Lighting as a Service: Navigant Global Market Analysis and Forecasts

Lighting Commercial Buildings

 

 

April 12 2016

According to a new report by Navigant Research, the stage is set for the rise of lighting as a service (LaaS). Global LaaS revenue is expected to grow from $35.2 million in 2016 to $1.6 billion in 2025. 

The lighting industry is in the midst of two concurrent upheavals. LED lighting is rapidly taking over from incumbent technologies, and lighting controls systems are greatly expanding the abilities of the technology that operates the lights. The lack of experience with new lighting and lighting controls products is one of the primary barriers to a more complete adoption of these beneficial technologies. In this atmosphere, the lighting industry is primed for yet another change — a shift in how all the solutions involved in a modern lighting system are provided to building end users. 

Navigant Research defines LaaS as the third-party management of a lighting system that may include additional technical, maintenance, financial, or other services. These offerings can begin with the installation of a lighting system, continue through maintenance and management, and even include the recycling or disposal of equipment at the end of its life. Several companies are beginning to offer combinations of these services as they experiment with how best to meet their customers’ needs. Navigant Research anticipates that these efforts represent the beginning of a trend that will mature and grow rapidly over the next 10 years. 

This Navigant Research report examines the global LaaS market for commercial buildings. The study provides an analysis of the market issues, technological developments, and regional trends related to LaaS, with a focus on four service types: professional, maintenance, managed, and others (such as financing). Global forecasts for revenue and square footage under LaaS management, segmented by region, service type, and building type, extend through 2025. The report also profiles select industry players and highlights the innovative ways they use networked lighting systems and cloud-based software to offer LaaS.

Find out more: https://www.navigantresearch.com/research/lighting-as-a-service.

Related Articles


Changing Scene

  • 5 Simple Steps Towards Sustainable Lighting

    February 20, 2024 Here are five practical actions you can take –today! – to move towards designing more sustainably. Sustainability in lighting – a broad, sometimes confusing topic, that can be looked at in many ways. Circular lighting economy, material ingredient reporting (MIRs), environmental product declarations (EPDs), life cycle analyses (LCAs), factory working conditions, carbon… Read More…

  • Lighting Design International Calls for Greater Sustainability Across Lighting Design Projects

    February 19, 2024 Leading lighting design consultancy, Lighting Design International (LDI) has been raising awareness of the need for greater sustainability across the built environment. LDI’s Associate, Arianna Ghezzi, shared these principles as part of a panel discussion at the recent and most successful Surface Design Show. The talk focused on Circularity in Lighting, and… Read More…


Design

  • Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    Case Study: Windsor Family Credit Union (WFCU) with Salex SW

    February 6, 2024 Since 1940, WFCU Credit Union is a prominent and forward-thinking financial institution based in Windsor and Essex County. For over 80 years, WFCU has been dedicated to serving Ontario residents, community, organizations, small businesses, commercial entities, and public institutions. Their new headquarters in Kitchener was created as they continue to grow their… Read More…

  • Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    Coaticook Suspended Footbridge: An Ever-Changing Luminous Canvas, Painted by Nature

    December 5, 2023 At 170 m (554 ft) long and 50 m (160 ft) high, the Coaticook Canyon Bridge at Parc de la Gorge de Coaticook is one of the longest suspension footbridges in North America and one of the most popular tourist attractions in the Eastern Townships. For several years, the Parc de la… Read More…


New Products

  • LED Hi-Pro Expandable Lamp from Satco Nuvo Offer 320 Degree Rotation for Light Positioning

    LED Hi-Pro Expandable Lamp from Satco Nuvo Offer 320 Degree Rotation for Light Positioning

    February 22, 2024 SATCO|NUVO’s LED Hi-Pro Lamps offer a 320° rotating EX39 base making the installation of these lamps easier than ever. The two different on-unit CCT and Wattage Selectable switches give the user the power to customize the lighting for each unique environment. The notable design of the expandable light panels, when used in… Read More…

  • LED PIR Sensor Lamps from Satco Nuvo

    LED PIR Sensor Lamps from Satco Nuvo

    February 21, 2024 SATCO|NUVO’s PIR screw-base lamps with integrated motion sensor turn any luminaire into a motion activated light source without added wiring. Conveniently install lamps to improve safety and security in any application. Available in A19 and PAR38 bulb shapes and rated for wet locations, these lamps can be used indoors or outdoors, and… Read More…