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.
The global Lighting-as-a-Service Market forecasts highlight a transformative decade ahead, where sustainability, digitalization, and affordability converge to redefine the lighting ecosystem. With organizations seeking to reduce operational costs and carbon emissions, LaaS is expected to play a pivotal role in future infrastructure design. Predictive market models suggest that the demand will continue rising across commercial, municipal, and industrial segments as businesses shift toward energy-efficient and service-based solutions.

Smart lighting, powered by IoT and artificial intelligence, is expected to dominate new installations. The ability to monitor, adjust, and optimize lighting remotely provides unparalleled flexibility and efficiency. Furthermore, innovations in connected ecosystems will integrate lighting with HVAC and security systems, enabling holistic building management. Governments are actively supporting these advancements through energy efficiency incentives and infrastructure funding.

As competition intensifies, service providers are focusing on delivering scalable subscription models and performance guarantees that ensure measurable savings. By merging technology and service excellence, the LaaS sector is forecast to become an indispensable part of sustainable urban development and corporate energy strategies.

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