France LED Lighting Market Overview, 2028

LED-based lighting is preferable over conventional lighting systems, due to its greater energy efficiency, longer lifespan, and lower operating costs. As the lighting industry transitions to solid-state lighting and LED sources, France is one of the most innovative lighting industries worldwide. The use of LED lighting has increased in both home and business settings. They are effective, durable, and have good illumination, which accounts for this. Indeed, it has been proven that these fixtures may use up to 90% less energy and have a lifespan of up to 100 times longer than incandescent lighting. According to the research report “France LED Lightning Market Overview, 2028," published by Bonafide Research, the market will grow by USD 1.96 Billion in the upcoming period, 2022–2028. 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, primarily from recently built homes and businesses, is to blame for this. Furthermore, it is anticipated that the manufacture of these 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. Additionally, 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 many nations. Additionally, the development of smart city initiatives and the expansion of construction activities help the sales of luminaires. The market for LED lighting in France is divided into segments based on type, application, installation style, end user, distribution method, regional distribution, and firm. Outdoor lighting and interior lighting are two more market divisions that may be made based on application. For the anticipated time, a significant market share is anticipated to belong to the interior lighting sector. One of France’s top goals now is energy efficiency. The government has long pushed for a greener world. The French government has been leading the charge to implement energy-saving practices throughout the area. The government's official regulations support home automation systems Another important element for the market's growth is the falling cost of lighting. Their increasing penetration for many applications, including residential, commercial, and industrial lighting, is the result of price erosion. The cost of manufacture has decreased significantly as a result of technological breakthroughs in France, and smart lights' operating lifespan and efficiency have increased significantly in recent years. As a result, the cost of lighting has decreased significantly. As an illustration, the typical cost of a 60W LED product decreased from $50 in January 2011 to $10 in July 2018. Furthermore, the French Department of Energy predicts that, with the adoption of energy-efficient solutions, the country's energy consumption for lighting applications would drop by 40–60% by 2028, at the most optimistic estimate. The study also examines the market's competitive landscape and provides summaries of the top players in the industry. Alternative components, Doctor Museo, Teledyne gas and flame detection, Metrohm AG, Real Tech Inc., Royal Eijkelkamp, Tana Oy, NiVus GmbH, Delta-T Devices Ltd, Bertin Instruments, AMETEK Land Instrument International Ltd, and Seoulviosys Co., Ltd. are only a few of the companies that are mentioned. Covid19 impact on the LED Light Market The COVID-19 epidemic has had a significant impact on nearly every area of the global economy, particularly the hotel industry. Because China, which is also the source of this epidemic, is a major supplier of both finished electronic goods and raw materials, it has had a significant impact on the market for electronic gadgets. Price changes, supply interruptions, and output losses affected the whole industrial sector. Although these difficulties could spur local manufacturers in France to advance their enterprises and processes, the scarcity of essential raw materials is a significant barrier. The market began to expand after the Covid 19. Considered in this report • Geography: France • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • France LED Light market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Lamps : • A-Type • T-type • Others (Can LED light bulbs, Flood LED light bulbs, Track LED light bulbs, Tube LED light bulbs, Etc.) • Luminaries : • Downlighting • Decorative • Directional • Others By Application: • Indoor • Outdoor By Sales Channel: • Retail/ Wholesale • Direct Sale • E-commerce By Installation Type: • New • Retrofit The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the LED Lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.