Europe LED Professional Lighting Market (2021-2027) | COVID-19 IMPACT, Outlook, Trends, Value, Share, Analysis, Size, Growth, Forecast, Industry, Companies & Revenue

Europe LED professional lighting market has registered high growth on account of the factors such as European Union policy measures banning the sale of inefficient lighting technologies. Such policy initiatives have helped customers slowly replace their conventional lighting products with products focused on LED technology. In turn, switching to energy-efficient LED lights has provided major environmental benefits to achieve cost-savings for customers. The region's high energy costs are pushing households, public investors, and governments to find alternatives to energy-efficient lighting. Governments across the region also include subsidies and opportunities to increase market adoption of LED products and phase out older and less efficient technologies to improve the industry's overall performance. Other key factors driving the demand for LED products in Europe include infrastructure expansion, potential smart-building projects, and average price declines for LEDs. Currently, the industry is experiencing negative growth due to the increasing cases of coronavirus disease (COVID-19) and the temporary closure of different production units.

According to 6Wresearch, Europe LED Professional Lighting Market size is projected to witness substantial growth during 2021-27. The European LED lighting market is segmented into four influential regions, namely Eastern Europe, Western Europe, Northern Europe, and South Europe. The segment of Western Europe dominated the market in 2019, as Germany is a leading producer of LEDs in Europe and represents a large share of LED exports in the world. The involvement of prominent players such as OSRAM GmbH and Signify Holdings and the availability of technologically advanced manufacturing facilities favor the regional LED lighting market's prospects for growth. North and south European market draw the highest foreign investment and experience strong economic growth and therefore increasing at a faster pace. In addition, incentives & subsidies programs from the governments are being deployed on a broader scale.

The residential sector witnessed the maximum deployment of led lighting during 2019, followed by the commercial and industrial sectors. The European commercial & industrial sector is booming as the regional automotive and IT industries expand. Favorable business conditions and growing single economies are expected to improve the demand for LED lighting over the forecast period. In the past few years, as the need for commercial spaces is on the rise, the construction industry has witnessed a good amount of growth from the commercial & industrial sectors. To gain from this development, power supply firms have partnered with the government to sell the subsidized LED lights to the commercial industry.

Some leading industry players in this market are Signify Holdings, Acuity Brands Lighting Inc., OSRAM GmbH, Eaton, and LEDVANCE GmbH.

Europe LED professional lighting market report thoroughly covers the market by types, technology, services, applications, components, and key countries including France, Germany, the United Kingdom, Italy, Spain, and the Rest of Europe. Europe LED professional lighting market outlook provides an unbiased and detailed analysis of the ongoing LED professional lighting market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe LED Professional Lighting Market is projected to gain momentum in the forthcoming years backed by an increase in the shift from conventional to green light installation which ensures energy-efficient and cost-efficient. Moreover, based on the distribution channel, online platforms are estimated to generate high sales revenues in the market underpinned by the rising availability of a wide range of products along with the rising online shopping trend that has led to stimulating consumers to shop with more convenience, which is further projected to boost the market growth of LED Professional Lighting Market in entire Europe.

Key Highlights of the Report:

• Europe LED Professional Lighting Market Outlook
• Market Size of Europe LED Professional Lighting Market, 2020
• Forecast of Europe LED Professional Lighting Market, 2027
• Historical Data and Forecast of Europe LED Professional Lighting Revenues & Volume for the Period 2017 - 2027
• Europe LED Professional Lighting Market Trend Evolution
• Europe LED Professional Lighting Market Drivers and Challenges
• Europe LED Professional Lighting Price Trends
• Europe LED Professional Lighting Porter's Five Forces
• Europe LED Professional Lighting Industry Life Cycle
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By LED Bulbs for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By LED Fixtures for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Bare LED Tubes for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By LED Downlights for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Europe LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Germany LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of United Kingdom LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of France LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Italy LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Russia LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Spain LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Indoor for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Outdoor for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Europe LED Professional Lighting Market Revenues & Volume By Backlighting for the Period 2017 - 2027
• Europe LED Professional Lighting Market - Key Performance Indicators
• Europe LED Professional Lighting Market - Import Export Trade Statistics
• Europe LED Professional Lighting Market - Opportunity Assessment By Countries
• Europe LED Professional Lighting Market - Opportunity Assessment By Product Type
• Europe LED Professional Lighting Market - Opportunity Assessment By Applications
• Europe LED Professional Lighting Market - Top Companies Market Share
• Europe LED Professional Lighting Market - Top Companies Profiles
• Europe LED Professional Lighting Market - Comparison of Players in Technical and Operating Parameters
• Europe LED Professional Lighting Market - Strategic Recommendations

Markets Covered

The Household Appliances Market Globally includes the following segments:

• By Product Type:
  • LED Fixtures
  • LED Bulbs
  • Bare LED Tubes
  • LED Down Lights
• By Application:
  • Indoor
  • Outdoor
  • Automotive
  • Backlighting
• By Countries:
  • Germany
  • Spain
  • United Kingdom
  • Italy
  • Russia
  • Rest of Europe

Frequently Asked Questions About the Market Study (FAQs):