Lighting Services Procurement Intelligence
The global lighting services category is anticipated to grow at a CAGR of 4.5% from 2023 to 2030.
Growth of the category can be attributed to rise in global infrastructure projects, innovations in lighting systems, favorable regulatory environment, emergence of Lighting-as-a-Service (LaaS) business model, high demand for LED lighting, and growing demand in applications such as interior design and photography. LaaS consists of a subscription-based service for lighting needs of businesses. Key advantages of LaaS include zero upfront costs, reduction in energy usage, enhanced employee productivity and safety, and improvement in building operations. Key factors restraining the category include increased inflation and economic slowdown, issues in maintenance, rising raw material costs, complexity in pricing structures, supply chain disruptions, and environmental concerns.
Order your copy of the Lighting Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Lighting Services Procurement Intelligence Report Scope
The Lighting Services category is expected to have pricing growth outlook of 5% - 10% increase (Annually) from 2023 to 2030, with below pricing models.
- Fixed pricing
- Time and materials-based pricing
- FTE pricing
- Value based pricing
Supplier Selection Scope of Report
- Cost and pricing
- Past engagements
- Productivity
- Geographical presence
Supplier selection criteria of Report
- Geographic service provision
- years in service
- industries served
- revenue generated
- employee strength
- certifications
- type of lighting product
- type of lighting service
- technological capabilities
- lead time
- others
Lighting Services Procurement Intelligence Report Coverage
Grand View Research will cover the following aspects in the report:
- Market Intelligence along with emerging technology and regulatory landscape
- Market estimates and forecasts from 2022 to 2030
- Growth opportunities, trends, and driver analysis
- Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
- Porter’s 5 forces
- Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
- Engagement and operating models, KPI, and SLA elements
- LCC/BCC analysis and negotiation strategies
- Peer benchmarking and product analysis
- Market report in PDF, Excel, and PPT and online dashboard versions
Lighting Services Procurement Cost and Supplier Intelligence
Labor, equipment, wiring and components, maintenance and repair, licensing and compliance, and other costs are the key components of this category. Other costs include transportation and logistics, rent and utilities, sales and marketing, insurance, and taxes. Labor and equipment account for the largest share of the cost structure. A prominent pricing structure used in lighting services is fixed-price structure, which guarantees that a service provider will receive the approved sum of money specified in the contract and have a predetermined, predictable pricing for the services indicated.
Another type of pricing structure is based on time and materials, in which the price is decided by the cost of materials and the amount of time needed to finish the task. This pricing structure is usually adopted when the time and resources required for a particular service cannot be realistically concluded beforehand. An FTE-based pricing structure is also used in this category, where the service provider decides the pricing based on the headcount of resources working on the project. Additionally, service providers in this category may also use value-based pricing, wherein the rates are decided based on the consumer’s perceived value of the service.
List of Key Suppliers
- Eaton Corporation plc
- Koninklijke Philips N.V.
- LEDtronics Sdn Bhd
- Ledvance GmbH
- Lumenix
- OSRAM GmbH
- Panasonic Corporation
- Schneider Electric
- Signify Holding
- Stouch Lighting
Add-on Services provided by Grand View Research Pipeline:
- Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
- Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
- Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
- Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
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Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
