The global lighting as a service market is expected to grow at a robust CAGR during the forecast period, 2023-2027. The market growth can be attributed to the financial benefits of availing lighting as a service (LaaS) such as instant return on investment without any upfront capital cost and increasing demand for energy-efficient lighting systems. Besides, growing convergence of the Internet of Things (IoT) in lighting systems to reduce the electricity consumption is expected to drive the growth of the global lighting as a service market. The lighting as a service consists of energy auditing, lighting design, financing, installation, maintenance & other services, and end of equipment life. During energy auditing, the existing lighting, electricity consumption, existing intensity and needs of customer are assessed. After auditing, lighting components such as LED chips, circuit boards, casings, etc. are installed. Then, the customer’s lighting consumption is analysed, and off-site & on-site maintenance is provided. As the demand for energy is increasing at a rapid rate, governments across the world are looking for solutions to reduce the consumption of electricity, which has led to the growing adoption of lighting as a service market. Moreover, the LaaS model has become more common in commercial and citywide installations of LED lights with an aim of reducing installation costs. Besides, the global LED use. Some of the leading players in the global lighting as a service market are Koninklijke Philips N.V, Cooper Industries, Inc., SIB Lighting, Cree, Inc., RCG Lighthouse, Digital Lumens, Inc., Lutron, Electronics Company, Inc., Future Energy Solutions, Lunera Lighting, etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=2458 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-lighting-as-a-service-market/2458.html