Europe Indoor Lighting Market, By Type (LED Lamps, Fixtures, Downlight, Panels, Spotlights, Tracklights, Battens, Highbay, Linear System, Floodlight, Bulkheads, Street Lighting, Others), Mode of Operation (Manual, Automatic/Smart Light), Wattage Type (Less Than 50 W, 50–150 W, More Than 150 W), Distribution Channel (Traditional Channel, Online Sales), Lighting Technology (Light Emitting Diode (LED), Compact Fluorescent Light Bulbs (CFL), Incandescent Bulbs), Installation Type (New Installation, Retrofit Installation), Application (Residential, Commercial, Office Lighting, Industrial, Agriculture/Animal Care, Sport Club/Gym, Dockyard/Harbour, Retail, Shop Lighting, Hospitality, Sports Halls & Gyms, Art Galleries, Museum, Pedestrian Traffic Areas, Others) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Indoor Lighting are especially being deployed across agriculture sectors for enhancing and enabling the growth of plants by illuminating them with the help of these lights. The lighting is used as a supplement natural daylight that assist in raising grow light levels to improve photosynthesis.
Artificial light are replacing daylight with rapid urbanization. Europe Indoor Lighting Market was valued at USD 14056.13 million in 2021 and is expected to reach USD 21787.15 million by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029. “Light Emitting Diode (LED)” accounts for the largest lighting technology segment in the respective market owing to the high life span as compared to other lighting technologies. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Indoor lighting refers to low heat, and single point source light-emitting diode (LED) technology. This technology can be utilized for direct illumination of spaces and objects inside buildings. This lighting assists in declining energy consumption by up to 80% compared with fluorescent or incandescent lights.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (LED Lamps, Fixtures, Downlight, Panels, Spotlights, Tracklights, Battens, Highbay, Linear System, Floodlight, Bulkheads, Street Lighting, Others), Mode of Operation (Manual, Automatic/Smart Light), Wattage Type (Less Than 50 W, 50–150 W, More Than 150 W), Distribution Channel (Traditional Channel, Online Sales), Lighting Technology (Light Emitting Diode (LED), Compact Fluorescent Light Bulbs (CFL), Incandescent Bulbs), Installation Type (New Installation, Retrofit Installation), Application (Residential, Commercial, Office Lighting, Industrial, Agriculture/Animal Care, Sport Club/Gym, Dockyard/Harbour, Retail, Shop Lighting, Hospitality, Sports Halls & Gyms, Art Galleries, Museum, Pedestrian Traffic Areas, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Signify Holding (Netherlands), Fagerhult Group (Sweden), OSRAM GmbH (Germany), Zumtobel Group AG (Austria), LEDVANCE GmbH (Germany), Altman Lighting (US), Astute Lighting Ltd (UK), Bamford Lighting (UK), Dextra Group (UK), Enarlux (Spain), Halla, a.s (Czechia), Hubbell incorporated (US), Ideal Industries, Inc (US), Reggiani Spa Illuminazione (Italy), Sylvania (US), TRILUX Lighting Ltd (India), and OLIGO Lichttechnik GmbH (Germany), among others
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Market Opportunities
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Europe Indoor Lighting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Energy Efficiency and Low Carbon Emissions
The growing need for energy-saving and low-carbon-emission-oriented solutions propels the global indoor lighting market. Energy efficiency is an important aspect of a country's economic development. There has been a growing demand to reduce energy usage and carbon emissions as a result of rising global warming and regulatory regulations.
- Increase in Number of Smart Cities
The increase in demand for LED Lighting encouraged by the modernization and development of infrastructure such as smart cities accelerate the market growth. Also, penetration of LEDs as a light source in general lighting has a positive impact on the market.
- High Popularity of LED
The increase in popularity of LEDs among population as they are reliable, efficient, and offer a longer life span further influence the market. These lights are known to be cost-effective compared to incandescent lights.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the indoor lighting market.
Opportunities
Furthermore, development of wireless technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.
Restraints/Challenges
On the other hand, lack of awareness regarding installation costs and payback periods and development of alternative technologies are expected to obstruct market growth. Also, lack of common open standards are projected to challenge the indoor lighting market in the forecast period of 2022-2029.
This indoor lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on indoor lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Europe Indoor Lighting Market
The COVID-19 had a negative impact on the indoor lighting market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand indoor lighting market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the indoor lighting market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Europe Indoor Lighting Market Scope and Market Size
The indoor lighting market is segmented on the basis of type, mode of operation, wattage type, distribution channel, lighting technology, installation type, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Lamps
- Fixtures
- Downlight
- Panels
- Spotlights
- Tracklights
- Battens
- Highbay
- Linear System
- Floodlights
- Bulkheads
- Street Lighting
- Others
Mode of Operation
- Manual
- Automatic
Wattage Type
- Less Than 50 W
- 50–150 W
- More Than 150 W
Distribution Channel
- Traditional Channel
- Online Sales
Lighting Technology
- Light Emitting Diode (LED)
- Compact Fluorescent Light Bulbs (CFL)
- Incandescent Bulbs
Installation Type
- New Installation
- Retrofit Installation
Application
- 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
Europe Indoor Lighting Market Regional Analysis/Insights
The indoor lighting market is analyzed and market size insights and trends are provided by country, type, mode of operation, wattage type, distribution channel, lighting technology, installation type, and application.
The countries covered in the Europe indoor lighting market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany is dominating in the Europe indoor lighting market due to the growing demand for LED lighting products, deployment of efficient lighting. Apart from this government emphasis towards reduction of carbon footprints is also one of the factor acting as a driver in the Europe indoor lighting market growth. The U.K is in the second position in Europe indoor lighting market due to rising demand in the end user application. France is followed by Europe in Europe indoor lighting market due to growing disposal income in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Indoor Lighting Market
The indoor lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to indoor lighting market.
Some of the major players operating in indoor lighting market are
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (US)
- Astute Lighting Ltd (UK)
- Bamford Lighting (UK)
- Dextra Group (UK)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell incorporated (US)
- Ideal Industries, Inc (US)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (US)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
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