Europe Outdoor 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 5.52 Billion |
| Market Size (2030) | USD 7.91 Billion |
| Growth Rate (2025 - 2030) | 7.43% 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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Europe Outdoor LED Lighting Market Analysis by Mordor Intelligence
The Europe outdoor LED lighting market size is USD 5.52 billion in 2025 and, at a 7.43% CAGR, is projected to reach USD 7.91 billion by 2030, underscoring how regulatory pressure, rising electricity prices, and decarbonization mandates are reshaping municipal procurement across the region.[1]European Commission, “Energy Policy,” europa.eu Accelerated retrofit programs triggered by the EU-wide ban on fluorescent and halogen lights are converging with smart-city budgets, turning streetlight poles into connected data hubs that justify premium fixture upgrades. Germany's 33.9% revenue leadership underscores the benefits of early energy-efficiency adoption and a well-funded utility sector, while Poland's rapid growth indicates how EU structural funds are shifting demand eastward. Competitive intensity remains moderate because incumbents still control distribution and service networks, yet supply-chain volatility in driver ICs and stricter blue-light rules are raising entry barriers. Municipal buyers are increasingly favoring full-service vendors that can bundle luminaires, sensors, and cloud analytics, indicating that hardware-software convergence, not diode efficacy, will determine the next wave of contracts.
Key Report Takeaways
- By product type, luminaires / fixtures commanded 69.5% revenue share of the Europe outdoor LED lighting market in 2024; lamps are forecast to advance at a 7.89% CAGR through 2030.
- By application, street and roadway lighting captured 42.7% of the Europe outdoor LED lighting market size in 2024, while sports and stadium projects are poised for a 8.76% CAGR to 2030.
- By installation type, new installations held a 55.4% share of the Europe outdoor LED lighting market size in 2024, yet retrofit activity is expanding at a 7.93% CAGR 2030.
- By distribution channel, direct sales dominated with a 63.2% share in 2024; e-commerce is projected to log a 8.19% CAGR through 2030.
- By country, Germany led with 34.29% Europe outdoor LED lighting market share in 2024, but Poland is set to accelerate at a 8.91% CAGR to 2030.
Europe Outdoor LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| EU Ban on Fluorescent and Halogen Lamps | +2.1% | EU-wide, strongest in Germany, France, Netherlands | Medium term (2-4 years) |
| Expansion of Smart-City Connected Street-Lights | +1.8% | Northern and Western Europe, selective Eastern Europe | Long term (≥ 4 years) |
| Secondary Replacement Wave of 1st-Gen LEDs | +1.4% | Germany, UK, Netherlands with early LED adoption | Short term (≤ 2 years) |
| Post-2022 Energy-Price Surge Boosting TCO | +1.2% | Global Europe, strongest in energy-import dependent regions | Medium term (2-4 years) |
| Adaptive-Lighting and Light-Pollution Standards | +0.7% | Northern Europe, selective urban areas | Long term (≥ 4 years) |
| Municipal Decarbonization Bonds Funding Retrofits | +0.6% | EU-wide with national variations | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
EU Ban on Fluorescent and Halogen Lamps
The RoHS-linked ban eliminated mercury-based and inefficient lighting choices, forcing facility managers to accelerate procurement of compliant LED systems. Compliance deadlines prompted municipal councils to expedite budget approvals, which had previously followed multi-year cycles. With uncertainty removed, suppliers committed to new assembly lines inside the bloc, knowing that near-term demand is locked in. Cities that delayed earlier upgrades are now executing blanket retrofits to avoid non-compliance penalties. Simultaneous demand spikes have rewarded vendors with broad European distribution and local after-sales capability.
Expansion of Smart-City Connected Street Lights
Municipalities now view streetlights as sensor platforms that support traffic analytics, environmental monitoring, and public safety functions.[2]Signify, “Smart City Solutions,” signify.com Deployments in Chatou and Milton Keynes demonstrate that integrated nodes can reduce energy consumption, enhance maintenance scheduling, and increase telecom leasing revenue. Embedding 5G small cells in luminaires lets cities recoup hardware costs through carrier partnerships. Northern European pilots suggest that once 25% of a city's network is connected, data-driven optimization pays for additional roll-outs. Vendors that can integrate edge computing into luminaires are widening the technology gap versus commodity fixture suppliers.
Secondary Replacement Wave of 1st-Gen LEDs
Installations from 2010 to 2015 delivered 80–100 lm/W and limited dimming capabilities. Today's 150+ lm/W packages with full-spectrum control make early units uneconomical. German and Dutch utilities are prioritizing swap-outs even before end-of-life because maintenance truck-roll savings exceed residual value. The existing poles, wiring, and mounting brackets reduce labor hours, thereby slashing incremental project costs. Procurement specifications now demand open-protocol controls, allowing the next upgrade cycle to focus on software, not hardware. Vendors with modular drivers and field-upgradable firmware are winning tenders.
Post-2022 Energy-Price Surge Boosting TCO
Electricity bills rose 40–60%, compressing LED payback to under three years. Finance departments now classify lighting replacement as a cost-containment emergency, not discretionary capex. Projects that once required 10-year energy contracts now clear internal hurdles within one budget cycle. Adaptive dimming features that shave peak-price demand are becoming baseline tender requirements. Vendors marketing meter-grade energy reporting find receptive audiences because granular billing data helps utilities negotiate hedging contracts.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Inflation-Driven Municipal Budget Limits | -1.8% | EU-wide, strongest in Southern and Eastern Europe | Short term (≤ 2 years) |
| LED Driver IC Supply-Chain Volatility | -1.2% | Global Europe, manufacturing-dependent regions | Medium term (2-4 years) |
| Fragmented Pole-Ownership Logistics | -0.9% | Urban areas, multi-jurisdiction regions | Long term (≥ 4 years) |
| Stricter Blue-Light (CCT) Regulations | -0.7% | Northern Europe, environmentally sensitive areas | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Inflation-Driven Municipal Budget Limits
Higher borrowing costs and social spending priorities are squeezing discretionary infrastructure funds, despite attractive LED paybacks. Councils in Italy and Romania have postponed bids, hoping for more favorable financing windows or new EU grants. Smaller towns lacking credit ratings must lean on vendor-financed energy-service contracts, which lengthen procurement cycles. Some markets are bundling lighting with road resurfacing to access broader transport budgets, yet that strategy introduces coordination delays. Inflationary wage pressures further dilute capex, forcing scope reductions such as deferring decorative façades.
LED Driver IC Supply-Chain Volatility
Chronic semiconductor shortages have stretched driver delivery to 20–26 weeks, pushing installation timelines beyond seasonal work windows.[3]Acuity Brands, “2024 IES Progress Report Acceptances,” acuitybrands.com To mitigate risk, contractors often over-order drivers, which inflates working capital and insurance costs. Specification engineers now include multi-vendor driver approvals, but performance variance triggers redesign hours that cities must absorb. Meanwhile, Ams-OSRAM's EUR 588 million (USD 687.28 million) capacity build under the Chips Act is expected to ease tightness after 2026; however, until then, price premiums threaten budget compliance for feature-rich smart nodes.
Segment Analysis
By Product Type - Integrated Luminaires Extend System Value
Luminaires accounted for 69.5% of the European outdoor LED lighting market in 2024, indicating a preference among public buyers for sealed, warranty-bundled fixtures that minimize field labor. High-pressure die-cast housings, precision optics, and IP66 gasketing make integrated units attractive for harsh Nordic winters. Segment growth is linked to municipalities elevating aesthetic guidelines around heritage precincts, where fixture form-factor and warm-tone fidelity matter. Adaptive optics, on-pole sensors, and edge controllers embedded at manufacture lower the life-cycle cost compared to lamp-plus-retrofit kits.
Lamps, although smaller, are the fastest-growing slice at a 7.89% CAGR as building managers extend the life of solid poles and brackets in secondary roads. The lamp segment capitalizes on screw-in interchangeability; contractors can relamp a typical block in one evening without traffic rerouting. Yet, lamps face lumen density constraints that limit their suitability for high-mast corridors. Over the forecast horizon, Europe's outdoor LED lighting market players are likely to converge on hybrid offerings minimally invasive plug-in optics surrounded by dedicated drivers to serve budget-constrained towns that still demand dimming and telemetry capabilities.
By Application - Roads Anchor Budgets, Venues Accelerate
Street and roadway projects accounted for 42.7% of 2024 spending, underscoring municipalities' statutory duty to ensure traffic safety. Standardized EN 13201 photometric tables streamline tender drafting, thereby accelerating the process of issuing purchase orders. Cities value network-wide uniformity because it simplifies spare-parts stocking and asset mapping. Meanwhile, adaptive dimming that follows diurnal traffic counts can save 30% more energy than legacy constant-output programs, thereby boosting the net present value.
Sports and stadium lighting, growing at a rate of 8.76% per year, is benefiting from broadcast HDR requirements and UEFA venue classifications that mandate flicker-free horizontal luminances exceeding 6,000 lux. Event organizers bank on dynamic RGB-W shows that amplify sponsorship inventory. The premium margins in this sub-segment entice European outdoor LED lighting market vendors to bundle turnkey engineering, aiming to lock in recurring software licensing for show control.
By Installation Type - Retrofits Gain Structural Tailwinds
New projects captured 55.4% of the European outdoor LED lighting market size in 2024, as ongoing housing developments, industrial parks, and transit corridors still require new poles, trenches, and power runs. EPC contractors prefer to specify integrated, network-ready fixtures at the outset, avoiding costly post-handover upgrades. Design-build models shorten delivery timelines and firm-price risk.
Retrofits, advancing at 7.93% CAGR, derive momentum from EU Recovery and Resilience Facility grants earmarked for energy efficiency. Most retrofit scopes now bundle control nodes, unlocking data analytics that were impossible during the first LED cycle. Because retrofits rely on existing poles, the average project duration can be half that of new builds, freeing traffic lanes sooner and reducing public relations friction. Utilities that own the poles are piloting revenue-share models where advertising screens and EV chargers co-locate on refurbished foundations, signaling that the financial equation for replacements extends beyond power savings.
By Distribution Channel - Direct Sales Maintain Technical Edge
Direct sales accounted for a 63.2% revenue share in 2024, as complex integration jobs favor manufacturers that can co-design optics, electronics, and software. These partners often provide photometric simulations, grant-writing support, and on-site commissioning, services that wholesale distributors rarely match. Framework agreements spanning five or more years provide cities with predictable pricing for parts and firmware upgrade privileges.
E-commerce, scaling at 8.19% CAGR, appeals to maintenance crews needing standard-spec wall packs, bollards, and small LED retrofit kits. The web channel’s growth is reinforced by ETIM-coded digital catalogs that let buyers filter by lumen output, CCT, and IP rating. However, when tenders call for custom optics or guarantees above 10 years, purchasing agents still revert to direct negotiations. Over time, European outdoor LED lighting market suppliers are expected to launch hybrid portals where city engineers can configure fixtures online and then pass the final specifications to dedicated account managers.
Geography Analysis
Germany’s 34.29% revenue leadership stems from early federal incentives that standardized energy-performance contracts and from industrial clusters that refine optical and driver advances locally. Cities like Munich and Hamburg operate centralized asset-management platforms, where every pole is equipped with a GIS-tagged ID, providing policymakers with visibility into replacement cycles. The second-generation Europe outdoor LED lighting market wave is manifesting here first, with pilot stretches already using predictive driver-health analytics.
Poland is the fastest-growing nation at 8.91% CAGR, catalyzed by EUR 40 billion (USD 46.75 million) in modernization grants that subsidize up to 85% of capex for compliant fixtures. Medium-sized towns, such as Ładzice, demonstrate how rapid tendering frameworks enable municipalities to award multi-year retrofits within a single quarter. Local assembly partnerships help reduce VAT leakage and satisfy domestic-content clauses, aligning with national employment targets.
Northern and Western Europe, including France, the Netherlands, and the UK, feature high LED penetration yet still purchase advanced adaptive controls to curb light pollution and meet 2030 net-zero targets. Southern Europe combines tight budgets with tourism-driven façade lighting that demands premium designs, and some coastal cities have instituted coral-safe amber spectra in their waterfront promenades. Eastern Europe, from Slovakia to Romania, represents the frontier of expansion; its municipal budgets are smaller, but EU cohesion funds help offset the gap, providing manufacturers with a compelling volume play once tender paperwork is mastered.
Competitive Landscape
The Europe outdoor LED lighting market sits at the midpoint of the concentration ladder, with the top five vendors accounting for just over 60% of revenue, leaving room for national champions and niche optical specialists. Signify leverages its Interact platform to position itself as a data infrastructure provider rather than a hardware supplier, locking cities into subscription-based analytics. ams-OSRAM’s vertical integration in emitters, drivers, and optics buffers it from component shortages and underpins its Chips Act expansion. Zumtobel, backed by an EIB-funded R&D facility, is steering toward platform-agnostic control nodes that dovetail with third-party CMS software.[4]European Investment Bank, “Zumtobel Group Loan,” eib.org
Competitive tactics center on the completeness of the technology stack. Players without native controls are forming partnerships with IoT specialists to remain on bid shortlists. Market entrants from the telecom and EV-charger domains view poles as real estate for sensors, cameras, and charging points, intensifying cross-industry rivalry. Supply-chain resilience has become a qualifier; cities now review a vendor's dual-sourcing policy for drivers and chips before scoring price.
Over the next five years, consolidation is likely to occur among mid-tier brands that lack depth in digital services. Yet highly specialized startups focusing on wildlife-friendly amber spectra, dark-sky compliance, or UV-C disinfection attachments may thrive as acquisition targets. Europe's outdoor LED lighting market actors, capable of packaging financing, installation, and data-operational services under a single master contract, will hold the strongest bargaining position when municipal credit remains constrained.
Europe Outdoor LED Lighting Industry Leaders
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Signify N.V.
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ams-OSRAM AG
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Zumtobel Group AG
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Cree, Inc.
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Acuity Brands, Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: ams OSRAM launched the LEDguardian ROAD FLARE Signal V16 IoT, a DGT 3.0-certified warning device that will become mandatory for Spanish highways and expressways from January 2026; the beacon integrates a 360-degree orange flash and an embedded SIM that reports incidents directly to Spain’s DGT 3.0 platform, opening a new connected-safety niche for outdoor LED suppliers
- January 2025: ams OSRAM secured European Commission approval for up to EUR 227 million (USD 256.5 million) in state aid under the European Chips Act, part of a EUR 567 million (USD 641.2 million) expansion that will double optical-filter capacity and quadruple TSV throughput at its Premstaetten, Austria, fab by 2030, reinforcing regional component supply for outdoor LED luminaires
- December 2024: The European Investment Bank extended a EUR 50 million (USD 58.38 million) loan to Zumtobel Group to co-finance smart-lighting R&D until 2027.
Europe Outdoor LED Lighting Market Report Scope
| Lamps |
| Luminaires / Fixtures |
| Street and Roadway Lighting |
| Architectural and Landscape |
| Sports and Stadium |
| Tunnel and Bridge |
| Parking and Transit Areas |
| Other Applications |
| New Installation |
| Retrofit Installation |
| Direct Sales |
| Wholesale |
| Retail |
| E-commerce |
| United Kingdom |
| Germany |
| France |
| Netherlands |
| Italy |
| Spain |
| Greece |
| Ireland |
| Belgium |
| Luxembourg |
| Poland |
| Russia |
| Czech Republic |
| Rest of Europe |
| By Product Type | Lamps |
| Luminaires / Fixtures | |
| By Application | Street and Roadway Lighting |
| Architectural and Landscape | |
| Sports and Stadium | |
| Tunnel and Bridge | |
| Parking and Transit Areas | |
| Other Applications | |
| By Installation Type | New Installation |
| Retrofit Installation | |
| By Distribution Channel | Direct Sales |
| Wholesale | |
| Retail | |
| E-commerce | |
| By Country | United Kingdom |
| Germany | |
| France | |
| Netherlands | |
| Italy | |
| Spain | |
| Greece | |
| Ireland | |
| Belgium | |
| Luxembourg | |
| Poland | |
| Russia | |
| Czech Republic | |
| Rest of Europe |
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
