Due to the significant shift in demand for LED technology with improved features and usage, the need for outdoor LED lighting has historically experienced moderate growth. This is anticipated to accelerate the market’s growth throughout the forecast period.
Dominance of Lamps: The lamp accounted for the largest share in 2021. The rising demand for A-type and T-type lamps in residential and commercial sectors helped the lamps segment acquire a significant share of the market throughout the period. The rising demand for advanced lamps such as MR-16 lamps and reflector lamps, especially in retail applications such as small stores, retail shops, and malls, is also expected to help the segment retain dominance.
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Expanding Commercial Sector: The expansion of the local IT and automotive sectors has contributed to the success of Germany’s commercial and industrial sector. Additionally, the area has largely recovered from the financial crisis of 2008, and the majority of its affected industries have been seeing consistent development over the years. Since the aforementioned financial crisis, the region’s office vacancy rates dropped to their lowest levels in 2021. Over the course of the forecast period, favourable business circumstances and expanding individual economies are anticipated to boost demand for LED lighting in the area.
Favorable Government Role: Government and electricity supply providers worked together to provide commercial businesses with discounted LED lighting. Such partnerships are anticipated to further promote the adoption of LED lighting solutions in the enterprise sector because LED lighting significantly reduces electricity and maintenance costs when compared to conventional technologies like gas discharge lights, incandescent lights, and compact fluorescent lights.
Analysts at Ken Research in their latest publication “Germany LED Market Outlook to 2027F – by End Users (Commercial, Retail, Hospitality, Industrial), Product Type (Lamps and Luminaires), Distribution Channel (Direct Sales, Wholesale).” observed that Germany LED Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years owing to the growing consumer awareness about the environment, the durability of these lights and the government mandates for energy efficiency. The LED market in Germany is expected to grow at ~% CAGR over the forecasted
Key Segments Covered in the report
- By End Users
- Commercial Offices
- Retail
- Hospitality
- Industrial
- By Product Type
- Lamps
- Luminaires
- By Distribution Channels
- Direct Sale
- Wholesale
Key Target Audience
- Existing LED Lighting Manufacturers in Germany
- New Market Entrants- Domestic OEMs
- New Market Entrants- Foreign OEMs
- Real Estate Companies
- Government Bodies
- Investors & Venture Capital Firms
- Lighting Equipment Manufacturers and Importers
- LED Lighting Retail Chains
- Lighting Equipment Distributors
- Lighting Equipment Associations
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Period: 2022P
- Forecast Period: 2022P-2027F
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Companies Covered:
- Eglo
- Ledvance
- Bega
- Eaton
- Dialight
- ShineLong
- MBN PROLED
Key Topics Covered in the Report
- Germany LED Market Overview
- Germany LED Market Segmentation
- Ecosystem and Business Cycle of Germany LED Market
- Market Share of Major Players in Germany LED Market
- Competition Scenario of Germany LED Market
- Industry Analysis of Germany LED Market
- Value Chain of Germany LED Market
- Key Growth Drivers in Germany LED Market
- End User Analysis of Germany LED Market
- Key Challenges of Germany LED Market
- SWOT Analysis of Germany LED Industry
- Future Outlook of Germany LED Market
- Trends and Development of Germany LED Market
- Analyst Recommendations
- Research Methodology
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