Europe Architectural Lighting Market Size & Outlook
Europe architectural lighting market, 2018-2030 (US$M)
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Europe architectural lighting market highlights
- The Europe architectural lighting market generated a revenue of USD 2,397.4 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,397.4 million |
| Market revenue in 2030 | USD 3,767.7 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.2% of the global architectural lighting market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,512.4 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 17.91% in 2023. Horizon Databook has segmented the Europe architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
The European architectural lighting sector has witnessed considerable developments and changes in recent years. To meet the changing needs of the built environment, it has adopted revolutionary technologies, sustainable practices, and smart solutions.
The stringent regulatory framework and energy-efficiency policies and standards in Europe have significantly impacted the region’s architectural lighting sector. These laws require the use of energy-efficient lighting technology and establish performance requirements for lighting systems.
For instance, the EU Eco-Design Directive regulates energy efficiency requirements for lighting products, stimulating innovation and utilization of efficient lighting solutions. Several European cities are launching smart city initiatives, including automated lighting systems. These systems make use of sensors and data analytics to optimize illumination based on real-time conditions, resulting in energy savings and better urban living.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe architectural lighting market , including forecasts for subscribers. This continent databook contains high-level insights into Europe architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe architectural lighting market size, by country, 2018-2030 (US$M)
Europe Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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