France Indoor LED Lighting Market Size

The France Indoor LED Lighting Market is projected to experience significant growth over the forecast period, driven by various segments such as industrial, residential, and office lighting. The industrial and warehouse segments currently hold a substantial share, with the demand bolstered by the increasing number of warehouses and the return of industrial production capacities post-pandemic. Although the residential segment has shown mixed results, it is expected to stabilize, contributing to the market's expansion. The office segment is anticipated to recover as FDI flows and office sales rebound, further driving the market's growth trajectory.

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Market Size of france indoor led lighting Industry

France Indoor LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.28 Billion
svg icon Market Size (2030) USD 2.06 Billion
svg icon Largest Share by Indoor Lighting Industrial and Warehouse
svg icon CAGR (2024 - 2030) 8.21 %
svg icon Fastest Growing by Indoor Lighting Industrial and Warehouse

Major Players

France Indoor LED Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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France Indoor LED Lighting Market Analysis

The France Indoor LED Lighting Market size is estimated at 1.28 billion USD in 2024, and is expected to reach 2.06 billion USD by 2030, growing at a CAGR of 8.21% during the forecast period (2024-2030).

1.28 Billion

Market Size in 2024 (USD)

2.06 Billion

Market Size in 2030 (USD)

9.90 %

CAGR (2017-2023)

8.21 %

CAGR (2024-2030)

Largest Segment by Indoor Lighting

72 %

value share, Industrial and Warehouse, 2023

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In France, manufacturing is the most important sector, accounting for 86% of total production. French industrial production increased by 1.1% over one month in December 2022.

Largest Segment by Commercial

24.99 %

value share, Retail, 2023

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France is one of Europe’s largest retail markets. France is home to many renowned retail brands, including some of the largest retail chains in the world, such as Carrefour, Casino, and Mulliez Group.

Fastest-growing Segment by Indoor Lighting

8.90 %

Projected CAGR, Industrial and Warehouse, 2024-2030

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Warehousing constitutes a key element of logistics in France, representing 10% of the national GDP. Manufacturing output rose by 0.3% M-o-M in December 2022, after +2.4% in November 2022.

Fastest-growing Segment by Commercial

6.36 %

Projected CAGR, Retail, 2024-2030

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Openings, redevelopments, and extensions of stores and property investments by retailers are expected to lead to maximum visibility for customers and the growth of the retail market in France.

Leading Market Player

12.36 %

market share, Signify (Philips), 2022

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Signify Philips holds the largest market share individually. For a long time, Signify has been driving the shift from conventional fluorescent lighting to more environment-friendly LED.

Increasing developments in the industrial and residential segments, along with FDI flows in the commercial office segment, driving the market’s growth

  • In terms of value share, in 2023, industrial and warehouse accounted for the majority share among indoor lighting segments. The COVID-19 pandemic seems to have accelerated France's efforts to return industrial production capacities to the country. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Manufacturing output rose by 0.3% M-o-M in December 2022, after +2.4% in November 2022. While the market in this segment is saturating in terms of LED demand, the growth in the segment with an increasing number of warehouses is expected to continue boosting the demand.
  • In terms of volume, in 2023, residential accounted for the highest share. Residential construction activity has been showing mixed results in recent years. In the first 11 months of 2022, new dwellings authorized in France, excluding Mayotte, rose by 5.6% Y-o-Y to 448,416 units, following an 18.5% Y-o-Y increase in 2021. During 2023, house prices in France were expected to stabilize a bit (perhaps growth would drop below 5%), and the number of property sales would remain just above 1 million during the year. Since the COVID-19 pandemic-induced confinements, many people have moved from the major cities to the provinces in France. The market in the residential indoor lighting segment is expected to get more stable over the coming years.
  • The office segment's share was expected to increase from 2023 after declining during the pandemic due to WFH conditions and low development and sales. After dropping due to the COVID-19 pandemic, FDI flows to France rebounded in 2021 (+191.4%) but remained below pre-crisis levels. In 2022, FDI projects increased by 3% (1,259 projects) in France. Rebound sales in the office segment are expected to increase demand for LEDs.
France Indoor LED Lighting Market

France Indoor LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting.

  • In terms of value share, in 2023, industrial and warehouse accounted for the majority share among indoor lighting segments. The COVID-19 pandemic seems to have accelerated France's efforts to return industrial production capacities to the country. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Manufacturing output rose by 0.3% M-o-M in December 2022, after +2.4% in November 2022. While the market in this segment is saturating in terms of LED demand, the growth in the segment with an increasing number of warehouses is expected to continue boosting the demand.
  • In terms of volume, in 2023, residential accounted for the highest share. Residential construction activity has been showing mixed results in recent years. In the first 11 months of 2022, new dwellings authorized in France, excluding Mayotte, rose by 5.6% Y-o-Y to 448,416 units, following an 18.5% Y-o-Y increase in 2021. During 2023, house prices in France were expected to stabilize a bit (perhaps growth would drop below 5%), and the number of property sales would remain just above 1 million during the year. Since the COVID-19 pandemic-induced confinements, many people have moved from the major cities to the provinces in France. The market in the residential indoor lighting segment is expected to get more stable over the coming years.
  • The office segment's share was expected to increase from 2023 after declining during the pandemic due to WFH conditions and low development and sales. After dropping due to the COVID-19 pandemic, FDI flows to France rebounded in 2021 (+191.4%) but remained below pre-crisis levels. In 2022, FDI projects increased by 3% (1,259 projects) in France. Rebound sales in the office segment are expected to increase demand for LEDs.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
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France Indoor LED Lighting Market Size Summary

The France Indoor LED Lighting Market is experiencing a significant transformation, driven by various factors including industrial growth, residential construction, and government initiatives. The market is characterized by a diverse range of segments, with industrial and warehouse lighting currently holding a substantial share. The resurgence of industrial production in France, partly due to the COVID-19 pandemic's impact, has led to increased demand for LED lighting in these sectors. Meanwhile, the residential segment, despite mixed construction activity results, remains a major contributor to market volume. The shift of populations from urban to provincial areas has further stabilized the demand for residential indoor lighting. The office segment, which saw a decline during the pandemic due to remote work trends, is expected to rebound, thereby boosting LED demand.

Government policies and programs play a crucial role in shaping the LED lighting market in France. Initiatives like the Energy Savings Certificate scheme and the "Ma PrimeRénov" program are designed to encourage energy-efficient upgrades, including the adoption of LED lighting. These programs, coupled with high disposable income and purchasing power, are expected to drive further penetration of LED technology in both residential and commercial sectors. The market is also supported by significant projects aimed at enhancing energy efficiency, such as the replacement of streetlights with LED alternatives. The competitive landscape is fragmented, with major players like EGLO Leuchten GmbH, LEDVANCE GmbH, OSRAM GmbH, Signify (Philips), and Thorn Lighting Ltd leading the market. Innovations in LED technology, such as those introduced by Signify and Osram, continue to enhance the appeal and efficiency of LED lighting solutions in France.

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France Indoor LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

France Indoor LED Lighting Market Size FAQs

The France Indoor LED Lighting Market size is expected to reach USD 1.28 billion in 2024 and grow at a CAGR of 8.21% to reach USD 2.06 billion by 2030.

In 2024, the France Indoor LED Lighting Market size is expected to reach USD 1.28 billion.