The Europe Energy Efficient Warehouse Lighting System Market is expected to witness market growth of 12.0% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Energy Efficient Warehouse Lighting System Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.79 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market would experience a CAGR of 12.9% during 2024-2031.
Technological innovation is another major growth driver in the energy efficient warehouse lighting system market. LED lighting, in particular, has revolutionized the industry with its low energy consumption, extended lifespan, and adaptability to various operational requirements. LEDs are perfect for warehouse settings because, in contrast to conventional lighting, they can tolerate tough climatic conditions like high humidity and extremely high temperatures.
Additionally, LEDs emit less heat than other lighting types, reducing the need for cooling and making the facility’s overall climate control more efficient. The rapid advancements in LED technology have also led to a significant decrease in prices, further driving adoption across warehouses of all sizes.
As one of Europe’s largest e-commerce markets, Germany saw its online retail sector revenue increase by 12%, reaching €111 billion in 2022, according to the Federal Association of E-Commerce and Mail Order (Bundesverband E-Commerce und Versandhandel Deutschland e.V.). This e-commerce growth drives demand for energy-efficient warehouse lighting systems. Operators seek sustainable ways to support the increased operational hours and energy demands of expanding inventory and order fulfillment needs.
The Germany market dominated the Europe Energy Efficient Warehouse Lighting System Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.79 billion by 2031. The UK market is exhibiting a CAGR of 11% during 2024-2031. Additionally, the France market would experience a CAGR of 12.9% during 2024-2031.
Technological innovation is another major growth driver in the energy efficient warehouse lighting system market. LED lighting, in particular, has revolutionized the industry with its low energy consumption, extended lifespan, and adaptability to various operational requirements. LEDs are perfect for warehouse settings because, in contrast to conventional lighting, they can tolerate tough climatic conditions like high humidity and extremely high temperatures.
Additionally, LEDs emit less heat than other lighting types, reducing the need for cooling and making the facility’s overall climate control more efficient. The rapid advancements in LED technology have also led to a significant decrease in prices, further driving adoption across warehouses of all sizes.
As one of Europe’s largest e-commerce markets, Germany saw its online retail sector revenue increase by 12%, reaching €111 billion in 2022, according to the Federal Association of E-Commerce and Mail Order (Bundesverband E-Commerce und Versandhandel Deutschland e.V.). This e-commerce growth drives demand for energy-efficient warehouse lighting systems. Operators seek sustainable ways to support the increased operational hours and energy demands of expanding inventory and order fulfillment needs.
List of Key Companies Profiled
- ams-OSRAM AG
- Nichia Corporation
- Acuity Brands, Inc.
- Signify N.V.
- Koninklijke Philips N.V.
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Honeywell International, Inc.
- Cree Lighting (Ideal Industries, Inc.)
- Eaton Corporation plc
Market Report Segmentation
By Application
- Industrial
- Commercial
- Other Application
By Type
- Light Emitting Diodes (LED)
- Linear Fluorescent Lamps (LFL)
- High-Intensity Discharge Lamps (HID)
- Other Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Energy Efficient Warehouse Lighting System Market by Application
Chapter 6. Europe Energy Efficient Warehouse Lighting System Market by Type
Chapter 7. Europe Energy Efficient Warehouse Lighting System Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- ams-OSRAM AG
- Nichia Corporation
- Acuity Brands, Inc.
- Signify N.V.
- Koninklijke Philips N.V.
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Honeywell International, Inc.
- Cree Lighting (Ideal Industries, Inc.)
- Eaton Corporation plc
Methodology
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