Lighting as a Service (LaaS)
Market
Lighting as a Service (LaaS) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Lighting as a Service (LaaS) Market Size and Growth
The Lighting as a Service (LaaS) market is witnessing substantial growth, driven by increasing demand for energy-efficient solutions and smart lighting technologies. As of 2023, the global LaaS market is estimated to reach approximately $2.5 billion, with a projected CAGR of 30% over the next five years, reflecting robust market conditions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Koninklijke Philips
◍ ABB(Cooper Industries)
◍ General Electric
◍ Osram
◍ SIB Lighting
◍ Cree
◍ RCG Lighthouse
◍ Digital Lumens
◍ Lutron
◍ Future Energy Solutions
◍ Lunera Lighting
◍ Itelecom USA
◍ Legrand S.A
◍ Igor Inc
The Lighting as a Service (LaaS) market features companies like Koninklijke Philips, ABB, General Electric, Osram, and Cree, focusing on energy-efficient lighting solutions. They offer innovative financing models, smart technologies, and maintenance services, driving market growth. Key revenues include:
- Philips: $20.2 billion
- GE: $21.9 billion
- Osram: $4 billion
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Market Segmentation
By Application
Commercial
Municipal
Industrial
Others
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By Product
Indoor
Outdoor
Market Growth
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$ X Billion USD
