Lighting as a Service: Navigant Global Market Analysis and Forecasts

Light As A Service

 

 

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 US$35.2 million in 2016 to US$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.

Image: blog.bytelight.com

Related Articles


Changing Scene


Design

  • LIT Design Awards Light Art Project Winner: Integral Group

    LIT Design Awards Light Art Project Winner: Integral Group

    December 19, 2022 Prize(s) Winners in Light Art Project Company Integral Group Lead Designers Ellie Niakan + Catherine Chan Photo Credits Catherine Chan Completion Date December 21, 2021 Project Location New Westminster, British Columbia, Canada Although appearing as solitary, trees are connected to one another through vast underground systems known as mycorrhizal networks. Through these hidden systems—a symbiotic relationship between plants… Read More…

  • LIT Lighting Design Awards: Capital Park Landscape, Victoria, BC

    LIT Lighting Design Awards: Capital Park Landscape, Victoria, BC

    December 5, 2022 Located in one of Victoria’s most historic neighborhoods, the Capital Park Mixed-Use Development is made up of seven buildings stretching across three lots and is responsible for nearly an entire city block of Victoria’s downtown core. The project took place over the span of three phases and eight years. The first phase… Read More…


New Products

  • Legrand Shading Systems Announces Cord Keeper for Safe, Compliant Chain-Operated Shades

    Legrand Shading Systems Announces Cord Keeper for Safe, Compliant Chain-Operated Shades

    February 3, 2023 Compliant With Regulations in the U.S. and Canada, the Cord Keeper Provides Safety and Peace of Mind in Commercial and Residential Applications Legrand Shading Systems today introduced Cord Keeper, a safe, compliant solution for chain-operated shades. Legrand’s Cord Keeper provides safety and peace of mind for commercial and residential applications using manual… Read More…

  • Stanpro Edge-Lit Ceiling Light with Motion Detection

    Stanpro Edge-Lit Ceiling Light with Motion Detection

    February, 3, 2023 The LED edge-lit ceiling luminaire with integrated motion sensor has a sleek design including an embedded PIR (Passive Infrared) sensor. This luminaire helps save energy by automatically turning on when motion is detected and off when there is no motion. In addition, it can be easily installed, with a twist-lock installation, flush to a… Read More…