Lighting as a Service Market Trends, Industry Report (2018-2025)

This Lighting as a Service technology is still at an emerging stage, but the lack of awareness among consumers about the technology acts as a hindrance for the growth. Consumers lack the knowledge about lighting as a service solution and the benefits it offers as compared to other solutions. Thus, it is necessary to promote the features and benefits of the new technology to the consumers. Increasing awareness is thus expected to spur the adoption of the technology in the coming future. The market currently is in a niche state. Thus, it is not very popular among the end users as compared to the well-established LED market.

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The limited knowledge regarding the LaaS market, retrofitting capacity, operations, and the maintenance of the LEDs among the end users forms an unwillingness for the purchase of the same. The federation of national manufacturers associations in the European Union for the luminaires and electrotechnical components, Committee of EU Luminaires Manufacturers Association CELMA, together with the European Lamp Companies Federation (ELC), published the lighting awareness guide. This guide signposts what all needs to be kept in mind while selecting the best, most efficient, and tenable lighting solutions.

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(SEEF), an independent investment leader financing energy efficiency projects signed a financing agreement with Philips Lighting (now Signify Holding), in February 2018, for Philips Lighting as a Service (LaaS) projects across Europe.

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