Market Size of europe indoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.06 Billion |
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Market Size (2030) | USD 8.65 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 6.09 % |
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Largest Share by Country | France |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Indoor LED Lighting Market Analysis
The Europe Indoor LED Lighting Market size is estimated at 6.06 billion USD in 2024, and is expected to reach 8.65 billion USD by 2030, growing at a CAGR of 6.09% during the forecast period (2024-2030).
6.06 Billion
Market Size in 2024 (USD)
8.65 Billion
Market Size in 2030 (USD)
4.71 %
CAGR (2017-2023)
6.09 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
62.64 %
value share, Industrial and Warehouse, 2023
The existing supply of warehouse space in France increased due to growing e-commerce companies. French industrial production increased by 1.1% over one month in December 2022.
Largest Segment by Commercial
41.14 %
value share, Retail, 2023
The retail and wholesale sector is a key economic sector in Europe. Retail parks have emerged in Europe, catering to a significant Y-o-Y growth of over 8%.
Largest by Country
20.95 %
value share, France, 2023
French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. As of 2021, there was a total of 662,000 sq. m of industrial real estate under construction in Lille.
Fastest-growing Segment by Country
8.21 %
Projected CAGR, France, 2024-2030
Alongside major groups such as Geodis, Viapost, STEF, FM Logistic, and Bolloré Logistics, a large number of foreign companies have invested in the logistics sector in France.
Leading Market Player
18.92 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share individually. The company mostly focuses on newer innovations based on the energy-efficient portfolio, leading to major brand value recognition.
Increasing development in the industrial and residential sectors drives market growth
- In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
- In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
- In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
Growing number of industrial production and surge in residential property drive the demand for market
- In terms of value and volume, as of 2023, the Rest of Europe held the major share, followed by France, Germany, and the United Kingdom. The Rest of Europe comprises Sweden, Italy, Spain, Russia, Poland, Netherlands, and others. Foreign buyers from the United States and northern Europe have been buying homes on Spain’s southern coast. Despite a significant rise in mortgage rates, demand for real estate remained strong in 2022, with a 16% surge in transactions and an 11% uptick in mortgage production compared to 2021. In Europe, Poland was at the top with nearly 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland. Overall, the demand for LEDs is expected to increase with increasing warehouse construction and a surge in residential property in the region.
- In the first eleven months of 2022, new dwellings authorized in France, excluding Mayotte, rose by 5.6% to 448,416 units compared to the same period the previous year, following an 18.5% increase during 2021. Since COVID-19 confinements, many people have moved from the major cities to the provinces in France. Overall, the residential market is expected to be more stable in the coming years.
- In Germany, with around 60% of total R&D expenditure, German industrial companies significantly contribute to the country's prosperity. Companies also engage in strategic development. For instance, in 2023, Osvětléní Černoch SRO built a new production and storage hall to increase its industrial production capacity. Such expansions indicate an increase in the number of industries and storage areas and the use of LED lighting.
Europe Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. France, Germany, United Kingdom are covered as segments by Country.
- In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
- In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
- In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
| Indoor Lighting | |||||
| Agricultural Lighting | |||||
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| Industrial and Warehouse | |||||
| Residential |
| Country | |
| France | |
| Germany | |
| United Kingdom | |
| Rest of Europe |
Europe Indoor LED Lighting Market Size Summary
The Europe Indoor LED Lighting Market is experiencing significant growth, driven by increasing demand across various sectors such as industrial, commercial, and residential spaces. The market is characterized by a shift towards energy-efficient lighting solutions, with LED technology gaining traction due to its cost-effectiveness and sustainability benefits. The industrial and warehouse sectors hold a substantial share in terms of value, with countries like France, Russia, and Poland leading in warehouse construction. The commercial sector, including hospitals, schools, and airports, also contributes significantly to the market's expansion. In the residential sector, stable housing markets in countries like Italy and the strong demand for real estate in Spain further bolster the market's growth. The Rest of Europe, encompassing countries such as Sweden, Italy, and Spain, holds a major share, followed by France, Germany, and the United Kingdom.
Government initiatives and incentive programs across Europe are playing a crucial role in promoting LED adoption. Programs like the UK's energy-efficient lighting proposal and Germany's Federal Funding for Efficient Buildings are encouraging the transition to LED technology by offering financial incentives. The European Green Deal and the Housing Renovation Program are also supporting the expansion of LED lighting by focusing on energy efficiency in buildings. The market is fragmented, with key players like LEDVANCE GmbH, OSRAM GmbH, Panasonic Holdings Corporation, Signify (Philips), and Thorn Lighting Ltd leading the way. Recent product launches, such as OSRAM's Osconiq E 2835 CRI 90 and OSLON Optimum family of LEDs, highlight the ongoing innovation and commitment to enhancing LED lighting solutions in the region. These developments, coupled with legislative changes phasing out less efficient technologies, are expected to drive the demand for indoor LED lighting in Europe over the forecast period.
Europe Indoor LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Indoor Lighting
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1.1.1 Agricultural Lighting
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1.1.2 Commercial
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1.1.2.1 Office
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1.1.2.2 Retail
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1.1.2.3 Others
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1.1.3 Industrial and Warehouse
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1.1.4 Residential
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1.2 Country
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1.2.1 France
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1.2.2 Germany
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1.2.3 United Kingdom
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1.2.4 Rest of Europe
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Europe Indoor LED Lighting Market Size FAQs
How big is the Europe Indoor LED Lighting Market?
The Europe Indoor LED Lighting Market size is expected to reach USD 6.06 billion in 2024 and grow at a CAGR of 6.09% to reach USD 8.65 billion by 2030.
What is the current Europe Indoor LED Lighting Market size?
In 2024, the Europe Indoor LED Lighting Market size is expected to reach USD 6.06 billion.
