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Europe LED Lighting Market: Reliable Industy Size and CAGR Predictions for 2020-2024

Author : Ronak Bora | Published Date : 2020-09-08 

Europe LED lighting market, in the recent years has emerged to a fertile investment ground for potential investors. The LED (light-emitting diode) technology, of late, has been gaining traction form variety of reasons, but most notably because of its extended lifespan, lower maintenance, and low energy consumption abilities.

In addition, given the strict regulations and energy norms in Europe toward energy efficient solutions, it wouldn’t be wrong to quote that Europe LED lighting market share would soar several notches up in the years to come.

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The demand for luminaire LED lighting products has inflated due to their significant incorporation in the lighting systems of office, restaurants, and hotels as they render sophisticated and aesthetic designs. Advanced luminaries provide human-centric lighting capabilities, which are highly used in elderly care homes and healthcare organizations. Luminaries can be easily integrated with smart lighting control systems, which is likely to further foster Europe LED lighting market growth.

European Union has drafted various energy policies to tackle the intensifying problem of climate change. Various government agencies are encouraging the adoption of energy-efficient lighting solutions, which has triggered industry demand. Also, LED lamps & luminaries are witnessing increased demand in retrofit settings as they are energy-efficient, which results in significant cost savings. Investment on LED-based streetlighting projects is also likely to propel Europe LED lighting market growth. Also, residential projects in the European Union are contributing to enhancing deployment of LED lights, which will translate into additional demand for LED lights.

Top Key Players In Europe LED Lighting Market are Acuity Brands Inc., Cooper Industries, Inc., Cree, Inc., Dialight, Endo Lighting Corporation, Shanghai Feilo Acoustics Co. Ltd., General Electric Company, Hubbell Incorporated, Iwasaki Electric Co. Ltd., LG Innotek Co. Ltd., Nichia Corporation, Ocean's King Lighting Science & Technology Co. Ltd., OPPLE Lighting Co. Ltd. , OSRAM Opto Semiconductors GmbH , Panasonic Corporation, Philips Lighting Holding B.V., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd. , Sharp Corporation, GreenStar Products, Inc., Virtual Extension, The Zumtobel Group AG

Rapid adoption of LED lighting solutions across the residential sector is a key impetus driving industry growth. European citizens have started installing LEDs in houses, offices, and apartments as a result of promotions carried out by government for the use of energy-efficient lights. Energy policies introduced by the EU to limit CO2 emissions, global warming, and climatic changes will contribute to expanding Europe LED lighting industry size. Additionally, construction of new buildings with smart lighting may trigger Europe LED lighting market demand.

Table Of Content:

Chapter 5  Europe LED Lighting Market, By Installation

5.1  Key trends by installation

5.2  New installation

5.2.1  Market size & forecast, 2013 - 2024

5.3  Retrofit

5.3.1  Market size & forecast, 2013 - 2024

Chapter 6  Europe LED Lighting Market, By End-Use

6.1  Key trends by end-use

6.2  Residential

6.2.1  Market size & forecast, 2013 - 2024

6.3  Commercial

6.3.1  Market size & forecast, 2013 - 2024

6.4  Industrial

6.4.1  Market size & forecast, 2013 - 2024

6.5  Institutional

6.5.1  Market size & forecast, 2013 - 2024

6.6  Elderly care

6.6.1  Market size & forecast, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/europe-led-lighting-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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