Europe LED Lighting Market Analysis

Europe LED Lighting Market Analysis

Lamps are gaining a high popularity among residential, commercial, and institutional applications in the Europe LED lighting market. The transformation of traditional households, offices, government buildings, etc., to deploy new lighting systems generated a high demand for LED lamps. These products offered by companies such as Philips, General Electric, Osram, etc., are made available in local markets through the flagship, retail outlets, and brand outlets.

In order to save on electricity bills and gain the advantage of long-lasting benefits, several households, restaurants, and offices are shifting toward the replacement of conventional halogen & incandescent lamps. Moreover, the new bulb rules set by the European Commission include the replacement of all household bulbs with LED lamps, fueling Europe LED lighting market demand. These products experience high per unit sales as compared to luminaires due to their high sales ratio in local markets through the local stores.

The construction of several new buildings & public facilities in all industry verticals is escalating the demand for newly installed systems in the Europe LED lighting market. The development of new residential, commercial, and industrial setting is creating increased requirements for energy-efficient lighting. In new installations, LEDs provide the cost-saving benefits as they are deployed at the time of the construction with appropriate light fittings, unlike retrofit installations.

The transformation of building architecture & interiors and the need to incorporate intelligent lighting control systems are also driving the demand for new installation setting. Additionally, to comply with European regulations and to support energy conservation initiatives, new construction project owners are moving toward LED lighting systems. The development of public & private infrastructure facilities such as hotels, restaurants, and healthcare facilities including hospitals, elderly care homes, etc., is a major factor responsible for the installation of these system in the Europe LED lighting market.

Rapidly-increasing lighting requirement to provide better customer experiences and illuminated atmosphere in retail stores, restaurants, hospitality facilities, etc., is accelerating the Europe LED lighting market size in commercial sector. The retail store owners gain several benefits from these systems such as increased customer walk-ins, better shelf projectivity, and mood setting due to the illumination capabilities. The incorporation of LEDs into shelves, display systems, and trial rooms gains customer attraction and compels them to purchase the items.

Moreover, these products also aid in saving the electricity cost and add up to the CO2 reduction initiatives in commercial settings. Official buildings are also increasingly deploying these systems due to high electricity consumption in conventional lights and the transformation to intelligent lighting control technologies accelerating the Europe LED lighting market. LEDs provide mood-changing features to employees and create professional environment by providing the situation-based light changing features. In order to provide efficient and healthy lighting facilities to employees, several organizations in Europe are utilizing intelligent lighting systems and LED products, further supporting the industry growth.

Increasing instances of night light emissions that include unequal brightness in different areas under the traditional lights are leading to the replacement trend in the Germany LED lighting market. According to a study in Germany, the growing night-light emissions create different lighting atmospheres in different places and changes in the outdoor lighting systems. To reduce the impacts of such emissions, the outdoor lighting in several regions has been replaced by LEDs. Moreover, the advancements in industry verticals, such as automotive, hospitality, commercial, and manufacturing sectors, are creating chances for the transformation of lighting systems. The cost-saving benefits associated with LEDs account for the deployment of such systems in newly-developed projects. Moreover, the provision of LED products by leading industry players through their online and retail sales channels is driving the Europe LED lighting market growth.