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Lighting as a Service Market Size Growing with Tremendous CAGR 46.1% : Revenue Projections 2020-2027 by Top Players- General Electric, Future Energy Solutions, UrbanVolt,

The growth of the market is attributed to the increasing demand of energy efficient lighting systems as well as implementation of Internet of Things (IoT) with lighting services.

 

Vancouver, BC -- (SBWIRE) -- 10/19/2020 -- The Global Lighting as a Service Market research study published by Emergen Research is an extensive collection of insightful information about the Lighting as a Service industry. The report covers the Lighting as a Service Market segmentation along with a detailed outline of the Lighting as a Service market size with regards to volume and valuation. The report provides comprehensive coverage of the Lighting as a Service market scenario for the current period and forecast timeline of 2020-2027. The Lighting as a Service market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

Factors influencing the growth of the Lighting as a Service market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Lighting as a Service market. The report discusses in detail the positive and negative impact of the pandemic on the Lighting as a Service industry. The supply chain disruptions and economic volatility have altered the dynamics of the Lighting as a Service industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Lighting as a Service market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Lighting as a Service market landscape.

The Lighting as a Service research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

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The key companies studied in the report are:

General Electric, Future Energy Solutions, UrbanVolt, Igor Inc., Valoya Oy, SIB Lighting and Lunera Lighting among others.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

Component Outlook (Revenue, USD Billion; 2017-2027)
Luminaries and Controls
Software
Service

Application Outlook (Revenue, USD Billion; 2017-2027)
Commercial
Industrial
Others

Installation Outlook (Revenue, USD Billion; 2017-2027)
Indoor
Outdoor

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The report addresses the following key points:

The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Lighting as a Service market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights

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