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Germany LED Lighting Market Size

The Germany LED Lighting Market is projected to experience significant growth over the forecast period, with industrial and warehouse lighting anticipated to dominate in terms of market share. The market's expansion is driven by the increasing adoption of LED lighting in various sectors, including residential, commercial, and agricultural. The country's unique housing landscape, characterized by a low homeownership rate and a high demand for rental apartments, further fuels the demand for LED solutions. Innovations in LED technology, such as energy-efficient products suitable for industrial applications, are also contributing to the market's growth trajectory.

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Market Size of germany led lighting Industry

Germany LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.88 Billion
svg icon Market Size (2030) USD 2.61 Billion
svg icon Largest Share by Indoor Lighting Industrial and Warehouse
svg icon CAGR (2024 - 2030) 5.55 %
svg icon Fastest Growing by Indoor Lighting Industrial and Warehouse
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Germany LED Lighting Market Analysis

The Germany LED Lighting Market size is estimated at 1.88 billion USD in 2024, and is expected to reach 2.61 billion USD by 2030, growing at a CAGR of 5.55% during the forecast period (2024-2030).

1.88 Billion

Market Size in 2024 (USD)

2.61 Billion

Market Size in 2030 (USD)

-1.44 %

CAGR (2017-2023)

5.55 %

CAGR (2024-2030)

Largest Segment by Automotive Utility Lighting

62.40 %

value share, Headlights, 2023

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The innovations by German manufacturers, such as Porsche's high-resolution HD matrix technology, representing the development of the next generation of lighting technology.

Largest Segment by Automotive Vehicle Lighting

91.60 %

value share, Passenger Cars, 2023

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In September 2022, new passenger car registrations in Germany increased by 14% Y-o-Y to around 225,000 units. The increase in the number of cars indicates more use of LED lights.

Largest Segment by Indoor Lighting

61.06 %

value share, Industrial and Warehouse, 2023

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Manufacturing companies had sales of EUR 2.096 trillion, with the automobile industry leading at EUR 459.0 billion in 2020. This indicates the use of more LED lights in industries.

Largest Segment by Outdoor Lighting

82.34 %

value share, Public Places, 2023

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The ongoing transformation and infrastructure expansion projects included in smart city initiatives are expected to further increase the demand for LED outdoor lighting in public places.

Leading Market Player

22.30 %

market share, OSRAM GmbH., 2022

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OSRAM acquired Trilux Group subsidiary BAG Electronics to enhance its electronic component business. The acquisition is a step for Osram on its way to transforming a high-tech company.

Increasing development in the industrial sector and an increase in the number of residential houses are expected to drive the growth of LED lighting market

  • In terms of value, industrial and warehouse lighting was expected to hold the largest share in 2023, followed by residential, commercial, and agricultural lighting. German industrial companies make a significant contribution to the country's prosperity at around 60% of total R&D expenditure. Companies are also involved in strategic development. For instance, in 2023, Osvětléní Černoch s.r.o. built a new production and storage hall to increase its industrial production capacity. This indicated an increase in the number of industries and storage areas and an increase in the use of LED lighting.
  • In terms of value, residential lighting accounted for the largest share in 2023, followed by commercial, industrial and warehouse, and agricultural lighting. From 2017 to 2020, Germany's homeownership rate declined slightly. About 49.1% of the population lived in apartments in 2021, and in 2022 it reached 46.7%. This made Germany one of the countries with the lowest home ownership rates and the largest market for rental apartments in Europe. This marked the growth of rental accommodation, which also accelerated the adoption of LEDs in the country.
  • In the area of innovation, Philips unveiled the new Philips TrueForce LED high bay universal lamp in 2023. It is easy to install, has a low initial investment, saves energy, and is especially suitable for industrial applications in warehouses and retail areas. In 2019, the company expanded its presence in the cathedral city of Cologne with the opening of the TRILUX Light Campus. These developments are driving the growth of the LED lighting market.
Germany LED Lighting Market

Germany LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.

  • In terms of value, industrial and warehouse lighting was expected to hold the largest share in 2023, followed by residential, commercial, and agricultural lighting. German industrial companies make a significant contribution to the country's prosperity at around 60% of total R&D expenditure. Companies are also involved in strategic development. For instance, in 2023, Osvětléní Černoch s.r.o. built a new production and storage hall to increase its industrial production capacity. This indicated an increase in the number of industries and storage areas and an increase in the use of LED lighting.
  • In terms of value, residential lighting accounted for the largest share in 2023, followed by commercial, industrial and warehouse, and agricultural lighting. From 2017 to 2020, Germany's homeownership rate declined slightly. About 49.1% of the population lived in apartments in 2021, and in 2022 it reached 46.7%. This made Germany one of the countries with the lowest home ownership rates and the largest market for rental apartments in Europe. This marked the growth of rental accommodation, which also accelerated the adoption of LEDs in the country.
  • In the area of innovation, Philips unveiled the new Philips TrueForce LED high bay universal lamp in 2023. It is easy to install, has a low initial investment, saves energy, and is especially suitable for industrial applications in warehouses and retail areas. In 2019, the company expanded its presence in the cathedral city of Cologne with the opening of the TRILUX Light Campus. These developments are driving the growth of the LED lighting market.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
Outdoor Lighting
Public Places
Streets and Roadways
Others
Automotive Utility Lighting
Daytime Running Lights (DRL)
Directional Signal Lights
Headlights
Reverse Light
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
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Germany LED Lighting Market Size Summary

The Germany LED Lighting Market is experiencing a robust growth trajectory, driven by increasing demand across various sectors such as industrial, residential, commercial, and agricultural lighting. The industrial and warehouse lighting segments are particularly prominent, reflecting the significant contribution of industrial companies to Germany's economy and their substantial investment in research and development. The market is also bolstered by strategic developments, such as the expansion of production capacities and the introduction of innovative lighting solutions like Philips' TrueForce LED high bay lamp. The rise in rental accommodations, due to a declining homeownership rate, further accelerates the adoption of LED lighting, as more individuals seek energy-efficient solutions for their living spaces.

Germany's LED lighting market is supported by a combination of factors, including high disposable income, government initiatives, and a growing population. The country's focus on energy efficiency, exemplified by programs like the "Federal Funding for Efficient Buildings," encourages the adoption of LED technology. The automotive sector's transition to electric vehicles also contributes to market expansion, as increased vehicle production necessitates enhanced lighting solutions. The market is moderately consolidated, with major players like LEDVANCE GmbH, Marelli Holdings Co. Ltd, OSRAM GmbH, Signify (Philips), and Valeo leading the charge. Recent innovations, such as Signify's WiZ smart lighting system and energy-efficient LED tubes, underscore the ongoing advancements in the sector, positioning Germany as a key player in the global LED lighting landscape.

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Germany LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

    2. 1.2 Outdoor Lighting

      1. 1.2.1 Public Places

      2. 1.2.2 Streets and Roadways

      3. 1.2.3 Others

    3. 1.3 Automotive Utility Lighting

      1. 1.3.1 Daytime Running Lights (DRL)

      2. 1.3.2 Directional Signal Lights

      3. 1.3.3 Headlights

      4. 1.3.4 Reverse Light

      5. 1.3.5 Stop Light

      6. 1.3.6 Tail Light

      7. 1.3.7 Others

    4. 1.4 Automotive Vehicle Lighting

      1. 1.4.1 2 Wheelers

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 Passenger Cars

Germany LED Lighting Market Size FAQs

The Germany LED Lighting Market size is expected to reach USD 1.88 billion in 2024 and grow at a CAGR of 5.55% to reach USD 2.61 billion by 2030.

In 2024, the Germany LED Lighting Market size is expected to reach USD 1.88 billion.

Germany LED Lighting Market Report Snapshots

Germany LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030