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 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.
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