Market Trends of france outdoor led lighting Industry
Investments in sports and related infrastructure to drive the growth of LED lighting
- The number of stadiums in France is expected to grow from 139 in 2023 to 152 in 2030, with a CAGR of 1.2%. The sports industry has undergone a number of changes in recent years. Floodlights were installed in 2015 as part of renovations at the Pierre Mauroy stadium in Lille. The Orange Velodrome in Marseille became France's largest 100% LED stadium in 2019 when Signify installed LED lighting. Total light management for LED technology was featured at Stade Louis II in 2020. These elements support the expansion of the French outdoor LED lighting market.
- The nation supports the building of stadiums and provides investment opportunities for different sports. For instance, as the nation prepared for the Paris 2024 Olympic and Paralympic Games, the French government's investments in sports were expected to increase significantly in 2020. The budget for the Sports Ministry was expected to increase in 2020 and reach EUR 710.4 million (GBP 613.8 million/USD 793.5 million) as part of plans to demonstrate the government's desire to support sports. Over EUR 129 million (GBP 111.5 million/USD 144.1 million) is anticipated to be invested in sporting facilities over the coming years.
- The new stadium building for Nîmes Olympique 2022 is expected to be among the most recently completed projects, while the second stadium will be finished by 2026. A professional football stadium with a capacity of 26,280, Stade de la Meinau, will be revamped completely, with construction having started in 2021. Some of the significant tournaments in France during the study period have been the Rugby World Cup France 2023, FIVB Volleyball Men's Nations League, FIBA 3x3 Women's Series, and the 2024 Olympic Games. Due to such developments, the outdoor LED lighting market is expected to grow in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
Increasing passenger car and battery electric private and utility car registration to drive the growth of LED market.
- France's total population has been growing for years, reaching 67.64 million in 2021. The fertility rate in France looks to be 1.83 children for every woman. The overall life expectancy at birth in France was expected to be 82.32 years in 2021. Over the years, the nation's rate has remained consistent. The death rate in France fell by 0.2 per 1,000 people (-2.02%) in 2021 compared to 2020. Overall, the death rate decreased, falling to 9.7 deaths per 1,000 people in 2021. According to the data, there are more people in the country who will need more space to live in, which may help the market expand.
- In France, there were about 31 million households in 2021, and there were 2.19 individuals in each family on average as of 2018. In France, as of the fourth quarter of 2021, there were over 29,712 new dwelling units that had been sold or reserved for sale. There were around 27,918 completed or scheduled house sales in the fourth quarter of 2020. The rising number of homes sold is expected to increase the usage of LEDs in the country.
- As of January 2022, there were more than 38.7 million passenger vehicles in the French fleet, up from over 35.8 million in 2011. Until 2022, the number of passenger vehicles on the road had continuously increased. Additionally, since electric passenger car registrations first appeared on the French automobile market, they have dramatically increased. Nearly 219,800 new battery-powered electric private and utility cars were registered in France in 2022, which was an increase of almost 26.1% from the previous year. The sale of LEDs in France may benefit from the rise in automotive vehicle sales.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising commercial real estate investments and EV leasing schemes may drive the sales of LED lights
- Energy renovation and energy-efficient projects to drive the growth of the LED market
- Low cost of LED lights, modernization of streetlights, and replacement of halogen bulbs with energy-efficient lights may drive the LED market
- Government to push energy saving initiatives, thus increasing EV registrations and subsidies to drive the LED market
- High per capita income and energy saving schemes to promote the use of LED lights
