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
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