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2020
Europe And Middle East Industrial & Commercial Led Lighting Market

Europe and Middle East Industrial & Commercial LED Lighting Market by Product (LED Lamps and LED Fixture) and Application (Commercial, Outdoor, and Industrial): Opportunity Analysis and Industry Forecast, 2019-2026
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A06059
Pages: 244
Mar 2020 | 5300 Views
Author(s) : Asavari Patil , Vineet Kumar
Tables: 99
Charts: 73
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Europe and Middle East Industrial & Commercial LED Lighting Market Outlook - 2026

The Europe and Middle East industrial & commercial LED lighting market size was valued at valued at $6.03 billion in 2018, and is projected to reach $21.96 billion by 2026, registering a CAGR of 17.2% from 2019 to 2026. The light emitted by the filament present inside an incandescent light bulb is a result of the electrical energy getting converted into heat energy, which eventually is converted into light energy. 

A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement of incandescent light sources. LED lighting is expected to be one of the most energy-efficient and rapidly developing lighting technology in the Europe and Middle East market. LED lights operate for a longer duration, are durable in nature, and offer better lighting quality as against the traditional lighting technologies.

Europe and Middle east industrial and Commercial led lightning Market

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LED is expected to take over the conventional CFL and CCFL lighting market due to advanced features. Moreover, it is a cost-effective solution for all lighting as well as other applications such as backlighting in large screen displays, non-backlight displays (OLED), and others. Apart from the aforementioned cost benefit, the initial cost of LED lighting is very high, and this restricts its initial acceptance. 

However, due to longer lifespan of LEDs, the overall cost of the same is found to be very low in comparison to CFLs. In the coming years, consumers will gain awareness regarding the benefits of longer lifetime of LED lamps and would increase adoption of LED Products such as LED lamps and ceiling lights. Growth in display and large screen backlighting applications, decrease in cost of LED lamps, longer life span, and high efficacy of LED are key factors that boost the Europe and Middle East industrial & commercial LED lighting market growth.

The production of LED products such as ceiling lights and led fixtures involves the implementation of a variety of technologies. Chips and components are the basic materials assembled to manufacture the final lamp different steps of the LED value chain. Some manufacture LED chips and components, while some are involved in the production of lamps and luminaries. Further, others are expected to be involved in all the steps to deliver the final product to the consumers. 

Features of LEDs, such as reduced energy requirement which leads to financial savings, being environment-friendly due to minimum use of mercury, and low flickering supplement the growth of the industrial & commercial LED lighting in the region. Furthermore, lower production costs of LED lights is anticipated to provide lucrative growth opportunities for the industrial & commercial LED lighting market in Europe and Middle East.

There are various factors that significantly affect the Europe and Middle East industrial & commercial LED lighting market. Factors such as high demand for cost effective and energy-saving LED lighting, increase in government initiatives toward LED adoption, and surge in need to replace traditional lighting system drive the growth of the market. However, high initial cost of LED lighting technology and presence of voltage sensitivity and temperature dependence hamper the market growth. Furthermore, increase in adoption of smart lighting system in Europe and Middle East is expected to offer lucrative opportunities toward the industrial & commercial LED lighting market growth.

Segment Overview:

The Europe and Middle East industrial & commercial LED lighting market is analyzed by product type, application, and country. By product type, the market is analyzed across LED Lamps and LED Fixture. 

Europe and Middle East Industrial & Commercial LED Lighting Market
By Product

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LED Fixture segment is projected to be the most lucrative segment

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By application, it is analyzed across commercial, outdoor, and Industrial. Commercial application is further segmented into hospitality, office, retail, and infrastructure. In addition, outdoor segment is further analyzed across urban landscape, streets & major roads, tunnel, and sports plants/large areas. Furthermore, industrial segment is further bifurcated into industrial plants and weather resistant/explosion proof. 

Europe and Middle East Industrial & Commercial LED Lighting Market
By Application

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Outdoor lighting segment is expected to secure a leading position during the forecast period

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By country, the market analyzed across Spain, France, UK, Hungary, Saudi Arabia, UAE, Qatar, Kuwait, Turkey, Oman, Jordan, Nordic Countries, Balkan Countries, and rest of EME. 

Top Impacting Factors:

The notable factors positively affecting the Europe and Middle East industrial & commercial LED lighting market include high demand for cost-effective and energy-saving LED lighting, increase in government initiatives toward LED adoption, and surge in need to replace traditional lighting system are expected to fuel the market growth. However, high initial cost of LED lighting system and voltage sensitivity & temperature dependence are expected to hinder the market growth.

Competitive Analysis:

The key players profiled in the Europe and Middle East industrial & commercial LED lighting market report are Eaton Corporation Plc., Cree Inc., Panasonic Corporation, Acuty Brands, Inc., Dialight Plc., Osram Licht Ag, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska. These key players focus on garnering significant revenue, as numerous companies across industry verticals are keen to adopt flexible electronics technology. 

Moreover, they adopt various strategies such as collaboration, partnership, acquisition, product enhancement, and others to strengthen Europe and Middle East industrial & commercial LED lighting market share.

Key Benefits for Stakeholders:

  • This study comprises analytical depiction of the Europe and Middle East industrial & commercial LED lighting industry size along with the current trends and future estimations to depict the imminent investment pockets. 
  • The overall Europe and Middle East industrial & commercial LED lighting market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current Europe and Middle East industrial & commercial LED lighting market forecast is quantitatively analyzed from 2012 to 2025 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The report includes the market share of key vendors and Europe and Middle East industrial & commercial LED lighting market trends.

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • LED Lamps
  • LED Fixture

By Application
  • Commercial
    • Hospitality (Hotels & Restaurants)
    • Office
    • Retail (Malls, Shopping Centers, and Shops)
    • Infrastructure (Schools, Universities, Auditorium, Libraries, Churches, Airports, Train Stations, Institutions)
  • Outdoor
    • Urban Landscape (Parks and decorative lighting)
    • Streets & major roads
    • Tunnel
    • Sports plants/Large areas
  • Industrial
    • Industrial Plants (Warehouse, Factories etc.)
    • Weather Resistant/Explosion Proof

By Country
  • Spain
  • France
  • UK
  • Hungary
  • UAE
  • Qatar
  • Kuwait
  • Turkey
  • Oman
  • Jordan
  • Nordic Countries
    • Norway
    • Finland
    • Sweden
    • Denmark
    • Other Nordic Countries
  • Balkan Countries
    • Serbia
    • Croatia
    • Slovenia
    • Romania
    • Other Balkan Countries
  • Rest of EME

Key Market Players
  • ACUITY BRANDS, INC.
  • CREE, INC.
  • DIALIGHT
  • EATON CORPORATION
  • KONINKLIJKE PHILIPS N.V.
  • OSRAM (AMS AG)
  • PANASONIC CORPORATION
  • SYSKA
  • TOSHIBA CORPORATION (TOSHIBA TEC CORPORATION)
 

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A light-emitting diode (LED) is a semiconductor light source that converts electrical energy directly into light energy. These devices are often used in lamps as a replacement of incandescent light sources. The industrial and commercial LED lighting market holds high growth potential. This is attributed to the fact that in the current business scenario, there has been an increase in the demand for industrial and commercial LED lighting, particularly in the developing countries.

Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative product offerings. Rapid usage of LEDs in lamps as a replacement of incandescent light sources, owing to advantages such as longer shelf life, low power requirement, and small sized & robust attributes, is a major driver of this market.

The Europe and Middle East industrial and commercial LED lightings market is expected to witness high growth rate in the future, due to high efficiency offered by LEDs and favorable government regulations towards reducing cost and pollution. However, high initial cost and voltage sensitivity & temperature dependence impede the market growth.

The key players profiled in the report include Eaton Corporation Plc., Cree Inc., Panasonic Corporation, Acuty Brands, Inc., Dialight Plc., Osram Licht Ag, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska.

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The Europe and Middle East Industrial & Commercial LED Lighting Market is expected to grow at a CAGR of 17.2% from 2019 to 2026.

A. The Europe and Middle East Industrial & Commercial LED Lighting Market is projected to reach $21.96 billion by 2026.

A. To get the latest version of sample report

A. Growth in display and large screen backlighting applications, decrease in cost of LED lamps, longer life span, and high efficacy of LED drives the growth of Europe and Middle East Industrial & Commercial LED Lighting Market.

A. The key players profiled in the report include Eaton Corporation Plc., Cree Inc., Panasonic Corporation, Acuty Brands, Inc., Dialight Plc., Osram Licht Ag, Koninklijke Philips N.V., Toshiba Corporation, Zumtobel Group Ag, and Syska.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Europe and Middle East Industrial & Commercial LED Lighting Market is segmented on the basis of product type, application, and country.

A. The key growth strategies of Europe and Middle East Industrial & Commercial LED Lighting market players include product launch, partnership, acquisition, expansion, product enhancement, and collaboration.

A. LED Lamps segment had generated the highest revenue in 2018.

A. Outdoor lighting segment is expected to secure a leading position during the forecast period.

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