Global Lighting as a Service
Market Report
2025
The global Lighting as a Service Market size is USD 10.8 billion in 2024. The Lighting as a Service Market will show strongest growth with a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031. Lighting as a Service (LaaS) market is the growing demand for energy-efficient lighting solutions and cost savings through operational efficiency.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Lighting as a Service Market size is USD 10.8 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 33.2% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Lighting as a Service Market Sales Revenue | $ 665.99 Million | 121212 | 121212 | 33.88% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by End User |
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Market Split by Components |
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Market Split by Installation |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Lighting as a Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Lighting as a Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Lighting as a Service (LaaS) refers to a subscription-based model where lighting infrastructure and services are provided to customers on a pay-per-use or subscription basis, rather than upfront purchase. This model includes installation, maintenance, and upgrades of lighting systems, often integrating energy-efficient technologies and smart controls. LaaS is gaining traction due to its potential cost savings, reduced operational complexities, and environmental benefits through energy conservation. The market is driven by increasing awareness of energy efficiency, stringent regulations promoting sustainable practices, and the desire among businesses to minimize capital expenditures. As organizations seek to optimize energy consumption and enhance lighting performance, LaaS offers a flexible and scalable solution that aligns with modern sustainability and cost-efficiency objectives.
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In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.
The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.
China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.
In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.
In Aug 2020, LEDVANCE GmbH announced the LEDVANCE and Bosch Smart Home lighting solutions for the smart home. The integration of LEDVANCE Smart+ products into the Bosch Smart Home System makes the application even easier for customers it is a high-quality solution for a safe home without the need for an additional bridge. (Source:https://www.ledvance.com/professional/company/newsroom/press-releases/2020/ledvance-and-bosch-smart-home-create-bundles-for-intelligent-lighting-solutions-n159727)
Top Companies Market Share in Lighting as a Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, as of 2024, North America dominates the Light Sensors Market due to widespread adoption across various industries such as automotive, consumer electronics, and healthcare. The region's advanced technological infrastructure, coupled with stringent regulations on energy efficiency and sustainability, drives the demand for light sensors. Asia Pacific follows closely, fueled by rapid industrialization, urbanization, and increasing investments in smart city initiatives across countries like China, Japan, and India. These regions lead in the deployment of light sensors for applications ranging from ambient light sensing in smartphones to automotive lighting control systems, reflecting their pivotal roles in shaping global market trends.
Asia Pacific is expanding at the fastest Compound Annual Growth Rate (CAGR) in the Light Sensors Market. This growth is driven by rapid industrialization, urbanization, and the increasing adoption of advanced technologies across sectors such as automotive, consumer electronics, and healthcare. Countries like China, India, and Japan are witnessing significant investments in infrastructure development and smart city initiatives, which further propel the demand for light sensors. Additionally, the region's expanding middle-class population and rising disposable incomes contribute to the accelerated adoption of smart devices and automotive advancements that incorporate light sensing technologies.
The current report Scope analyzes Lighting as a Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Lighting as a Service Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lighting as a Service Industry growth. Lighting as a Service market has been segmented with the help of its End User, Components Installation, and others. Lighting as a Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Lighting as a Service market report categorizes competitors based on End User, offering a detailed analysis of their products and business strategies. This segmentation is essential for understanding the different facets of the market, providing valuable insights into each category. Key information for each segment includes definitions, advantages, real-world use cases, technological advancements, regional benefits, and other relevant factors that differentiate each type within the market. Furthermore, the report highlights the growth trajectories of these segments, detailing metrics such as market share, revenue figures, and compound annual growth rates over the forecast period. This allows stakeholders to understand the performance and potential of each segment, aiding in better decision-making and strategic planning. (For more comprehensive details, you can request a sample of the pages or contact our team directly)
End User of Lighting as a Service analyzed in this report are as follows:
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According to cognitive market research, The Lighting as a Service (LaaS) market components segment comprises three key categories: luminaries & control equipment, software & communication systems, and maintenance & other services. Luminaries & control equipment include the physical lighting fixtures and associated control mechanisms that manage lighting intensity and operation. Software & communication systems encompass the technologies enabling remote monitoring, data analytics, and integration with Internet of Things (IoT) platforms for enhanced efficiency and automation. Maintenance & other services cover ongoing support, upgrades, and performance optimization of LaaS installations. Together, these segments cater to diverse customer needs for energy-efficient, cost-effective lighting solutions across commercial, industrial, and municipal sectors globally.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lighting as a Service Market is witnessing significant growth in the near future.
In 2023, the Commercial segment accounted for noticeable share of global Lighting as a Service Market and is projected to experience significant growth in the near future.
The Luminaries & control equipment segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Philips NV (Netherlands) , Itelecom (Chile) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
End User | Commercial, Industrial, Municipal |
Components | Luminaries & control equipment, Software’s & communication systems, Maintenance & Other services |
Installation | Indoor, Outdoor |
List of Competitors | Philips NV (Netherlands), General Electric Lighting (US), Itelecom (Chile), Valoya Oy (Finland), RCG Lighthouse (Latvia), Metrus Energy Inc (US), Zumtobel Group Ag (Austria), LEDVANCE GmbH (Germany), Lunera Lighting (US), Enlighted Inc. (US) |
This chapter will help you gain GLOBAL Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review Global Lighting as a Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review North America Lighting as a Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review Europe Lighting as a Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review Asia Pacific Lighting as a Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review South America Lighting as a Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review Middle East Lighting as a Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Lighting as a Service. Further deep in this chapter, you will be able to review Middle East Lighting as a Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Lighting as a Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation End User Analysis 2019 -2031, will provide market size split by End User. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by End User Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Components Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Installation Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lighting as a Service market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Commercial have a significant impact on Lighting as a Service market? |
What are the key factors affecting the Commercial and Industrial of Lighting as a Service Market? |
What is the CAGR/Growth Rate of Luminaries & control equipment during the forecast period? |
By type, which segment accounted for largest share of the global Lighting as a Service Market? |
Which region is expected to dominate the global Lighting as a Service Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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