Outdoor LED Lighting Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 10.94 Billion |
|
|
Market Size (2030) | USD 14.44 Billion |
|
Largest Share by Outdoor Lighting | Public Places |
|
|
CAGR (2024 - 2030) | 4.73 % |
|
Largest Share by Region | Asia-Pacific |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
Outdoor LED Lighting Market Analysis
The Outdoor LED Lighting Market size is estimated at 10.94 billion USD in 2024, and is expected to reach 14.44 billion USD by 2030, growing at a CAGR of 4.73% during the forecast period (2024-2030).
10.94 Billion
Market Size in 2024 (USD)
14.44 Billion
Market Size in 2030 (USD)
0.69 %
CAGR (2017-2023)
4.73 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
60.24 %
value share, Public Places, 2023
The GDP contribution of the manufacturing segment is be around 16%. Smart cities and Industry 4.0 are expected to increase the value of this segment.
Fastest-growing Segment by Outdoor Lighting
5.02 %
Projected CAGR, Public Places, 2024-2030
A surge in government initiatives to promote energy-efficient lighting systems and the increasing number of smart city projects are driving the market’s growth.
Largest by Region
34.15 %
value share, Asia-Pacific, 2023
Asia-Pacific was the largest region by value share in 2022, accounting for 33.57%. Major LED lighting companies are from China, India, and Japan. LED light product penetration is at its maximum in APAC countries.
Fastest-growing Segment by Region
5.70 %
Projected CAGR, Europe, 2024-2030
Europe is the fastest-growing region, projected to record a CAGR of 5.32%. The construction sectors of the IT and automotive industries are booming owing to increasing investments.
Leading Market Player
13.92 %
market share, Signify Holding (Philips), 2022
Signify was the largest market player, accounting for a share of 13.92% in 2022. The company mostly focuses on innovations based on the energy-efficient portfolio, leading to major brand value recognition.
The growth in public places and roadways due to increased urbanization, tourism, and trade networks would boost the LED lights market
- In terms of value share in 2023, the utilization of LED lights in public places accounted for the majority of the market share, followed by the street and roadways and others segments. Around 55% of the world's population lives in urban areas, and this proportion is expected to rise to 68% by 2050. The most urbanized regions include North America (82% of the population lived in urban areas in 2018), Latin America and the Caribbean (81%), Europe (74%), and Oceania (68%). The degree of urbanization in Asia is around 50%. In contrast, Africa is still largely rural, with 43% of the population living in urban areas. As urban areas have grown over the years, so have public places such as amusement parks and parking lots. The rise in tourism and various transportation services has also contributed significantly to the growth of public spaces. Hence, the penetration of LEDs in this sector is high and will continue to be mainstream.
- In terms of volume share in 2023, the utilization of LED lights in public places accounted for the majority of the market share, followed by the street and roadways and others segments. As global trade continues to grow, emerging markets need viable alternatives to transport goods while remaining competitive and relevant. Conventional maritime reach along the coasts and geographies of the world's continents requires other options: road transport and possibly rail. The automotive industry, like railroads, has been at the forefront of groundbreaking developments transforming the transportation sector. In the long term, road transport will remain relevant and an important tool for promoting trade in the domestic economy. Therefore, the growing road network around the world will also promote the penetration of LED lighting in this sector.
Understand The Key Trends Shaping This Market
Download PDF
The rising adoption of LED lights in every major region across the world is expected to boost LED lighting sales
- In terms of value share in 2022, the Asia-Pacific LED market accounted for the majority of the share, followed by North America, Europe, South America, and the Middle East and Africa. Similarly, in terms of volume share in 2022, the Asia-Pacific LED market accounted for the majority of the share, followed by North America, Europe, the Middle East and Africa, and South America.
- Asia is set to become the world's largest energy consumer by 2025. The growing number of LED lighting chip manufacturers, startups, urbanization, growth in public places, and other sectors contributing to the local economy are impacting the LED lighting market.
- Advancements and continued innovation in LED technology are contributing to the increased sales of LED lighting in North America. The use of LED technology in horticulture has reduced energy waste by controlling different light spectrums according to plant growth stages. The emergence of intelligent light-filling technology is also expected to bring potential opportunities to the market. For instance, in 2017, Signify introduced its GreenPower LED Interlighting Gen 3 technology for efficient crop development. Such developments are expected to pave the way for new growth opportunities in the region.
- Regions such as the Middle East, Africa, and South America are also seeing increased adoption of LED lighting as major countries in the regions are adopting LED lighting. For example, in Argentina, November 2020 marked a milestone with the first delivery of modern LED lamps for street lighting. With funding from nine municipalities, these cities established a USD 121,000 temporary fund to purchase 652 advanced LED lights.
- Thus, rapid technological changes and increased adoption of LED lights across the world are expected to boost their use.
Global Outdoor LED Lighting Market Trends
Upgradation and renovation of sports stadiums and government funding in the sports sector are expected to drive the growth of the market
- The number of stadiums is expected to witness a growth from 3,957 units in 2022 to 4,205 units in 2030, registering a CAGR of 0.9%. Upgrading new venues as well as the rehabilitation of existing stadiums are encouraged in North America in an effort to increase consumer demand. For the 2022 football season, the new USD 5.5 billion SoFi Stadium in the United States received an upgrade with new illumination that incorporated LED lights. In addition, Jones AT&T Stadium announced plans to focus on two projects and install new LED lights and turf. Jones AT&T Stadium is undergoing a USD 200 million restoration, and Tech Athletics is contributing a total of USD 2.2 million to the project for the additional improvements. These elements support the expansion of the LED market.
- In addition, increasing construction will help fuel the demand in the European market. For instance, Germany constructed its most inclusive stadium in Berlin for the Special Olympics in 2023. The new athletics stadium, which replaced the venerable Friedrich-Ludwig-Jahn-Sportpark, was given EUR 160 million (USD 175.44 million) by the authorities.
- The demand for goods and services in the Asia-Pacific market will also be positively influenced by the increasing government funding for the sports sector and the staging of various events. For instance, the Chinese government announced plans to fund stadium maintenance and infrastructural improvements. For instance, Shanghai suggested that a "sports city" will be built by 2025. The nation hosted competitions like the AFC Asian Cup 2023, the 12th National Traditional Minority Sports in 2023, and the third National Youth Games in order to achieve that. Due to these developments, the LED market is expected to grow in the coming years.
Understand The Key Trends Shaping This Market
Download PDF
Increasing energy-efficient construction and the rise in global sales of EVs are expected to drive the growth of the market
- The world's population reached 7.89 billion people in 2021. Global employment figures reached 3.32 billion in 2022 from 3.16 billion in 2015, an increase of almost 0.13 billion. The use of LEDs is expected to increase as more knowledge is spread throughout the population as a result of the rise in the number of employed individuals.
- Despite the COVID-19 pandemic, worldwide spending on energy-efficient construction increased by an exceptional 11.4% in 2020 to over USD 184 billion, up from USD 165 billion in 2019. The yearly growth rate for investments in energy efficiency surpassed 3% for the first time since 2015. The requirement for additional rooms in a house is anticipated to result in increased demand for LEDs due to the rise in the development of energy-efficient buildings and to meet the residential needs of the expanding population.
- In 2022, there were 143.96 million automobiles produced worldwide. In 2023, that number was projected to rise to 150.92 million. Global sales of electric vehicles exceeded 10 million in 2022, and it was predicted that sales in 2023 would rise by another 35% to a total of 14 million. The market share of electric cars rose from 4% in 2020 to 14% in 2022 as a result of this quick expansion. Due to the fact that electric cars need more processors per vehicle than conventional automobiles, there has also been an increase in the need for automotive semiconductor chips as more of them are used. The rise in semiconductor demand in the automotive industry is likely to help the market for LED lighting.
Understand The Key Trends Shaping This Market
Download PDF
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Global sales of commercial construction exceeding by 59% in 2020, increasing pipeline projects, and increasing demand for EVs are expected to drive the growth of market
- Development of smart cities, expansion of green buildings, and increasing government initiatives to promote the use of energy-efficient lighting systems are expected to drive the growth of the market
- Government schemes to replace conventional bulbs with LED lights and increasing global sales of electric vehicles are expected to drive the growth of the market
- Asia-Pacific is one of the significant exporters of LED products, and the growing demand for EVs is expected to drive the growth of the market
- The market is driven by increasing population, rising energy-efficient construction of buildings, and government programs to promote LED penetration
Outdoor LED Lighting Industry Overview
The Outdoor LED Lighting Market is fragmented, with the top five companies occupying 34.77%. The major players in this market are ACUITY BRANDS, INC., EGLO Leuchten GmbH, LEDVANCE GmbH (MLS Co Ltd), Panasonic Holdings Corporation and Signify Holding (Philips) (sorted alphabetically).
Outdoor LED Lighting Market Leaders
ACUITY BRANDS, INC.
EGLO Leuchten GmbH
LEDVANCE GmbH (MLS Co Ltd)
Panasonic Holdings Corporation
Signify Holding (Philips)
Other important companies include ams-OSRAM AG, Current Lighting Solutions, LLC., Guangdong PAK Corporation Co.,Ltd., OPPLE Lighting Co., Ltd, Thorn Lighting Ltd. (Zumtobel Group).
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
Outdoor LED Lighting Market News
- September 2023: Signify, the owner of the Philips Hue brand announced the global launch of its Philips Smart LED bulbs. The new portfolio is the result of Signify's 2019 acquisition of Wiz, and it is distinguished from Hue products by the "Wiz Connected" badge on its blue box.
- May 2023: Cyclone Lighting, a well-known manufacturer of outdoor luminaires of Acuity brand announced the debut of its Elencia luminaire. Outdoor post-top lighting has an upscale look thanks to high-performance optics and revised, modern lantern style.
- April 2023: Hydrel, an established innovator and producer of outdoor architectural and landscape lighting systems of Acuity brand, announced the addition of the M9700 RGBW fixture to its M9000 ingrade luminaire family.
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.
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. Argentina
2.8.2. Brazil
2.8.3. China
2.8.4. France
2.8.5. Germany
2.8.6. Gulf Cooperation Council
2.8.7. India
2.8.8. Japan
2.8.9. South Africa
2.8.10. United Kingdom
2.8.11. United States
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
3.2. Region
3.2.1. Asia-Pacific
3.2.2. Europe
3.2.3. Middle East and Africa
3.2.4. North America
3.2.5. South America
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. ACUITY BRANDS, INC.
4.4.2. ams-OSRAM AG
4.4.3. Current Lighting Solutions, LLC.
4.4.4. EGLO Leuchten GmbH
4.4.5. Guangdong PAK Corporation Co.,Ltd.
4.4.6. LEDVANCE GmbH (MLS Co Ltd)
4.4.7. OPPLE Lighting Co., Ltd
4.4.8. Panasonic Holdings Corporation
4.4.9. Signify Holding (Philips)
4.4.10. Thorn Lighting Ltd. (Zumtobel Group)
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, GLOBAL, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, GLOBAL, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, GLOBAL, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, GLOBAL, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, GLOBAL, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, GLOBAL, 2017 - 2030
- Figure 7:
- COUNT OF STADIUMS, NUMBER, GLOBAL, 2017 - 2030
- Figure 8:
- VOLUME SALES OF GLOBAL OUTDOOR LED LIGHTING MARKET, NUMBER, GLOBAL, 2017 - 2030
- Figure 9:
- VALUE SALES OF GLOBAL OUTDOOR LED LIGHTING MARKET, USD, GLOBAL, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, GLOBAL, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, GLOBAL, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, GLOBAL, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, GLOBAL, 2017 - 2030
- Figure 16:
- VALUE SHARE OF PUBLIC PLACES BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, GLOBAL, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, GLOBAL, 2017 - 2030
- Figure 19:
- VALUE SHARE OF STREETS AND ROADWAYS BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
- Figure 22:
- VALUE SHARE OF OTHERS BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES BY REGION, NUMBER, GLOBAL, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES BY REGION, USD, GLOBAL, 2017 - 2030
- Figure 25:
- VALUE SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 26:
- VOLUME SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN ASIA-PACIFIC, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN EUROPE, NUMBER, EUROPE, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN EUROPE, USD, EUROPE, 2017 - 2030
- Figure 31:
- VOLUME SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 32:
- VALUE SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES IN NORTH AMERICA, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES IN NORTH AMERICA, USD, NORTH AMERICA, 2017 - 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN SOUTH AMERICA, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2030
- Figure 37:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2030
- Figure 38:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2030
- Figure 39:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In terms of value share in 2023, the utilization of LED lights in public places accounted for the majority of the market share, followed by the street and roadways and others segments. Around 55% of the world's population lives in urban areas, and this proportion is expected to rise to 68% by 2050. The most urbanized regions include North America (82% of the population lived in urban areas in 2018), Latin America and the Caribbean (81%), Europe (74%), and Oceania (68%). The degree of urbanization in Asia is around 50%. In contrast, Africa is still largely rural, with 43% of the population living in urban areas. As urban areas have grown over the years, so have public places such as amusement parks and parking lots. The rise in tourism and various transportation services has also contributed significantly to the growth of public spaces. Hence, the penetration of LEDs in this sector is high and will continue to be mainstream.
- In terms of volume share in 2023, the utilization of LED lights in public places accounted for the majority of the market share, followed by the street and roadways and others segments. As global trade continues to grow, emerging markets need viable alternatives to transport goods while remaining competitive and relevant. Conventional maritime reach along the coasts and geographies of the world's continents requires other options: road transport and possibly rail. The automotive industry, like railroads, has been at the forefront of groundbreaking developments transforming the transportation sector. In the long term, road transport will remain relevant and an important tool for promoting trade in the domestic economy. Therefore, the growing road network around the world will also promote the penetration of LED lighting in this sector.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Region | |
| Asia-Pacific | |
| Europe | |
| Middle East and Africa | |
| North America | |
| South America |
Need A Different Region Or Segment?
Customize Now
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. |
Need More Details on Market Definition?
Ask a Question
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
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
