Germany Outdoor LED Lighting Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 314.77 Million |
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Market Size (2030) | USD 478.15 Million |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 7.22 % |
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Fastest Growing by Outdoor Lighting | Public Places |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Germany Outdoor LED Lighting Market Analysis
The Germany Outdoor LED Lighting Market size is estimated at 314.77 million USD in 2024, and is expected to reach 478.15 million USD by 2030, growing at a CAGR of 7.22% during the forecast period (2024-2030).
314.77 Million
Market Size in 2024 (USD)
478.15 Million
Market Size in 2030 (USD)
3.18 %
CAGR (2017-2023)
7.22 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
82.34 %
value share, Public Places, 2023
The total sales of LED in this category are expected to reach 241.5 million units by the end of 2023. Europa-Park Troll Cave in Rust, Germany, used Nova RGBW LED light source.
Fastest-growing Segment by Outdoor Lighting
8.15 %
Projected CAGR, Public Places, 2024-2030
Public places is the fastest growing segment, and it is projected to record a CAGR of 8.58%. OCEM Airfield Technology has installed new LED lighting at Hamburg International Airport.
Leading Market Player
29.35 %
market share, Signify Holding (Philips), 2022
Signify Holding (Philips) holds the largest market share in Germany because of its new product developments. In August 2022, Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED.
Leading Market Player
15.90 %
market share, ams-OSRAM AG, 2022
Ams-OSRAM AG has the second-largest market share in Germany. In November 2018, Osram introduced OSCONIQ S3030, which provided entry into the professional mid-power market. These LEDs are ideal for outdoor and industrial lighting.
Leading Market Player
9.20 %
market share, LEDVANCE GmbH (MLS Co Ltd), 2022
LEDVANCE GmbH was the third-largest market player in Germany, accounting for 9.20% in 2022. LEDVANCE chose Switzerland-based Mila as its brand partner to provide installations and advice to private and commercial customers in Germany.
Smart city projects to drive the growth of LED lighting market
- By 2023, public spaces accounted for the largest share in terms of volume and value. To combat the COVID-19 pandemic, governments across Germany imposed additional and temporary closures of entertainment centers and parks, in addition to other travel restrictions. The impact of the novel coronavirus disease (COVID-19) caused countries to invest all their resources in combating the disease, which impacted public spending for government agencies to approve such projects. Lockdown restrictions were gradually eased in 2021, opening up public spaces, which boosted demand for parking near railway stations, shopping malls, and airports. The government also eased COVID-19 measures and participated in the creation of other initiatives to develop energy efficiency and sustainability. One of them was to reduce the use of halogen lamps and replace them with LED lighting.
- The ongoing transformation and infrastructure expansion projects are expected to increase the demand for LED outdoor lighting in the country, leading to the market's growth. Initiatives such as smart cities are expected to support the development of the outdoor LED lighting segment. For instance, in 2023, Signify helped the German municipality of Eichenzell become a sustainable smart city through the use of intelligent street lighting. The company's BrightSites solution brought high-speed wireless broadband connectivity to the community, enabling Eichenzell to address next-gen IoT applications and 5G densification in the future. The company installed LED lighting, which is managed by the Interact City system. Thus, such developments that include the use of LED lighting are increasing the market value of these lights in the country.
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Germany Outdoor LED Lighting Market Trends
Upgradation and construction of new stadiums are expected to drive the growth of LED lights
- The number of stadiums is expected to witness a growth from 123 units in 2022 to 130 units in 2029, recording a CAGR of 0.8%. The enormous need for stadium upgrades is the main factor driving the market. For instance, in 2014, the Allianz Arena in Munich was lit with over 300,000 LEDs. The stadium at RheinEnergieStadion in Cologne installed LED lighting in 2016. The year 2016 saw the installation of the Philips ArenaVision system for field illumination using an all-LED network at the Volkswagen Arena in Wolfsburg, Germany. The SIGNAL IDUNA PARK, the home stadium of Borussia Dortmund (BVB), received an LED illumination system in 2019 from The Zumtobel Group. The next UEFA EURO 2024, which has chosen the Dortmund stadium as one of 10 locations, will employ the new lighting system from the Group's Thorn brand. These factors support the expansion of the LED market in the region.
- The nation supports the building of stadiums and provides investment opportunities for different sports. For instance, work on the Jena stadium project began in 2021 and was expected to be finished by 2023. The Bochum Lohrheide Stadium is expected to be renovated by 2025. Additionally, the "Coronahilfen Profisport" initiative, which was introduced in response to the pandemic and intended to aid in the professional sports industry's rehabilitation after being severely impacted by the pandemic, had a total budget of EUR 200 million (GBP 180 million/USD 239 million) for 2021. Additionally, a program to aid in the development of sporting facilities in Germany received funding with a total of EUR 600 million (GBP 539 million/USD 718 million) in the funding round that started in February 2021. These factors drive the LED market in the country.
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Increase in the number of household and government subsidies to increase EV sales and drive the growth of LED market
- In 2021, there were 83.24 million people living in Germany. When compared to the previous year, it went up by 0.08. The crude birth rate in Germany grew over the previous year by 0.3 live births per 1,000 people (+3.23%). The rate thus reached its peak during the observed period at 9.6 live births per 1,000 people. In Germany, there were 0.1 fewer infant deaths per 1,000 live births (-3.23%) than the year before. As a result, in 2021, Germany's infant mortality rate reached its all-time low of three fatalities per 1,000 live births. The rise in birth rates and decline in death rates encourage selling more homes, increasing the need for LED lighting.
- In 2021, Germany had 41.6 million households. In Germany, the number of households increased by 0.2% on an annual basis in 2021. The number of households increased by 3.2% between 2010 and 2021. There are now more one-person families than there were ten years ago. 16,619 German houses only had one person in 2021. As a result, Germany's demand for LED lighting will be aided by an increase in the number of households.
- In 2022, almost 3.4 million German automobiles were produced. This was an increase from the 3.1 million cars sold the year before. One of the foundations of the German economy is the auto sector. The German government also wants to speed up the transition to more electric vehicles on the road. Germany will increase electric vehicle sales by increasing the help-to-buy subsidy by EUR 9,000 (USD 9872.41). By 2030, the government wants 15 million all-electric vehicles on the road. The market's expansion will be facilitated by the plan to sell more cars in the upcoming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increase in warehouses and logistics space to drive the growth of the LED market
- Increase in green buildings and certification scheme to drive the growth of LED lights
- Growth in energy-efficient buildings is expected to promote the growth of the LED lighting market
- Increase in demand for EVs and the improvement of street lights to drive the growth of the LED market
- Rise in number of immigrants, high purchasing power of consumers, and energy efficient programs to drive the growth of LED lights
Germany Outdoor LED Lighting Industry Overview
The Germany Outdoor LED Lighting Market is moderately consolidated, with the top five companies occupying 58.33%. The major players in this market are ams-OSRAM AG, Dialight PLC, LEDVANCE GmbH (MLS Co Ltd), Signify Holding (Philips) and Thorn Lighting Ltd. (Zumtobel Group) (sorted alphabetically).
Germany Outdoor LED Lighting Market Leaders
ams-OSRAM AG
Dialight PLC
LEDVANCE GmbH (MLS Co Ltd)
Signify Holding (Philips)
Thorn Lighting Ltd. (Zumtobel Group)
Other important companies include ALS Architektonische Lichtsysteme GmbH, Liper Elektro GmbH, ROBERS-LEUCHTEN GmbH & Co. KG, Thorlux Lighting (FW Thorpe Plc), TRILUX GmbH & Co. KG.
*Disclaimer: Major Players sorted in alphabetical order.
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Germany Outdoor LED Lighting Market News
- September 2022: FW Thorpe buys 80% shares of SchahlLED Lighting in Germany, an intelligent LED services for the industrial and logistics sectors company. FW Thorpe has purchased 80% of the share capital in the business, with the initial £12.8m consideration funded from its existing cash reserves.
- September 2022: Signify introduced a new app, features, and products for its WiZ smart lighting system to enhance users’ daily convenience. The new offerings include SpaceSense, a motion detection technology for lighting systems that don’t require any sensor to be installed.
- August 2022: Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED. The MASTER LEDtube UE expands the energy-efficient products that meet the A-grade criteria of the new EU energy labeling and eco-design framework through technological innovation.
Free with this Report
We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
Germany Outdoor LED Lighting Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Population
2.2. Per Capita Income
2.3. Total Import Of LEDs
2.4. Lighting Electricity Consumption
2.5. # Of Households
2.6. LED Penetration
2.7. # Of Stadiums
2.8. Regulatory Framework
2.8.1. Germany
2.9. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Outdoor Lighting
3.1.1. Public Places
3.1.2. Streets and Roadways
3.1.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. ALS Architektonische Lichtsysteme GmbH
4.4.2. ams-OSRAM AG
4.4.3. Dialight PLC
4.4.4. LEDVANCE GmbH (MLS Co Ltd)
4.4.5. Liper Elektro GmbH
4.4.6. ROBERS-LEUCHTEN GmbH & Co. KG
4.4.7. Signify Holding (Philips)
4.4.8. Thorlux Lighting (FW Thorpe Plc)
4.4.9. Thorn Lighting Ltd. (Zumtobel Group)
4.4.10. TRILUX GmbH & Co. KG
5. KEY STRATEGIC QUESTIONS FOR LED CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- HUMAN POPULATION IN MILLION, NUMBERS, GERMANY, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, GERMANY, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, GERMANY, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, GERMANY, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, GERMANY, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, GERMANY, 2017 - 2030
- Figure 7:
- COUNT OF STADIUMS, NUMBER, GERMANY, 2017 - 2030
- Figure 8:
- VOLUME SALES OF GERMANY OUTDOOR LED LIGHTING MARKET, NUMBER, GERMANY, 2017 - 2030
- Figure 9:
- VALUE SALES OF GERMANY OUTDOOR LED LIGHTING MARKET, USD, GERMANY, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, GERMANY, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, GERMANY, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GERMANY, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GERMANY, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, GERMANY, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, GERMANY, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, GERMANY, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, GERMANY, 2017 - 2030
- Figure 18:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GERMANY, 2017 - 2030
- Figure 19:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, GERMANY, 2017 - 2030
- Figure 20:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GERMANY, 2017 - 2030
- Figure 21:
- MOST ADOPTED STRATEGIES, COUNT, GERMANY, 2017 - 2030
- Figure 22:
- VALUE SHARE OF MAJOR PLAYERS, %, GERMANY, 2022
Germany Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- By 2023, public spaces accounted for the largest share in terms of volume and value. To combat the COVID-19 pandemic, governments across Germany imposed additional and temporary closures of entertainment centers and parks, in addition to other travel restrictions. The impact of the novel coronavirus disease (COVID-19) caused countries to invest all their resources in combating the disease, which impacted public spending for government agencies to approve such projects. Lockdown restrictions were gradually eased in 2021, opening up public spaces, which boosted demand for parking near railway stations, shopping malls, and airports. The government also eased COVID-19 measures and participated in the creation of other initiatives to develop energy efficiency and sustainability. One of them was to reduce the use of halogen lamps and replace them with LED lighting.
- The ongoing transformation and infrastructure expansion projects are expected to increase the demand for LED outdoor lighting in the country, leading to the market's growth. Initiatives such as smart cities are expected to support the development of the outdoor LED lighting segment. For instance, in 2023, Signify helped the German municipality of Eichenzell become a sustainable smart city through the use of intelligent street lighting. The company's BrightSites solution brought high-speed wireless broadband connectivity to the community, enabling Eichenzell to address next-gen IoT applications and 5G densification in the future. The company installed LED lighting, which is managed by the Interact City system. Thus, such developments that include the use of LED lighting are increasing the market value of these lights in the country.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
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Market Definition
- INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
- OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
- AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
- END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
| Keyword | Definition |
|---|---|
| Lumen | Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions. |
| Footcandle | A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light. |
| Colour Rendering Index (CRI) | Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight. |
| Luminous flux | Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm). |
| Annual Energy Cost | Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a). |
| Constant voltage drivers | Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly. |
| Constant Current Driver | Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system. |
| Minimum Energy Performance Standards (MEPS) | Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes. |
| Luminous Efficacy | Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power. |
| Solid State Lighting | Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas. |
| Rated Lamp Life | Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out. |
| Color Temperature | Colour temperature is a scale that measures how ‘warm’ (yellow) or ‘cool’ (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the ‘cooler’ the light. The lower the ‘K’ number, the ‘warmer’ the light. |
| Ingress Protection rating (IP rating) | The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water. |
| Fidelity Index | The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant. |
| Gamut Index | The gamut area is defined as “the area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.”1 Within a defined color space, a “gamut” describes the subset of colors that can be perceived under specific lighting conditions. |
| Binning | In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness. |
| Accent lighting | Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects. |
| Dimmable driver | A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim. |
| Flicker | Flicker is the repeated and frequent variation in the output of a light source over time. |
| Fluorescent | A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light. |
| Candela | The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction. |
| LUX | Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface. |
| Uniformity (U0) | The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg). |
| Visible Light Spectrum | The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers. |
| Ambient Temperature | Ambient Temperature is the temperature of the air surrounding an electrical enclosure. |
| Current-controlled dimming control | Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output. |
| Design Light Consortium | It is a partnership of energy efficiency stakeholders in the United States and Canada to “promote quality, performance and energy efficient lighting solutions for the commercial sector”. |
| Pulse Width Modulation | Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal. |
| Surface Mounted Device | A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board. |
| Alternating Current | Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction. |
| Direct Current | Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction. |
| Beam Angle | Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity. |
| LED Based Solar High Mast Lighting Systems | A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night). |
| Surface Mounted Diode (SMD) LEDs | A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board. |
| Chip on Board (COB) LEDs | A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module. |
| Dual In-Line Package (DIP) LEDs | A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins. |
| Graphene LED Lights | A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy. |
| LED Corn Bulbs | LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light". |
| Per Capita Income | Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. |
| Charging Stations | A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles. |
| Headlight | A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights. |
| Day Time Running Light (DRLs) | A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle. |
| Directional Signal Light | Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn. |
| Stop Light | A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped. |
| Reverse Light | The reverse light is at the back of the vehicle to indicate its backward motion. |
| Tail Light | A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it. |
| Fog Light | Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle. |
| Passenger Vehicle | A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats. |
| Commercial Vehicle | A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers. |
| Two Wheelers (2W) | A two-wheeler is a vehicle that runs on two wheels. |
| Streets & Roadways | Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields |
| Horticulture Lighting | Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants. |
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Research Methodology
Mordor Intelligence has followed the following methodology in all our data center reports.
- Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
- Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
- Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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