Summary

The Europe LED lighting market size reached US$ 22.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032. The increasing awareness about the environmentally friendly attributes of LED lights, the introduction of cost-effective intelligent LED lighting solutions with enhanced controls, and the growing integration of LED lights in the automotive industry are among the key factors driving the market growth.

LED lighting is a highly efficient and innovative technology that has revolutionized the way we illuminate spaces. Unlike traditional incandescent or fluorescent bulbs, LEDs work by passing an electrical current through a semiconductor material, causing it to emit light. This process, known as electroluminescence, generates minimal heat compared to other lighting methods, making LEDs not only energy-efficient but also remarkably durable. One of the key features that set LED lighting apart is its impressive lifespan, often lasting tens of thousands of hours, reducing the need for frequent replacements. LEDs offer exceptional versatility in terms of color options and intensity, allowing for a wide range of applications from ambient lighting to task-specific illumination.

The increasing knowledge among individuals about the energy-efficient characteristics and environmentally friendly attributes of LED lights is driving the market in Europe. The rapid adoption of LED lights by consumers is a result of their manifold benefits compared to traditional lighting technologies. Additionally, the market is experiencing a positive impact due to the growing integration of LED lights in the automotive industry for manufacturing rear lamps, headlamps, turn signals, and brake lights. The confluence of these factors is fostering the overall market growth. Furthermore, the combination of rapid urbanization, decreasing costs of LED products, the introduction of cost-effective intelligent LED lighting solutions with enhanced controls, and upcoming smart building projects collectively contribute to a favorable market outlook in Europe. Besides, they offer significant cost savings over their lifespan due to their lower energy consumption and longer operational life. This cost-effectiveness makes them an attractive option for businesses and individuals looking to reduce their long-term energy expenses.

Europe LED Lighting Market Trends/Drivers:
Energy Efficiency and Environmental Concerns

Traditional incandescent and fluorescent lighting technologies are notorious for their inefficiency, with a significant portion of energy converted into heat rather than light. In contrast, LEDs operate on a fundamentally different principle, where electrons in a semiconductor material release energy in the form of photons, producing light with minimal wasted energy as heat. This inherent efficiency results in LED bulbs consuming significantly less electricity to produce the same level of illumination as their counterparts. As energy costs rise and climate change concerns intensify, governments, businesses, and consumers are actively seeking alternatives that reduce energy consumption and carbon footprints. This drive towards energy efficiency has fueled the adoption of LED lighting, both in residential and commercial settings, as a means to achieve substantial energy savings and contribute to overall environmental sustainability goals.

Continual Technological Advancements and Innovations

Presently, significant breakthroughs in LED design, manufacturing processes, and semiconductor materials have led to enhanced luminous efficacy, improved color rendering, and reduced costs of production. These advancements have not only elevated the overall quality and performance of LED lighting but have also widened its application scope. The introduction of smart lighting systems that allow users to control brightness, color, and scheduling through connected devices has revolutionized the way lighting is experienced and managed. Additionally, innovations such as organic LEDs (OLEDs) have unlocked new possibilities for flexible and transparent lighting solutions, enabling creative architectural and design applications. As research and development continue to push the boundaries of LED technology, the market remains vibrant and dynamic, attracting investment and fostering a competitive landscape where manufacturers strive to deliver cutting-edge solutions that cater to evolving customer demands.

Europe LED Lighting Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe LED lighting market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type, installation and application.

Breakup by Product Type:

LED Lamps and Modules
LED Fixtures

LED lamps and modules holds the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes LED lamps and modules, and LED fixtures. According to the report, LED lamps and modules represented the largest segment.

LED lamps and modules including bulbs designed to replace traditional incandescent, halogen, and compact fluorescent lamps, have gained immense popularity due to their exceptional energy efficiency, longevity, and versatility. These lamps are available in an assortment of shapes, sizes, and color temperatures, offering consumers a wide range of options to suit their lighting needs, whether for residential, commercial, or industrial spaces. Additionally, LED modules, which consist of integrated LED light sources often used in downlights, track lighting, and fixtures, contribute significantly to this product type's dominance. LED modules offer advantages such as precise light distribution, reduced glare, and seamless integration into luminaires, making them an ideal choice for professional lighting applications. The appeal of LED lamps and modules lies not only in their energy-saving attributes but also in their compatibility with emerging smart lighting technologies.

Breakup by Installation:

New Installation
Replacement

New installation holds the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the installation. This includes new installation and replacement. According to the report, new installation represented the largest segment.

New installation refers to the implementation of LED lighting solutions in entirely new buildings or structures, whether they are residential, commercial, or industrial in nature. The increasing recognition of LED lighting's numerous benefits, from its energy-saving potential to its longer lifespan and reduced maintenance requirements, LED lighting aligns with the demands of modern construction practices that prioritize sustainability and operational cost efficiency. As regulations and building codes evolve to mandate energy-efficient solutions, architects, developers, and contractors are inclined to incorporate LED lighting systems from the outset. Furthermore, the integration of LED lighting technology with architectural designs has transformed lighting into an artistic expression, where light fixtures are considered integral elements in shaping a space's ambiance. This fusion of technology and design has led to collaborations between lighting designers, architects, and interior decorators to create captivating visual effects and personalized lighting environments.

Breakup by Application:

Residential
Outdoor
Retail and Hospitality
Offices
Industrial
Architectural
Others

Residential holds the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes residential, outdoor, retail and hospitality, offices, industrial, architectural, and others. According to the report, residential represented the largest segment.

LED lighting's energy efficiency aligns perfectly with the growing societal emphasis on sustainability and energy conservation. In the residential sector, where lighting constitutes a significant portion of energy consumption, LEDs offer a compelling solution to reduce electricity bills and minimize environmental footprints. The long lifespan of LED bulbs further contributes to these advantages by reducing the need for frequent replacements, translating to both cost savings and reduced waste. Additionally, the versatility and adaptability of LED lighting play a pivotal role in its widespread adoption within residential spaces. LEDs are available in a spectrum of color temperatures and can be dimmed or brightened as needed, allowing homeowners to customize their environments to match different moods and activities. This flexibility extends beyond traditional lighting fixtures, with LED strips, under-cabinet lighting, and accent lighting offering creative ways to enhance interior aesthetics and create unique visual effects.

Breakup by Country:

Germany
United Kingdom
France
Italy
Spain
Others

Germany exhibits a clear dominance, accounting for the largest Europe LED lighting share

The report has also provided a comprehensive analysis of all the major regional markets, which include Germany, the United Kingdom, France, Italy, Spain, and others. According to the report, Germany accounted for the largest market share.

Germany's rising emphasis on energy efficiency and environmental sustainability aligns seamlessly with the core attributes of LED lighting technology. The nation's proactive approach to addressing climate change and reducing energy consumption has led to a robust demand for energy-efficient lighting solutions. LED lighting's capacity to deliver substantial energy savings while maintaining superior illumination quality has resonated with both businesses and consumers seeking to align with Germany's stringent environmental standards and regulations. The country's thriving industrial and technological sectors play a pivotal role in driving LED innovation. With a robust ecosystem of research institutions, manufacturers, and designers, Germany remains at the forefront of developing cutting-edge LED products that cater to diverse applications and industries. This innovation is not limited to the commercial realm; it extends to the design and creation of advanced lighting systems for smart cities, transportation networks, and industrial facilities.

Competitive Landscape:
Several companies are heavily investing significantly in R&D to develop cutting-edge LED lighting technologies. This includes advancements in LED chip design, thermal management, color accuracy, and efficiency. R&D efforts are also focused on integrating smart technology features, such as connectivity and controls, to offer consumers more sophisticated and customizable lighting solutions. Moreover, LED lighting manufacturers are expanding their product portfolios to cater to a wide range of applications. This includes developing LED lamps and fixtures tailored to different settings, such as residential, commercial, industrial, and outdoor lighting. Diversification helps companies address diverse customer needs and capture a larger market share. Also, companies are focusing on smart lighting solutions that can be integrated into home automation systems and controlled through smartphones or voice assistants. This includes the development of smart LED bulbs, lighting strips, and fixtures that offer features, including color changing, dimming, and scheduling.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the 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

Key Questions Answered in This Report

1. What was the size of the Europe LED lighting market in 2023?
2. What is the expected growth rate of the Europe LED lighting market during 2024-2032?
3. What are the key factors driving the Europe LED lighting market?
4. What has been the impact of COVID-19 on the Europe LED lighting market?
5. What is the breakup of the Europe LED lighting market based on the product type?
6. What is the breakup of the Europe LED lighting market based on the installation?
7. What is the breakup of the Europe LED lighting market based on the application?
8. What are the key regions in the Europe LED lighting market?
9. Who are the key players/companies in the Europe LED lighting market?

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Table of Contents

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
7.10.6 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$), 2018-2023
Figure 3: Global: Lighting Market: Breakup by Region (in %), 2023
Figure 4: Global: Lighting Market: Breakup by Technology (in %), 2023
Figure 5: Global: Lighting Market: Breakup by Application (in %), 2023
Figure 6: Global: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
Figure 8: Global: LED Lighting Market: Breakup by Region (in %), 2023
Figure 9: Global: LED Lighting Market: Breakup by Product Type (in %), 2023
Figure 10: Global: LED Lighting Market: Breakup by Application (in %), 2023
Figure 11: Global: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 12: Europe: Lighting Market: Sales Value (in Billion US$), 2018-2023
Figure 13: Europe: Lighting Market: Breakup by Country (in %), 2023
Figure 14: Europe: Lighting Market: Breakup by Technology (in %), 2023
Figure 15: Europe: Lighting Market: Breakup by Application (in %), 2023
Figure 16: Europe: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 17: Europe: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
Figure 18: Europe: LED Lighting Market: Breakup by Country (in %), 2023
Figure 19: Europe: LED Lighting Market: Breakup by Product Type (in %), 2023
Figure 20: Europe: LED Lighting Market: Breakup by Installation (in %), 2023
Figure 21: Europe: LED Lighting Market: Breakup by Application (in %), 2023
Figure 22: Europe: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
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$), 2018 & 2023
Figure 28: Germany: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: United Kingdom: LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: United Kingdom: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: France: LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: France: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Italy: LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Italy: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Spain: LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Spain: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Others: LED Lighting Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Others: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Europe: LED Lighting (LED Lamps and Modules) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Europe: LED Lighting (LED Lamps and Modules) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Europe: LED Lighting (LED Fixtures) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Europe: LED Lighting (LED Fixtures) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Europe: LED Lighting (New Installation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Europe: LED Lighting (New Installation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Europe: LED Lighting (Replacement) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Europe: LED Lighting (Replacement) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: LED Lighting (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: LED Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Europe: LED Lighting (Outdoor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Europe: LED Lighting (Outdoor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: LED Lighting (Retail and Hospitality) Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: LED Lighting (Retail and Hospitality) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: LED Lighting (Offices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: LED Lighting (Offices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: LED Lighting (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: LED Lighting (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Europe: LED Lighting (Architectural) Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Europe: LED Lighting (Architectural) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: LED Lighting (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: LED Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
Table 1: Global: Lighting Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: LED Lighting Market: Key Industry Highlights, 2023 and 2032
Table 3: Europe: Lighting Market: Key Industry Highlights, 2023 and 2032
Table 4: Europe: LED Lighting Market: Key Industry Highlights, 2023 and 2032
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$), 2024-2032
Table 8: Europe: LED Lighting Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 9: Europe: LED Lighting Market Forecast: Breakup by Installation (in Million US$), 2024-2032
Table 10: Europe: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 11: Europe: LED Lighting Market: Competitive Structure
Table 12: Europe: LED Lighting Market: Key Players