Product Code: ETC4532882 | Publication Date: Jul 2023 | Updated Date: Jul 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The United States Lighting as a Service (LaaS) market is experiencing significant growth driven by the increasing demand for energy-efficient lighting solutions and the shift towards sustainable practices. LaaS allows businesses to upgrade their lighting systems without the upfront costs, instead paying for the lighting service on a subscription or lease basis. This model provides benefits such as reduced energy consumption, lower maintenance costs, and improved lighting quality. Key players in the US LaaS market include major lighting manufacturers, energy service companies, and technology providers. The market is expected to continue expanding as businesses seek cost-effective and environmentally friendly lighting solutions to meet their operational needs and sustainability goals.
The US Lighting as a Service (LaaS) market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions and the shift towards sustainability. Businesses are increasingly opting for LaaS models to reduce upfront costs, improve energy efficiency, and enhance lighting quality. The demand for smart lighting systems integrated with advanced technologies such as Internet of Things (IoT) and data analytics is also driving market growth. Opportunities for market players include offering customized LaaS solutions, expanding into untapped sectors such as healthcare and education, and leveraging partnerships with technology providers to deliver innovative lighting solutions. As energy efficiency regulations become more stringent and businesses prioritize sustainability, the US LaaS market is expected to continue expanding in the coming years.
The US Lighting as a Service Market faces several challenges, including high initial costs for implementing energy-efficient lighting solutions, limited awareness among businesses about the benefits of Lighting as a Service (LaaS), and a lack of standardized metrics for measuring the success of LaaS projects. Additionally, the complexity of existing lighting systems and the need for customized solutions for different industries pose challenges for LaaS providers in delivering cost-effective and efficient lighting solutions. Furthermore, the competitive landscape with traditional lighting providers and the regulatory environment related to energy efficiency standards also present obstacles in the US LaaS market. Overcoming these challenges will require increased education and awareness efforts, innovative financing options, and strategic partnerships within the industry.
The US Lighting as a Service market is being driven by several key factors. Firstly, the increasing emphasis on energy efficiency and sustainability is compelling businesses to adopt more efficient lighting solutions that help reduce energy consumption and carbon emissions. Secondly, the rising awareness about the benefits of LED lighting, such as lower maintenance costs and longer lifespan, is driving the demand for lighting as a service offerings. Additionally, the shift towards a more service-oriented economy where businesses prefer operational expenditure over capital expenditure is also fueling the growth of the market. Furthermore, the flexibility and scalability offered by Lighting as a Service models, allowing businesses to upgrade their lighting infrastructure without large upfront costs, is attracting a growing number of customers to this innovative approach.
The US government has implemented various policies to promote energy efficiency and sustainability in the lighting industry, which has a direct impact on the Lighting as a Service market. These policies include the Energy Policy Act, which encourages the use of energy-efficient lighting technologies through tax incentives and rebates. Additionally, the Department of Energy has set standards for lighting efficiency and performance, pushing companies to adopt more sustainable practices. The US Environmental Protection Agency`s ENERGY STAR program also certifies energy-efficient lighting products, providing consumers and businesses with guidance on making environmentally friendly choices. Overall, these government policies create a favorable environment for the growth of the Lighting as a Service market by driving demand for energy-efficient lighting solutions.
The future outlook for the United States Lighting as a Service (LaaS) market appears promising, with continued growth expected due to increasing awareness of energy efficiency and sustainability. LaaS offers businesses a cost-effective solution to upgrade their lighting systems without the upfront capital investment, driving its adoption across various industries. Furthermore, the shift towards smart lighting solutions and IoT integration is expected to propel market growth, as businesses seek to enhance operational efficiency and optimize energy consumption. As the demand for energy-efficient lighting solutions continues to rise, coupled with the focus on reducing carbon footprints, the US LaaS market is projected to witness significant expansion in the coming years, presenting opportunities for both service providers and end-users.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United States (US) Lighting as a Service Market Overview |
3.1 United States (US) Country Macro Economic Indicators |
3.2 United States (US) Lighting as a Service Market Revenues & Volume, 2021 & 2031F |
3.3 United States (US) Lighting as a Service Market - Industry Life Cycle |
3.4 United States (US) Lighting as a Service Market - Porter's Five Forces |
3.5 United States (US) Lighting as a Service Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.6 United States (US) Lighting as a Service Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.7 United States (US) Lighting as a Service Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 United States (US) Lighting as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United States (US) Lighting as a Service Market Trends |
6 United States (US) Lighting as a Service Market, By Types |
6.1 United States (US) Lighting as a Service Market, By End-User |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Lighting as a Service Market Revenues & Volume, By End-User, 2021 - 2031F |
6.1.3 United States (US) Lighting as a Service Market Revenues & Volume, By Commercial, 2021 - 2031F |
6.1.4 United States (US) Lighting as a Service Market Revenues & Volume, By Municipal, 2021 - 2031F |
6.1.5 United States (US) Lighting as a Service Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2 United States (US) Lighting as a Service Market, By Installation |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Lighting as a Service Market Revenues & Volume, By Indoor, 2021 - 2031F |
6.2.3 United States (US) Lighting as a Service Market Revenues & Volume, By Outdoor, 2021 - 2031F |
6.3 United States (US) Lighting as a Service Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 United States (US) Lighting as a Service Market Revenues & Volume, By Luminaires, 2021 - 2031F |
6.3.3 United States (US) Lighting as a Service Market Revenues & Volume, By Software & Communication Systems, 2021 - 2031F |
6.3.4 United States (US) Lighting as a Service Market Revenues & Volume, By Maintenance Services, 2021 - 2031F |
7 United States (US) Lighting as a Service Market Import-Export Trade Statistics |
7.1 United States (US) Lighting as a Service Market Export to Major Countries |
7.2 United States (US) Lighting as a Service Market Imports from Major Countries |
8 United States (US) Lighting as a Service Market Key Performance Indicators |
9 United States (US) Lighting as a Service Market - Opportunity Assessment |
9.1 United States (US) Lighting as a Service Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.2 United States (US) Lighting as a Service Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.3 United States (US) Lighting as a Service Market Opportunity Assessment, By Component, 2021 & 2031F |
10 United States (US) Lighting as a Service Market - Competitive Landscape |
10.1 United States (US) Lighting as a Service Market Revenue Share, By Companies, 2024 |
10.2 United States (US) Lighting as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |