Germany 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 1.03 Billion |
| Market Size (2030) | USD 1.46 Billion |
| Growth Rate (2025 - 2030) | 7.27% 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 Outdoor LED Lighting Market Analysis by Mordor Intelligence
The Germany outdoor LED lighting market is estimated to be worth USD 1.03 billion in 2025 and is projected to reach USD 1.46 billion by 2030, indicating an overall expansion of the German outdoor LED lighting market at a 7.27% CAGR. Strict EU ecodesign mandates, generous municipal retrofit grants, and rapid declines in technology costs collectively underpin this upward trajectory. Vendor competition remains moderate as European incumbents integrate digital controls and sustainability credentials to defend share against price‐aggressive Asian suppliers. Demand concentrates in street and roadway upgrades, yet growth opportunities widen in sports venues and smart-city corridors that require IoT-ready luminaires and adaptive dimming.
Key Report Takeaways
- By product type, luminaires led with 69.3% revenue share in 2024; lamps are projected to advance at a 6.7% CAGR through 2030.
- By application, street and roadway lighting accounted for 43.7% of the Germany outdoor LED lighting market share in 2024, and sports and stadium venues are set to grow at a 5.2% CAGR to 2030.
- By installation type, new installations captured 54.5% of the Germany outdoor LED lighting market size in 2024, while retrofit activity is accelerating at a 7.0% CAGR through 2030.
- By distribution channel, direct sales held a 64.2% share in 2024, whereas e-commerce is projected to post the fastest 5.2% CAGR to 2030.
Germany Outdoor LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Government-backed energy-efficiency mandates | +1.8% | National, with early gains in major municipalities | Short term (≤ 2 years) |
| Expansion of smart-city corridors and IoT-ready street poles | +1.2% | Urban centers, spill-over to suburban areas | Medium term (2-4 years) |
| Rapid price erosion of high-luminosity LED chips | +0.9% | Global supply chain impact on German market | Short term (≤ 2 years) |
| EU Green Deal-driven carbon-neutral building codes | +1.1% | EU-wide with German leadership implementation | Long term (≥ 4 years) |
| V2X-enabled adaptive roadway luminaires | +0.6% | Pilot regions in Baden-Württemberg, North Rhine-Westphalia | Long term (≥ 4 years) |
| Circular-economy retrofit demand from facility owners | +0.4% | Industrial regions, expanding to commercial districts | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Government-backed Energy-Efficiency Mandates
Germany enforces a 2% annual public-sector energy-savings rule, prompting accelerated municipal LED adoption.[1]Carolina Kyllmann, “German government aims to reduce final energy consumption over one quarter by 2030,” Clean Energy Wire, cleanenergywire.org Hamburg’s conversion of 126,000 luminaires illustrates scale, achieving brightness-dependent control via longwave radio. Munich’s eight-year plan to retrofit 48,000 units secures 60% energy savings. The Kommunalrichtlinie grants reimbursement of up to 40% of qualifying projects, easing capital barriers. Smart metering obligations above 6,000 kWh link dynamic tariffs with lighting controls. Together, these mandates reposition energy-efficient lighting from an optional upgrade to a regulatory requirement.
Expansion of Smart-City Corridors and IoT-Ready Street Poles
KfW's Smart Cities grants subsidize connected lighting pilots that feed data into municipal digital twins. Trier's Shuffle luminaires bundle Wi-Fi access, generating local broadband revenue. Deutsche Telekom's advisory arm positions adaptive light management as a foundational smart-city platform service. EV-charging street poles in Langenhagen show how multifunction assets unlock new funding models. As urban corridors digitize, the German outdoor LED lighting market is gaining momentum from the monetization of ancillary services and data-driven maintenance savings.
Rapid Price Erosion of High-Luminosity LED Chips
Chinese exporters shipped USD 43.3 billion of LED products in 2023, intensifying price competition in the European market. Component cost declines shorten municipal payback periods, freeing budgets for sensor upgrades. ams OSRAM's EUR 2.5 billion semiconductor design-win pipeline underlines continued efficiency gains despite restructuring. Yet, the gallium supply concentration in China introduces future volatility that German buyers must hedge against. Short-term cost relief nonetheless fuels faster tender cycles, thereby reinforcing Germany's market penetration in the outdoor LED lighting sector.
EU Green Deal-Driven Carbon-Neutral Building Codes
Regulation 2024/1781 mandates the implementation of sustainability metrics and a digital product passport for luminaires by 2026. Signify’s pledge to reduce greenhouse gas emissions by 90% by 2040 aligns with procurement scoring that favors suppliers with low environmental impact. Berlin estimates a 1.3-tonne CO₂ reduction per six-flame gas lantern converted, underscoring the compliance dividends. The regulation's 18-month staging incentivizes early orders for conforming products, giving proactive municipalities a head start on funding.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Up-front cost premium of connected lighting systems | -0.8% | Budget-constrained municipalities nationwide | Short term (≤ 2 years) |
| Stricter glare and light-pollution limits | -0.5% | Environmentally sensitive areas, UNESCO sites | Medium term (2-4 years) |
| Skilled-labor shortage for networked lighting retrofits | -0.6% | National, acute in rural and eastern regions | Medium term (2-4 years) |
| Supply-chain volatility for rare-earth phosphors | -0.4% | Global supply impact on German procurement | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Up-Front Cost Premium of Connected Lighting Systems
Networked LED solutions can cost two to four times more than basic retrofits, straining budgets in smaller towns that lack ESPC know-how. Kommunalrichtlinie co-funding softens the hit, yet rarely covers the full sensor and backhaul expense. Performance-contracting models documented by the World Bank shift capex to private partners, but German municipalities remain cautious adopters.[2]World Bank, “Investing in a brighter future,” worldbank.org Until procurement frameworks mature, the German outdoor LED lighting industry faces delayed demand in cost-sensitive regions.
Stricter Glare and Light-Pollution Limits
Federal biodiversity guidelines require a 0% upward light ratio for new luminaires, narrowing product choices and increasing optical design costs. EU green public procurement criteria add G-index thresholds that many low-cost imports fail to meet. Munich's motion-detection dimming on pathways demonstrates that compliance can also reduce energy use by 93%, but the engineering effort increases. As regulations tighten, specification risk slows bid evaluations, trimming short-term growth.
Segment Analysis
By Product Type: Luminaires Drive Infrastructure Modernization
Luminaires captured 69.3% of Germany's outdoor LED lighting market revenue in 2024, underscoring the city's preference for integrated housings that simplify maintenance and upkeep. Lamps, although smaller in value, record the fastest 6.7% CAGR as municipalities extend asset life through plug-in modules. Hamburg's mass switch-out validated the economies of scale offered by turnkey luminaires. Signify’s 3D-printed units, made with 65% recycled polymers, anticipate digital passport compliance and reduce parts count by 40%.
Looking ahead, lamp retrofits gain where heritage fixtures hold cultural protection, a niche that Berlin's gas-to-LED program exploits. The German outdoor LED lighting market benefits as fixture makers embed wireless nodes that transform simple housings into edge compute platforms. Despite debates over gallium prices, high-lumen packages sustain efficacy roadmaps, enabling luminaires to outpace lamp performance without breaching light pollution caps. Vendors offering modular drivers and replaceable LED boards hedge circularity rules, positioning for long-term refurbishment contracts.
By Application: Sports Venues Emerge as Growth Catalyst
Street and roadway projects retained a 43.7% share by value in 2024, reflecting steady policy funding. Sports and stadium installations are growing at a rate of 5.2% annually as clubs upgrade their broadcast lighting to HDTV specifications. The Europa-Park Stadion in Freiburg illustrates energy-plus designs that pair LED floodlighting with on-site photovoltaics. Rhenac’s turf-growth luminaires demonstrate agronomic benefits, reducing grass stress by 50%.
Tunnel, bridge, and façade lighting adopt correlated-color optimization to enhance safety and tourism. Architectural showcases, such as Bad Hersfeld’s Stiftsruine, demonstrate how dynamic LED scenes can revitalize nighttime economies. As multi-purpose poles combine CCTV, 5G microcells, and environmental sensors, operators monetize non-lighting services that subsidize the upfront cost, reinforcing application diversification across the German outdoor LED lighting market.
By Installation Type: Retrofit Acceleration Signals Market Maturity
New builds represented 54.5% of Germany's outdoor LED lighting market activity in 2024, but growth is tilting toward retrofits at a 7.0% CAGR. Federal equalization transfers help smaller eastern towns finance replacements of sodium lamps reaching the end of their rated life. Berlin's remaining 21,000 gas lanterns reveal the complexity that arises when heritage values intersect with decarbonization targets.
CircularCities.NRW funds electronic reuse to keep PCB materials in local loops. Labor shortages, however, delay sophisticated networked retrofits; 96,580 electrician vacancies persisted in 2024. Service contracts that bundle installation, monitoring, and component swaps emerge, allowing cash-strapped cities to proceed despite workforce gaps.
By Distribution Channel: E-Commerce Disrupts Traditional Procurement
Direct manufacturer engagement held a 64.2% share in 2024, driven by the need for bespoke optics and complex control requirements. E-commerce nevertheless grows at a rate of 5.2% annually as standardized bollards, wall packs, and replacement drivers become commoditized. Signify’s Professional division reorganized to serve digital storefronts while preserving consultative engineering for flagship projects.
Digital product passports will reside natively on vendor portals, easing the download of specifications and compliance checks. Yet, complex V2X-adaptive pole tenders still rely on face-to-face engineering workshops, which dampens e-commerce uptake for high-value systems. Hybrid procurement models that combine online catalogs with configurator tools aim to strike a balance between speed and customization, a trend expected to reshape the German outdoor LED lighting market in the second half of the decade.
Geography Analysis
Germany's four largest metropolitan areas account for an outsized share of Germany's outdoor LED lighting market revenues, thanks to smart-city blueprints funded under national digitization agendas. Berlin's 225,000-fixture estate exemplifies megacity demand, with long-run retrofits planned around heritage conservation and environmental targets. Munich's pathway motion-dimming project demonstrates how affluent southern states can integrate biodiversity goals with cost savings, resulting in repeat procurement phases.
In the Rhine-Ruhr agglomeration, CircularCities.NRW funding accelerates circular economy pilots that include the take-back of PCB assemblies and the recycling of aluminium housings. Baden-Württemberg's autonomous driving test beds demand high-bandwidth street poles, spurring early adoption of V2X lighting nodes.[3]KIT, “Vernetzte Beleuchtung,” kit.edu Eastern states are leveraging EU structural funds to modernize Soviet-era infrastructure; however, contractor shortages are extending project timelines, moderating annual growth despite high latent demand.
Rural tourist corridors prioritize dark-sky preservation, specifying zero-uplight optics and amber spectra to protect bat populations, thereby influencing product portfolios even for urban contracts seeking the same SKU standardization. Federal highway authorities coordinate tender specifications across Länder, promoting economies of scale that lower unit costs for smaller municipalities and intensify price competition within the German outdoor LED lighting market.
Competitive Landscape
Signify, ams OSRAM, and TRILUX lead the domestic leaderboard, collectively accounting for over 45% of the revenue share in 2024, while mid-sized specialists such as Siteco and Hess defend their architectural niches. Signify reorganized into four verticals to sharpen its focus on professional channels and reported EUR 6.1 billion (7.2 billion) in 2024 sales, despite softer European demand. ams OSRAM exited non-core lamp segments for EUR 114 million (USD 133.1 million), steering capital toward micro-LED and automotive adaptive headlights that often share component platforms with outdoor luminaires.[4]ams OSRAM, “Q4 2024 Results,” ams-osram.com
Asian suppliers penetrate the market through ODM contracts and online storefronts, leveraging low costs yet facing IP challenges. Seoul Semiconductor's German court victory against unauthorized Philips-branded imports underscores the legal enforcement risks. Ragni Group's acquisition of Hess Licht + Form demonstrates ongoing European consolidation targeting public lighting portfolios.
Competitive advantage is increasingly linked to lifecycle services and readiness for circularity. Vendors offering take-back and remanufacturing services secure higher scores in eco-design tenders. Lighting-as-a-service (LaaS) propositions mitigate municipal staffing gaps by bundling remote diagnostics, predictive driver swaps, and sustained energy performance guarantees, further differentiating established players in the German outdoor LED lighting market.
Germany Outdoor LED Lighting Industry Leaders
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OSRAM GmbH
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Signify N.V.
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Zumtobel Group AG
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TRILUX GmbH and Co. KG
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Siteco GmbH
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2025: ams OSRAM unveils LEDguardian ROAD FLARE Signal V16 with embedded SIM for Spain’s DGT 3.0 network integration.
- January 2025: Signify reports mixed 2024 results, discloses 2,500 headcount reduction, and highlights U.S. demand resilience.
- December 2024: Seoul Semiconductor wins court order forcing recall of infringing Philips-branded products in Germany.
- November 2024: EU Regulation 2024/1781 enters phase-in, formalizing digital product passport requirement for luminaires by 2026.
Germany Outdoor LED Lighting Market Report Scope
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.| 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 |
| 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 |
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
