As per MRFR analysis, the Lighting-as-a-Service Market Size was estimated at 3.008 USD Billion in 2024. The Lighting-as-a-Service industry is projected to grow from 3.677 USD Billion in 2025 to 27.44 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 22.26% during the forecast period 2025 - 2035.
Accurate Lighting-as-a-Service Market estimation is essential for understanding the economic potential and future trajectory of this dynamic industry. As companies move toward decarbonization and digital transformation, the LaaS model is proving to be a critical enabler of sustainability goals. The estimation of market value and adoption rate is influenced by rapid urbanization, government incentives for green technology, and advancements in IoT-enabled lighting solutions.

The estimation process also considers various industry factors such as the pace of LED adoption, lifecycle cost advantages, and the shift toward smart infrastructure. Organizations increasingly realize that lighting represents a key opportunity for both energy savings and environmental performance improvement. Vendors that provide data analytics, customized control systems, and flexible financing are positioned to capture the largest market share.

With more companies embracing sustainable energy policies, LaaS is expected to grow exponentially over the next decade, reshaping the global lighting landscape into a service-driven, eco-conscious industry.

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