Lighting-as-a-Service Market Set to Register a CAGR of 44% Between 2019 & 2025

August 30, 2019 [addtoany]

Dublin, Aug. 29, 2019 (GLOBE NEWSWIRE) — The “Lighting as a Service – Market Analysis, Trends, and Forecasts” report has been added to’soffering.

Lighting as a Service market worldwide is projected to grow by US$2.5 Billion, driven by a compounded growth of 44%.

Commercial, one of the segments analyzed and sized in this study, displays the potential to grow at over 45.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$828.4 Million by the year 2025, Commercial will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 48.9% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$65.2 Million to the region’s size and clout in the next 5 to 6 years. Over US$123.9 Million worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Commercial will reach a market size of US$66.7 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 41.8% over the next couple of years and add approximately US$395.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include the following, among others:

  • Cree Inc. (USA)
  • Future Energy Solutions (USA)
  • GE Lighting (USA)
  • Igor Inc. (USA)
  • Italtel S.p.A. (Italy)
  • Koninklijke Philips N.V. (The Netherlands)
  • Lunera Lighting Inc. (USA)
  • Rcg Lighthouse (Latvia)
  • SIB Lighting (USA)
  • Zumtobel Group AG (Austria)

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