The lighting as a service market is expected to grow at a compound annual growth rate of approximately 50.4% during the forecast period of 2020-2025. The primary driver for the market includes the increasing demand for efficient lighting systems, without the substantial upfront cost. A lighting as a service program allows you to pay a monthly OpEx payment that covers your: installation, repairs, monitoring, and ongoing service.
Lighting-as-a-Service (LaaS), also known as Light-as-a-Service, is a service-based business model in which light service is charged on a subscription basis rather than via a one-time payment. Light vendors, as well as Action Services Group, are using the LaaS strategy in selling value-added services, such as Internet-connected lighting and energy management!
Click here to read the full story, posted September 13th, 2020, in LED News.
Parking lot lighting increases the safety of occupants and their vehicles by warding away danger like theft or robbery.