Research Overview

Light-as-a-Service (LaaS) is a subscription-based lighting industry business model where the end-user or the building owner purchases the light rather than the hardware that delivers it. With this model, the vendor and the end user enter into a multi-year contractual agreement with payment and energy saving details. LaaS was introduced to avoid the upfront capital investment of lighting, which sometimes becomes a primary reason to halt or delay cost-effective energy and facility projects. The LaaS has different variants and the scope of the study includes LaaS from simple financing to financing plus turnkey services including audit, plan, design, installation, maintenance, and technology upgrade. This report includes LaaS sold as separate entities and sold as a part of energy performance contracting and energy efficiency service projects. The information is futher analyzed geographically (regions include UK, Germany, France, Spain, Italy, Benelux, Norway and the Rest of Europe) with a basic analysis of the end-user vertical market, revenue forecast, and market share information. European-level end-user market analysis is included in the report and segmented into office, hospitality, retail, healthcare, education, industrial, and others. The others segment includes outdoor applications, high-rise residential buildings, government buildings, museums, sports stadiums, airports, and industrial warehouses. The report also includes European-level lighting application analysis, which is segmented as indoor, outdoor, and specialized lighting applications.