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Europe LED Lighting Market Analysis Report – By Application (Lamps & luminaire), By Installation (New Installation & Retrofit Installation), By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe) – Industry Analysis on Size, Share, Growth, Trends & Forecast | 2022 to 2027

Published: January, 2022
ID: 9030
Pages: 100
Formats: report pdf report excel report power bi report ppt

Europe LED Lighting Market Size, Trends & Growth (2021 - 2026)

By 2026, the European LED lighting market is projected to reach USD 30,1 billion, registering a CAGR of 15.5% during the period 2021 – 2026.

LED lamps are very effective in consuming energy and emit light with full brightness immediately. Multiple LEDs are used in the lighting applications where the circuit exhibits superior characteristics like heat dissipation and light distribution. The design of the lamps is made according to the applications with a different temperature range.

The rise in the demand for advanced lighting systems is a key driving factor for the market to grow extensively. Increasing concern towards environment safety is additionally fueling the demand of the market in this region.

However, rapid changes in economic strategies are slowly degrading the demand of the market. Rise in failures due to manufacturing defects is limiting the growth of the market.

Growing support from the government through investments in the electronics and electrical industries is to surge growth opportunities for the European market. Furthermore, the market is lavished by increasing disposable income in urban areas.

This report on Europe LED Lighting Market has been segmented & sub-segmented into the following categories:

  • By Application: Lamps and Luminaire

  • By Installation: New Installation and Retrofit Installation

  • By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe

On the basis of application, the Lamps segment is accounted for in holding the largest shares of the market by owing to the rise in the manufacturing of innovative products in favor of the end-user industries.

On the basis of installation, the Retrofit installations segment is leading with prominent shares of the regional market. Increasing repairs and replacement of older lamps with new ones is spurring the demand of the market.

Geographically, Europe witnessed the fastest growth rate over the past few years and is also expected to have the highest CAGR in foreseen years by owing to the emergence of the latest technological developments and launch of various techniques in manufacturing procedures. The trend towards energy-efficient lightings and also for cost-efficient products are leveraging the demand of the market. Increasing the construction of smart home buildings is prompting the growth of the market extensively. Growing priority for the long life products with energy efficiency is gearing up the demand of the market in this vicinity.

Key market participants in the Europe LED lighting market are Cree, Inc., Osram GmbH, Digital Lumens Inc., Eaton, Signify Holding, General Electric and Dialight.

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