Market Size of france indoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.28 Billion |
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Market Size (2030) | USD 2.06 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 8.21 % |
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Fastest Growing by Indoor Lighting | Industrial and Warehouse |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
France Indoor LED Lighting Market Analysis
The France Indoor LED Lighting Market size is estimated at 1.28 billion USD in 2024, and is expected to reach 2.06 billion USD by 2030, growing at a CAGR of 8.21% during the forecast period (2024-2030).
1.28 Billion
Market Size in 2024 (USD)
2.06 Billion
Market Size in 2030 (USD)
9.90 %
CAGR (2017-2023)
8.21 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
72 %
value share, Industrial and Warehouse, 2023
In France, manufacturing is the most important sector, accounting for 86% of total production. French industrial production increased by 1.1% over one month in December 2022.
Largest Segment by Commercial
24.99 %
value share, Retail, 2023
France is one of Europe’s largest retail markets. France is home to many renowned retail brands, including some of the largest retail chains in the world, such as Carrefour, Casino, and Mulliez Group.
Fastest-growing Segment by Indoor Lighting
8.90 %
Projected CAGR, Industrial and Warehouse, 2024-2030
Warehousing constitutes a key element of logistics in France, representing 10% of the national GDP. Manufacturing output rose by 0.3% M-o-M in December 2022, after +2.4% in November 2022.
Fastest-growing Segment by Commercial
6.36 %
Projected CAGR, Retail, 2024-2030
Openings, redevelopments, and extensions of stores and property investments by retailers are expected to lead to maximum visibility for customers and the growth of the retail market in France.
Leading Market Player
12.36 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share individually. For a long time, Signify has been driving the shift from conventional fluorescent lighting to more environment-friendly LED.
Increasing developments in the industrial and residential segments, along with FDI flows in the commercial office segment, driving the market’s growth
- 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.
Understand The Key Trends Shaping This Market
France 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, 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.
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| Residential |
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France Indoor LED Lighting Market Size Summary
The France Indoor LED Lighting Market is experiencing a significant transformation, driven by various factors including industrial growth, residential construction, and government initiatives. The market is characterized by a diverse range of segments, with industrial and warehouse lighting currently holding a substantial share. The resurgence of industrial production in France, partly due to the COVID-19 pandemic's impact, has led to increased demand for LED lighting in these sectors. Meanwhile, the residential segment, despite mixed construction activity results, remains a major contributor to market volume. The shift of populations from urban to provincial areas has further stabilized the demand for residential indoor lighting. The office segment, which saw a decline during the pandemic due to remote work trends, is expected to rebound, thereby boosting LED demand.
Government policies and programs play a crucial role in shaping the LED lighting market in France. Initiatives like the Energy Savings Certificate scheme and the "Ma PrimeRénov" program are designed to encourage energy-efficient upgrades, including the adoption of LED lighting. These programs, coupled with high disposable income and purchasing power, are expected to drive further penetration of LED technology in both residential and commercial sectors. The market is also supported by significant projects aimed at enhancing energy efficiency, such as the replacement of streetlights with LED alternatives. The competitive landscape is fragmented, with major players like EGLO Leuchten GmbH, LEDVANCE GmbH, OSRAM GmbH, Signify (Philips), and Thorn Lighting Ltd leading the market. Innovations in LED technology, such as those introduced by Signify and Osram, continue to enhance the appeal and efficiency of LED lighting solutions in France.
France 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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France Indoor LED Lighting Market Size FAQs
How big is the France Indoor LED Lighting Market?
The France Indoor LED Lighting Market size is expected to reach USD 1.28 billion in 2024 and grow at a CAGR of 8.21% to reach USD 2.06 billion by 2030.
What is the current France Indoor LED Lighting Market size?
In 2024, the France Indoor LED Lighting Market size is expected to reach USD 1.28 billion.
