China LED Lighting Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 15.67 Billion |
| Market Size (2030) | USD 22.26 Billion |
| Growth Rate (2025 - 2030) | 8.28% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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China LED Lighting Market Analysis by Mordor Intelligence
The China LED lighting market size is valued at USD 15.67 billion in 2025 and is forecast to reach USD 22.26 billion by 2030, advancing at an 8.28% CAGR. Rapid early adoption has transitioned to a replacement-driven phase powered by government efficiency mandates, falling average selling prices, and a secondary wave of first-generation LED retrofits. Guangdong remains the dominant manufacturing cluster; however, tier-1 and tier-2 demand now competes with rising provincial programs that incentivize smart street lighting and health-focused upgrades.[1]GRNLED, “China LED Lighting Market-Lighting Capital Guzhen,” grnled.com Competitive pressure from overcapacity continues to compress margins, although premium segments, such as automotive intelligent lighting, mini-LED backlights, and circadian-tuned fixtures, present higher-value niches. Digital commerce broadens access to rural and lower-tier customers, while smart-city rollouts integrate LEDs as sensing nodes, elevating specification requirements and average selling prices.
Key Report Takeaways
- By product type, luminaires and fixtures accounted for 63.7% of China's LED lighting market share in 2024, whereas lamps are projected to expand at a 10.4% CAGR through 2030.
- By distribution channel, wholesale retail held 53.4% of the China LED lighting market size in 2024, while e-commerce records the fastest forecast CAGR at 8.6%.
- By installation type, retrofit projects accounted for 77.5% of the China LED lighting market size in 2024, and new installations are forecasted to grow at a 9.2% CAGR through 2030.
- By application, highway and roadway lighting is the fastest-growing segment with a 10.9% CAGR, whereas residential lighting retained the largest revenue share at 20.4% in 2024.
- By end user, indoor applications represented 64.4% of the China LED lighting market share in 2024, and outdoor lighting is projected to expand at a 10.5% CAGR to 2030.
China LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Government energy-efficiency mandates and subsidies | +2.1% | National, stronger in tier-1 and tier-2 cities | Medium term (2-4 years) |
| Falling ASPs and higher lm/W efficiencies | +1.8% | Guangdong and Jiangsu manufacturing hubs | Long term (≥4 years) |
| Urbanization and smart-city street-lighting roll-outs | +1.5% | Shenzhen, Shanghai, and major municipalities | Medium term (2-4 years) |
| E-commerce channel expansion | +0.9% | National, higher in tier-1 and tier-2 cities | Short term (≤2 years) |
| Secondary replacement wave of first-generation LEDs | +1.2% | Early-adoption regions nationwide | Medium term (2-4 years) |
| 2024 health-lighting standards for schools and offices | +0.5% | Public institutions countrywide | Long term (≥4 years) |
| Source: Mordor Intelligence | |||
Government Energy-Efficiency Mandates and Subsidies
China’s 2025 equipment-renewal policy packages low-interest financing with tiered product rebates, slicing payback cycles for LED retrofits in factories, malls, and municipal facilities. Treasury-bond-financed loans with a 1.5-percentage-point subsidy increase adoption viability, while grade-1 luminaires qualify for a 20% capital rebate capped at CNY 2,000 (USD 308) per unit. Eastern provinces secure 85% of central funding, yet western regions receive 95%, resulting in regional cost advantages that manufacturers can utilize in channel targeting. The policy’s emphasis on “high-end, intelligent, green” technologies directs demand toward IoT-enabled fixtures and circadian-tuned panels, thereby increasing average unit values. Streamlined approval processes also shorten project timelines, letting vendors pull revenue forward over the forecast horizon.
Falling ASPs and Higher lm/W Efficiencies
Breakthrough phosphor-free architectures demonstrated 318 lm/W efficacy at lab scale, pushing theoretical limits beyond 330 lm/W and narrowing the historic “green gap”. Higher efficiency enables equivalent output with fewer chips, reducing the bill of materials cost and opening margin headroom for premium optical and thermal designs. Commodity bulbs continue to suffer from severe price erosion due to overcapacity; however, fixtures that incorporate thermal management, wireless control, or spectrum tuning retain their pricing power. The capability to deliver high-CRI output with minimal energy also aligns well with 2024 school and office health-lighting standards, driving dual-benefit adoption.
Urbanization and Smart-City Street-Lighting Roll-Outs
Nearly every prefecture-level city now runs a digital management platform that treats LED luminaires as sensor gateways, shifting procurement criteria from simple lumen output to data infrastructure value.[2]CGTN, “China Accelerates Smart City Development,” cgtn.com Shenzhen’s showcase network integrates environmental monitoring, traffic analytics, and 5 G small cells, making adaptive LED systems a city-wide backbone. Specifications now require embedded sensors, wireless communications, and software interfaces, elevating addressable revenue per pole. Municipal budgeting also favors life-cycle cost models that highlight energy savings of 50%–65%, adding economic urgency for change-outs despite fiscal pressures.
E-Commerce Channel Expansion
Online platforms shorten supply chains for residential and small commercial buyers, reducing distribution mark-ups and enabling direct feedback loops on product features. User-generated reviews enhance confidence in smart bulbs and connected strips, while data analytics enable brands to iterate more quickly on color-tuning apps and integrations. Tier-1 and tier-2 cities already show double-digit online penetration; rural adoption is catching up thanks to logistics improvements and short-form video tutorials that demystify installation. Manufacturers leverage flagship stores on Tmall and JD to market premium SKUs while offloading commodity volumes through factory stores, enabling channel segmentation without physical overhead.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Margin squeeze from intense price competition | -1.4% | Commodity segments nationwide | Short term (≤2 years) |
| Real-estate slowdown curbing new-build demand | -2.2% | Tier-1 and tier-2 cities | Medium term (2-4 years) |
| Compliance costs for new outdoor light-pollution rules | -0.8% | Shanghai, Beijing, and major municipalities | Medium term (2-4 years) |
| Quality variability dampens rural uptake | -0.6% | Western and central provinces | Long term (≥4 years) |
| Source: Mordor Intelligence | |||
Margin Squeeze from Intense Price Competition
Overcapacity has triggered fierce price wars, dragging gross margin for mid-tier players into single digits. Smaller factories lack the scale to negotiate lower chip prices and face working-capital constraints as payment terms lengthen. Survival strategies range from vertical integration to M and A, but many firms euthanize lines or exit entirely, accelerating consolidation. The shake-out rewards enterprises with proprietary optics, brand equity, or export channels that buffer domestic pricing shocks.
Real-Estate Slowdown Curbing New-Build Demand
Weak residential sales and stalled commercial projects led to softer luminaire orders, with Tangshi Lighting reporting a decline in revenue linked to China in early 2025.[3]Anue 鉅亨, “Tangshi Lighting Revenue Decline,” cnyes.com Developers defer interior packages until financing clears, squeezing demand for new-build fixtures. Vendors pivot toward retrofit programs, but those reliant on contractor sales funnels tied to new construction endure revenue volatility. Geographic exposure matters: coastal provinces experience a sharper contraction, while inland renovation demand partly offsets the decline.
Segment Analysis
By Product Type: Luminaires and Fixtures Sustain Value Premium
Luminaires accounted for 63.7 of % revenue in 2024, establishing the backbone of the China LED lighting market. Higher unit cost, integrated drivers, and design customization secure healthy margins, particularly in architectural and office projects that specify smart controls. Premium projects now request human-centric light engines, matte micro-diffusers, and Bluetooth mesh modules, elevating bill-of-material values above legacy troffers. Lamps, although commoditized, are expected to experience accelerated growth at a 10.4% CAGR through 2030, as first-generation LED bulbs reach the end of their life, driving repeat purchases in both residential and commercial locations.
Replacement-focused consumers prize socket compatibility, quick payback, and color consistency, which fosters growth for lamps even as the price per unit falls. Manufacturers, therefore, differentiate through warranty length and spectrum quality rather than raw efficacy alone. Meanwhile, specialty luminaires for horticulture and UV-C disinfection present a fast but niche upside. These divergences illustrate how the Chinese LED lighting market continues to fragment between commodity bulbs and value-added fixture systems.
By Distribution Channel: Wholesale Dominance Faces Digital Test
Wholesale retail claimed 53.4% of 2024 revenue, leveraging entrenched relationships with contractors and physical hubs in Guzhen Town that centralize supply, finance, and showroom space. Bulk buyers appreciate credit terms and in-person support for installation and troubleshooting. Yet e-commerce wrests mindshare among homeowners and small businesses; its 8.6% CAGR underscores shifting procurement habits. Marketplace search algorithms and livestream demonstrations enhance brand visibility without incurring costly shelf fees, thereby compressing the buyer journey.
Direct sales remain crucial for large public projects requiring system integration. Vendors such as Opple staff field engineers who liaise with municipal buyers on interoperability, photometric modeling, and after-sales maintenance. Channel coexistence will persist, but wholesalers must incorporate digital catalogues, click-and-collect models, and value-added logistics to defend relevance within the China LED lighting market.
By Installation Type: Retrofit Dominates While New Build Recovers
Retrofit represented 77.5% of 2024 spending, reflecting the vast stock of older CFL and early LED fixtures. Facility managers calculate immediate energy savings and shorter payback periods, and subsidies further enhance the economics. Contractors prefer drop-in panels and magnetic strip kits to cut labor hours, making retrofit specifications comparatively standardized across the Chinese LED lighting market.
New installations, growing at 9.2% CAGR, piggyback on urban rail, data-center, and smart-highway construction pipelines. Projects specify digital twin integration, providing ongoing commissioning data that feeds into broader building management systems. Suppliers winning these bids bundle software dashboards and five-year service contracts, elevating revenue per point. As the real estate sector stabilizes, new installation revenue will gradually improve; yet, the retrofit share will remain dominant through 2030.
By Application: Residential Holds Volume, Infrastructure Spurs Growth
Residential lighting accounted for a 20.4% share of 2024 turnover. Urban apartments near saturation are now pivoting toward smart bulbs and mood-tunable strips, while rural adoption stands at nearly 50% due to affordability concerns. Government trade-in coupons and e-commerce flash deals intend to shrink this gap. Highway and roadway luminaires are expected to expand at a 10.9% CAGR, driven by national smart-city mandates that require adaptive dimming and 5G small-cell hosting.
Commercial offices are improving steadily as employers pursue wellness certifications that require glare-free, circadian-aligned lighting, thereby boosting demand for tunable panels. Retail and hospitality embrace color-rich ceiling washers that enhance merchandise and ambiance. Specialized niches, such as horticulture, utilize LED spectral tuning to achieve higher crop yields, although these remain relatively small compared to the broader Chinese LED lighting market.
By End User: Indoor Applications Command Majority Share
Indoor environments captured a 64.4% headline share in 2024, primarily due to the high density of fixtures in offices, factories, and homes. Health-centric standards introduced in 2024 for schools and workplaces create obligatory replacement cycles. Integrated controls that modulate intensity and color temperature to mirror circadian patterns gain premium pricing. Product certification under GB/T 36101-2018 and compliance with light-pollution regulations in Shanghai further influence buyer choices.
Outdoor installations are expected to grow at a 10.5% annual rate, driven by smart pole initiatives that integrate lighting with environmental sensing. Municipalities reward holistic solutions that bundle camera feeds, emergency broadcast speakers, and electric-vehicle chargers. Automotive applications add future upside: suppliers like Jingke Electronics already generate 41.5% of revenue from adaptive vehicle lighting, signaling a strategic shift that reinforces China’s auto electrification roadmap.
Geography Analysis
Manufacturing gravitated to Guangdong, home to 10,157 enterprises and an export-oriented supply chain that handles optics, drivers, and packaging under one provincial umbrella.[4]GRNLED, “China LED Lighting Market-Lighting Capital Guzhen,” grnled.com Zhongshan’s Guzhen Town alone hosts over 7,700 factories, as well as sprawling wholesale markets, which funnel more than 70% of national lighting commerce through a single township. The Pearl River Delta's infrastructure, skilled labor, and port proximity anchor its cost advantage, while the Yangtze River Delta remains the secondary hub, focusing on mid-to-high-end architectural fixtures.
Demand centers mirror economic tiers: Beijing, Shanghai, and Shenzhen set premium specification baselines and pilot smart-city tenders that ripple across lower-tier cities. The implementation of Shenzhen’s digital lamppost model validates large-scale IoT integration, thereby expediting subsequent rollouts nationwide. Conversely, rural western provinces still contend with sub-50% efficient lighting penetration, hampered by low income levels and concerns about counterfeit products. National subsidy schemes therefore cover up to 95% of qualifying equipment costs in Western regions, compared with 85% in the East, encouraging installers to expand their service footprints.
Policy planners view balanced regional growth as a priority for energy conservation and a lever for job creation. New industrial zones in Sichuan and Shaanxi are attracting LED assembly plants with tax holidays, aiming to decentralize economic activity. Logistics corridors such as the Chongqing-Xinjiang-Europe railway also lower export freight costs, making inland production feasible for select product lines. Yet talent aggregation, ecosystem synergies, and founder networks keep the heart of the China LED lighting market firmly anchored along the southern coastline.
Competitive Landscape
Competition remains fragmented, despite the presence of recognizable brands such as Opple, NVC, and Foshan Lighting. Thousands of small to mid-sized manufacturers jostle, holding a nominal cumulative market share, which sustains aggressive price tension. Domestic giants are pushing vertical integration-wafer to luminaire cut input costs and secure supply amid cyclical swings in chip demand. At the same time, they diversify into mini-LED backlight modules for televisions and IT panels, capitalizing on the surge in demand for domestically produced displays.
Niche orientation gains traction. Jingke Electronics’ pivot toward automotive intelligent lighting is expected to lift the segment to 41.5% of total revenue by 2024, insulating the firm from erosion due to commoditized bulbs. Leyard and Absen champion RGB fine-pitch displays for sports arenas and broadcast studios, commanding higher margins through system-level offerings. Overseas acquisitions also emerge: Hisense raises its stake in Qianzhao Optoelectronics, securing a premium RGB chip supply for integrated TV production and demonstrating how upstream investments lock in value.
International brands face headwinds; Signify blamed weak Chinese demand for shrinking comparable sales in 2024. Foreign incumbents that once benefited from technology arbitrage now compete on equal footing with local rivals as they master phosphor-free efficiency and thermal control. Looking forward, companies that unite optical engineering, software stacks, and localized marketing will outpace pure hardware vendors in the Chinese LED lighting market.
China LED Lighting Industry Leaders
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Opple Lighting Co., Ltd.
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Zhejiang Yankon Group Co., Ltd.
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MLS Co., Ltd. (Forest Lighting / LEDVANCE China)
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NVC Lighting Holding Ltd.
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Foshan Electrical and Lighting Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: Sony partnered with Sanan Optoelectronics to deliver RGB LED backlights that surpass 4,000 nits for next-generation displays.
- January 2025: China’s NDRC launched treasury-bond-funded trade-in subsidies, offering 1.5 percentage-point interest relief on qualifying LED upgrades.
- October 2024: Xiaomi debuted the S Pro mini-LED TV series at CNY 4,599 (USD 646), mainstreaming high-brightness backlights.
- July 2024: Signify reported EUR 6.1 billion in sales, yet cited China's softness as the reason for a revenue contraction.
China LED Lighting Market Report Scope
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.| Lamps |
| Luminaires/ Fixtures |
| Direct Sales |
| Wholesale Retail |
| E-commerce |
| New Installation |
| Retrofit Installation |
| Commercial Offices |
| Retail Stores |
| Hospitality |
| Industrial |
| Highway and Roadway |
| Architectural |
| Public Places |
| Hospitals |
| Horticulture Gardens |
| Residential |
| Automotive |
| Others(Chemicals, Oil and gas, agriculture) |
| Indoor |
| Outdoor |
| Automotive |
| By Product Type | Lamps |
| Luminaires/ Fixtures | |
| By Distribution Channel | Direct Sales |
| Wholesale Retail | |
| E-commerce | |
| By Installation Type | New Installation |
| Retrofit Installation | |
| By Application | Commercial Offices |
| Retail Stores | |
| Hospitality | |
| Industrial | |
| Highway and Roadway | |
| Architectural | |
| Public Places | |
| Hospitals | |
| Horticulture Gardens | |
| Residential | |
| Automotive | |
| Others(Chemicals, Oil and gas, agriculture) | |
| By End User | Indoor |
| Outdoor | |
| Automotive |
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. |
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
