The Lighting as a Service (LaaS) market is growing due to more demand for energy-efficient lighting and the use of Internet of Things (IoT) in lighting. Cost effective subscription offerings are appealing to facility owners who are building new or facing upgrade requirements in older buildings.
Lighting systems are estimated to consume 25% or more of the electricity in commercial buildings, and the average age of commercial buildings in the USA exceeds 50 years old. The opportunity for energy efficient lighting upgrades and LaaS subscriptions is appealing to facility owners nationwide.
Learn more:
https://finance.yahoo.com/news/lighting-market-size-worth-usd-141500967.html?guccounter=1