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Europe LED Lighting Market Exploring Future Growth and Trends |Acuity Brands, Cree, Dialight, GE, Hubbell Incorporated, Opple Lighting, Panasonic, Philips Lighting, Samsung Electronics, Sharp Electronics Corporation USA

Europe LED Lighting Market

Europe LED Lighting Market

Europe LED Lighting Market is set to surpass USD 30 billion by 2024. 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.

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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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.

The recently developed LED lights are not compatible with the traditional switching boards fixed across residences, offices, buildings, etc., due to the changes in circuitry designs challenging the European LED lighting market growth. The incompatibility issues result in increasing the possibilities for changing the entire switch systems, increasing the deployment cost of consumers.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Acuity Brands Inc.
2. Cooper Industries, Inc.
3. Cree, Inc.
4. Dialight
5. Endo Lighting Corporation
6. Shanghai Feilo Acoustics Co., Ltd.
7. General Electric Company
8. Hubbell Incorporated
9. Iwasaki Electric Co., Ltd.
10. LG Innotek Co., Ltd.
11. Nichia Corporation
12. Ocean's King Lighting Science & Technology Co., Ltd.
13. OPPLE Lighting Co., Ltd.
14. OSRAM Opto Semiconductors GmbH
15. Panasonic Corporation
16. Philips Lighting Holding B.V.
17. Samsung Electronics Co., Ltd.
18. Seoul Semiconductor Co., Ltd.
19. Sharp Corporation
20. GreenStar Products, Inc.
21. Virtual Extension

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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.

LED Lighting Market in Europe, By Product
• Lamps
• Luminaires

LED Lighting Market in Europe, By Installation
• New Installation
• Retrofit

LED Lighting Market in Europe, By End-Use
• Residential
• Commercial
• Industrial
• Institutional
• Elderly Care

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.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/europe-led-lighting-market

The LED lighting market in Europe is competitive owing to the presence of several players providing highly efficient and advanced LED technologies for various applications. The players are offering differentiated and application-specific products for several industries such as residential, commercial, hospitality, government, institutional, etc. Moreover, the companies have developed a strong distribution network across the European Union to address the requirements of local markets and household units.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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