Market Size of uk indoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 578.00 Million |
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Market Size (2030) | USD 665.63 Million |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 2.38 % |
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Fastest Growing by Indoor Lighting | Agricultural Lighting |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Indoor LED Lighting Market Analysis
The UK Indoor LED Lighting Market size is estimated at 578.00 million USD in 2024, and is expected to reach 665.63 million USD by 2030, growing at a CAGR of 2.38% during the forecast period (2024-2030).
578.00 Million
Market Size in 2024 (USD)
665.63 Million
Market Size in 2030 (USD)
-0.57 %
CAGR (2017-2023)
2.38 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
46.85 %
value share, Industrial and Warehouse, 2023
The United Kingdom experienced an export boom led by the increased demand for new warehouses. In 2022, there was an increase of 900,000 square meters of warehouse space.
Largest Segment by Commercial
48.51 %
value share, Retail, 2023
In 2019, retail sales in the UK were worth GBP 439 billion. The increase in online retail stores corresponded to the increase in the revenue of the retail industry in the UK.
Fastest-growing Segment by Indoor Lighting
2.95 %
Projected CAGR, Agricultural Lighting, 2024-2030
The increasing urban population in the United Kingdom is generating demand for smart cities. The urban population increased from 84.1% in 2021 to 84.4% in 2022.
Fastest-growing Segment by Commercial
2.28 %
Projected CAGR, Retail, 2024-2030
Retailers are opening new stores to achieve maximum visibility for customers and expand the retail market in the United Kingdom with over 300,000 separate businesses.
Leading Market Player
17.81 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share individually. The company primarily focuses on innovations based on an energy-efficient portfolio, leading to major brand value recognition.
The growing industrial production and investments in technology startups driving the market’s growth
- In terms of value share, in 2023, the industrial and warehouse (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
- New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
- As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting.
- In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over the coming years.
UK 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, the industrial and warehouse (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
- New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
- As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting.
- In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over the coming years.
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| Agricultural Lighting | |||||
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| Industrial and Warehouse | |||||
| Residential |
UK Indoor LED Lighting Market Size Summary
The UK Indoor LED Lighting Market is poised for steady growth, driven by various sectors such as industrial, commercial, and residential. The industrial and warehouse segment currently holds the largest market share, with expectations of continued expansion. The market is influenced by factors like the recovery of industrial production post-COVID-19, government support for new technologies like electric vehicles, and the rise of technology startups, which are boosting demand in the commercial segment. The increasing number of households and the high disposable income in the UK are also contributing to the demand for LED lighting, particularly in residential spaces. Despite a decline in housing projects, the push for energy-efficient lighting solutions, such as the government's consultation on new lighting proposals, is expected to sustain demand.
The market landscape is moderately consolidated, with major players like LEDVANCE GmbH, NVC International Holdings Limited, Signify, Thorlux Lighting, and Thorn Lighting Ltd leading the charge. Government initiatives, such as the "Green Home Grant Scheme" and the phase-out of halogen bulbs, are further propelling the shift towards LED lighting. These policies aim to reduce carbon emissions and encourage the adoption of energy-efficient solutions. Additionally, innovative product launches, like Luminaire LED's Vandal Resistant Downlight and Aculux's AXE series improvements, highlight the ongoing advancements in LED technology. Such developments are anticipated to enhance the market's growth trajectory over the forecast period.
UK 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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UK Indoor LED Lighting Market Size FAQs
How big is the UK Indoor LED Lighting Market?
The UK Indoor LED Lighting Market size is expected to reach USD 578.00 million in 2024 and grow at a CAGR of 2.38% to reach USD 665.63 million by 2030.
What is the current UK Indoor LED Lighting Market size?
In 2024, the UK Indoor LED Lighting Market size is expected to reach USD 578.00 million.
