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

Design

  • Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Strategic outdoor wall lighting combines bright entry fixtures (700-1,000 lumens) at doors, accent sconces highlighting architectural features, and porch lighting that creates welcoming curb appeal while deterring intruders and ensuring safe navigation. Your home’s exterior walls offer the perfect canvas for lighting that serves multiple purposes simultaneously. Well-positioned outdoor wall lights provide security at vulnerable… Read More…

  • Mac’s II Agencies: Transform Your Space – 6 Ways to Light Corridors That Leave an Impression

    Mac’s II Agencies: Transform Your Space – 6 Ways to Light Corridors That Leave an Impression

    Corridors are transitional spaces that connect us from room to room, level to level, yet they’re often fitted with a series of basic downlights in the design process. But what if I told you that corridor lighting could be so much more? After a decade in the lighting industry, I’ve learned that lighting is one… Read More…

New Products

  • Dals: Horizon Max 100W Flood Light – DCP-FLD100

    Dals: Horizon Max 100W Flood Light – DCP-FLD100

    Dals Horizon Max is the big brother to their original Horizon, delivering significantly higher lumen output while maintaining the same build quality and adjustability. Constructed from high-strength aluminum alloy, the Horizon Max features a wide 120-degree beam angle and can be wall-mounted or staked in the ground. The wall plug can also be cut for… Read More…

  • BeLuce: HAZ-X A – Hazardous Location LED Flood Light

    BeLuce: HAZ-X A – Hazardous Location LED Flood Light

    The HAZ-X A Series LED Flood Light is an ideal choice for marine and hazardous applications. They can be used in locations where moisture, dirt, dust, corrosion and vibration may be present, or areas where wind, water, snow or high ambient temperatures can be expected. Available in configurations from 20W to 400W, the HAZ-X A… Read More…