Germany Indoor 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 2.99 Billion |
| Market Size (2030) | USD 3.9 Billion |
| Growth Rate (2025 - 2030) | 5.49% 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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Germany Indoor LED Lighting Market Analysis by Mordor Intelligence
The Germany indoor LED lighting market size is estimated at USD 2.99 billion in 2025 and is projected to reach USD 3.90 billion by 2030, registering a 5.49% CAGR over the forecast period. The projection reflects Germany’s decisive pivot from legacy halogen and fluorescent lamps toward higher-efficiency solid-state alternatives under the EU Ecodesign Regulation and RoHS-III directives. Tighter building-energy targets, KfW-backed retrofit subsidies, and rapid declines in LED package costs accelerate conversions across residential, commercial, and industrial premises. Supply chain risk remains a near-term concern because Germany imports 84% of its rare-earth inputs from China, raising phosphor price volatility and driver IC shortages that occasionally delay luminaire deliveries. Competitive intensity is moderate, with ERCO, LEDVANCE, TRILUX, Signify, and ams-OSRAM defending positions by bundling luminaires, controls, and commissioning services while expanding smart-lighting portfolios. Market opportunities are coalescing around human-centric lighting, DALI-2 interoperability, and retrofit solutions that preserve the architecture of heritage buildings while achieving 60–80% energy savings.
Key Report Takeaways
- By product type, luminaires and fixtures commanded 59.98% of Germany indoor LED lighting market share in 2024, whereas lamps are projected to post the fastest 7.52% CAGR through 2030.
- By application, residential installations held a 40.61% revenue share in 2024 and are expected to expand at a 8.32% CAGR through 2030.
- By installation type, retrofits dominated with 74.98% share in 2024, while new installations are forecast to grow at a 6.54% CAGR over the outlook period.
- By distribution channel, wholesale and retail controlled 53.41% of the Germany indoor LED lighting market size in 2024; e-commerce is anticipated to be the fastest-growing channel at a 5.98% CAGR.
Germany Indoor LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| EU Ecodesign and RoHS-III phase-out fuels LED demand | +1.2% | Germany, EU-wide compliance | Medium term (2-4 years) |
| Rapid cost decline and efficacy gains of LED packages | +0.8% | Global supply chain, Germany manufacturing | Short term (≤ 2 years) |
| KfW-backed retrofit subsidies for commercial buildings | +0.9% | Germany national, regional variations | Medium term (2-4 years) |
| Surge in smart and human-centric lighting projects | +0.7% | Germany urban centers, commercial districts | Long term (≥ 4 years) |
| Deep energy retrofits of heritage buildings | +0.3% | Germany historic city centers | Long term (≥ 4 years) |
| Rise of high-CRI lighting for micro-manufacturing hubs | +0.4% | Germany industrial regions, Baden-Württemberg | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
EU Ecodesign and RoHS-III Phase-Out Fuels LED Demand
Mandatory withdrawal deadlines for halogen and fluorescent technologies under EU Ecodesign rules, combined with mercury restrictions in RoHS-III, prompt building owners to adopt LEDs as the only compliant substitute. Germany facility managers increasingly replace still-functioning luminaires ahead of failure to avoid fines and inspection delays. The framework reduces project risk perception, enabling multi-site rollouts, such as the 1 million-luminaire upgrade at Vitos KJP Herborn hospital.[1]INLOCON AG, “Leistungsbeschreibung,” ee-portal.eu Procurement cycles are shortened because specifications default to LEDs that already meet DIN EN 12464-1 glare and illuminance requirements. Distributors benefit from predictable stocking plans, and manufacturers gain volume certainty to negotiate upstream component contracts, thereby partly shielding them from raw material swings.
Rapid Cost Decline and Efficacy Gains of LED Packages
Volume manufacturing, automated assembly, and material optimization reduce the cost of packaged LEDs while efficacy exceeds 200 lm/W in mass-market products. Signify reported bill-of-materials savings in 2024 despite semiconductor inflation by dual-sourcing driver ICs and redesigning optics. Lower wattage per lumen means retrofits rarely require circuit rewiring, bringing the total installed cost down to levels that allow for two-year paybacks even without subsidies. Falling prices stimulate lamp replacements in households that skipped earlier CFL upgrades, broadening the addressable base for the Germany indoor LED lighting market. Domestic producers leverage shorter logistics loops to compress lead times, making European assembly a competitive hedge against disruptions in freight from the Asia-Pacific region.
KfW-Backed Retrofit Subsidies for Commercial Buildings
KfW allocated EUR 2.5 billion (USD 2.8 billion) in 2024 for energy-efficiency upgrades, including lighting, which reduced paybacks from 4–5 years to approximately 18 months for offices and schools. Funding criteria typically demand integrated controls, driving demand for DALI-2 gateways, wireless sensors, and analytics dashboards. Building owners classify lighting projects as capital improvements rather than maintenance, which helps smooth internal budget approvals. Manufacturers respond with pre-qualified product lines carrying KfW documentation to simplify grant applications. Multi-year subsidy ceilings provide OEMs with confidence to scale production of premium luminaires that incorporate tunable white engines and occupancy-based dimming.
Surge in Smart and Human-Centric Lighting Projects
Hybrid work modes and wellness certification schemes are elevating circadian-supportive illumination from a niche to a mainstream approach in German offices. ERCO’s Hamburg State Opera retrofit achieved 80% energy savings and enhanced performer comfort through the use of tunable white fixtures and DALI-2 controls. Data streams captured by sensors allow facility managers to benchmark usage, inform cleaning schedules, and document ESG metrics. Complexity, however, magnifies the need for skilled commissioning; open vacancies in the electrical trades rose to 96,580 in 2024, a 13% increase over 2023, which stretches project timelines. Solution providers, therefore, bundle installation and analytics services, cementing long-term client relationships that smooth revenue in an otherwise cyclical luminaires market.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Higher upfront cost of smart/HCL luminaires | −0.6% | Germany commercial markets, premium segments | Short term (≤ 2 years) |
| Volatile supply of driver ICs and power components | −0.9% | Global supply chain, Germany manufacturing | Short term (≤ 2 years) |
| Uncertainty over DIN EN 12464-1 glare limits | −0.2% | Germany workplace lighting, commercial offices | Medium term (2-4 years) |
| Shortage of skilled wireless-commissioning labor | −0.7% | Germany urban centers, smart building projects | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Higher Upfront Cost of Smart/HCL Luminaires
Tunable-white downlights with embedded sensors command a two- to threefold price premium over conventional LED panels, deterring cost-sensitive facility managers. Budget restrictions in small and medium-sized enterprises frequently cap lighting allocations, prompting buyers to opt for stripped-down models that forego IoT modules. Large-scale retrofits magnify capital outlays, forcing phased installations that dilute immediate energy savings. Some owners lack analytical tools to quantify occupant wellness benefits, so they default to the lowest-price bids. Until smart-lighting vendors streamline BOM costs and clarify total cost of ownership, adoption in secondary cities may stall, tempering the projected growth trajectory of the Germany indoor LED lighting market.
Volatile Supply of Driver ICs and Power Components
Lead times for specialized constant-current drivers increased to 12–16 weeks in 2024, prompting OEMs to redesign luminaires around alternative chipsets.[2]Deutsche Welle, “Will Germany face a rare earths shortage?” dw.com Spot pricing spikes compress manufacturer margins or inflate end-user prices. Supply interference disproportionately impacts smart and human-centric products that rely on advanced dimming engines, delaying project milestones. Distributors buffer inventories, but holding costs rise as financing rates climb. Unless chip-fabrication capacity diversifies beyond East Asia, component fragility could suppress premium-segment volumes and moderate the overall Germany indoor LED lighting market CAGR.
Segment Analysis
By Product Type: Luminaires Reshape Adoption Patterns
The Germany indoor LED lighting market size for luminaires reached USD 1.79 billion in 2024, accounting for 59.98% of the total revenue. Lamps, although smaller in absolute terms, will contribute the fastest revenue growth at a 7.52% CAGR from 2025 to 2030. Integrated control capabilities, architectural aesthetics, and modular optics position luminaires as the default specification for offices, hospitals, and production halls. Premium lines incorporate sensors and DALI-2 drivers that align with KfW funding requirements, reinforcing their pull-through effect on the Germany indoor LED lighting market.
Second-generation luminaires leverage wireless protocols that simplify commissioning in retrofit scenarios. ERCO’s modular track systems illustrate the advantage: facility managers can reconfigure beam angles without rewiring, extending product life cycles.[3]ERCO GmbH, “Conversions made easy: track for flexible light in offices,” erco.com Lamps, by contrast, thrive on ease of replacement in residential settings, where screw-in form factors and smartphone-based controls satisfy consumers seeking incremental upgrades. Price elasticity remains higher in the lamp segment, permitting rapid uptake when promotions align with heating-season energy-saving campaigns.
By Application: Residential Demand Anchors Growth
Residential premises accounted for 40.61% of Germany indoor LED lighting market share in 2024, translating into USD 1.21 billion in revenue, and the segment is projected to log an 8.32% CAGR through 2030. Declining bulb prices, expanding e-commerce assortments, and voice-assistant integration are spurring penetration among homeowners renovating their post-pandemic spaces. Utility-driven rebate programs also encourage households to replace aging CFLs, adding momentum to segment expansion within the Germany indoor LED lighting market.
Commercial offices, retail, hospitality, education, healthcare, and industrial facilities exhibit diversified adoption patterns. Offices align lighting investments with flexible-work redesigns, favoring tunable white schemes that support circadian rhythms. Retail spaces utilize accent lighting to enhance the in-store experience, while hospitality chains implement multi-property retrofits to comply with brand-wide carbon reduction budgets. Industrial facilities are increasingly specifying high-CRI fixtures that enhance the visual inspection of machined components, especially in automotive hubs. Although these segments grow more slowly than residential, their larger average order values help sustain revenue stability for OEMs.
By Installation Type: Retrofit Dominance Reveals Market Maturity
Retrofits captured 74.98% of 2024 volume, confirming a market defined by extensive existing building stock. Project scopes range from lamp swaps in apartments to holistic luminaires-plus-controls overhauls in headquarters towers. Heritage properties, such as the Hamburg State Opera, highlight retrofit challenges: installers overcame historical constraints yet achieved an 80% energy savings. Such case studies amplify confidence among owners of landmark buildings, extending the retrofit boom that underpins the Germany indoor LED lighting market.
New installations are expected to grow at a 6.54% CAGR as construction rebounds, particularly in mixed-use developments that pre-specify LED packages for all interior zones. Architects integrate lighting controls into BIM models, streamlining the downstream commissioning process. The new-build pipeline also encourages experimentation with embedded Li-Fi communication or environmental sensing that would be unviable in constrained retrofit envelopes. Consequently, retrofit revenue remains larger, but new-build specifications accelerate the diffusion of technology.
By Distribution Channel: Wholesale, Retail Retains Primacy
Wholesale retail outlets accounted for 53.41% of Germany indoor LED lighting market size in 2024, valued at USD 1.60 billion. Electrical distributors sustain project pipelines by offering technical design support, credit terms, and certified training. Contractors rely on their local stockholding to meet tight retrofit schedules, reinforcing loyalty to traditional channels. Manufacturers nurture these relationships through co-branded training workshops and joint marketing roadshows.
E-commerce is expected to be the fastest-growing channel, with a 5.98% CAGR, as residential consumers and small contractors increasingly adopt direct ordering. KIRA Leuchten’s B2B web shop exemplifies the pivot: curated SKUs for hazardous-area luminaires arrive with data sheets that satisfy regulatory documentation requirements. Direct sales to large corporate accounts complete the distribution mix, handling bespoke luminaires for headquarters or factory campuses where customization outweighs transaction-cost considerations.
Geography Analysis
Southern industrial states, notably Baden-Württemberg and Bavaria, anchor premium demand for high-CRI and smart controls thanks to dense manufacturing clusters that value productivity gains. Bavarian municipalities extend façade-lighting curfews to curb energy use, prompting building owners to install motion-responsive LEDs that dim automatically, a practice that spills into interior retrofit mindsets. Retrofit rates in these regions exceed the national average because corporate tenants treat lighting upgrades as a prerequisite for ESG disclosures.
Northwestern coastal states leverage cheap offshore wind electricity, shortening paybacks for comprehensive LED upgrades in logistics centers and universities. Hamburg’s cultural venues capitalize on federal heritage grants, as well as KfW efficiency loans, showcasing that architectural preservation and energy conservation are mutually reinforcing. Success stories influence policymakers in other Länder to tighten local building codes, indirectly enlarging the Germany indoor LED lighting market.
Eastern federal states, while hosting less commercial real estate, pursue lighting retrofits in public buildings through EU cohesion funds. Cross-border component flows via Poland and the Czech Republic shrink lead times for OEMs headquartered in eastern Germany, granting them agility during semiconductor shortages. Diverse regional energy tariffs further shape adoption: areas with higher grid prices see quicker return on efficient lighting, accelerating residential bulb replacements, whereas zones with abundant renewables prioritize smart controls that optimize consumption profiles.
Competitive Landscape
Top Companies in Germany Indoor LED Lighting Market
Domestic luminaire specialists ERCO, TRILUX, and LEDVANCE strike a balance between engineering depth and local customer proximity. Their portfolios integrate track systems, recessed spots, and panel luminaires optimized for DALI-2 and Bluetooth Mesh, supporting Germany indoor LED lighting market differentiation. International majors such as Signify and ams-OSRAM exploit economies of scale in LED packages and driver electronics, allowing aggressive price positioning in commodity troffers while up-selling cloud-based analytics subscriptions.
Smart-lighting ecosystems constitute the new battleground. Traditional fixture makers form alliances with software startups to embed AI-driven daylight harvesting and occupancy prediction. Signify’s WaveLinx platform, recognized in the 2024 IES Progress Report, signifies the convergence of controls and luminaires into unified value propositions. Samsung’s 2024 exit from LED components narrows supplier options, prompting European OEMs to deepen ties with Taiwanese fabs and explore in-house driver design to secure resilience.
Vertical integration extends to services: ERCO operates a consulting arm that handles photometric simulations, onsite programming, and post-occupancy evaluations. TRILUX’s 2024 acquisition of Ansorg strengthened its niche in museum lighting, combining hardware with curatorial expertise. Market entrants willing to specialize in heritage retrofits or high-CRI industrial platforms can carve out defensible beachheads, even as broader categories become commoditized.
Germany Indoor LED Lighting Industry Leaders
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Signify N.V.
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ams-OSRAM AG
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LEDVANCE GmbH
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Zumtobel Group AG
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Trilux GmbH & Co. KG
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: ams OSRAM reported Q1 2025 Lamps & Systems revenue of EUR 249 million, with an adjusted EBITDA margin of 24.5%, citing “solid demand” for professional indoor LED emitters despite halogen declines
- January 2025: LEDVANCE expanded its Class A portfolio by introducing 45 ultra-efficient indoor LED lamps and T8 tubes, which reach up to 210 lm/W, designed to reduce electricity consumption by as much as 60% compared to standard LEDs.
- January 2025: ams OSRAM showcased at CES 2025 its OSIRE E3731i RGB LEDs with Stand-Alone Intelligent Driver architecture and multizone dToF presence sensors aimed at energy-adaptive indoor luminaires
- January 2025: Signify announced that CEO Eric Rondolat will depart after the April 2025 annual meeting, amid a decline in revenue to EUR 6.143 billion (USD 6.9 billion) and a 25% share-price drop.
Germany Indoor LED Lighting Market Report Scope
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting.| Lamps |
| Luminaires/Fixtures |
| Residential |
| Commercial Offices |
| Retail Stores |
| Hospitality |
| Industrial Facilities |
| Healthcare and Education |
| Other Applications |
| New Installation |
| Retrofit Installation |
| Direct Sales |
| Wholesale Retail |
| E-commerce |
| By Product Type | Lamps |
| Luminaires/Fixtures | |
| By Application | Residential |
| Commercial Offices | |
| Retail Stores | |
| Hospitality | |
| Industrial Facilities | |
| Healthcare and Education | |
| Other Applications | |
| By Installation Type | New Installation |
| Retrofit Installation | |
| By Distribution Channel | Direct Sales |
| Wholesale Retail | |
| E-commerce |
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
