IMARC Group’s report titled “Lighting as a Service Market Report by Component (Luminaries and Control Equipment, Software and Communication Systems, Maintenance Services), Installation (Indoor, Outdoor), End User (Commercial, Industrial, Municipal, and Others), and Region 2025-2033”. The global lighting as a service market size reached USD 1,212.1 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 19,111.7 Million by 2033, exhibiting a growth rate (CAGR) of 34.06% during 2025-2033.

Factors Affecting the Growth of the Lighting as a Service Industry:

● Energy Efficiency and Sustainability:

Interest in saving energy and preserving our environment is making this market grow bigger. LaaS providers mainly use long-lasting and low-energy LED lighting in their solutions. By using less energy, companies save money while following environmental regulations that help businesses cut carbon emissions. Since LaaS gives companies ways to use energy wisely and save the environment, it appeals to businesses that follow social responsibility guidelines and want to be green.

● Cost Savings and Financial Benefits:

When companies choose LaaS, they avoid big lighting system investments and begin spending on buying services gradually. Businesses have the choice from spending all at once on lighting to spreading their costs out through a subscription plan. The way businesses pay per use lets them control their spending better and keeps them from buying big equipment upfront. Like traditional lighting solutions, LaaS also covers upkeep and software updates at no extra charge. When payments match how much you use the service, companies know their spending better and gain more financial freedom. This makes LaaS a good solution for businesses that want to protect money and keep cash flowing smoothly.

● Technological Advancements:

The Internet of Things (IoT) connects smart lighting controls to helpful data from sensors, so we can run and keep track of our lighting more precisely. New technology tools like automated control, data analysis that happens straight away, and remote support systems help us do our tasks better and give users a smoother experience. These modern technologies let companies choose exactly when and how to use their lights, which saves energy along the way. More businesses want connected smart solutions, so LaaS companies now offer advanced features that both work better and give useful information to help run day-to-day tasks.

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Leading Companies Operating in the Global Lighting as a Service Industry:

  • Acuity Brands Lighting Inc.
  • Electricity Supply Board (ESB) Group
  • Enlighted Inc.
  • Every Watt Matters
  • LumenServe Inc.
  • RCG LightHouse
  • Signify N.V.
  • Stouch Lighting
  • UrbanVolt.

Lighting as a Service Market Report Segmentation:

By Component:

  • Luminaries and Control Equipment
  • Software and Communication Systems
  • Maintenance Services

On the basis of the component, the market has been divided into luminaries and control equipment, software and communication systems, and maintenance services.

By Installation:

  • Indoor
  • Outdoor

Indoor holds the biggest market share due to strict regulatory standards for energy efficiency and safety.

By End User:

  • Commercial
  • Industrial
  • Municipal
  • Others

Commercial accounts for the largest market share as they often require comprehensive lighting solutions, ranging from initial installation to ongoing maintenance.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Europe enjoys a leading position in the lighting as a service market on account of favorable government initiatives.

Global Lighting as a Service Market Trends:

Governing agencies of various countries are adopting LaaS by promoting energy efficiency and sustainable practices. They are implementing policies that encourage the use of energy-efficient technologies and offering rebates, tax credits, or grants for upgrades. LaaS aligns with these regulations by providing a solution that meets stringent energy standards and reduces overall emissions. These incentives can offset costs and make LaaS more financially attractive to organizations. Compliance with regulatory requirements and taking advantage of available incentives help businesses improve their sustainability profiles while also benefiting from reduced operational costs.

LaaS models often include maintenance and upgrades as part of the service. This reduces the operational burden on organizations and ensures they always have the latest technology without additional costs.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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