August 15, 2015: The number of LED lamps installed for general lighting in Europe (including indoor and outdoor accent and functional lighting for residential, commercial and government areas) will rise from 288 million in 2014 to 2.9 billion units in 2019, at an average annual growth rate of 58.7% (slightly faster than forecast for the USA market for 2014-2019), according to a report by ElectroniCast Consultants.
ElectroniCast forecasts that Western Europe, which comprised nearly 48% of the market in terms of unit volume in 2014, will maintain its leadership in relative market share throughout the forecast period. The use of LED lamps in general lighting in Northern Europe is forecast to increase at a slower pace. Southern and Eastern Europe are forecast to trail the market leaders, but both will grow at a faster annual rate than the other two sub-regions.
The market forecast is also segmented by major lamp types?parabolic aluminized reflector (PAR), general service lamps/decorative, multi-faceted reflector (MR)-compatible, tube and tape, streetlights, high-bay, and other/miscellaneous LED lighting.
According to ElectroniCast, the consumption value of LED-based general lighting lamps in Europe reached $1billion in 2014. The commercial/industrial user category is forecast to dominate in terms of relative market share during 2014-2019. However, both the government and the residential/non-specific are forecast for faster annual growth. The commercial/industrial sector is especially strong in PAR lamps, MR lamps and (near-term) general service lamps. Government is forecast to be a relative heavy user in the streetlight product category. The residential sector is forecast to have relative strong usage in the general service and MR lamp types.
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