France LED Lighting Market Outlook to 2027F

France LED Lighting Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of LED Lighting Industry in France. The report covers an overview and genesis of the industry, market size in terms of number of products sold and revenue generated.

Its market segmentations include By Product Type, By Usage, By Sector, By Sales Channel and By Lumens in Lighting; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the France LED Lighting market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The French lighting market contributed to a global growth rate of ~%. France LED Lighting market has recorded robust growth over the last few years, offering exciting opportunities for online retailers across various sectors.

It is anticipated that the manufacture of luminaires would increase shortly due to escalating government activities toward their use. They include the lights that are installed in high bays, tunnels, streets, rails, troffers, and other locations.

New streetlights and track lights are being installed as a result of the rapidly expanding use of solar LEDs in distant places and strict government requirements regarding green technology across France.

Key Trends by Market Segment:

By Product Type:

The luminaries segment dominated the overall France LED light market share in 2022 and is expected to remain dominant during the forecast period. The strong demand for luminaires originates from recently built homes and businesses. They include the lights that are installed in high bays, tunnels, streets, rails, troffers etc.

By Sales Channel: The retail/wholesale segment is likely to hold the largest market share between 2022 and 2027 as it is likely to be the most preferred choice among consumers. The presence of many retail stores and various advantages associated with this option, such as high product quality, on-site product verification, and instant product availability, are some key factors driving the growth of this segment.

Competitive Landscape

In France LED Lighting Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. France LED lighting market is moderately fragmented in nature. The major parameters on which these players complete includes product variant, channels of distribution, easy availability of LED lamps in different color and consumer interest in high-lumen low-watt products. Few major players include Thorlux Lighting, Arlus, Lucibel SA, CLARTE Lighting etc.

Future Outlook

During the forecast period of 2022P-2027F, it is anticipated that the lighting market in France will grow at a CAGR of ~%, leading to consumption of ~ tons by 2027F. Major players account for a considerable percentage of retail sales in the region and actively participate in partnerships and product innovations to gain more market share in future. LED lighting sales are continuing to rise in France. New markets are forming, and established markets have the potential to grow even more in the forecasted period.

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