The Europe LED Lighting Market would witness market growth of 11.1% CAGR during the forecast period (2021-2027).
LEDs are extremely effective, reliable, and provide a higher life span, which would fuel their adoption rate in indoor as well as outdoor settings. These lights are cost-efficient in comparison to incandescent lights, offering approximately 50,000 hours of illumination with low consumption of energy. Less price of operation and decreased heat losses also make them an appropriate alternative for incandescent lights. The demand for the product is also boosted by technological developments, switch from traditional to green lighting, and improved energy-efficiency standards.
The installation of LED lighting is supported by the strict norms to ban or restrict the usage of inefficient lighting technologies and government rebate and retrofit programs, thereby boosting the market growth. LED lighting is relatively costly; though, it provides longer service life and better lumen power at less wattage in comparison to incandescent, CFL, and halogen light sources. In addition, the growth of the market would be boosted by the constantly reducing cost of LED lamps and luminaries and the availability of smart lighting solutions, along with updated energy policies around the world.
The Germany market dominated the Europe LED Lighting T Lamps Market by Country 2020, growing at a CAGR of 9.5 % during the forecast period. The UK market is exhibiting a CAGR of 9.8% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 11.4% during (2021 - 2027).
The Luminaires market dominated the Spain LED Lighting Market by Product 2020, thereby, achieving a market value of $1,238.9 million by 2027. The Lamps market is expected to witness a CAGR of 12.8% during (2021 - 2027).
Based on Product, the market is segmented into Luminaires and Lamps. Luminaires segment is further categorized into Downlights, Streetlights, Troffers and Others. Lamps segment is further bifurcated across A Lamps, T Lamps and Others. Based on Application, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial, Residential, Industrial and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dialight PLC, LSI Industries, Inc., Zumtobel Group AG, Heliospectra AB, Nichia Corporation, Seoul Semiconductor Co., Ltd., Lumileds Holding B.V., Signify N.V., Hubbell, Inc., and Acuity Brands Lighting, Inc.
Scope of the Study
Market Segments covered in the Report:
o A Lamps
o T Lamps
By End User
• Rest of Europe
• Dialight PLC
• LSI Industries, Inc.
• Zumtobel Group AG
• Heliospectra AB
• Nichia Corporation
• Seoul Semiconductor Co., Ltd.
• Lumileds Holding B.V.
• Signify N.V.
• Hubbell, Inc.
• Acuity Brands Lighting, Inc.
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Our reports have been used by over 10K customers, including:
The Global LED Lighting Market size is expected to reach $115.6 billion by 2027, rising at a market growth of 11.6% CAGR during the forecast period. A light-emitting diode (LED) refers to a semiconductor device that releases light when an electric current is sent through it. When the particles having current join together within the semiconductor...
The global explosion-proof lighting market size is estimated to be USD 340 million in 2021 and is projected to reach 471 million by 2026, at a CAGR of 6.7% during the forecast period. The market has a promising growth potential due to several factors, including the increasing investments in the oil & gas and chemical & pharmaceutical industries...
The Europe LED lighting market reached a value of US$ 16.7 Billion in 2020. A light-emitting diode (LED) refers to a semiconductor device that produces non-coherent and narrow-spectrum light when electricity passes through it. LED based lights are preferred over conventional lighting technologies as they are environment-friendly, have longer...
The Li-Fi Market was valued at USD 295.4 million in 2020 and is expected to reach USD 4157.38 million by 2026, at a CAGR of 69.7% over the forecast period 2021 - 2026. Li-Fi is a disruptive technology that is poised to impact many industries. The technology can unlock the potential of IoT, driving Industry 4.0 applications, and lead to the...
The Saudi Arabia LED lights market exhibited strong growth during 2015-2020. A light emitting diode, or LED, is a cost- and energy-efficient solution that offers broader applicability as compared to traditional lighting options. LED-based lights have a longer lifespan and considerable potential to reduce overall electricity...
The Asia Pacific LED Lighting Market would witness market growth of 11.7% CAGR during the forecast period (2021-2027). China, Indonesia, India, Vietnam, and Malaysia are the fastest developing countries in the Asia Pacific. These countries have a thriving construction industry as local and migrated populations are increasing at a rapid...
The North America LED flashlight and headlamp market is expected to grow from US$ 641.43 million in 2020 to US$ 901.32 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The COVID-19 outbreak impacted the market growth in a negative manner in 2020 due to the disruptions in supply chain and declined in demand from...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Europe Lighting Control System Market Report
The Europe lighting control system to grow at a CAGR of over 18% during 2021-2026
The European lighting control system market size was valued at USD 3 billion in 2020 and is expected to reach...
The LED driver market is valued at USD 5200.2 million in 2020, and is expected to reach USD 24,152.3 million in 2026, registering a CAGR of 29.28% during the forecast period (2021 - 2026). LED drivers have become the bottleneck of LED lighting, both in terms of size and reliability. They provide fundamental advantages for LED lighting with...
The PoE lighting market is projected to reach USD 922 million by 2026 from USD 243 million in 2021; it is expected to grow at a CAGR of 30.6% from 2021 to 2026. North America has the largest market share for PoE lighting. Whereas, APAC has the highest growth rate and is expected to grow at the highest CAGR during the forecast period owing...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.