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UK LED Lighting Market Size

The UK LED lighting market is projected to experience growth over the forecast period, driven by increasing demand across various segments. The industrial and warehouse segment currently holds the largest market share, with expectations for growth in both the industrial and residential sectors. Despite challenges such as supply chain disruptions and the impact of the COVID-19 pandemic, the market has shown resilience, supported by advancements in technology and government initiatives. The rise in online shopping is anticipated to lead to more warehouse developments, further boosting the demand for indoor lighting. Additionally, the growth of technology startups in the UK is contributing to increased demand in the commercial segment, indicating a positive outlook for the market size in the coming years.

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Market Size of uk led lighting Industry

UK LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.32 Billion
svg icon Market Size (2030) USD 1.72 Billion
svg icon Largest Share by Indoor Lighting Industrial and Warehouse
svg icon CAGR (2024 - 2030) 4.56 %
svg icon Fastest Growing by Indoor Lighting Agricultural Lighting
svg icon Market Concentration Low

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

Key Players

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UK LED Lighting Market Analysis

The UK LED Lighting Market size is estimated at 1.32 billion USD in 2024, and is expected to reach 1.72 billion USD by 2030, growing at a CAGR of 4.56% during the forecast period (2024-2030).

1.32 Billion

Market Size in 2024 (USD)

1.72 Billion

Market Size in 2030 (USD)

-1.74 %

CAGR (2017-2023)

4.56 %

CAGR (2024-2030)

Largest Segment by Automotive Utility Lighting

40.24 %

value share, Headlights, 2023

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The government mandates regulation for headlights and innovations by manufacturers such as Aston Martin, and it unveiled the redesigned DB12 in May 2023.

Largest Segment by Automotive Vehicle Lighting

91.10 %

value share, Passenger Cars, 2023

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Increasing government grants and incentives to promote EVs in the nation would raise EV sales, enhancing the usage of LED lighting in the passenger car segment.

Largest Segment by Indoor Lighting

46.85 %

value share, Industrial and Warehouse, 2023

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The growing demand for EVs is expected to create more manufacturing facilities and warehouses in the coming years and increase the use of LED lights.

Largest Segment by Outdoor Lighting

80.82 %

value share, Public Places, 2023

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Smart city initiatives, such as Heathrow Airport's LED modernization carried out in collaboration with Glamox Luxo Lighting, are expected to support the development of the market.

Leading Market Player

11.16 %

market share, Signify (Philips), 2022

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Signify Philips holds the largest market share individually. The company mostly focuses on innovations based on the energy-efficient portfolio, leading to major brand value recognition.

The growing industrial production and investments in technology startups driving the market’s growth

  • In terms of value share, in 2023, the industrial and warehouse (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
  • New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
  • As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting
  • In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over the coming years.
UK LED Lighting Market

UK 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 share, in 2023, the industrial and warehouse (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
  • New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
  • As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting
  • In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over the coming years.
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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UK LED Lighting Market Size Summary

The UK LED lighting market is poised for significant growth, driven by various sectors such as industrial, commercial, residential, and agricultural. The industrial and warehouse segment currently holds the largest market share, with expectations of continued expansion. The market's growth trajectory is supported by advancements in technology, including electric vehicles and connected technologies, which receive government backing. This support is anticipated to enhance the demand for indoor LED lighting. Additionally, the rise in online shopping is expected to spur the development of new warehouses, further increasing the demand for LED lighting solutions. Despite challenges like supply chain disruptions during the COVID-19 pandemic, the UK's industrial production has rebounded, contributing to the sustained demand for indoor lighting.

The residential sector also presents a promising opportunity for LED market growth, fueled by an increase in housing stock and a rise in property transactions. The growing number of households and families, coupled with high disposable income, is expected to drive the demand for energy-efficient lighting solutions. Government initiatives, such as the proposal to replace old halogen bulbs with low energy-use LEDs, are likely to further boost market demand. The UK LED lighting market is characterized by fragmentation, with key players like Grupo Antolin Irausa SA, LEDVANCE GmbH, Marelli Holdings Co. Ltd, Signify (Philips), and Thorlux Lighting leading the charge. Recent product launches and innovations in outdoor and architectural lighting solutions underscore the dynamic nature of the market, positioning it for continued expansion in the coming years.

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UK 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

UK LED Lighting Market Size FAQs

The UK LED Lighting Market size is expected to reach USD 1.32 billion in 2024 and grow at a CAGR of 4.56% to reach USD 1.72 billion by 2030.

In 2024, the UK LED Lighting Market size is expected to reach USD 1.32 billion.

UK LED Lighting Market Report Snapshots

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