openPR Logo
Press release

What’s driving the Europe LED Lighting Market Share?| Key participants are Philips, Panasonic Corporation, Osram, Cooper Industries, Trilux, Zumtobel

07-02-2019 05:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Europe LED Lighting Market

Europe LED Lighting Market

Europe LED Lighting Market is expected to reach over USD 30 billion by 2024. Growing awareness about smart and greener cities in the European countries is contributing to the demand for LED lighting systems. This is resulting in the increasing deployment of LED lighting systems across all countries. For instance, the road & street lighting transformations in Copenhagen that includes deployment of LED based street lights is driving the Europe LED lighting market. These street lights deployed in Copenhagen have situational dimming capabilities that brighten when vehicles arrive and dim down when they pass.

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. Moreover, the public infrastructure development and high investment in the LED-based street lighting projects also undergoes the replacement of conventional lamps & lights to LEDs.

Request for sample of this Report @ www.gminsights.com/request-sample/detail/3035

3 Europe LED Lighting Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.2.1 Europe LED market landscape
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technological and innovation landscape
3.4.1 Wireless lighting control systems
3.4.2 GaN-based LEDs
3.4.3 Connected and smart lighting
3.5 Regulatory landscape
3.5.1 Waste Electrical and Electronic Equipment Directive
3.5.2 RoHS or Directive 2002/95/EC
3.5.3 Mercury Regulation
3.5.4 EN 13032-1
3.5.5 EN12464-1
3.5.6 IEC 62717:2014

Make an Inquiry for purchasing this Report @ www.gminsights.com/inquiry-before-buying/3035

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. The government incentives and initiatives to utilize low energy consuming and cost-effective lights in Europe is contributing to the demand for LED luminaires. All these factors along with cost saving benefits drive the Europe LED lighting market expansion.

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.

Browse Complete Report @ www.gminsights.com/industry-analysis/europe-led-lighting-...

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. The construction of new households, apartment buildings, etc. with modern & intelligent facilities incur the need for more lights per home and further add up to the demand for products in the Europe LED lighting market.

Key players in the Europe LED lighting market includes Philips, Panasonic Corporation, Osram, Cooper Industries (Eaton Corporation), Trilux, Zumtobel etc. The major companies are focusing on developing technically advanced LED products that have longer lifetime and meet the environmental standards applied by the European government. These companies have developed strong distribution networks, sales channels, and retail outlets that can address the consumer level demand in the Europe LED lighting market.

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
Web: www.gminsights.com

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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What’s driving the Europe LED Lighting Market Share?| Key participants are Philips, Panasonic Corporation, Osram, Cooper Industries, Trilux, Zumtobel here

News-ID: 1794311 • Views: 348

More Releases from Global Market Research

Aerospace & Defense Fluid Conveyance Systems Market in Airframe Application Segm …
Global aerospace & defense fluid conveyance systems Market is anticipated to exceed USD 22 billion over the forecast timeframe. Airframe application segment is likely to contribute more than 60% of market share by 2024. Increasing aircraft production during forecast time frame will fuel aerospace & defense fluid conveyance systems demand owing to large application in the airframe to provide flawless pneumatic performance. Key Players are • Triumph Group • GKN Aerospace • Hannifin Corporation • Parker • AIM Aerospace • Eaton Corporation • Arrowhead
Aviation Weather Forecasting Services Market Size Report By Regional Revenue & G …
The Aviation Weather Forecasting Services Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure. Aviation Weather Forecasting Services Market will observe a lucrative growth from 2018 to 2024 propelled by increasing requirement for appropriate
Commercial Airport Baggage Handling Systems Market Size to witness a steady grow …
Global Market Insights presents the Commercial Airport Baggage Handling Systems Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current industry trends and strategies impacting the global market along with estimates and forecast of revenue. Key Players are • Logplan • BCS Group • Daifuku Co.Ltd. • Fives • G&S Airport Conveyor • Pteris Global Limited • Siemens AG • BEUMER Group • Vanderlande Industries Based on services, the commercial airport baggage handling systems market is distinguished into assisted type baggage check in and self-service baggage check
Household Vacuum Cleaners Market in Upright Segment is Expected to Register Gain …
Upright household vacuum cleaners market share is expected to register gains at around 4% CAGR. Initial introduction of the product, featuring robustness and affordable costs are the key factors expected to fuel the segment growth. Canister household vacuum cleaners market size dominated the industry accounting for over 40% of the business revenue. Relatively lower costs, ease of usability and availability are the prominent factors influencing the high consumer adoption. Leading

All 2857 Releases