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Europe LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

 

 
 

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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.

Key Market Segmentation:

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
  • United Kingdom
  • France
  • Italy
  • Spain
  • Others
     

Germany currently represents the largest market for LED lighting in the European region.

Breakup by Product Type:

 

 
 

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  • LED Lamps and Modules
  • LED Fixtures
     

LED lamps and modules currently dominate the market, holding the largest share.

Breakup by Installation:

  • New Installation
  • Replacement
     

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:

  • Residential
  • Retail and Hospitality
  • Outdoor
  • Offices
  • Architectural
  • Industrial
  • Others
     

LED lighting products find application in the residential sector of the region due to stringent regulations implemented by governing authorities.

Competitive Landscape:

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:

  • 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


Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Lighting Industry
    5.1    Global Lighting Market
        5.1.1    Market Overview
        5.1.2    Market Performance
        5.1.3    Market Breakup by Region
        5.1.4    Market Breakup by Technology
        5.1.5    Market Breakup by Application
        5.1.6    Market Forecast
    5.2    Global LED Lighting Market
        5.2.1    Market Overview
        5.2.2    Market Performance
        5.2.3    Market Breakup by Region
        5.2.4    Market Breakup by Product Type
        5.2.5    Market Breakup by Application
        5.2.6    Market Forecast
6   Europe Lighting Market
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Country
    6.4    Market Breakup by Technology
    6.5    Market Breakup by Application
    6.6    Market Forecast
7   Europe LED Lighting Market
    7.1    Market Overview
    7.2    Market Performance
    7.3    Impact of COVID-19
    7.4    Market Breakup by Country
    7.5    Market Breakup by Product Type
    7.6    Market Breakup by Installation
    7.7    Market Breakup by Application
    7.8    Market Forecast
    7.9    SWOT Analysis
        7.9.1    Overview
        7.9.2    Strengths
        7.9.3    Weaknesses
        7.9.4    Opportunities
        7.9.5    Threats
    7.10    Value Chain Analysis
        7.10.1    Overview
        7.10.2    Primary Raw Material Suppliers
        7.10.3    LED Chip Manufacturers
        7.10.4    LED Package and Manufacturers
        7.10.5    Lighting Products, Electronic Products and Automotive Parts Manufacturers
        7.10.5    Product Distribution
    7.11    Porters Five Forces Analysis
        7.11.1    Overview
        7.11.2    Bargaining Power of Buyers
        7.11.3    Bargaining Power of Suppliers
        7.11.4    Degree of Competition
        7.11.5    Threat of New Entrants
        7.11.6    Threat of Substitutes
    7.12    Key Market Drivers and Success Factors
    7.13    Key Risk Factors for LED Manufacturers
    7.14    Comparison of LED’s with Conventional Lighting Technologies
8   Price Analysis
    8.1    Key Price Indicators
    8.2    Price Structure
    8.3    Margin Analysis
9   Market Breakup by Country
    9.1    Germany
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    United Kingdom
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    France
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Italy
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Spain
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Others
        9.6.1    Market Trends
        9.6.2    Market Forecast
10   Market Breakup by Product Type
    10.1    LED Lamps and Modules
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    LED Fixtures
        10.2.1    Market Trends
        10.2.2    Market Forecast
11   Market Breakup by Installation
    11.1    New Installation
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Replacement
        11.2.1    Market Trends
        11.2.2    Market Forecast
12   Market Breakup by Application
    12.1    Residential
        12.1.1    Market Trends
        12.1.2    Market Forecast
    12.2    Outdoor
        12.2.1    Market Trends
        12.2.2    Market Forecast
    12.3    Retail and Hospitality
        12.3.1    Market Trends
        12.3.2    Market Forecast
    12.4    Offices
        12.4.1    Market Trends
        12.4.2    Market Forecast
    12.5    Industrial
        12.5.1    Market Trends
        12.5.2    Market Forecast
    12.6    Architectural
        12.6.1    Market Trends
        12.6.2    Market Forecast
    12.7    Others
        12.7.1    Market Trends
        12.7.2    Market Forecast
13   Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Cree Inc.
        13.3.2    Dialight PLC
        13.3.3    Eaton Corporation Inc. (Cooper Industries LLC)
        13.3.4    Osram Licht AG
        13.3.5    Panasonic Corporation
        13.3.6    Seoul Semiconductor Co., Ltd.
        13.3.7    Signify N.V. (Philips Inc.)
        13.3.8    TRILUX GmbH & Co. KG
        13.3.9    Zumtobel Group AG

List of Figures

Figure 1: Europe: LED Lighting Market: Major Drivers and Challenges
Figure 2: Global: Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Lighting Market: Breakup by Region (in %), 2021
Figure 4: Global: Lighting Market: Breakup by Technology (in %), 2021
Figure 5: Global: Lighting Market: Breakup by Application (in %), 2021
Figure 6: Global: Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: LED Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 8: Global: LED Lighting Market: Breakup by Region (in %), 2021
Figure 9: Global: LED Lighting Market: Breakup by Product Type (in %), 2021
Figure 10: Global: LED Lighting Market: Breakup by Application (in %), 2021
Figure 11: Global: LED Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 12: Europe: Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 13: Europe: Lighting Market: Breakup by Country (in %), 2021
Figure 14: Europe: Lighting Market: Breakup by Technology (in %), 2021
Figure 15: Europe: Lighting Market: Breakup by Application (in %), 2021
Figure 16: Europe: Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Europe: LED Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 18: Europe: LED Lighting Market: Breakup by Country (in %), 2021
Figure 19: Europe: LED Lighting Market: Breakup by Product Type (in %), 2021
Figure 20: Europe: LED Lighting Market: Breakup by Installation (in %), 2021
Figure 21: Europe: LED Lighting Market: Breakup by Application (in %), 2021
Figure 22: Europe: LED Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Europe: LED Lighting Industry: SWOT Analysis
Figure 24: Europe: LED Lighting Industry: Value Chain Analysis
Figure 25: Europe: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 26: SMD LED Industry: Margins Across Various Stages of the Supply Chain
Figure 27: Germany: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Germany: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United Kingdom: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United Kingdom: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: France: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: France: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Italy: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Italy: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Spain: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Spain: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Others: LED Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Others: LED Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Europe: LED Lighting (LED Lamps and Modules) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Europe: LED Lighting (LED Lamps and Modules) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: LED Lighting (LED Fixtures) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: LED Lighting (LED Fixtures) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: LED Lighting (New Installation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: LED Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: LED Lighting (Replacement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: LED Lighting (Replacement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: LED Lighting (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: LED Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: LED Lighting (Outdoor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: LED Lighting (Outdoor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: LED Lighting (Retail and Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: LED Lighting (Retail and Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: LED Lighting (Offices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: LED Lighting (Offices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: LED Lighting (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: LED Lighting (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: LED Lighting (Architectural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: LED Lighting (Architectural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: LED Lighting (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: LED Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Lighting Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: LED Lighting Market: Key Industry Highlights, 2021 and 2027
Table 3: Europe: Lighting Market: Key Industry Highlights, 2021 and 2027
Table 4: Europe: LED Lighting Market: Key Industry Highlights, 2021 and 2027
Table 5: Comparison of LED’s with Incandescent Bulb and Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
Table 6: Comparison of LED’s with Incandescent Bulb and Compact Fluorescent Lamps (Based on LuminuousFlux)
Table 7: Europe: LED Lighting Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 8: Europe: LED Lighting Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 9: Europe: LED Lighting Market Forecast: Breakup by Installation (in Million US$), 2022-2027
Table 10: Europe: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 11: Europe: LED Lighting Market: Competitive Structure
Table 12: Europe: LED Lighting Market: Key Players


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Key Questions Answered in This Report

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
market share.

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.

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