A Proposed Business Models of Product-Service Systems for Lighting System

The growing nature of the business world necessitates continual innovation in business models. In response to the growing need for sustainable and flexible business practices, Product-Service Systems (PSS) have gained traction across various industries. However, the LED manufacturing industry remains predominantly product-centric. In order to fill this gap, this study aims to investigate the feasibility of transitioning the LED lighting business model to a Product-Services Systems (PSS) approach. This study investigates several alternate PSS Lighting System business models using morphological analysis. The Business Model Canvas v2.2 framework is then used to assess these options' acceptability, viability, and feasibility. Selected PSS lighting systems are then detailed within the Business Model Canvas. Four business models for the PSS Lighting System are identified in the study as potentially viable for implementation: the product leasing, sharing, pooling, and activity management lighting systems. Additionally, this study advances our theoretical knowledge of PSS, especially as it relates to the PSS Lighting System business model. Furthermore, this study offers insights into expanding existing business models by integrating multiple lighting system models proposed in this study