France LED Lighting Market Size

France LED Lighting Market Analysis

The France LED Lighting Market size is estimated at 2.00 billion USD in 2024, and is expected to reach 3.07 billion USD by 2030, growing at a CAGR of 7.43% during the forecast period (2024-2030).

Want to share this? Click here to share on social media or embed it on your website.

2.00 Billion

Market Size in 2024 (USD)

3.07 Billion

Market Size in 2030 (USD)

5.15 %

CAGR (2017-2023)

7.43 %

CAGR (2024-2030)

Largest Segment by Automotive Utility Lighting

62.68 %

value share, Headlights, 2023

The country has a national objective of establishing 100,000 public charging stations for electric cars, indicating more use of headlights and higher use of LEDs.

Largest Segment by Automotive Vehicle Lighting

61.91 %

value share, Passenger Cars, 2023

The passenger car fleet expanded from over 35.8 million passenger automobiles in 2011 to more than 38.7 million in January 2022, resulting in more use of LED lights.

Largest Segment by Indoor Lighting

72 %

value share, Industrial and Warehouse, 2023

The industrial sector accounted for 19.5% of its GDP. In France, manufacturing accounts for 86% of total production, increasing the value of the segment and the use of LED lights.

Largest Segment by Outdoor Lighting

75.57 %

value share, Public Places, 2023

The ongoing transformation and infrastructure expansion projects included in smart city initiatives are expected to further increase the demand for LED outdoor lighting.

Leading Market Player

10.89 %

market share, Signify (Philips), 2022

Signify Philips holds the largest market share individually. Signify has been driving the shift from conventional fluorescent lighting to the more environmentally friendly LED.

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

France LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle 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.