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Europe LED Lighting Market Size, Share, Analysis, Forecast: By Product Type: Lamps, Luminaires; By Application: Indoor, Outdoor; By End Use: Commercial, Residential, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
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 Report Snapshots
Europe LED Lighting Market Size
Europe LED Lighting Market Trends
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global LED Lighting Market Overview
8.1 Key Industry Highlights
8.2 Global LED Lighting Historical Market (2018-2023)
8.3 Global LED Lighting Market Forecast (2024-2032)
8.4 Global LED Lighting Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe LED Lighting Market Overview
9.1 Key Industry Highlights
9.2 Europe LED Lighting Historical Market (2018-2023)
9.3 Europe LED Lighting Market Forecast (2024-2032)
10 Europe LED Lighting Market by Product Type
10.1 Lamps
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 A-Type
10.1.3.2 T-Type
10.1.3.3 Others
10.2 Luminaires
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Downlighting
10.2.3.2 Decorative Lighting
10.2.3.3 Directional Lighting
10.2.3.4 Others
11 Europe LED Lighting Market by Application
11.1 Indoor
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Outdoor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Europe LED Lighting Market by End Use
12.1 Commercial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Residential
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Europe LED Lighting Market by Country
13.1 Germany
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Kingdom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Trade Data Analysis (HS Code- 853950, 853951, 853952)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Acuity Brands Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Signify NV
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ams Osram AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Eaton Corporation PLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Savant Systems Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Dialight plc
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Zumtobel Group AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 TRILUX GmbH & Co. KG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Opple Lighting Co. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Seoul Semiconductor Co. Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global LED Lighting Market: Key Industry Highlights, 2018 and 2032
2. Europe LED Lighting Market: Key Industry Highlights, 2018 and 2032
3. Europe LED Lighting Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Europe LED Lighting Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Europe LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Europe LED Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Europe LED Lighting Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Europe LED Lighting Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Europe LED Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Europe LED Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Europe LED Lighting Market Structure
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.
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