Market Size of europe outdoor led lighting Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.44 Billion |
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Market Size (2030) | USD 3.41 Billion |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 5.70 % |
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Largest Share by Country | United Kingdom |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Outdoor LED Lighting Market Analysis
The Europe Outdoor LED Lighting Market size is estimated at 2.44 billion USD in 2024, and is expected to reach 3.41 billion USD by 2030, growing at a CAGR of 5.70% during the forecast period (2024-2030).
2.44 Billion
Market Size in 2024 (USD)
3.41 Billion
Market Size in 2030 (USD)
0.97 %
CAGR (2017-2023)
5.70 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
71.04 %
value share, Public Places, 2023
The total sales of LED in this category are expected to reach 1,673.7 million units by the end of 2023. At 950,000 square meters, Germany's Europa Park is Europe's largest amusement park.
Fastest-growing Segment by Outdoor Lighting
6.12 %
Projected CAGR, Public Places, 2024-2030
Public places is the fastest growing segment, and it is projected to record a CAGR of 5.84%. The largest airport in terms of passenger numbers is London Heathrow Airport.
Largest by Country
18.31 %
value share, United Kingdom, 2023
The United Kingdom was the largest country by value share in 2022, accounting for 18.14%. The construction sector of the IT industry is booming owing to increasing investments and new infrastructure development initiatives in the UK.
Fastest-growing Segment by Country
7.22 %
Projected CAGR, Germany, 2024-2030
Germany is the fastest-growing country, and it is projected to record a CAGR of 7.44%. Germany offers great opportunities for LED and OLED suppliers in developing countries.
Leading Market Player
19.18 %
market share, Signify Holding (Philips), 2022
Signify held the maximum market share of 19.18% in 2022 in the region. Signify requested the European Union to more than double the annual building renovation rate to 3% to meet the emission reduction target.
Increasing use of LED lighting in amusement parks and parking lots and government regulations to ban traditional lamps will drive the growth of the LED lighting market
- In terms of value and volume, public spaces will account for the largest share in 2023, followed by roads and trails. Public places such as stadiums, pools, beaches, and forts were closed across the region to contain the spread of COVID-19. Europe relaxed the COVID-related rules in 2021. With the opening of buildings, the LED lighting market is also growing steadily. New amusement parks, such as Funtasy World Rödental in Germany and Pushkin Theme Park in Russia, will open in 2023. These developments will have a positive impact on the LED lighting market.
- With the emergence of retail outlets in the area, the demand for parking has increased. For example, IKEA bought the former Topshop flagship store on Oxford Street for GBP 378 million. IKEA plans to open its first store in the same building in 2023, specializing in household items such as lamps and curtains. Such instances in the market are expected to lead to increased demand for LED retail lighting products in the region. These developments will increase the number of public spaces, such as private parking spaces, and the use of LED lighting.
- A major factor driving the demand for LED products in Europe is the European Union's policy of banning the sale of inefficient lighting technologies. In 2009, Europe phased out the use of incandescent light bulbs. Directional halogen lamps were also discontinued in 2016. In September 2018, the region banned the sale of non-directional halogen lamps. These policies have facilitated the gradual replacement of traditional lighting products by consumers with those based on LED technology.
Understand The Key Trends Shaping This Market
Upgradation and renovation of stadiums, rising rail infrastructure, and use of street lights to drive the growth of the LED lighting market
- In terms of value and volume, the Rest of Europe occupied a major share in 2023, followed by the United Kingdom, France, and Germany. The market share is expected to be a small reduction in the Rest of Europe and gain in other remaining countries in coming years.
- Countries such as Spain, Barcelona, and Valencia are working to develop new stadiums and refurbish historical buildings in their countries. For example, Barcelona has secured EUR 1.45 billion (USD 1.6 billion) from multiple investors to begin construction of its Camp Nou stadium in 2023. Brussels planned to invest EUR 6 million (USD 6.5 million) in 2022. UEFA Euro 2024, EuroBasket 2025, and other events are some of the upcoming sporting events in Europe. Therefore, the renovation and construction of new stadiums and the increase in sports tournaments are expected to boost sales of LED lighting in the country.
- The smart building initiatives and falling average LED prices are also key drivers of LED demand. LEDs for building and street lighting have already been tested in German cities. In June 2023, a new phase of the Ukrainian government's program planned to replace old light bulbs. Since the program was launched in January 2023, millions of Ukrainian citizens have taken advantage of the opportunity to receive the latest light bulbs for free. In addition, investments in road network infrastructure are important for a variety of social, economic, and mobility-related reasons. On average, most European countries spend about 0.8% to 1.2% of their annual GDP on road networks. For example, in 2015, Austria implemented a program of investment in the Austrian motorway network.
Europe Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. France, Germany, United Kingdom are covered as segments by Country.
- In terms of value and volume, public spaces will account for the largest share in 2023, followed by roads and trails. Public places such as stadiums, pools, beaches, and forts were closed across the region to contain the spread of COVID-19. Europe relaxed the COVID-related rules in 2021. With the opening of buildings, the LED lighting market is also growing steadily. New amusement parks, such as Funtasy World Rödental in Germany and Pushkin Theme Park in Russia, will open in 2023. These developments will have a positive impact on the LED lighting market.
- With the emergence of retail outlets in the area, the demand for parking has increased. For example, IKEA bought the former Topshop flagship store on Oxford Street for GBP 378 million. IKEA plans to open its first store in the same building in 2023, specializing in household items such as lamps and curtains. Such instances in the market are expected to lead to increased demand for LED retail lighting products in the region. These developments will increase the number of public spaces, such as private parking spaces, and the use of LED lighting.
- A major factor driving the demand for LED products in Europe is the European Union's policy of banning the sale of inefficient lighting technologies. In 2009, Europe phased out the use of incandescent light bulbs. Directional halogen lamps were also discontinued in 2016. In September 2018, the region banned the sale of non-directional halogen lamps. These policies have facilitated the gradual replacement of traditional lighting products by consumers with those based on LED technology.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Country | |
| France | |
| Germany | |
| United Kingdom | |
| Rest of Europe |
Need A Different Region Or Segment?
Europe Outdoor LED Lighting Market Size Summary
The Europe Outdoor LED Lighting Market is experiencing steady growth, driven by various factors including the gradual recovery from COVID-19 restrictions and the increasing demand for energy-efficient lighting solutions. The market is characterized by a shift from traditional lighting technologies to LED-based systems, spurred by European Union policies banning inefficient lighting products. This transition is further supported by the development of new public spaces, such as amusement parks and retail outlets, which are expected to boost the demand for LED lighting. The market is also benefiting from the renovation and construction of stadiums and historical buildings, as well as the rise in sporting events across the region. These developments are anticipated to enhance the market's value and volume, with public spaces, roads, and trails being significant contributors.
The market landscape is fragmented, with key players like ams-OSRAM AG, LEDVANCE GmbH, Panasonic Holdings Corporation, Signify Holding, and Thorn Lighting Ltd. leading the charge. The introduction of innovative products, such as Cyclone Lighting's Elencia luminaire and Hydrel's M9700 RGBW fixture, highlights the ongoing advancements in outdoor LED technology. Additionally, the falling average prices of LEDs and the adoption of smart building initiatives are further propelling market growth. The increasing number of vehicles on European roads also presents a potential opportunity for LED lighting sales, particularly in automotive applications. As the market continues to evolve, these factors are expected to contribute to the overall expansion and modernization of outdoor LED lighting solutions in Europe.
Europe Outdoor 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 Outdoor Lighting
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1.1.1 Public Places
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1.1.2 Streets and Roadways
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1.1.3 Others
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1.2 Country
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1.2.1 France
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1.2.2 Germany
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1.2.3 United Kingdom
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1.2.4 Rest of Europe
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Europe Outdoor LED Lighting Market Size FAQs
How big is the Europe Outdoor LED Lighting Market?
The Europe Outdoor LED Lighting Market size is expected to reach USD 2.44 billion in 2024 and grow at a CAGR of 5.70% to reach USD 3.41 billion by 2030.
What is the current Europe Outdoor LED Lighting Market size?
In 2024, the Europe Outdoor LED Lighting Market size is expected to reach USD 2.44 billion.
