Middle East and Africa Outdoor LED Lighting Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 0.88 Billion |
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Market Size (2030) | USD 1.14 Billion |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 4.54 % |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Middle East and Africa Outdoor LED Lighting Market Analysis
The Middle East and Africa Outdoor LED Lighting Market size is estimated at 0.88 billion USD in 2024, and is expected to reach 1.14 billion USD by 2030, growing at a CAGR of 4.54% during the forecast period (2024-2030).
0.88 Billion
Market Size in 2024 (USD)
1.14 Billion
Market Size in 2030 (USD)
-0.13 %
CAGR (2017-2023)
4.54 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
55.11 %
value share, Public Places, 2023
The total sales of LED in this category were expected to reach 470.2 million by the end of 2023. Glow-In-Dark Garden in Dubai utilizes more than 10 million LED lights.
Fastest-growing Segment by Outdoor Lighting
5.03 %
Projected CAGR, Streets and Roadways, 2024-2030
The volume of LED penetration in this category is expected to reach 23.6 million, in 2023. The total length of federal roads in the UAE spans 710 km and is installed with LED lights.
First Leading Market Player
10.46 %
market share, Signify Holding (Philips), 2022
Signify Holding (Philips) has the highest market share in this region because of its new product developments. In April 2022, Signify launched High-Performance Lighting Solutions "Philips Skyline e-Way" For Safer Highways.
Second Leading Market Player
4.05 %
market share, Al Nasser Group, 2022
Al Nasser Group has the second highest market share in the region because it is well-recognized and handles projects of large businesses. It delivers its service to malls, hotels, hospitals, universities, and many other projects.
Third Leading Market Player
2.46 %
market share, EGLO Leuchten GmbH, 2022
EGLO Leuchten GmbH was the third largest market player in the Middle East & Africa, accounting for 2.46% of the market share in 2022. All of the company's products consist of long-life, energy-saving LED lamps.
The increasing road network and the upgradation of stadiums drive the market's growth
- In terms of value share, in 2023, public places accounted for the majority of the share (55.1%), followed by streets and roads (44.9%). The market share is expected to be low in public places and high in streets and roads in the coming years. In 2020, public places such as stadiums, beaches, and forts were shut down throughout the region to limit the spread of COVID-19. There was a halt in the construction of parks and stadium facilities. In 2021, the Middle East & Africa relaxed COVID rules. The Miral revealed that in 2023, SeaWorld Abu Dhabi is expected to open. The new next-generation marine life park on Yas Island was 90% complete, with building work set to finish by the end of 2022.
- Spending on road infrastructure has been a major driver of growth in the region, and the government continues to make critical investments for social and economic development. Major regional projects included Dubai's allocation of AED 15 billion (USD 4.8 billion) to complete key projects for the Expo 2020, including road and viaduct upgrades. More than USD 1.14 trillion has been invested in Saudi Arabia's road projects.
- Over the last few years, there have been many changes in the sports sector. For example, in 2015, Clay Paky lit up Saudi Arabia's soccer stadium with LEDs. In 2022, Khalifa International Stadium was equipped with LED lights of Philips lighting. These improvements were needed to host games in the quarter-finals of Qatar's 2022 FIFA World Cup. In 2022, more than 4,000 lighting devices, including emergency lights and exit signs, were put in place within the stadium of Ras Abu Aboud. The above instances are expected to boost the outdoor lighting segment in the region.
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Middle East and Africa Outdoor LED Lighting Market Trends
Renovation and construction of new sports stadiums to facilitate the growth of LED lights
- The number of stadiums witnessed a growth from 227 units in 2022 to 255 units in 2030, registering a CAGR of 1.4%. The sports sector has undergone several changes in recent years. For instance, Clay Paky lit up the King Fahd International Stadium in Saudi Arabia using LEDs in 2015. The Khalifa International Stadium used LED lighting by Philips Lighting in 2022. To host games up to the quarterfinals of the Qatar 2022 FIFA World Cup, the upgrades were necessary. Within Ras Abu Aboud Stadium, more than 4,000 different luminaires, including emergency luminaires and exit signs, were erected in 2022. These elements support the expansion of the LED market in the area.
- The Sports Ministry of Saudi Arabia is making impressive progress in building sports infrastructure. The country planned to invest SAR 10.1 billion (USD 2.7 billion) in constructing advanced stadiums to host FIFA, a widely recognized sporting event, by 2023. The new stadium project in Riyadh stands out for its sustainability measures, which include using LED lights in the stadiums.
- The Saudi Arabian Sports Ministry started a SAR 10.1 billion (USD 2.7 billion) program in 2023 to construct new sporting facilities and renovate those that already exist. According to the Saudi Arabian Ministry of Sports, the initiatives will be a part of Saudi Arabia's joint candidature with Egypt and Greece to host the FIFA World Cup in 2030. The Saudi Arabian Football Federation (SAFF) announced in 2023 that Saudi Arabia would construct three new stadiums in Riyadh, Al-Khobar, and Dammam in time for the 2027 Asian Cup. Thus, LED light sales are anticipated to increase nationwide as a result of the building of new stadiums and an increase in athletic events.
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Increase in household size to bolster the growth of LED usage in the region
- The Middle East & Africa had a population of 484 million people as of 2018, with that number predicted to climb to around 500 million by 2030. In 2020, over 92.8 thousand homes were built in the emirate of Abu Dhabi, followed by 41 thousand in the emirate of Sharjah and 35 thousand in the emirate of Dubai. There are expected to be 231.2 thousand residences in the entire United Arab Emirates over the coming years. The building of new rooms will consequently boost sales of LEDs.
- In the Middle East and Africa, the typical household size exceeds five people. In Saudi Arabia, about half of the population owns a home, with 5.46 million households counted in the country. In Israel, there were 681.5 thousand homes with five or more people as of 2020. There must be more than two rooms in a house to accommodate five people. The majority of people in Israel live in studio apartments. Sales of LEDs have increased as a result of the growth in household sizes.
- In the Middle East and Africa, 2.33 million automobiles were produced in total in 2022, and 2.45 million were anticipated to be produced in 2023. Although it is still in its early stages, the electric vehicle (EV) market across the Middle East and African countries is already showing hopeful signs of growth. As local governments become more aware of the need to reduce their carbon footprint, they are passing legislation to promote the use of EVs. The United Arab Emirates, Saudi Arabia, Bahrain, and Oman, for instance, have announced their net-zero targets. Several countries in the region are also offering tax incentives and subsidies to promote the purchase of electric vehicles. Due to the enormous potential that EVs present in this region, it is projected that demand for LED lighting will rise.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Commercial property grew by 66% in 2021, indicating higher sales of LED lights
- The market’s growth is being driven by the replacement of old streetlights with energy efficient LED lights
- Sustainability campaign and ban of traditional light bulbs to contribute to sales of LED lights
- Replacement of conventional lights and removal of inefficient electronic appliances to drive the growth of LED lights
- Increasing population and energy sustainability campaign to promote higher use of LED lights
Middle East and Africa Outdoor LED Lighting Industry Overview
The Middle East and Africa Outdoor LED Lighting Market is fragmented, with the top five companies occupying 21.10%. The major players in this market are Al Nasser Group, EGLO Leuchten GmbH, LEDVANCE GmbH (MLS Co Ltd), OPPLE Lighting Co., Ltd and Signify Holding (Philips) (sorted alphabetically).
Middle East and Africa Outdoor LED Lighting Market Leaders
Al Nasser Group
EGLO Leuchten GmbH
LEDVANCE GmbH (MLS Co Ltd)
OPPLE Lighting Co., Ltd
Signify Holding (Philips)
Other important companies include ACUITY BRANDS, INC., ams-OSRAM AG, Current Lighting Solutions, LLC., Dialight PLC, Nardeen Lighting Company Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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Middle East and Africa Outdoor LED Lighting Market News
- May 2023: Cyclone Lighting, a well-known manufacturer of outdoor luminaires, announced the debut of its Elencia luminaire. Outdoor post-top lighting has an upscale look due to high-performance optics and revised, modern lantern style.
- May 2023: Dialight, a company in hazardous and industrial LED lighting innovation, introduced the ProSite High Mast, an expansion of the company's extremely successful ProSite Floodlight range. This new model is carefully constructed to withstand mounting heights of up to 130 feet for a wide range of outdoor industrial applications such as airports, container yards, rail yards, product stockpiles, transportation, perimeter lighting, and parking applications. With a total lumen output of up to 65,000, the ProSite High Mast improves site security by providing uniform, crisp, and clear illumination.
- April 2023: Hydrel, an established innovator and producer of outdoor architectural and landscape lighting systems, 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.
Middle East and Africa 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. Gulf Cooperation Council
2.8.2. South Africa
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. ACUITY BRANDS, INC.
4.4.2. Al Nasser Group
4.4.3. ams-OSRAM AG
4.4.4. Current Lighting Solutions, LLC.
4.4.5. Dialight PLC
4.4.6. EGLO Leuchten GmbH
4.4.7. LEDVANCE GmbH (MLS Co Ltd)
4.4.8. Nardeen Lighting Company Limited
4.4.9. OPPLE Lighting Co., Ltd
4.4.10. Signify Holding (Philips)
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, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 7:
- COUNT OF STADIUMS, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 8:
- VOLUME SALES OF MIDDLE EAST AND AFRICA OUTDOOR LED LIGHTING MARKET, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 9:
- VALUE SALES OF MIDDLE EAST AND AFRICA OUTDOOR LED LIGHTING MARKET, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 18:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 19:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 20:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 21:
- MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 22:
- VALUE SHARE OF MAJOR PLAYERS, %, MIDDLE EAST AND AFRICA, 2022
Middle East and Africa Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- In terms of value share, in 2023, public places accounted for the majority of the share (55.1%), followed by streets and roads (44.9%). The market share is expected to be low in public places and high in streets and roads in the coming years. In 2020, public places such as stadiums, beaches, and forts were shut down throughout the region to limit the spread of COVID-19. There was a halt in the construction of parks and stadium facilities. In 2021, the Middle East & Africa relaxed COVID rules. The Miral revealed that in 2023, SeaWorld Abu Dhabi is expected to open. The new next-generation marine life park on Yas Island was 90% complete, with building work set to finish by the end of 2022.
- Spending on road infrastructure has been a major driver of growth in the region, and the government continues to make critical investments for social and economic development. Major regional projects included Dubai's allocation of AED 15 billion (USD 4.8 billion) to complete key projects for the Expo 2020, including road and viaduct upgrades. More than USD 1.14 trillion has been invested in Saudi Arabia's road projects.
- Over the last few years, there have been many changes in the sports sector. For example, in 2015, Clay Paky lit up Saudi Arabia's soccer stadium with LEDs. In 2022, Khalifa International Stadium was equipped with LED lights of Philips lighting. These improvements were needed to host games in the quarter-finals of Qatar's 2022 FIFA World Cup. In 2022, more than 4,000 lighting devices, including emergency lights and exit signs, were put in place within the stadium of Ras Abu Aboud. The above instances are expected to boost the outdoor lighting segment in the region.
| 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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