United Kingdom LED Lighting Market, By Type (LED Bulbs & Lamps, Batten Lights, Downlights, Others), By Application (Outdoor Lighting, Indoor Lighting), By Installation Type, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2027

Report
76 Pages
July 2022
Region: United Kingdom
TechSci Research
ID: 5624466

United Kingdom LED lighting market is expected to grow at a significant CAGR during the forecast period

United Kingdom LED lighting market is expected to grow at a significant CAGR during the forecast period. LED light offer numerous advantages such as longer life span, lower heat levels, and are highly intense and bright in nature, which are factors significantly contributing to surge in the demand for LED lights in United Kingdom. Growing demand for lighting from commercial and residential spaces for proper lighting to provide better working and living condition is generating the need for energy efficient lights thereby creating lucrative opportunities for the LED lighting market in the country. LED lights are highly energy efficient in nature and the transition towards LED lighting can save huge expenses which in turn is expected to influence the growth of the market. Government initiatives to promote green revolution by adoption of emission free and energy efficient systems in United Kingdom is leading to high demand for installation of LED lights as LED lights are environment friendly and durable in nature. Also, the implementation of energy efficient regulations is aiding in minimizing the sales of incandescent lighting and halogen lighting. Market players are investing huge amounts to upgrade the existing technology infrastructure by widening the spectrum and improve the LED light output and quality.

United Kingdom LED lighting market is segmented into type, application, installation type, end user, distribution channel, regional distribution, and company. Based on application, the market can be further bifurcated into outdoor lighting and indoor lighting. The indoor lighting segment is expected to account for major market shar in the forecast period. Ongoing infrastructural activities along with upcoming construction projects require the installation of energy efficient LED lighting. High demand for in door lighting in United Kingdom and surge in expenditure capacity of consumers is driving the growth of this segment.

The major players operating in the United Kingdom LED lighting market are Philips Lighting UK, General Electric Company, Bamford Lighting, EGLO UK, Liteplan Limited, Dextra Lighting Ltd, Signify Commercial UK Ltd, FW Thorpe plc, Thorn Lighting Ltd, Crompton Lamps Limited, Maclean Electrical Group, Eaton Corporation Plc, among others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze the historical growth in the market size of United Kingdom LED lighting market from 2017 to 2021.
To estimate and forecast the market size of United Kingdom LED lighting market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast United Kingdom LED lighting market based on type, application, installation type, end user, distribution channel, regional distribution, and company.
To identify dominant region or segment in the United Kingdom LED lighting market.
To identify drivers and challenges for United Kingdom LED lighting market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United Kingdom LED lighting market.
To identify and analyze the profile of leading players operating in United Kingdom LED lighting market.
To identify key sustainable strategies adopted by market players in United Kingdom LED lighting market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the UK. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of United Kingdom LED lighting market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

LED lighting manufacturing companies
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to LED lighting market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United Kingdom LED lighting market has been segmented into following categories, in addition to the industry trends which have also been detailed below: