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    Spain Led Lighting Market

    ID: MRFR/SEM/42246-HCR
    200 Pages
    Garvit Vyas
    September 2025

    Spain LED Lighting Market Research Report By Installation Type (New Installation, Retrofit), By Product Type (Lamps, Luminaries), By Distribution Channel (Store Based, Non-Store Based) and By End-Use Application (Indoor Lighting, Outdoor Lighting) - Industry Forecast to 2035

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    Spain Led Lighting Market Research Report -Forecast till 2035 Infographic
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    Table of Contents

    Spain Led Lighting Market Summary

    The Spain LED Lighting market is poised for substantial growth, projected to reach 6.4 USD billion by 2035.

    Key Market Trends & Highlights

    Spain LED Lighting Key Trends and Highlights

    • The market valuation for Spain LED Lighting is estimated at 1.99 USD billion in 2024.
    • From 2025 to 2035, the market is expected to grow at a compound annual growth rate (CAGR) of 11.2%.
    • By 2035, the market is anticipated to expand significantly, reaching 6.4 USD billion.
    • Growing adoption of energy-efficient lighting solutions due to increasing environmental awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.99 (USD Billion)
    2035 Market Size 6.4 (USD Billion)
    CAGR (2025-2035) 11.2%

    Major Players

    Bega, Philips Lighting, General Electric, Samsung Electronics, LG Electronics, Cooper Lighting, Zumtobel, Acuity Brands, Tridonic, Cree, Osram, FSL, Havells, Signify, Legrand

    Spain Led Lighting Market Trends

    The Spain LED Lighting Market has had a drastic transformation due to the need for achieving energy efficiency and protection of the environment. The Spanish government is looking to improve energy savings and lower carbon emissions in collaboration with the European Union’s policies on sustainability. Because of this, there is a growing acceptance of the use of LED technology in Spain for residential, commercial, and even industrial purposes. In addition, Spain’s interest in the development of smart cities is driving the incorporation of IoT technology with LED lighting for better energy control and urban living conditions.

    The adoption of smart lighting innovations in the form of LED technology provides possibilities for the Spanish market.

    Barcelona and Madrid are investing in new illumination systems, which creates room for local manufacturers and suppliers to position themselves with products offering adaptive and automated lighting solutions. Moreover, the growing focus on the reduction in energy expenditure is presenting opportunities for the renovation of infrastructure as well as for new construction projects. One notable aspect lately has been the rise in consumer awareness of the use of energy-efficient light bulbs. The citizens of Spain are becoming more aware of the benefits that LED lighting can bring, such as longer life and lower electricity costs.

    Thus, the efforts of local administrations towards the promotion of LEDs by means of subsidies and awareness drives are helping change consumer preferences. The market is likely to develop as awareness grows, leading to more sustainable lighting systems and technologies designed for Spain.

    Spain Led Lighting Market Drivers

    Market Segment Insights

    Get more detailed insights about Spain Led Lighting Market Research Report -Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The Spain LED Lighting Market has experienced significant growth driven by increasing energy efficiency awareness, government initiatives advocating sustainable solutions, and advancements in lighting technology. As a key area within the broader energy sector, this market comprises a diverse range of products tailored for various applications, including residential, commercial, and outdoor lighting. The competitive landscape is characterized by both established companies and emerging players that continually innovate to meet evolving consumer demands and regulatory standards. Companies are vying for market share through product differentiation, strategic partnerships, and focused marketing initiatives aimed at educating consumers about the benefits of LED lighting.

    Bega has a noteworthy presence in the Spain LED Lighting Market, propelled by its reputation for high-quality and innovative lighting solutions. The company's strength lies in its exceptional focus on design and utility, catering to the unique needs of architectural and outdoor lighting communities. Bega's extensive portfolio includes a variety of luminaires that prioritize durability and performance, appealing to customers across various segments. Its commitment to sustainability, aligned with Spain's growing emphasis on energy-efficient technology, positions Bega favorably within the market.

    Moreover, the brand's strong relationships with key distributors and contractors further enhance its competitive edge, enabling it to maintain a solid foothold in the region. Philips Lighting is a prominent player in the Spain LED Lighting Market, known for its comprehensive range of lighting products and solutions tailored to both consumer and commercial needs. The company offers innovative lighting technologies that include smart lighting systems, which respond seamlessly to modern demands for energy efficiency and user experience.

    Key products such as LED bulbs, streetlights, and specialized commercial fixtures make up a significant portion of Philips Lighting's offerings, catering specifically to the dynamic Spanish market. The company's strength is underscored by its strong market presence and active mergers and acquisitions policy, which has allowed it to expand its portfolio and enhance its technological capabilities. By continually investing in research and development, Philips Lighting not only leads in product innovation but also plays a vital role in shaping the future of lighting solutions in Spain, aligning with the nation’s push for sustainability and smart city development.

    Key Companies in the Spain Led Lighting Market market include

    Industry Developments

    In recent months, the Spain LED Lighting Market has witnessed significant developments. Notably, companies such as Philips Lighting and Signify have been scaling their operations, driven by an increasing demand for energy-efficient solutions amidst Spain's commitment to sustainability. In October 2023, Bega expanded its business in Spain by launching new innovative LED fixtures aimed at urban spaces, addressing both functional and aesthetic needs. Meanwhile, Samsung Electronics and LG Electronics have also been focused on enhancing their product lines with advanced smart LED technologies.

    Regarding mergers and acquisitions, in September 2023, Osram announced its acquisition of a local lighting technology firm to strengthen its foothold in the Spanish market and enhance product offerings. This aligns with the broader trend of consolidation in the market as companies seek to leverage synergies for growth. Over the past two years, significant growth in the LED market has been reported, with a market valuation surpassing €1 billion as of March 2022, driven by both commercial and residential sectors investing in LED conversions.

    This growth reflects Spain's broader energy efficiency goals, aiming for a substantial reduction in carbon emissions in line with European Union directives.

    Market Segmentation

    LED Lighting Market Product Type Outlook

    • Lamps
    • Luminaries

    LED Lighting Market Installation Type Outlook

    • New Installation
    • Retrofit

    LED Lighting Market End-Use Application Outlook

    • Indoor Lighting
    • Outdoor Lighting

    LED Lighting Market Distribution Channel Outlook

    • Store Based
    • Non-Store Based

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.79 (USD Billion)
    MARKET SIZE 2024 1.99 (USD Billion)
    MARKET SIZE 2035 6.4 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 11.2% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Bega, Philips Lighting, General Electric, Samsung Electronics, LG Electronics, Cooper Lighting, Zumtobel, Acuity Brands, Tridonic, Cree, Osram, FSL, Havells, Signify, Legrand
    SEGMENTS COVERED Installation Type, Product Type, Distribution Channel, End-Use Application
    KEY MARKET OPPORTUNITIES Growing demand for energy efficiency, Government incentives for LED adoption, Increased awareness of environmental impact, Expansion in smart lighting solutions, Rising urbanization and infrastructure development
    KEY MARKET DYNAMICS Government initiatives for energy efficiency, Increasing demand for smart lighting, Growing environmental awareness, Technological advancements in LED, Rising infrastructural investments in urban areas
    COUNTRIES COVERED Spain

    Market Highlights

    Author
    Garvit Vyas
    Analyst

    Explore the profile of Garvit Vyas, one of our esteemed authors at Market Research Future, and access their expert research contributions in the field of market research and industry analysis

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    FAQs

    What is the expected market size of the Spain LED Lighting Market in 2024?

    The Spain LED Lighting Market is expected to be valued at 1.99 billion USD in 2024.

    What is the anticipated market size for the Spain LED Lighting Market by 2035?

    By 2035, the Spain LED Lighting Market is projected to reach a value of 6.4 billion USD.

    What is the expected CAGR for the Spain LED Lighting Market from 2025 to 2035?

    The Spain LED Lighting Market is forecasted to grow at a CAGR of 11.2 percent from 2025 to 2035.

    What was the market value for new installations in the Spain LED Lighting Market in 2024?

    In 2024, the market value for new installations in the Spain LED Lighting Market is anticipated to be 0.8 billion USD.

    What will the market value for retrofitting in the Spain LED Lighting Market be by 2035?

    By 2035, the market value for retrofitting in the Spain LED Lighting Market is expected to be 3.9 billion USD.

    Who are the key players in the Spain LED Lighting Market?

    Major players in the Spain LED Lighting Market include Bega, Philips Lighting, General Electric, and Samsung Electronics.

    Which segment shows higher growth potential in the Spain LED Lighting Market?

    The retrofit segment is expected to show significant growth potential by reaching a value of 3.9 billion USD by 2035.

    What are the emerging trends driving growth in the Spain LED Lighting Market?

    Emerging trends include increasing energy efficiency and the advancement of smart lighting technologies.

    How are global market scenarios impacting the Spain LED Lighting Market?

    Current global scenarios positively influence the demand for energy-efficient lighting solutions in Spain.

    What is the market value of new installations expected in the Spain LED Lighting Market by 2035?

    The market value for new installations in the Spain LED Lighting Market is projected to reach 2.5 billion USD by 2035.

    What is the expected market size of the Spain LED Lighting Market in 2024?

    The Spain LED Lighting Market is expected to be valued at 1.99 billion USD in 2024.

    What is the anticipated market size for the Spain LED Lighting Market by 2035?

    By 2035, the Spain LED Lighting Market is projected to reach a value of 6.4 billion USD.

    What is the expected CAGR for the Spain LED Lighting Market from 2025 to 2035?

    The Spain LED Lighting Market is forecasted to grow at a CAGR of 11.2 percent from 2025 to 2035.

    What was the market value for new installations in the Spain LED Lighting Market in 2024?

    In 2024, the market value for new installations in the Spain LED Lighting Market is anticipated to be 0.8 billion USD.

    What will the market value for retrofitting in the Spain LED Lighting Market be by 2035?

    By 2035, the market value for retrofitting in the Spain LED Lighting Market is expected to be 3.9 billion USD.

    Who are the key players in the Spain LED Lighting Market?

    Major players in the Spain LED Lighting Market include Bega, Philips Lighting, General Electric, and Samsung Electronics.

    Which segment shows higher growth potential in the Spain LED Lighting Market?

    The retrofit segment is expected to show significant growth potential by reaching a value of 3.9 billion USD by 2035.

    What are the emerging trends driving growth in the Spain LED Lighting Market?

    Emerging trends include increasing energy efficiency and the advancement of smart lighting technologies.

    How are global market scenarios impacting the Spain LED Lighting Market?

    Current global scenarios positively influence the demand for energy-efficient lighting solutions in Spain.

    What is the market value of new installations expected in the Spain LED Lighting Market by 2035?

    The market value for new installations in the Spain LED Lighting Market is projected to reach 2.5 billion USD by 2035.

    1. \n1.2. Key Findings \n1.3. Market Segmentation \n1.4. Competitive Landscape \n1.5.
    2. Challenges and Opportunities \n1.6. Future Outlook \n2. MARKET INTRODUCTION \n2.1.
    3. Definition \n2.2. Scope of the study \n2.2.1. Research Objective \n2.2.2. Assumption
    4. \n2.2.3. Limitations \n3. RESEARCH METHODOLOGY \n3.1. Overview \n3.2. Data Mining
    5. \n3.3. Secondary Research \n3.4. Primary Research \n3.4.1. Primary Interviews and
    6. Information Gathering Process \n3.4.2. Breakdown of Primary Respondents \n3.5. Forecasting
    7. Model \n3.6. Market Size Estimation \n3.6.1. Bottom-Up Approach \n3.6.2. Top-Down
    8. Approach \n3.7. Data Triangulation \n3.8. Validation \n4. MARKET DYNAMICS \n4.1.
    9. Overview \n4.2. Drivers \n4.3. Restraints \n4.4. Opportunities \n5. MARKET FACTOR ANALYSIS \n5.1. Value chain Analysis \n5.2. Porter's Five Forces Analysis \n5.2.1.
    10. Bargaining Power of Suppliers \n5.2.2. Bargaining Power of Buyers \n5.2.3. Threat
    11. of New Entrants \n5.2.4. Threat of Substitutes \n5.2.5. Intensity of Rivalry \n5.3.
    12. COVID-19 Impact Analysis \n5.3.1. Market Impact Analysis \n5.3.2. Regional Impact
    13. \n5.3.3. Opportunity and Threat Analysis \n6. SPAIN LED LIGHTING MARKET, BY INSTALLATION
    14. TYPE (USD BILLION) \n6.1. New Installation \n6.2. Retrofit \n7. SPAIN LED LIGHTING
    15. MARKET, BY PRODUCT TYPE (USD BILLION) \n7.1. Lamps \n7.2. Luminaries \n8. SPAIN
    16. LED LIGHTING MARKET, BY DISTRIBUTION CHANNEL (USD BILLION) \n8.1. Store Based \n8.2.
    17. Non-Store Based \n9. SPAIN LED LIGHTING MARKET, BY END-USE APPLICATION (USD BILLION)
    18. \n9.1. Indoor Lighting \n9.2. Outdoor Lighting \n10. COMPETITIVE LANDSCAPE \n10.1.
    19. Overview \n10.2. Competitive Analysis \n10.3. Market share Analysis \n10.4. Major
    20. Growth Strategy in the LED Lighting Market \n10.5. Competitive Benchmarking \n10.6.
    21. Leading Players in Terms of Number of Developments in the LED Lighting Market \n10.7.
    22. Key developments and growth strategies \n10.7.1. New Product Launch/Service Deployment
    23. \n10.7.2. Merger & Acquisitions \n10.7.3. Joint Ventures \n10.8. Major Players
    24. Financial Matrix \n10.8.1. Sales and Operating Income \n10.8.2. Major Players R&D
    25. Expenditure. 2023 \n11. COMPANY PROFILES \n11.1. Bega \n11.1.1. Financial Overview
    26. \n11.1.2. Products Offered \n11.1.3. Key Developments \n11.1.4. SWOT Analysis \n11.1.5.
    27. Key Strategies \n11.2. Philips Lighting \n11.2.1. Financial Overview \n11.2.2. Products
    28. Offered \n11.2.3. Key Developments \n11.2.4. SWOT Analysis \n11.2.5. Key Strategies
    29. \n11.3. General Electric \n11.3.1. Financial Overview \n11.3.2. Products Offered
    30. \n11.3.3. Key Developments \n11.3.4. SWOT Analysis \n11.3.5. Key Strategies \n11.4.
    31. Samsung Electronics \n11.4.1. Financial Overview \n11.4.2. Products Offered \n11.4.3.
    32. Key Developments \n11.4.4. SWOT Analysis \n11.4.5. Key Strategies \n11.5. LG Electronics
    33. \n11.5.1. Financial Overview \n11.5.2. Products Offered \n11.5.3. Key Developments
    34. \n11.5.4. SWOT Analysis \n11.5.5. Key Strategies \n11.6. Cooper Lighting \n11.6.1.
    35. Financial Overview \n11.6.2. Products Offered \n11.6.3. Key Developments \n11.6.4.
    36. SWOT Analysis \n11.6.5. Key Strategies \n11.7. Zumtobel \n11.7.1. Financial Overview
    37. \n11.7.2. Products Offered \n11.7.3. Key Developments \n11.7.4. SWOT Analysis \n11.7.5.
    38. Key Strategies \n11.8. Acuity Brands \n11.8.1. Financial Overview \n11.8.2. Products
    39. Offered \n11.8.3. Key Developments \n11.8.4. SWOT Analysis \n11.8.5. Key Strategies
    40. \n11.9. Tridonic \n11.9.1. Financial Overview \n11.9.2. Products Offered \n11.9.3.
    41. Key Developments \n11.9.4. SWOT Analysis \n11.9.5. Key Strategies \n11.10. Cree
    42. \n11.10.1. Financial Overview \n11.10.2. Products Offered \n11.10.3. Key Developments
    43. \n11.10.4. SWOT Analysis \n11.10.5. Key Strategies \n11.11. Osram \n11.11.1. Financial
    44. Overview \n11.11.2. Products Offered \n11.11.3. Key Developments \n11.11.4. SWOT
    45. Analysis \n11.11.5. Key Strategies \n11.12. FSL \n11.12.1. Financial Overview \n11.12.2.
    46. Products Offered \n11.12.3. Key Developments \n11.12.4. SWOT Analysis \n11.12.5.
    47. Key Strategies \n11.13. Havells \n11.13.1. Financial Overview \n11.13.2. Products
    48. Offered \n11.13.3. Key Developments \n11.13.4. SWOT Analysis \n11.13.5. Key Strategies
    49. \n11.14. Signify \n11.14.1. Financial Overview \n11.14.2. Products Offered \n11.14.3.
    50. Key Developments \n11.14.4. SWOT Analysis \n11.14.5. Key Strategies \n11.15. Legrand
    51. \n11.15.1. Financial Overview \n11.15.2. Products Offered \n11.15.3. Key Developments
    52. \n11.15.4. SWOT Analysis \n11.15.5. Key Strategies \n12. APPENDIX \n12.1. References
    53. \n12.2. Related Reports\n\nLIST OF TABLES\n\nTABLE 1. LIST OF ASSUMPTIONS
    54. \nTABLE 2. SPAIN LED LIGHTING MARKET SIZE ESTIMATES & FORECAST, BY INSTALLATION
    55. TYPE, 2019-2035 (USD BILLIONS) \nTABLE 3. SPAIN LED LIGHTING MARKET SIZE ESTIMATES
    56. & FORECAST, BY PRODUCT TYPE, 2019-2035 (USD BILLIONS) \nTABLE 4. SPAIN LED LIGHTING
    57. MARKET SIZE ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019-2035 (USD BILLIONS)
    58. \nTABLE 5. SPAIN LED LIGHTING MARKET SIZE ESTIMATES & FORECAST, BY END-USE APPLICATION,
    59. 2035 (USD BILLIONS) \nTABLE 6. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    60. \nTABLE 7. ACQUISITION/PARTNERSHIP\n\n\nLIST OF FIGURES\n\nFIGURE
    61. MARKET SYNOPSIS \nFIGURE 2. SPAIN LED LIGHTING MARKET ANALYSIS BY INSTALLATION
    62. TYPE \nFIGURE 3. SPAIN LED LIGHTING MARKET ANALYSIS BY PRODUCT TYPE \nFIGURE 4.
    63. SPAIN LED LIGHTING MARKET ANALYSIS BY DISTRIBUTION CHANNEL \nFIGURE 5. SPAIN LED
    64. LIGHTING MARKET ANALYSIS BY END-USE APPLICATION \nFIGURE 6. KEY BUYING CRITERIA
    65. OF LED LIGHTING MARKET \nFIGURE 7. RESEARCH PROCESS OF MRFR \nFIGURE 8. DRO ANALYSIS
    66. OF LED LIGHTING MARKET \nFIGURE 9. DRIVERS IMPACT ANALYSIS: LED LIGHTING MARKET
    67. \nFIGURE 10. RESTRAINTS IMPACT ANALYSIS: LED LIGHTING MARKET \nFIGURE 11. SUPPLY
    68. / VALUE CHAIN: LED LIGHTING MARKET \nFIGURE 12. LED LIGHTING MARKET, BY INSTALLATION
    69. TYPE, 2024 (% SHARE) \nFIGURE 13. LED LIGHTING MARKET, BY INSTALLATION TYPE, 2019
    70. TO 2035 (USD Billions) \nFIGURE 14. LED LIGHTING MARKET, BY PRODUCT TYPE, 2024 (%
    71. SHARE) \nFIGURE 15. LED LIGHTING MARKET, BY PRODUCT TYPE, 2019 TO 2035 (USD Billions)
    72. \nFIGURE 16. LED LIGHTING MARKET, BY DISTRIBUTION CHANNEL, 2024 (% SHARE) \nFIGURE
    73. LED LIGHTING MARKET, BY DISTRIBUTION CHANNEL, 2019 TO 2035 (USD Billions) \nFIGURE
    74. LED LIGHTING MARKET, BY END-USE APPLICATION, 2024 (% SHARE) \nFIGURE 19. LED
    75. LIGHTING MARKET, BY END-USE APPLICATION, 2019 TO 2035 (USD Billions) \nFIGURE 20.
    76. BENCHMARKING OF MAJOR COMPETITORS

    Spain LED Lighting Market Segmentation

    • LED Lighting Market By Installation Type (USD Billion, 2019-2035)

      • New Installation
      • Retrofit
    • LED Lighting Market By Product Type (USD Billion, 2019-2035)

      • Lamps
      • Luminaries
    • LED Lighting Market By Distribution Channel (USD Billion, 2019-2035)

      • Store Based
      • Non-Store Based
    • LED Lighting Market By End-Use Application (USD Billion, 2019-2035)

      • Indoor Lighting
      • Outdoor Lighting
    Report Infographic
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