EUROPE INDOOR LIGHTING MARKET SCENARIO
With the rising urbanisation, artificial light is replacing natural light. The market for indoor lighting in Europe was estimated to be worth USD 14056.13 million in 2021 and is anticipated to grow to USD 21787.15 million by 2029, recording a CAGR of 5.40% over the forecast period of 2022-2029. Due to its long lifespan relative to other lighting technologies, "Light Emitting Diode (LED)" is the largest lighting technology sector in the relevant market. The Data Bridge Market Research team's in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis are all included in the market research.
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The high quality Europe Indoor Lighting Market report makes available sustainable forward looking growth programs to ensure business success which is imperative for organizations. The report provides an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter's five force analysis. These market insights are often critical to key business processes such as product planning, new product development, distribution route planning and sales force development. The report also includes detailed profiles for the Europe Indoor Lighting Market’s major manufacturers and importers who are influencing the market.
Europe Indoor Lighting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Energy Efficiency and Low Carbon Emissions
The growing need for energy-saving and low-carbon-emission-oriented solutions propels the global indoor lighting market. Energy efficiency is an important aspect of a country's economic development. There has been a growing demand to reduce energy usage and carbon emissions as a result of rising global warming and regulatory regulations.
- Increase in Number of Smart Cities
The increase in demand for LED Lighting encouraged by the modernization and development of infrastructure such as smart cities accelerate the market growth. Also, penetration of LEDs as a light source in general lighting has a positive impact on the market.
- High Popularity of LED
The increase in popularity of LEDs among population as they are reliable, efficient, and offer a longer life span further influence the market. These lights are known to be cost-effective compared to incandescent lights.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the indoor lighting market.
Opportunities
Furthermore, development of wireless technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.
EUROPE INDOOR LIGHTING MARKET SEGMENTATION
Type
- Lamps
- Fixtures
- Downlight
- Panels
- Spotlights
- Tracklights
- Battens
- Highbay
- Linear System
- Floodlights
- Bulkheads
- Street Lighting
- Others
Mode of Operation
- Manual
- Automatic
Wattage Type
- Less Than 50 W
- 50–150 W
- More Than 150 W
Distribution Channel
- Traditional Channel
- Online Sales
Lighting Technology
- Light Emitting Diode (LED)
- Compact Fluorescent Light Bulbs (CFL)
- Incandescent Bulbs
Installation Type
- New Installation
- Retrofit Installation
Application
- Residential
- Commercial
- Office Lighting
- Industrial
- Agriculture/Animal Care
- Sport Club/Gym
- Dockyard/Harbour
- Retail
- Shop Lighting
- Hospitality
- Sports Halls and Gyms
- Art Galleries
- Museum
- Pedestrian Traffic Areas
- Others
BASIC QUESTIONS ASKED
- How will new trends impact the market for Europe Indoor Lighting Market?
- What are the main commercial prospects for producers of Europe Indoor Lighting Market?
- What Impact Will Regulation Have on the World Market for Europe Indoor Lighting Market?
- Which Geographic Area Offers the Best Prospects for the Sales of Europe Indoor Lighting Market?
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KEY MARKET COMPETITORS COVERED IN THE REPORT
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (US)
- Astute Lighting Ltd (UK)
- Bamford Lighting (UK)
- Dextra Group (UK)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell incorporated (US)
- Ideal Industries, Inc (US)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (US)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
MAJOR TOC OF THE REPORT
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Europe Indoor Lighting Market, By Type
- Europe Indoor Lighting Market, By Source
- Europe Indoor Lighting Market, By Therapy
- Europe Indoor Lighting Market, By Transporting Capacity
- Europe Indoor Lighting Market, By Route of administration
- Europe Indoor Lighting Market, By Region
- Europe Indoor Lighting Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=europe-indoor-lighting-market
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