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LaaS is expected to register 52% growth till 2025, with a total of USD 1.6 billion in terms of value in the same year
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What is lighting as a service (LaaS) and how does it work? Lighting as a Service (LaaS) is a service delivery model in which light service is charged on a payment basis rather than via a one-time payment. This business model has become more mutual in commercial & citywide installations of LED lights, exactly in retrofitting buildings and outdoor facilities, with the aim of decreasing installation costs. Light vendors have utilized an LaaS strategy in selling value-added services, such as Internet-connected lighting & energy management. Lighting as a service pros • No upfront investment • Subscribers are immediately cash flow positive • Constant energy savings • Burn outs are not your responsibility Trends in Lighting as a Service (LaaS) Market: LaaS Market is expected to register 52% growth till 2025, with a total of USD 1.6 billion in terms of value in the same year
Competitive Landscape: Some of the major Companies in the Lighting as a Service (LaaS) Market are Digital Lumens, Inc., Eaton, Future Energy Solutions, SIB Lighting, Cree, Inc., RCG Lighthouse, Lutron Electronics co., Inc., Lunera, Inc, General Electric Company, Osram Licht Ag Segmental Insights Trends: The Lighting as a Service (LaaS) Market is Segmented By Product Type and End User. By Product Type Indoor Outdoor By End User Commercial Municipal Industrial Regional Insights: Geographically, the Lighting as a Service (LaaS) Market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America Europe Asia Pacific The Middle East & Africa Get FREE Sample copy of Lighting as a Service (LaaS) Market @ https://straitsresearch.com/report/lighting-as-a-service-laas-market/request- sample About StraitsResearch: StraitsResearch, we have a tendency to alter our buyers to solve the quality of assorted industries through our marketing research & Consulting Services.
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