LED Lighting in Europe
Summary
LED Lighting in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- LED lamps or luminaires are long-lasting and provide quality lighting than fluorescent or compact fluorescent or halogen incandescent or incandescent light bulbs. In LED lighting, LEDs are incorporated into lamps and luminaires for general lighting purposes. Both indoor and outdoor LED lighting are in our scope. Indoor LED lighting includes A-Type, decorative, directional, small directional, downlighting, linear fixture, and low/high bay. Outdoor LED lighting scope includes street/roadway, parking garage, parking lot, and building exterior.
- The European LED lighting market recorded revenues of $15,866.5 million in 2024, representing a compound annual growth rate (CAGR) of 4.4% between 2019 and 2024.
- The residential segment accounted for the market's largest proportion in 2024, with total revenues of $5,934.2 million, equivalent to 37.4% of the market's overall value.
- Rising consumer purchasing power has fueled the adoption of advanced lighting technologies, including LED fixtures, in both residential and commercial settings. According to Eurostat, the gross disposable income per household in Germany reached EUR57,984.2 ($61.463.4) in 2024, an increase of 3.5% from the previous year, which has reinforced the demand for energy-efficient products like LED lighting.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the led lighting market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the led lighting market in Europe
- Leading company profiles reveal details of key led lighting market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe led lighting market with five year forecasts by both value and volume
- What was the size of the Europe led lighting market by value in 2024?
- What will be the size of the Europe led lighting market in 2029?
- What factors are affecting the strength of competition in the Europe led lighting market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe's led lighting market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Signify NV
- 8.2. Ledvance GmbH
- 8.3. OSRAM Licht AG
- 8.4. Zumtobel Group AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Europe LED lighting market value: $ million, 2019-24
- Table 2: Europe LED lighting market category segmentation: % share, by value, 2019-24
- Table 3: Europe LED lighting market category segmentation: $ million, 2019-24
- Table 4: Europe LED lighting market geography segmentation: $ million, 2024
- Table 5: Europe LED lighting market value forecast: $ million, 2024-29
- Table 6: Signify NV: Key Facts
- Table 7: Signify NV: annual financial ratios
- Table 8: Signify NV: key employees
- Table 9: Ledvance GmbH: Key Facts
- Table 10: Ledvance GmbH: key employees
- Table 11: OSRAM Licht AG: Key Facts
- Table 12: OSRAM Licht AG: annual financial ratios
- Table 13: OSRAM Licht AG: key employees
- Table 14: Zumtobel Group AG: Key Facts
- Table 15: Zumtobel Group AG: annual financial ratios
- Table 16: Zumtobel Group AG: key employees
- Table 17: Europe Size of Population (Million), 2020-24
- Table 18: Europe Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 19: Europe GDP (Current Prices, $ Billion), 2020-24
- Table 20: Europe Inflation, 2020-24
- Table 21: Europe Consumer Price Index (Absolute), 2020-24
- Table 22: Europe Exchange Rate, 2019-24
- List of Figures
- Figure 1: Europe LED lighting market value: $ million, 2019-24
- Figure 2: Europe LED lighting market category segmentation: $ million, 2019-24
- Figure 3: Europe LED lighting market geography segmentation: % share, by value, 2024
- Figure 4: Europe LED lighting market value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the LED lighting market in Europe, 2024
- Figure 6: Drivers of buyer power in the LED lighting market in Europe, 2024
- Figure 7: Drivers of supplier power in the LED lighting market in Europe, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the LED lighting market in Europe, 2024
- Figure 9: Factors influencing the threat of substitutes in the LED lighting market in Europe, 2024
- Figure 10: Drivers of degree of rivalry in the LED lighting market in Europe, 2024
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