Europe LED Lighting Market (2023-2029) | Trends, Share, Revenue, Growth, Companies, Industry, COVID-19 IMPACT, Size, Forecast, Analysis & Value

Europe LED Lighting Market Highlights

Report Name	Europe LED Lighting Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	10.9%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Product, By Type, By Distribution Channel
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in the Europe LED Lighting Market

Europe LED Lighting Market report thoroughly covers the market by countries, by installation, by product type, by sales channel, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe LED Lighting Market Synopsis

Europe LED Lighting Market is one of the largest globally, driven by energy efficiency initiatives and technological advancements. The market is characterized by high competition among well-known companies and the advent of groundbreaking startups. The Europe LED Lighting Market size has experienced substantial growth over the past decade, primarily driven by the region's emphasis on energy efficiency, government regulations promoting LED adoption, and technological advancements. In general, LED lighting is widely used in residential, commercial, industrial, and outdoor lighting applications. Additionally, LEDs have found applications in sectors like automotive lighting, healthcare, horticulture, and architectural lighting.

According to 6Wresearch, the Europe LED Lighting Market is anticipated to grow at a CAGR of 10.9% during the forecast period of 2023-2029. The primary factors stimulating the market growth are stringent regulations promoting energy-efficient lighting solutions, increasing awareness of environmental issues encourages the use of energy-saving lighting alternatives, and ongoing innovations in LED technology. However, there are several challenges present in the market which are predicted to hamper the Europe LED Lighting Market Growth over the years. For instance, initial investment costs for LED lighting are higher, deterring some consumers and businesses. In addition, rapid advancements in LED technology may lead to concerns about obsolescence. Apart from this, integration with IoT and smart home systems is a growing trend, offering enhanced control and energy savings. Moreover, there is an increasing focus on lighting solutions that mimic natural light to improve well-being and productivity.

Government policies and schemes introduced in the Europe LED Lighting Market

The European Union (EU) has been implementing regulations to improve the energy efficiency of products. The Eco-design and Energy Labelling Regulations set minimum energy efficiency requirements for lighting products. Additionally, EU Ecodesign Directive policy aims to improve the environmental performance of products by setting requirements for energy efficiency and other environmental criteria.

The influence of COVID-19 on the Europe LED Lighting Market

The COVID-19 pandemic had adversely affected the Europe LED Lighting Industry as global pandemic leads to supply chain disruptions. Lockdowns and disruptions in global supply chains impacted the availability of raw materials and finished LED lighting products. With economic uncertainties and changing consumer behavior, there were fluctuations in demand for LED lighting products. There was an increased focus on lighting solutions that support health and well-being, such as circadian lighting, which simulates natural light patterns.

Leading players in the Europe LED Lighting Market

Some of the prominent names of industry leaders are;

• Philips Lighting
• Osram
• Zumtobel Group
• Tridonic
• Schneider Electric

Europe LED Lighting Market News

Europe has been at the forefront of adopting LED lighting technology due to its energy efficiency and great durability. Governments in various European countries have been implementing policies to promote the use of LED lighting. For instance, the European Union (EU) has been enforcing strict energy efficiency regulations, including phasing out less efficient lighting technologies. This has been a significant driver for the Europe LED Lighting Market 2023. The integration of LED technology with smart controls and IoT (Internet of Things) capabilities has been a growing trend. This allows for more advanced lighting management and customization. Some European governments offer incentives and tax breaks to encourage the adoption of energy-efficient lighting solutions. Moreover, LED lighting has become increasingly popular in residential settings. Consumers appreciate the energy savings and the availability of a wide range of color temperatures and designs.

Market analysis by Countries

By countries, Germany has been a major leader in the adoption of LED lighting technology as it has stringent energy efficiency regulations and incentives for energy-saving technologies.

Market analysis by Sales Channel

According to Vasudha, Senior Research Analyst, 6Wresearch, Online sales channels are gaining popularity as it offers a convenient way to purchase LED lighting products.

Market analysis by Applications

By Applications, LED lighting is extensively used for indoor applications in homes, retail spaces, and healthcare facilities. Outdoor applications include street lighting and industrial lighting, with a focus on energy efficiency and durability.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Europe LED Lighting Market Outlook
• Market Size of Europe LED Lighting Market, 2022
• Forecast of Europe LED Lighting Market, 2029
• Historical Data and Forecast of Europe LED Lighting Revenues & Volume for the Period 2019 - 2029
• Europe LED Lighting Market Trend Evolution
• Europe LED Lighting Market Drivers and Challenges
• Europe LED Lighting Price Trends
• Europe LED Lighting Porter's Five Forces
• Europe LED Lighting Industry Life Cycle
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Europe LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Germany LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of United Kingdom LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of France LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Italy LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Russia LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Spain LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Rest of Europe LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Europe LED Lighting Market - Key Performance Indicators
• Europe LED Lighting Market - Import Export Trade Statistics
• Europe LED Lighting Market - Opportunity Assessment By Countries
• Europe LED Lighting Market - Opportunity Assessment By Installation
• Europe LED Lighting Market - Opportunity Assessment By Product Type
• Europe LED Lighting Market - Opportunity Assessment By Sales Channel
• Europe LED Lighting Market - Opportunity Assessment By Application
• Europe LED Lighting Market - Top Companies Market Share
• Europe LED Lighting Market - Top Companies Profiles
• Europe LED Lighting Market - Comparison of Players in Technical and Operating Parameters
• Europe LED Lighting Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• Germany
• United Kingdom
• France
• Italy
• Russia
• Spain
• Rest Of Europe

By Installation

• New
• Retrofit

By Product Type

• Lamps
• Luminaires

By Sales Channel

• Retail/Wholesale
• Direct Sales
• E-Commerce

By Application

• Indoor
• Outdoor

Frequently Asked Questions About the Market Study (FAQs):