UK Lighting Market Report 2024-2028
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The 17th edition of the UK Lighting Market Report 2024-2028 provides a comprehensive review of this rapidly evolving industry. Significant changes have impacted the market in the last 2-3 years. The most important of these being new regulatory requirements, the wider adoption of LED solutions, also the strong growth in smart and connected lighting technologies. This essential analysis offers insights into the market dynamics, emerging trends, and forecasts for stakeholders across all sectors of the UK lighting industry.
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The UK lighting market is a mature market that has undergone significant changes in recent years. The most important of these being the withdrawal from production of incandescent, halogen and fluorescent lighting. These products are progressively being replaced by energy efficient LED lighting; however, with higher levels of competition, this technology has seen a sharp fall in price over the last decade, impacting on market value growth.
The focus of this report is on the main types of lighting products & systems used in residential and non-residential applications. It covers the following key product categories in depth: –
- Lamps
- Luminaires
- Lighting Controls
Although these have been relatively separated in the past, the market is now witnessing an increasing overlap between these categories. Much of this can be attributed to the development of connected lighting systems, such as equipment combining luminaires with lighting controls, also growth in the number of luminaires supplied with integrated LED lamps.
The UK lighting industry is facing a number of challenges in 2024, including a decline in construction new orders, increasing competition, high production costs, changing legislation, stricter health & safety regulations, and environmental issues.
As such, the market is expected to remain flat in 2024 and be supported primarily by RMI activity. The market is then forecast to return to steady growth in 2025 to the end of the forecast period. Although market demand is highly influenced by construction output, the market is expected to also be sustained by many of recent technological advances in LED lighting, also growth in demand for smart lighting devices and connected systems & controls.
Market Size and Overview
Market size by value 2019 to 2024, rates of change.
Market overview including leading manufacturers, breakdown by size & turnover bands. Market mix by product category – lamps, luminaires, lighting controls. Market penetration of LED lighting technologies, smart lighting products & systems.
Imports and exports data – electrical lighting equipment, luminaires & lamps. Changes in UK trade balance since 2019.
Market Forecasts
The UK lighting market is forecasted to reach a value of approximately £2.3 billion by 2028, experiencing a steady growth trajectory despite recent economic fluctuations.
The report includes a ten-year UK lighting market view 2019 – 2024, plus forecasts to 2028, rates of change, and a summary of market prospects and influences.
Included in the report are analysis of main influences that drive the lighting industry and PESTLE analysis.
Analysis including weak UK economy, upcoming election, and ongoing supply chain issues.
Key economic indicators that impact on market growth:
- Lifestyle & demographic influences
- Technological advances in LED and smart connected systems
- Important changes in lighting legislation & standards
- Increasing focus on sustainable methods of production and distribution
LED Lighting Market in UK
LED lighting has become recognised as having a major role to play in improving the environmental performance of residential homes and commercial buildings.
There is a strong uplift in demand for smart and connected lighting technologies, in line with the growth of IoT devices, smart home automation and connected building energy management systems.
Growth of integrated luminaires that include LED lamps. Sustainable luminaire designs that enable the refurbishment and reuse of these products over time.
Lighting Market Product Subsectors Covered in the Report
Lamps – market size by value 2019 to 2024. Market mix by product and application. Lamps ban timeline. Key suppliers. Leading company profiles and financials.
Luminaires – market size by value 2019 to 2024. Market overview, design trends and analysis by application. Key suppliers. Leading company profiles and financials.
Lighting controls – market size by value 2019 to 2024. Market overview and analysis by application. Key suppliers. Leading company profiles and financials.
End Use Sectors
Summary of sectors driving demand for lighting, market split by end use sector.
Residential new build prospects and influences including output, starts and completions, mix by type of dwelling, self-build housing.
Residential RMI prospects and influences including RMI output growth in home renovations. House moving market.
Non-residential construction prospects and influences, new work activity and RMI output. Market overview by sector – infrastructure, private commercial, public non-housing, industrial.
Distribution
Review of distribution – Market map, channel shares, leading developments. Company overview and financials of key channels – electrical wholesalers, direct supply, merchants, home improvement multiples, other retail channels including online retailers.
Electrical contractors including breakdown by employee size bands.
Supply Chain Review
Including market map, the main UK lighting wholesalers, retail multiples, and other key channels.
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- Detailed assessment of the market – analysis of the market structure and recent developments within the market.
- Market prospects up to 4 years – market value, opportunities, impact of Covid-19, Brexit etc.
- Detailed information – market size, influences, market factors and key players.
- Analysis by product group – market size, product mix, sector trends etc.
