
Persistence Market Research recently published a market study that provides analytical insights related to the overall prospects of the Lighting as a Service (LaaS) Market during the forecast period 2017 – 2025. The report aims to assist business players, stakeholders, and investors to improve their standing in the current market landscape and gain a competitive edge over their competitors. The presented study evaluates the major trends, opportunities, drivers, and challenges that are expected to impact the growth of the Lighting as a Service (LaaS) Market in the upcoming years.
The report reveals that the Lighting as a Service (LaaS) Market is expected to register a CAGR growth of ~XX% during the forecast period and surpass the value of ~US$XX by the end of 2017 – 2025. Some of the leading factors that are expected to drive the growth of the market include, rising investments for research and development, the advent of cutting-edge technology, and favorable government policies in certain regions.
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Essential Findings of the Report:
- Most effective marketing and distribution channels adopted by market players
- Market attractiveness of various regional markets
- Trends influencing the current dynamics of the Lighting as a Service (LaaS) Market
- Growth prospects of various market segments
- Leading market players in the Lighting as a Service (LaaS) Market
The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Lighting as a Service (LaaS) Market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Lighting as a Service (LaaS) Market who can leverage the information in the report to develop effective business strategies.
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key players.
Based on the product type the Lighting as a Service (LaaS) market is segmented into:
Based on the end users, Lighting as a Service (LaaS) market is segmented into:
- Commercial
- Municipal
- Industrial
Based on the key players, lighting as a service (LaaS) market is segmented into:
- Lighting Manufacturers
- Lighting Controls Vendors
- Lighting Upgrades and Maintenance-Focused Companies
Lighting as a Service (LaaS) Market: Regional Outlook
Regarding geography, the global lightning as a service (LaaS) market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The lightning as a service market is globally expected to register healthy CAGR during the forecast period. Among the regions mentioned above, north America is the largest market for lighting as a service (LaaS), closely followed by Western and Eastern Europe. In North America, the lighting as a service market is driven by the rise in the demand for commercial launches, as LaaS has a cost saving potential and offer the reduction in energy consumption worldwide. Owing to growing demand from the commercial as well as industrial sectors Eastern and Western Europe are second leading regions. The local segment is expected to witness the fastest demand during the forecast period. The municipal end users include lighting offered by local governments for open public spaces, streets, bridges, public parking areas, walkways, and highways are also driving the market in emerging countries such as China, India along with Philippines, Thailand, Malaysia and Indonesia is a reason for Asia-Pacific (excluding Japan) being the fastest growing region in the world.
Lighting as a Service (LaaS) Market: Key Players
In the market for lighting as a service (LaaS), the companies are very much involved in the activities such as merger and acquisition, collaboration and partnership, the launch of new products and strategizing the technique to sustain longer as well as capture high market share in the market. Few of the market players accounting for global Lighting as a Service (LaaS) market includes Koninklijke Philips N.V, Cooper Industries, Inc., SIB Lighting, Cree, Inc., RCG Lighthouse, Digital Lumens, Inc., Lutron, Electronics Company, Inc., Future Energy Solutions, Lunera Lighting, General Electric Lighting, Osram Licht Ag, Itelecom Usa, Legrand S.A., and Igor Inc.
The report clarifies the following doubts related to the Lighting as a Service (LaaS) Market:
- Which region offers promising growth opportunities in the Lighting as a Service (LaaS) Market during the forecast period 2017 – 2025?
- How can new market players establish their presence in the Lighting as a Service (LaaS) Market?
- What is the impact of technology on the Lighting as a Service (LaaS) Market?
- What is the estimated value of the Lighting as a Service (LaaS) Market in 2019?
- What are the factors that could impede the growth of the Lighting as a Service (LaaS) Market?
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