Europe LED Lighting Market Set for Huge Growth in the Near Future | Acuity Brands, Cree, Dialight, Hubbell, Opple Lighting, Philips Lighting, Sharp Electronics Corporation USA

Europe LED Lighting Market is anticipated to grow over the forecast timeframe due to the factors such as increasing demand for energy efficient lighting solutions, need to cut-down electricity related costs, high disposable income, rising investments in infrastructure which include roadways, construction of new offices, residential complexes, parks, hotels, etc. among others.

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Elderly care homes and healthcare facilities are the emerging segments in the Europe LED lighting market owing to the development of patient-centric facilities and the focus on providing the residents’ comfort & security. To keep elderly home residents in a secure atmosphere and to maintain their health, the care centers are adopting facility transformation initiatives that include the replacement of conventional lighting systems with the innovative LED technologies. These lighting units improve the residents’ moods and provide appropriate illumination & brightness that will support the eyesight of the elderly people.

The key players covered in this study: -
• Acuity Brands
• Cooper Industries, Inc.
• Cree
• Dialight
• ENDO Lighting Corporation
• Shanghai Feilo Acoustics Co., Ltd.
• GE
• Hubbell Incorporated
• Iwasaki Electric Co Ltd
• LG Innotek
• Nichia Corporation
• Ocean's King Lighting Science & Technology Co., Ltd
• Opple Lighting
• OSRAM Opto Semiconductors GmbH
• Panasonic
• Philips Lighting
• Samsung Electronics
• Seoul Semiconductor
• Sharp Electronics Corporation USA
• GreenStar LED Products, Inc
• Virtual Extension

The market is majorly driven by the new installations which holds a revenue share of over 65% in 2017. The government has launched several smart city initiatives across the region for deploying smart lighting solutions in the indoor and outdoor spaces. Furthermore, increasing adoption of the LED lamps in the region also foster the market growth. The need for energy-efficient lighting systems has increased significantly over the past decade to reduce energy consumption and improve energy security among the developed and the developing countries alike.

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The hospitality segment including restaurants, hotels, recreation centers, etc., in the European LED lighting market is increasingly adopting these technologies to efficiently manage the electricity resources and provide enhanced experience to consumers. Due to the rapidly-developing tourism sector in Europe and the demand for luxurious hospitality facilities by consumers & tourists, the hotel & restaurant owners are focusing on transforming their facilities with luxurious interiors, advanced lighting technology, and better services.

Commercial applications are gaining traction in the Europe LED lighting market due to a high implementation of the modern & stylish lighting systems in hospitality centers, commercial buildings & offices, and healthcare facilities across Europe. In commercial set-ups including offices, banks, etc., LED lights provide a better working atmosphere to employees and create mood enhancement due to the situational illumination control features. Such facilities deploy the energy-efficient technologies to save the electricity costs and incorporate wireless lighting control systems.

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The players operating in the Europe LED lighting market comprise Acuity Brands Inc., Cooper Industries, Inc., Endo Lighting Corporation, General Electric Company, Hubbell Incorporated, OPPLE Lighting Co., Ltd., OSRAM Opto Semiconductors GmbH, Philips Lighting Holding B.V., GreenStar Products, Inc., The Zumtobel Group AG, etc.

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