According to a report by ElectroniCast Consultants, the number of LED lamps installed for general lighting in Europe will rise from 288 million in 2014 to 2.9 billion in 2019 at an average annual growth rate of 58.7 percent.
General Lighting includes indoor and outdoor accessories and functional lighting for residential, commercial and government buildings.
The growth will be slightly faster than forecast for the USA market for 2014-2019.
Report also states that the consumption value of LED-based general lighting lamps in Europe recorded $1bn in 2014.
Western Europe comprised nearly 48 percent of the market in terms of unit volume in 2014.
According to the report, Europe 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 will trail the market leaders, but both will grow at a faster annual rate than the other two sub-regions.
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The market forecast is segmented by major lamp types such as parabolic aluminized reflector (PAR), general service lamps and decorative, multi-faceted reflector (MR)-compatible, tube and tape, street-lights, high-bay, and other miscellaneous LED lighting.
In addition, the commercial and industrial user category is forecast to dominate in terms of relative market share during 2014-2019.
However, both the government and the residential and the non-specific sector will experience a faster annual growth.
The commercial as well as industrial sector is especially strong for PAR lamps, MR lamps and general service lamps.
Besides, government will be a major user in the streetlight product category.
The residential sector is forecast to have relative strong usage in the general service and MR lamp types.