The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Europe LED lighting market reached a value of US$ 18.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.5 Billion by 2027, exhibiting a CAGR of 11.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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 life span, are energy efficient and have low power consumption. With the lighting industry transformation towards LED sources and solid-state lighting, Europe represents one of the most innovative lighting markets across the globe.
A key factor driving the demand of LED products in Europe has been the European Union’s policy measures banning the sale of inefficient lighting technologies. In 2009, Europe phased out incandescent lamps in the region. In 2016, directional halogen lamps were also phased out. Similarly, in September 2018, the region also banned the sale of non-directional halogen lamps. These policy measures have facilitated consumers to gradually replace their traditional lighting products with LED technology-based products. Moreover, to generate cost-savings for consumers, switching to energy efficient LED lights have provided significant environmental benefits. The high energy costs in the region are forcing households, public investors and governments to consider energy saving lighting solutions. The governments across the region are also providing subsidies and incentives to increase the adoption of LED products among consumers and phasing out older and less efficient technologies to enhance the overall efficiency of the lighting industry in Europe. Other key factors driving the demand of LED products in Europe include infrastructure growth, upcoming smart building projects and decline in the average prices of LEDs.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe LED lighting market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, installation and application.
Breakup by Country:
Germany currently represents the largest market for LED lighting in the European region.
Breakup by Product Type:
LED lamps and modules currently dominate the market, holding the largest share.
Breakup by Installation:
There is an increase in the new installation of LED lighting solutions across Europe on account of the growing adoption of efficient lighting technologies.
Breakup by Application:
LED lighting products find application in the residential sector of the region due to stringent regulations implemented by governing authorities.
The report has also examined the competitive landscape of the market and provides the profiles of the key players operating in the industry. Some of the key players operating in the market are:
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Installation, Application, Country|
|Countries Covered||Germany, United Kingdom, France, Italy, Spain, Others|
|Companies Covered||Cree Inc., Dialight PLC, Eaton Corporation Inc. (Cooper Industries LLC), Osram Licht AG, Panasonic Corporation, Seoul Semiconductor Co., Ltd., Signify N.V. (Philips Inc.), TRILUX GmbH & Co. KG and Zumtobel Group AG|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The Europe LED lighting market was valued at US$ 18.1 Billion in 2021.
We expect the Europe LED lighting market to exhibit a CAGR of 11.3% during 2022-2027.
The rising number of modern housing projects, along with the increasing demand for energy-efficient
lighting systems, such as LED lights, are currently driving the Europe LED lighting market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several European countries resulting in temporary closure of numerous
manufacturing units and supply chain disruptions of LED lights.
Based on the product type, the Europe LED lighting market can be segmented into LED lamps and
modules and LED fixtures. Among these, LED lamps and modules currently hold the majority of the total
Based on the installation, the Europe LED lighting market has been divided into new installation and
replacement. Currently, new installation exhibits a clear dominance in the market.
Based on the application, the Europe LED lighting market can be categorized into residential, retail and
hospitality, outdoor, offices, architectural, industrial, and others. Among these, the residential sector
accounts for the largest market share.
On a regional level, the market has been classified into Germany, United Kingdom, France, Italy, Spain,
and Others, where Germany currently dominates the Europe LED lighting market.
Some of the major players in the Europe LED lighting market include Cree Inc., Dialight PLC, Eaton
Corporation Inc. (Cooper Industries LLC), Osram Licht AG, Panasonic Corporation, Seoul Semiconductor
Co., Ltd., Signify N.V. (Philips Inc.), TRILUX GmbH & Co. KG, Zumtobel Group AG., etc.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at