Europe Smart Lighting Market to 2032
Overview
The Europe Smart Lighting Market is expected to reach a 76.99 USD Billion by 2032 and is projected to grow at a CAGR of 44.96% from 2025 to 2032.
Revenue, 2024 (USD Billion)
15.43
Forecast, 2032 (USD Billion)
76.99
CAGR, 2024 - 2032
44.96%
Report Coverage
Europe
Europe Smart Lighting Market 2018-2032 USD Billion
Europe Smart Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 15.43 USD Billion
- Projected Market Size (2032): 76.99 USD Billion
- CAGR (2025-2032): 44.96%
Key Findings of Europe Smart Lighting Market
- The Europe Smart Lighting Market was valued at 15.43 USD Billion in 2024.
- The Europe Smart Lighting Market is likely to grow at a CAGR of 44.96% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Retrofit Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 10.99 USD Billion
- The fastest growing segment Wireless Technology in Communication Technology Segment grew Fastest with a CAGR of 45.80% during the forecast period from 2024 to 2032.
Europe Smart Lighting Market Scope
Europe Smart Lighting Market Segmentation & Scope
Application Type
- Outdoor Application
- Indoor Application
Communication Technology
- Wireless Technology
- Wired Technology
Installation Type
- New Installation
- Retrofit Installation
Offering
- Services
- Software
- Hardware
Europe Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 15.43 USD Billion |
| Market Value in 2032 | 76.99 USD Billion |
| CAGR (2025-2032) | 44.96% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application Type,Communication Technology,Installation Type,Offering |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 15.43 USD Billion in 2024
- Key Country: Germany, leading in terms of revenue with value of 3,491.02 USD Million in 2024.
Segments and Scope
-
Europe Smart Lighting Market to 2032, By Application Type
- Indoor Application is the largest segment in Europe Smart Lighting Market to 2032 with a revenue of 10.84 USD Billion in the year 2024.
- Indoor Application is the Fastest growing segment in Europe Smart Lighting Market to 2032 with a Growth rate of 45.48 % in forecast period 2025-2032.
-
Europe Smart Lighting Market to 2032, By Communication Technology
- Wired Technology is the largest segment in Europe Smart Lighting Market to 2032 with a revenue of 9.74 USD Billion in the year 2024.
- Wireless Technology is the Fastest growing segment in Europe Smart Lighting Market to 2032 with a Growth rate of 44.48 % in forecast period 2025-2032.
-
Europe Smart Lighting Market to 2032, By Installation Type
- Retrofit Installation is the largest segment in Europe Smart Lighting Market to 2032 with a revenue of 10.99 USD Billion in the year 2024.
- Retrofit Installation is the Fastest growing segment in Europe Smart Lighting Market to 2032 with a Growth rate of 45.46 % in forecast period 2025-2032.
-
Europe Smart Lighting Market to 2032, By Offering
- Hardware is the largest segment in Europe Smart Lighting Market to 2032 with a revenue of 9.07 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in Europe Smart Lighting Market to 2032 with a Growth rate of 45.68 % in forecast period 2025-2032.
Europe Smart Lighting Market Company Share Analysis
| Company Name |
|
||
| Legrand | |||
| Signify Holding | |||
| Seiko Epson Corporation | |||
| Honeywell International Inc. | |||
| WOLFSPEED, INC. | |||
Europe Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
Europe Smart Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Europe Smart Lighting Market is segmented based on Segmentation Application Type,Communication Technology,Installation Type,Offering.
Europe Smart Lighting Market was valued at USD 15.43(Revenue in USD Billion) in 2018.
Europe Smart Lighting Market is projected to grow at a CAGR of 44.96% during the forecast period of 2024 to 2032.
The Retrofit Installation segment is expected to dominate the Europe Smart Lighting Market, holding a largest market share of 10.99 USD Billion in 2024
Europe Smart Lighting Market Scope
Europe Smart Lighting Market Segmentation & Scope
Application Type
- Outdoor Application
- Indoor Application
Communication Technology
- Wireless Technology
- Wired Technology
Installation Type
- New Installation
- Retrofit Installation
Offering
- Services
- Software
- Hardware
Frequently Asked Questions
The Europe Smart Lighting Market is segmented based on Segmentation Application Type,Communication Technology,Installation Type,Offering.
Europe Smart Lighting Market was valued at USD 15.43(Revenue in USD Billion) in 2018.
Europe Smart Lighting Market is projected to grow at a CAGR of 44.96% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Smart Lighting Market for final year is USD 76.99 (USD Billion).
Europe Smart Lighting Market Company Profiling
Frequently Asked Questions
The Europe Smart Lighting Market is segmented based on Segmentation Application Type,Communication Technology,Installation Type,Offering.
Europe Smart Lighting Market was valued at USD 15.43(Revenue in USD Billion) in 2018.
Europe Smart Lighting Market is projected to grow at a CAGR of 44.96% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Smart Lighting Market for final year is USD 76.99 (USD Billion).
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