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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.

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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

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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. 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.

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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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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.

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