The evolution of indoor lighting has transformed modern environments, impacting various aspects of human life. From the invention of electric lighting to the rise of energy-efficient LED technology, indoor lighting has provided enhanced visibility, comfort, and aesthetics. Smart lighting systems have further revolutionized indoor environments, offering automation and personalized controls. This evolution has significantly influenced productivity, mood, and well-being in homes, offices, and public spaces. As indoor lighting continues to advance, its impact on the way we live and work in modern settings remains profound.
According to Data Bridge Market Research, the Europe Indoor Lighting Market accounted for USD 14,056.13 million in 2021 and is expected to reach USD 21787.15 million by 2029. The market is expected to grow with a CAGR of 5.40% in the forecast period of 2022 to 2029.
“Increase in the number of smart cities boosts the market’s growth”
The increase in the number of smart cities has a substantial impact on the growth of the indoor lighting market. As cities embrace smart technologies to enhance efficiency, sustainability, and citizen comfort, there is a growing demand for intelligent indoor lighting solutions. Smart lighting systems offer features such as energy efficiency, automated controls, and integration with IoT devices, making them crucial components in modern urban infrastructure. This trend is driving the adoption of indoor lighting solutions, propelling the market's growth in smart city development.
What restraints the growth of the Europe indoor lighting market?
“Lack of awareness regarding installation costs restraints the market’s growth”
The lack of awareness regarding installation costs poses a significant restraint on the indoor lighting market's growth. While smart lighting systems offer long-term benefits in terms of energy savings and automation, initial installation costs can be perceived as a barrier by potential consumers. Many may not fully understand the potential return on investment and hesitate to adopt these solutions. Raising awareness about the long-term cost-saving benefits and educating consumers about available incentives and rebates could help overcome this barrier and promote wider adoption of smart indoor lighting solutions.
Segmentation: Europe Indoor Lighting Market
The Europe indoor lighting market is segmented on the basis of type, mode of operation, wattage type, distribution channel, lighting technology, installation type, and application.
- On the basis of type, the indoor lighting market is segmented into LED lamps, fixtures, downlight, panels, spotlights, tracklights, battens, highbay, linear system, floodlight, bulkheads, street lighting, and others.
- On the basis of mode of operation, the indoor lighting market is segmented into manual, automatic/smart light.
- On the basis of wattage type, the indoor lighting market is segmented into less than 50 W, 50–150 W, and more than 150 W.
- On the basis of distribution channel, the indoor lighting market is segmented into traditional channel, and online sales.
- On the basis of lighting technology, the indoor lighting market is segmented into light emitting diode (LED), compact fluorescent light bulbs (CFL), and incandescent bulbs.
- On the basis of installation type, the indoor lighting market is segmented into new installation, retrofit installation.
- On the basis of application, the indoor lighting market is segmented into residential, commercial, office lighting, industrial, agriculture/animal care, sport club/gym, dockyard/harbour, retail, shop lighting, hospitality, sports halls, and gyms, art galleries, museum, pedestrian traffic areas, others.
Regional Insights: Germany dominates the Europe Indoor Lighting Market
Germany is dominating the Europe indoor lighting market due to increasing demand for LED lighting products and the deployment of efficient lighting solutions. Additionally, government initiatives aimed at reducing carbon footprints act as key drivers for market expansion. The U.K. holds the second position in the market, owing to rising demand in various end-user applications. France follows closely behind, with its indoor lighting market growing due to a rise in disposable income within the country.
To know more about the study visit https://www.databridgemarketresearch.com/de/reports/europe-indoor-lighting-market
The Prominent Key Players Operating in the Europe Indoor Lighting Market Include:
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (U.S.)
- Astute Lighting Ltd (U.K.)
- Bamford Lighting (U.K.)
- Dextra Group (U.K.)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell incorporated (U.S.)
- Ideal Industries, Inc (U.S.)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (U.S.)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of Europe indoor lighting market companies contact, https://www.databridgemarketresearch.com/de/contact
Research Methodology: Europe Indoor Lighting Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Europe vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
