Market Forecast By Product Type (LED Bulbs, LED Fixtures, Bare LED Tubes, LED Downlights), By Applications (Indoor, Outdoor, Automotive, Backlighting) And Competitive Landscape
Product Code: ETC005133 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Italy LED Professional Lighting Market report thoroughly covers the market by product type and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
The LED lighting market is growing owing to some ongoing government initiatives and growing awareness of energy-saving lighting technology. The outdoor LED lighting market in the country is securing massive growth due to the increasing adoption of these lights in commercial and residential lighting applications. The government initiatives coupled with manufacturers' technological advancement aim to develop a more sustainable and efficient lighting solution that is beneficial for Italy.
According to 6Wresearch, the Italy LED Professional Lighting Market size is expected to grow at a CAGR of 8.9% during the forecast period 2024-2030. The market growth is driven by various factors including energy savings, government incentives, and growing awareness about the benefits of using LED lights. With the growing energy prices and the need to decrease the GHG levels, LED lighting is becoming a striking substitute for traditional lighting. Another factor proliferating the growth of the market is the introduction of government initiatives that encourage the use of LED lighting in various industries.
Despite the growth prospects, the Italy LED Professional Lighting industry such as the high initial cost of LED lighting. Another challenge is the low quality of some of the LED lighting products available in the industry. However, some ongoing trends are supporting the growth. One such is the rising integration of technological advancements in the field of power efficiency and luminescence efficiency. The manufacturers are focusing on intensifying their portfolio of fixtures with wireless controls and advanced sensors. The rising adoption of IoT-enabled smart lighting solutions is expected to augment the market growth.Β
The government of the country has launched several measures to surge the use of LED lighting. One such is the National Fund for Energy Efficiency (Fondo Nazionale Efficienza Energetica, FNEE). Under this, the government provides incentives to consumers and businesses that invest in energy efficiency measures to boost the use of LED lighting.Β The government has also been taking the initiative by helping local authorities to replace their public lighting systems with LED lighting.Β
The Italy LED professional lighting market is dominated by several key companies operating smoothly, with the presence of both local and global players such as Philips Lighting, Osram, GE Lighting, and Zumtobel Group. Local companies dominate the market, and they offer products that meet a spectrum range of customer needs.
According to Dhaval, Research Manager, 6Wresearch, LED bulbs are currently dominating Italy's LED professional lighting market share on the back of their various features such as affordability and seamless compatibility with existing fixtures.
Based on the application, the indoor lighting segment is generating high market revenues in the country due to its wide application across various sectors such as including commercial, residential, and industrial spaces. Also, its various features, include energy efficiency and versatility.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Italy LED Professional Lighting Market Overview |
3.1 Italy Country Macro Economic Indicators |
3.2 Italy LED Professional Lighting Market Revenues & Volume, 2019 & 2026F |
3.3 Italy LED Professional Lighting Market - Industry Life Cycle |
3.4 Italy LED Professional Lighting Market - Porter's Five Forces |
3.5 Italy LED Professional Lighting Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 Italy LED Professional Lighting Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Italy LED Professional Lighting Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Italy LED Professional Lighting Market Trends |
6 Italy LED Professional Lighting Market, By Types |
6.1 Italy LED Professional Lighting Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Italy LED Professional Lighting Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 Italy LED Professional Lighting Market Revenues & Volume, By LED Bulbs, 2016 - 2026F |
6.1.4 Italy LED Professional Lighting Market Revenues & Volume, By LED Fixtures, 2016 - 2026F |
6.1.5 Italy LED Professional Lighting Market Revenues & Volume, By Bare LED Tubes, 2016 - 2026F |
6.1.6 Italy LED Professional Lighting Market Revenues & Volume, By LED Down lights, 2016 - 2026F |
6.2 Italy LED Professional Lighting Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Italy LED Professional Lighting Market Revenues & Volume, By Indoor, 2016 - 2026F |
6.2.3 Italy LED Professional Lighting Market Revenues & Volume, By Outdoor, 2016 - 2026F |
6.2.4 Italy LED Professional Lighting Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.5 Italy LED Professional Lighting Market Revenues & Volume, By Backlighting, 2016 - 2026F |
7 Italy LED Professional Lighting Market Import-Export Trade Statistics |
7.1 Italy LED Professional Lighting Market Export to Major Countries |
7.2 Italy LED Professional Lighting Market Imports from Major Countries |
8 Italy LED Professional Lighting Market Key Performance Indicators |
9 Italy LED Professional Lighting Market - Opportunity Assessment |
9.1 Italy LED Professional Lighting Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 Italy LED Professional Lighting Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Italy LED Professional Lighting Market - Competitive Landscape |
10.1 Italy LED Professional Lighting Market Revenue Share, By Companies, 2019 |
10.2 Italy LED Professional Lighting Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |