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What’s Driving the Europe LED lighting Market? | Key Players 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

Having taken the conventional global lighting marketplace by storm, 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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Deployment of LED products in retrofit installations is a rapidly emerging trend across the Europe LED lighting market due to the low CO2 emissions benefits. Increasing infrastructure transformation projects going on in the European Union involves the transition of traditional halogen-based lighting systems. This factor along with electricity cost saving advantages is a major reason contributing to the growing demand for LED lamps and luminaires in the retrofit settings further contributing to the Europe LED lighting market growth.

The key players covered in this study: -
1. Acuity Brands
2. Cooper Industries, Inc.
3. Cree
4. Dialight
5. ENDO Lighting Corporation
6. Shanghai Feilo Acoustics Co., Ltd.
7. GE
8. Hubbell Incorporated
9. Iwasaki Electric Co Ltd
10. LG Innotek
11. Nichia Corporation
12. Ocean's King Lighting Science & Technology Co., Ltd
13. Opple Lighting
14. OSRAM Opto Semiconductors GmbH
15. Panasonic
16. Philips Lighting
17. Samsung Electronics
18. Seoul Semiconductor
19. Sharp Electronics Corporation USA
20. GreenStar LED Products, Inc
21. Virtual Extension

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Luminaire products are gaining demand due to their capabilities to be incorporated with the smart lighting control systems. The recently developed luminaires offer human centric lighting capabilities that are gaining high popularity in the healthcare and elderly care homes developing the Europe LED lighting market. Additionally, the implementation of modern interiors in hotels, restaurants, and offices that have the luxurious and sophisticated designs creates need for efficient luminaires.

Residential LED lighting application is experiencing substantial growth in the European Union due to the awareness created by government among the residential segment in the Europe LED lighting market. The steps taken by government agencies to promote the deployment & utilization of energy efficiency lights in household, apartments, hostels, etc. is compelling the European citizens to use LEDs. The EU energy policy and initiative to reduce climatic changes such as increased global warming, CO2 emissions, etc. creates awareness among the European households & promotes LED utilization.

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

Clearly, all the above trends are playing a crucial role in the development of Europe LED lighting market, which is certain to proliferate the profitability quotient of this business sphere. A presumption validating the same is of Global Market Insights, Inc., that claims the Europe LED lighting market to surpass a remuneration portfolio of USD 30 billion by 2024.

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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