Europe and Middle East Industrial & Commercial LED Lighting Market by Product and Application : Opportunity Analysis and Industry Forecast, 2019-2026
- March 2020 •
- 244 pages •
- Report ID: 5897519 •
- Format: PDF
The Europe and Middle East industrial & commercial LED lighting marketsize was valued at valued at $6.03 billion in 2018, and is projected to reach $21.96 billion by 2026, registering a CAGR of 17.2% from 2019 to 2026.
A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement of incandescent light sources. Some LEDs are called infrared-emitting diodes (IRED), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material called N-type semiconductors and P-type semiconductors, which are placed in direct contact to forms a region called P–N junction.
Factors such as high demand for cost-effective and energy-saving LED lighting, increase in government initiatives toward LED adoption, and surge in need to replace traditional lighting system are expected to fuel growth of the industrial and commercial LED lighting market in Europe and Middle East. However, vhigh initial cost of LED lighting system and voltage sensitivity & temperature dependence are expected to hinder the market growth. Conversely, surge in need for smart lighting is expected to offer lucrative opportunities for the market in Europe and Middle East.
The EME industrial & commercial LED lighting market is analyzed by product type, application, and country. By product type, the market is analyzed across LED Lamps and LED Fixture. By application, itis analyzed across commercial, outdoor, and Industrial. Commercial application is further segmented into hospitality, office, retail, and infrastructure. In addition, outdoor segment is further analyzed across urban landscape, streets & major roads, tunnel, and sports plants/large areas. Furthermore, industrial segment is further bifurcated into industrial plants and weather resistant/explosion proof. By country, the market analyzed across Spain, France, UK, Hungary, Saudi Arabia, UAE, Qatar, Kuwait, Turkey, Oman, Jordan, Nordic Countries, Balkan Countries, and rest of EMEA.
The Key players profiled in the report includeEaton Corporation Plc., Cree Inc., Panasonic Corporation, Acuty Brands, Inc., Dialight Plc., Osram Licht Ag, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
EUROPE AND MIDDLE EAST INDUSTRIAL & COMMERCIAL LED LIGHTING MARKET SEGMENTATION
• LED Lamps
• LED Fixture
o Hospitality (Hotels and Restaurants)
o Retail (Malls, Shopping Centers, and Shops)
o Infrastructure (Schools, Universities, Auditoriums, Libraries, Churches, Airports, Train Stations, Institutions)
o Urban Landscape
o Street and Major Roads
o Sports Plants/Large Areas
o Industrial Plants (Warehouse and Factories)
o Weather resistance/Explosion Proof
o Other Nordic Countries
• Balkan Countries
o Other Balkan Countries
• Rest of EME
KEY MARKET PLAYERS PROFILED
• Eaton Corporation
• Cree Inc.
• Acuty Brands, Inc.
• Dialight PLC
• Osram Licht AG
• Panasonic Corporation
• Koninklijke Philips N.V.
• Toshiba Corporation
• Zumtobel Group AG