Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Europe LED Lighting Market Outlook

The Europe LED lighting market size was nearly USD 20.03 billion in 2023. The market is estimated to grow at a CAGR of 9.2% during 2024-2032, to reach around USD 44.42 billion by 2032.

Key Trends in the Market

LED (light-emitting diode) lighting is one of the most energy-efficient and eco-friendly lighting technologies. It consumes less energy to generate the same amount of light as compared to other types of lighting such as linear fluorescent lighting and circadian rhythm electric lights. There are different types of LED lighting, including alphanumeric LEDs, LED strips, colour LEDs, and flash LEDs, among others.

  • The lifespan of LED lighting solutions is superior to other lighting types such as incandescent, fluorescent, and low-pressure sodium vapour (LPS). LEDs can generally last for about 50,000 to 100,000 hours, whereas an average incandescent bulb only lasts up to 1,000 hours. This, coupled with their energy efficiency, low maintenance, and high-quality radiation, is supporting the Europe LED lighting market demand.
  • Governments and organisations in Europe are actively introducing various initiatives to promote energy efficiency and sustainability, become carbon neutral, and reduce greenhouse gas emissions. For instance, in September 2021, the energy labelling and ecodesign regulations, adopted by the EU in 2019, came into effect. The regulations aimed to save 7 million tons of CO2 emissions by 2030 and ban halogen and fluorescent bulbs while promoting energy-efficient technologies like LED.
  • The Europe LED lighting market growth can be attributed to advancements in LED technologies. Smart LED lighting systems that can be remotely controlled, provide enhanced functionality, and offer features like scheduling, customisation, and energy management, among others, are also gaining significant popularity in the country.

Increasing research activities aimed at developing innovative manufacturing techniques and materials that can enhance the versatility, durability, and energy efficiency of LED lighting are likely to favour the market growth in the forecast period.

  • LED lights are eco-friendly as they are made without the use of toxic elements and ensure low heat emissions. This enables the users to mitigate their carbon footprints and promote a sustainable future. Moreover, LED lights ensure less energy wastage, they convert 95% of their energy into light with only 5% being squandered as heat.

Europe LED Lighting Market Segmentation

Based on product type, the market is bifurcated into lamps and luminaires. On the basis of application, the market is segmented into indoor and outdoor. On the basis of end use, the market is divided into commercial, industrial, and residential. The major regional markets for LED lighting in Europe include Germany, the United Kingdom, France, Italy, and others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe LED lighting market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

  • Acuity Brands Inc. 
  • Signify NV 
  • Ams Osram AG 
  • Eaton Corporation PLC 
  • Savant Systems Inc. 
  • Dialight plc 
  • Zumtobel Group AG  
  • TRILUX GmbH & Co. KG
  • Opple Lighting Co. Ltd. 
  • Seoul Semiconductor Co. Ltd. 
  • Others

Market Share by End Use

As per the Europe LED lighting market analysis, the demand for LED lighting solutions in residential space is rising due to their durability, energy-efficiency, sustainability, and affordability as compared to conventional lighting such as Compact Fluorescent Light (CFLs). Moreover, LEDs are compact and directional, thus they are ideal for compact spaces such as kitchen counters and under-shelf lighting. As this lighting is available in various shapes and designs, it is also used to enhance the aesthetic appeal of residential spaces.

Market Share by Region

The United Kingdom accounts for a significant portion of the Europe LED lighting market share. According to the UK Department for Business, Energy and Industrial Strategy (BEIS), around 20% of the electricity generated in the UK is utilised in lighting applications and upgrading from conventional lighting to LEDs can save costs up to 80% for a business. Hence, businesses in the country are actively adopting efficient lighting options, including LEDs, to reduce their electricity consumption.

In September 2021, the UK government banned the sale of halogen light bulbs to combat climate change. Through this initiative, it aims to increase sales of LED light bulbs to 85% by 2030. Moreover, as the government aims to hit net-zero corporate carbon emissions by 2030, the demand for LED lighting with enhanced efficiency is increasing.

Competitive Landscape

Acuity Brands Inc. is an industrial energy-efficient technology company that deals in numerous brands, including Cyclone, Eureka, Pathway, and Indy™, among others. It is based in Atlanta, Georgia, with its operations across North America, Europe, and Asia.

Ams Osram AG is headquartered in Austria and operates in different industries, including automotive and mobility, lighting, computing, and medical and health, among others. It also manufactures various products in the lighting sector, including LEDs, lasers, photodetectors, sensors, lamps, and interfaces, among others.

Eaton Corporation PLC was founded in the year 1911 and is a power management company operating its business in more than 175 countries. It deals in a wide range of products, including actuators and motion control, clutches and brakes, cylinders, furniture, and golf grips, among others.

Other Europe LED lighting market players include Signify NV, Savant Systems Inc., Dialight plc, Zumtobel Group AG, TRILUX GmbH & Co. KG, Opple Lighting Co. Ltd., and Seoul Semiconductor Co. Ltd., among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • End Use
  • Region
Breakup by Product Type
  • Lamps
  • Luminaires
Breakup by Application
  • Indoor
  • Outdoor
Breakup by End Use
  • Commercial
  • Residential
  • Industrial
Breakup by Region
  • Germany
  • United Kingdom
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Acuity Brands Inc. 
  • Signify NV 
  • Ams Osram AG 
  • Eaton Corporation PLC 
  • Savant Systems Inc. 
  • Dialight plc 
  • Zumtobel Group AG  
  • TRILUX GmbH & Co. KG
  • Opple Lighting Co. Ltd. 
  • Seoul Semiconductor Co. Ltd. 
  • Others

Europe LED Lighting Market Report Snapshots

Europe LED Lighting Market Size

Europe LED Lighting Market Trends

Europe LED Lighting Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 20.03 billion.

The market is estimated to grow at a CAGR of 9.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 44.42 billion by 2032.

The market is being driven by the increased use of LED lighting due to its energy efficiency, growing demand for these lights in the residential sector.

The key trends aiding the market expansion include the growing adoption of LEDs due to their higher lifespan and the introduction of favourable government initiatives aimed at promoting the use of LED lighting.

The major product types in the market report are lamps and luminaires.

The major regional markets are Germany, the United Kingdom, France, Italy, and others.

The key players in the market are Acuity Brands Inc., Signify NV, Ams Osram AG, Eaton Corporation PLC, Savant Systems Inc., Dialight plc, Zumtobel Group AG, TRILUX GmbH & Co. KG, Opple Lighting Co. Ltd., and Seoul Semiconductor Co. Ltd., among others.

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Strategic Solutions for Informed Decision-Making

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-120-433-0800

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124