Europe Filament LED Bulb Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (0–25-Watt Type, 25–40-Watt Type, 40–60-Watt Type, and Above 60-Watt Type) and Application (Residential, Restaurants and Bars, Hotels, Café, and Others)

Market Introduction

The European filament LED bulb market is further segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Europe is a diverse market with a group of more than 40 countries in it. The Western European countries are more advanced than the Nordic and Eastern European countries, which is a key factor contributing to the high adoption of advanced lighting systems across both commercial and residential complexes. Economically strong countries such as Germany, Italy, the UK, and Spain have been significantly implementing these bulbs over the years. Following a period of stagnation in recent years, the European construction sector has recently soared. The residential sector is rising due to demographic changes, increase in per capita income, and cheap mortgage rates. These reasons are propelling the European market for the residential development. The demand for creative lighting systems is expected to expand quicker as the number of individual households, opulent dwellings, and multi-residential properties increases. The tendency is expected to continue in the upcoming years, as the population of European countries continues to rise, resulting in a large amount of available land for residential building. The construction sector in European countries such as Germany and the UK is booming. Various governments throughout the world are launching programs to help the construction industry. The increased development of residential and commercial structures is expected to give lucrative opportunities for the filament LED bulb market to expand in the region.

Due to the COVID-19 outbreak, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. European countries represent a major market for filament LED bulb adoption due to low energy consumption of the bulbs. Since several European countries are in the phase of lockdowns, the adoption of the filament LED bulbs got hampered. Covid-19 first manifested itself in Europe as a “supply-side” shock, as Chinese producers cut their exports dramatically. This impact is expected to continue in the coming weeks. However, following an extraordinary downturn in March and April (-25.5 percent in the EU), construction output rose dynamically in May 2020 (21.8 percent) and continued to rise, though at a slower pace; by January 2021, construction output had recovered 97.9 percent of its pre-crisis level of February 2020. Russia, Italy, Germany, UK, and France filament LED bulb markets are anticipated to decrease until mid-2021

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Market Overview and Dynamics

The filament LED bulb market in Europe is expected to grow from US$ 309.98 million in 2021 to US$ 1,375.83 million by 2028; it is estimated to grow at a CAGR of 23.7% from 2021-2028. Growth in adoption of filament LED bulbs across restaurants, hotels, bars, and cafes; the lighting at a restaurant is an important aspect of the overall design. Cafes and restaurants should incorporate lighting into their architectural plans as well. Lighting solutions are as important as the food and service is the environment of the café and restaurant. In cafes, bars, and restaurants, light intensity of 150 lux is generally recommended. Among other areas, entrances require 100 lux, food storage section requires 150 lux, washing section needs 300 lux, and cooking section requires 500 lux. Restaurants use four types of lighting: general lighting, accent lighting, decorative lighting, and natural lighting. In a cafe or restaurant, general lighting is the most significant feature. Homogeneous lighting is achieved by placing lighting equipment in a certain order at equal intervals. Customers will perceive the restaurant as more welcoming if it has decent overall illumination. Accent lighting can be utilized to draw focus to the areas of the restaurant that one wishes to draw attention to. This type of lighting can draw attention to the restaurant's decor, plants, tables, or merchandise. Decorative lighting refers to the lighting accessories that are employed to complete the design. Both traditional and modern lighting can be used to create decorative lighting. It can also be achieved by using specific lighting techniques. Thus, the various lighting techniques used in restaurants, hotels, bars, and cafes are influencing the adoption of filament LED bulbs, thereby contributing to the growth of the market.

Key Market Segments

In terms of product, 0-25-Watt type segment held the largest share Europe filament LED bulb market in 2020. In terms of application, the residential segment held a larger market share of the filament LED bulb market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the filament LED bulb market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Havells India Ltd; MEGAMAN; Feilo Sylvania Europe Limited; UKLED; Verbatim Americas LLC; OSRAM GmbH; Signify Holding (Philips); Seoul Semiconductor Co., Ltd.; Crompton Lamps Ltd

Reasons to buy report

To understand the Europe filament LED bulb market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe filament LED bulb market
Efficiently plan M&A and partnership deals in Europe filament LED bulb market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe filament LED bulb market
Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE FILAMENT LED BULB MARKETSEGMENTATION

By Product

0-25-Watt Type
25-40-Watt Type
40-60-Watt Type
Above 60-Watt Type

By Application

Residential
Restaurants and Bars
Hotels
Café
Others

By Country

Company Profiles

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Filament LED Bulb Market – By Product

1.3.2 Europe Filament LED Bulb Market – By Application

1.3.3 Europe Filament LED Bulb Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Filament LED Bulb Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Europe Filament LED Bulb Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Number of Commercial and Residential Construction Projects

5.1.2 Increasing Awareness About Advantages of Filament LED Bulbs

5.2 Market Restraints

5.2.1 Common Issues Faced in Filament LED Bulbs

5.3 Market Opportunities

5.3.1 Rise in Product Innovations and Launches Coupled with High Expansion Strategies

5.4 Future Trends

5.4.1 Growth in Adoption of Filament LED Bulbs Across Restaurants, Hotels, Bars, and Cafes

5.5 Impact Analysis of Drivers and Restraints

6. Filament LED Bulb Market – Europe Analysis

6.1 Europe Filament LED Bulb Market Overview

6.2 Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

7. Europe Filament LED Bulb Market Analysis – By Product

7.1 Overview

7.2 Europe Filament LED Bulb Market, By Product (2020 and 2028)

7.3 0-25-Watt Type

7.3.1 Overview

7.3.2 0-25-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

7.4-40-Watt Type

7.4.1 Overview

7.4.2-40-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

7.5-60-Watt Type

7.5.1 Overview

7.5.2-60-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Above 60-Watt Type

7.6.1 Overview

7.6.2 Above 60-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe Filament LED Bulb Market Analysis – By Application

8.1 Overview

8.2 Europe Filament LED Bulb Market, By Application (2020 and 2028)

8.3 Residential

8.3.1 Overview

8.3.2 Residential: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Restaurants and Bars

8.4.1 Overview

8.4.2 Restaurants and Bars: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Hotels

8.5.1 Overview

8.5.2 Hotels: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Café

8.6.1 Overview

8.6.2 Café: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe Filament LED Bulb Market – Country Analysis

9.1 Overview

9.1.1 Europe: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2 Europe: Filament LED Bulb Market, by Key Country

9.1.2.1 Germany: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1.1 Germany: Filament LED Bulb Market, by Product

9.1.2.1.2 Germany: Filament LED Bulb Market, by Application

9.1.2.2 France: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.1 France: Filament LED Bulb Market, by Product

9.1.2.2.2 France: Filament LED Bulb Market, by Application

9.1.2.3 Italy: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1 Italy: Filament LED Bulb Market, by Product

9.1.2.3.2 Italy: Filament LED Bulb Market, by Application

9.1.2.4 UK: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.4.1 UK: Filament LED Bulb Market, by Product

9.1.2.4.2 UK: Filament LED Bulb Market, by Application

9.1.2.5 Russia: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.5.1 Russia: Filament LED Bulb Market, by Product

9.1.2.5.2 Russia: Filament LED Bulb Market, by Application

9.1.2.6 Rest of Europe: Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.6.1 Rest of Europe: Filament LED Bulb Market, by Product

9.1.2.6.2 Rest of Europe: Filament LED Bulb Market, by Application

10. Impact of COVID-19 Pandemic on Europe Filament LED Bulb Market

10.1 Europe

11. Industry Landscape

11.1 Market Initiative

11.2 New Development

12. Company Profiles

12.1 Crompton Lamps Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Havells India Ltd.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 MEGAMAN

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Feilo Sylvania Europe Limited

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 UKLED

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Verbatim Americas LLC

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 OSRAM GmbH

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Signify Holding (Philips)

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Seoul Semiconductor Co., Ltd.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. Germany: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 3. Germany: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 4. France: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 5. France: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 6. Italy: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 7. Italy: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 8. UK: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 9. UK: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 10. Russia: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 11. Russia: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Europe: Filament LED Bulb Market, by Product –Revenue and Forecast to 2028 (US$ Million)

Table 13. Rest of Europe: Filament LED Bulb Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Filament LED Bulb Market Segmentation

Figure 2. Europe Filament LED Bulb Market Segmentation – By Country

Figure 3. Europe Filament LED Bulb Market Overview

Figure 4. 0-25-Watt Type Product Segment held the Largest Share of Europe Filament LED Bulb Market

Figure 5. Residential Segment held the Largest Share of Europe Filament LED Bulb Market

Figure 6. Germany to Show Great Traction During Forecast Period

Figure 7. Europe: PEST Analysis

Figure 8. Expert Opinion

Figure 9. Europe Filament LED Bulb Market: Impact Analysis of Drivers and Restraints

Figure 10. Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11. Europe Filament LED Bulb Market Revenue Share, by Product (2020 and 2028)

Figure 12. 0-25-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.-40-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.-60-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Above 60-Watt Type: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Europe Filament LED Bulb Market Revenue Share, by Application (2020 and 2028)

Figure 17. Residential: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Restaurants and Bars: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Hotels: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. Café: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. Others: Europe Filament LED Bulb Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Europe: Filament LED Bulb Market – Revenue by Country To 2028 (US$ Million)

Figure 23. Europe: Filament LED Bulb Market Revenue Share, By Key Country (2020 and 2028)

Figure 24. Germany: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 25. France: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 26. Italy: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 27. UK: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 28. Russia: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 29. Rest of Europe: Filament LED Bulb Market – Revenue and Forecast To 2028 (US$ Million)

Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets

To understand the Europe filament LED bulb market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe filament LED bulb market
Efficiently plan M&A and partnership deals in Europe filament LED bulb market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe filament LED bulb market
Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region

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Europe Filament LED Bulb Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (0–25-Watt Type, 25–40-Watt Type, 40–60-Watt Type, and Above 60-Watt Type) and Application (Residential, Restaurants and Bars, Hotels, Café, and Others)

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