Germany 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 4.23 Billion |
| Market Size (2030) | USD 5.44 Billion |
| Growth Rate (2025 - 2030) | 6.07% 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. |
|
Germany LED Lighting Market Analysis by Mordor Intelligence
The Germany LED Lighting market recorded a market size of USD 4.23 billion in 2025 and is projected to reach USD 5.44 billion by 2030, advancing at a 6.07% CAGR through the forecast period. This outlook reflects Germany’s accelerated transition away from traditional luminaires, spurred by stringent regulatory mandates, ambitious climate-neutrality targets for 2045, and the ongoing decline in LED component costs.[1]DIN Media, “GEG - Energy Efficiency in Buildings,” dinmedia.de Increased construction activity, expanding smart-city budgets, and the RoHS III phase-out of fluorescent tubes have made LED retrofits unavoidable across commercial, industrial, and public infrastructures. German manufacturers are capturing premium demand by pairing locally produced fixtures with connected controls that support energy performance certificates and ESG reporting. Competitive intensity remains moderate as European suppliers defend share against high-volume Asian imports, while municipal utilities and corporate logistics operators anchor long-term purchase agreements tied to verified carbon reductions.
Key Report Takeaways
- By product type, luminaires and fixtures led with 62.5% revenue share in 2024; lamps are forecast to expand at a 9.6% CAGR through 2030.
- By distribution channel, wholesale and retail held a 54.5% share of the German LED Lighting market in 2024, while e-commerce is projected to grow at the fastest rate, with a 7.9% CAGR, through 2030.
- By installation type, retrofit applications accounted for 78.1% of the Germany LED Lighting market size in 2024; new installations are projected to advance at 8.5% CAGR.
- By application, highway and roadway lighting commanded the quickest trajectory at 10.3% CAGR between 2025-2030, versus residential’s 19.8% share in 2024.
- By end user, indoor deployments captured 63.1% of the German LED Lighting market share in 2024; outdoor installations are expected to expand at a 9.8% CAGR through 2030.
Germany LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Energy-efficiency targets under Germany's new Building Energy Act | +1.8% | National, with concentrated impact in commercial and public buildings | Medium term (2-4 years) |
| Phase-out of fluorescent lamps (EU RoHS III) is accelerating retrofit demand | +2.1% | EU-wide, with immediate German market impact | Short term (≤ 2 years) |
| Corporate ESG programs prioritizing low-carbon lighting in logistics hubs | +0.9% | National, concentrated in industrial corridors and major cities | Medium term (2-4 years) |
| Surge in horticulture LEDs from the controlled-environment agriculture boom | +0.7% | National, with regional clusters in Bavaria, North Rhine-Westphalia | Long term (≥ 4 years) |
| Dynamic-tunable lighting demand in Industry 4.0 smart factories | +0.6% | National, concentrated in manufacturing regions | Long term (≥ 4 years) |
| Subsidized solar-plus-LED street-lighting pilots by German municipal utilities | +0.4% | National, with early adoption in progressive municipalities | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Energy-Efficiency Targets Under Germany’s Building Energy Act
The 2024 revision of the Building Energy Act requires new non-residential structures to consume no more than 55% of the energy of a reference building, explicitly including lighting loads in the calculation of compliance. By linking occupancy permits to verified primary energy use, the law shifts LED specification from a discretionary upgrade to a legal requirement for architects and owners. Renovations exceeding 25% of the building envelope or systems must also demonstrate that energy performance will not deteriorate, turning every major retrofit into an LED opportunity. Connection to mandated energy certificates and municipal inspections provides the market with prolonged visibility, encouraging domestic fixture makers to scale their local production lines and distributors to stock higher-performance SKUs that meet enhanced lumen-per-watt thresholds.
Phase-Out of Fluorescent Lamps (EU RoHS III) Accelerating Retrofit Demand
The EU’s RoHS III directive banned T5 and T8 fluorescents from August 2023, removing the only economical non-LED alternative across Europe.[2]Licht.de, “Timetable for Lamp Exit,” licht.de German offices, hospitals, and industrial plants now face the inevitable conversion of millions of sockets as legacy lamp inventories are phased out. Because industrial luminaires in hazardous zones lost their exemptions, many facilities must also upgrade to certified explosion-proof LED units, supporting above-average margins for specialized suppliers. With no reversal expected and disposals reaching peak volume through 2026, retrofit demand remains resilient even if macroeconomic cycles soften capital spending.
Corporate ESG Programs Prioritizing Low-Carbon Lighting in Logistics Hubs
Large logistics operators, including DHL, mandate the use of LED luminaires with occupancy sensors and daylight harvesting in new terminals to align with their carbon-neutral roadmaps. Continuous 24-hour operations enhance energy savings, making payback periods more attractive, even at premium system prices. EU sustainability reporting standards require measured energy use, pushing demand for LEDs that integrate metering chips and IoT gateways capable of exporting data to carbon accounting platforms. Suppliers that bundle luminaires, controls, and software subscriptions are preferred as shippers seek turnkey verification of Scope 2 reductions.
Surge in Horticulture LEDs From Controlled-Environment Agriculture Boom
Indoor farming clusters in Bavaria and North Rhine-Westphalia are installing full-spectrum horticulture luminaires with AI-driven spectral tuning, which boosts yields while reducing electricity consumption by up to 60%. Venture funding and state-level agriculture grants accelerate adoption as growers target year-round production, insulated from the volatility of outdoor climates. German LED specialists embed sensors and closed-loop controls inside fixtures, targeting premium export markets as well. Although niche today, this segment promises steady long-term growth, given Germany’s focus on food security policy.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High upfront cost versus legacy luminaires for SME refurbishments | -1.2% | National, with a concentrated impact on small and medium enterprises | Short term (≤ 2 years) |
| Looming shortage of skilled installers for advanced connected lighting | -0.8% | National, with regional variations in workforce availability | Medium term (2-4 years) |
| Supply-chain dependence on Asian LED chips amid geopolitical risk | -0.6% | National, with a higher impact on import-dependent manufacturers | Medium term (2-4 years) |
| Fragmented tendering slows adoption in public-sector building stock | -0.4% | National, with concentrated impact on municipal and state procurement | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
High Upfront Cost Versus Legacy Luminaires for SME Refurbishments
Smaller enterprises often postpone LED upgrades because the acquisition and installation costs exceed their annual facility budgets, despite the five- to seven-year payback period. Many lack in-house engineers to validate energy audits or navigate subsidies, causing decision delays. Federal loan programs through KfW and pooled purchasing initiatives are lowering entry barriers, yet price sensitivity will remain acute until interest rates ease or component prices fall further.[3]Viessmann, “Gebäudeenergiegesetz 2024: Stand 2025,” viessmann.de
Looming Shortage of Skilled Installers for Advanced Connected Lighting
Germany reported 96,580 open electrician positions in early 2024, with roughly two-thirds of these positions linked to energy-transition projects, including smart lighting. Connected luminaires require commissioning, wireless networking, and integration into building management systems—skills underrepresented in traditional electrical apprenticeships. Trade associations and manufacturers are now co-developing fast-track curricula, but the talent pipeline will take several years to stabilize, potentially delaying the rollouts of complex retrofits in the interim.
Segment Analysis
By Product Type: Integrated Solutions Drive Market Evolution
Luminaires captured 62.5% of the German LED Lighting market share in 2024, as developers favor one-piece systems optimized for optics, thermal dissipation, and controls. Manufacturers such as TRILUX supply modular linear fixtures that simplify maintenance and enable future driver or sensor swaps, extending service life without full replacement. The lamps sub-segment is expected to grow at the fastest rate, with a 9.6% CAGR to 2030, driven by the large installed base of fluorescent holders in warehouses and schools. The Germany LED Lighting market size for lamps will therefore climb steadily as price drops convince facilities managers to pursue lamp-level retrofits before budgeting for full luminaire changeouts.
Demand dynamics reflect a maturing ecosystem in which fixture price premiums are narrowing while performance standards are rising. Corporate buyers now request guaranteed lumen maintenance beyond 100,000 hours, prompting local manufacturers to advance chip-on-board technologies and high-thermal-conductivity housings. Conversely, importers of commodity retrofit bulbs compete on cost, enabling cash-strapped SMEs to comply with RoHS III regulations without incurring large capital expenditures. This bifurcation sustains both high-end and volume segments inside the overall German LED Lighting market.
By Distribution Channel: E-Commerce Reshapes Professional Procurement
Wholesale outlets controlled 54.5% of the market value in 2024, thanks to their established relationships with electrical contractors who rely on on-site project support, kitting services, and favorable credit terms. Yet, the German LED Lighting market shows a clear digital pivot: e-commerce revenue is set to climb at a 7.9% CAGR as configurators, augmented-reality layout tools, and 48-hour doorstep delivery remove friction for smaller jobs. Large brands now operate hybrid portals where accredited installers can assemble project carts online and pick them up at regional depots on the same day. The Germany LED Lighting market size stemming from online orders will therefore broaden beyond do-it-yourself buyers to professional crews executing quick turnarounds on retail shops and residential towers.
Direct sales remain vital for national grocery chains, logistics parks, and municipal utilities that negotiate framework contracts including five-year maintenance clauses and system-level performance guarantees. For these customers, manufacturers bundle photometric studies, on-site commissioning, and finance solutions, securing predictable volumes while insulating themselves from price-only competition.
By Installation Type: Retrofit Dominance Mirrors Building Stock Realities
Retrofit work represented 78.1% of the German LED Lighting market size in 2024, a figure unlikely to decline before the late decade, given the extensive pre-2000 building stock. Programs such as Munich’s upgrade of 68,000 streetlights demonstrate how retaining existing poles and wiring can cut project CAPEX while still delivering 75% energy savings. New-build demand, however, accelerates at an 8.5% CAGR as office towers and logistics centers integrate LEDs from the outset to meet GEG thresholds. German fixture makers are increasingly designing luminaires around standardized DALI-2 and Bluetooth mesh drivers, allowing contractors to commission both retrofit and new installations with the same skill set, thereby easing labor constraints.
By Application: Highway Infrastructure Spurs Smart-City Budgets
Highway and roadway upgrades constitute the fastest-growing segment, expanding at a 10.3% CAGR to 2030 as municipalities integrate lighting into broader 5G and electric-vehicle-charging corridors. O2 Telefónica’s plan to mount small-cell radios on LED poles across 25 major cities illustrates the synergy between telecom and lighting that unlocks shared financing. Residential share remains meaningful at 19.8% because consumer awareness and falling bulb prices keep household conversions brisk, yet growth moderates as penetration nears saturation.
Industrial estates value LEDs for their resistance to vibration, high ambient temperatures, and the ability to restart instantly after power dips. Retail chains, meanwhile, leverage tunable white fixtures to increase shopper dwell time and comply with green-lease clauses that are now included in half of all new mall contracts. Horticulture’s long-term upside stems from plant-specific spectra driving 35% yield boosts and new EU funds being funnelled into urban farms.
By End User: Outdoor Networks Accelerate Connected-City Services
Indoor environments still accounted for 63.1% of Germany's LED Lighting market share in 2024, but outdoor projects clock the stronger 9.8% CAGR as cities retrofit roadways, plazas, and pedestrian paths with sensor-rich luminaires. Hamburg’s conversion of 126,000 fixtures to long-wave radio control demonstrates how centralized dashboards simultaneously reduce truck rolls and energy bills. Outdoor poles serve as hosts for air-quality meters, CCTV, and electric-vehicle chargers, enabling city councils to finance upgrades through blended budgets that incorporate public safety and mobility line items.
Geography Analysis
Southern states, such as Bavaria and Baden-Württemberg, lead the adoption due to their concentration of technology firms and automotive suppliers that mandate energy-efficient plants. North Rhine-Westphalia’s dense industrial belt maintains high retrofit volumes, particularly within chemical parks, where explosion-proof LEDs replace aging fluorescents. Northern coastal states harness abundant wind energy by pairing adaptive streetlights with surplus renewable energy output, thereby lowering grid stress during peak periods. OECD research on Hamburg’s 2040 climate-neutral plan cites LEDs as the single largest electricity saver in the building sector, demonstrating how metropolitan climate targets sustain procurement pipelines.[4]OECD, “Reaching Climate Neutrality for the Hamburg Economy by 2040,” oecd.org
Regional installer shortages differ sharply: Saxony and Thuringia report wait times exceeding six months for large connected-lighting crews, whereas metropolitan Munich draws talent from adjacent districts, maintaining smoother deployment calendars. Supply-chain resilience also varies; Baden-Württemberg benefits from ams OSRAM’s local chip packaging, mitigating Asian freight disruptions. Cross-border intra-EU trade enables the rapid shipment of drivers and optics from plants in the Netherlands and Austria, but geopolitical risks surrounding gallium restrictions from Asia prompt German buyers to explore European semiconductor initiatives.
Competitive Landscape
Market fragmentation remains moderate, with Europe-based leaders Signify and ams OSRAM defending their share of the general lighting market, while domestic specialists such as SITECO and TRILUX dominate the industrial and retail niches. Competitive leverage hinges on integrated solutions rather than commodity lamps. SITECO markets fixtures that surpass 200 lm/W and claims annual CO₂ savings of 3 million tons for its German customers, reinforcing its climate narratives. TRILUX’s acquisition of Ansorg expanded its reach into automotive showrooms, a vertical that demands high color fidelity and glare control.
Asian manufacturers flood low-margin retrofit bulb categories, yet European certification hurdles and local-content preferences limit their presence in specification-heavy projects. To counter cost competition, German firms are expanding vertical integration. Ams OSRAM’s EUR 500 million notes issue in July 2025 funds semiconductor capacity, which shortens lead times for domestic fixture assembly. Ecosystem collaborations now drive differentiation—Zumtobel bundles IoT analytics with lighting, while telecom operators co-deploy 5G nodes on luminaires, embedding vendors deeper into the value chains of smart infrastructure.
Germany LED Lighting Industry Leaders
-
OSRAM Licht AG
-
Signify N.V.
-
Trilux GmbH and Co. KG
-
Zumtobel Group AG
-
Siteco GmbH
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- August 2025: Zumtobel Group posted 2023/24 results, confirming sustained German revenue despite global headwinds.
- July 2025: ams OSRAM raised EUR 500 million in senior notes to refinance minority put options and buy back convertibles, securing capital for German semiconductor lines.
- May 2025: O2 Telefónica began nationwide rollout of 5G-enabled LED streetlights across Germany’s 25 largest cities.
- January 2025: DHL Freight opened a Berlin logistics hub featuring smart LED systems aligned with the company's corporate net-zero goals.
Germany 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
