Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Market Size (2025) | USD 22.97 Billion |
| Market Size (2030) | USD 33.36 Billion |
| Growth Rate (2025 - 2030) | 7.75% CAGR |
| Fastest Growing Market | Middle East |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Outdoor LED Lighting Market Analysis by Mordor Intelligence
Current estimates place the outdoor LED lighting market size at USD 22.97 billion in 2025, with the value forecast to reach USD 33.36 billion by 2030, translating into a 7.75% CAGR across the period. Rapid urbanization, government‐backed energy-efficiency mandates, and falling diode costs have converged to make light-emitting diodes the default technology for new municipal and commercial projects. Asia-Pacific retains a dominant revenue position, yet record infrastructure outlays across the Gulf Cooperation Council are shifting the center of gravity toward the Middle East. Technology convergence, most visibly the coupling of connected luminaires with city-wide IoT platforms, has further widened the solution gap between premium brands and low-cost assemblers. A steady stream of vertical acquisitions underlines the moderate but rising competitive intensity, while emerging pay-per-use financing lowers adoption barriers for cash-constrained municipalities.[1]U.S. Department of Energy, “Financing Options,” ENERGY.GOV
Key Report Takeaways
By product type, luminaires led with 68.5% of the outdoor LED lighting market share in 2024; lamps are projected to advance at a 6.6% CAGR through 2030.
By application, street and roadway lighting accounted for 42.3% of the outdoor LED lighting market size in 2024, and sports-venue projects are set to expand at a 5.4% CAGR to 2030.
By installation type, new-build projects captured 54.4% of 2024 revenue, while retrofits recorded the fastest growth trajectory at 5.8% CAGR.
By distribution channel, direct sales held a 63.2% share of the outdoor LED lighting market size in 2024; e-commerce is growing at a 7.0% CAGR to 2030.
By geography, Asia-Pacific commanded 45.9% market share in 2024, whereas the Middle East is forecast to post an 8.9% CAGR through 2030.
Global Outdoor LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rapid urban smart-city projects (mainstream) | +2.10% | Global, with early gains in APAC, Middle East, North America | Medium term (2-4 years) |
| Falling LED component prices and higher lumen/W ratios (mainstream) | +1.80% | Global | Short term (≤ 2 years) |
| Government phasing-out of HID street-lamps (mainstream) | +1.50% | North America and EU, spill-over to APAC | Medium term (2-4 years) |
| Demand for adaptive lighting and IoT-ready luminaires (mainstream) | +1.20% | APAC core, North America, selective EU markets | Long term (≥ 4 years) |
| Insurance rebates for safer sports-venue lighting (under-the-radar) | +0.70% | North America, selective EU markets | Short term (≤ 2 years) |
| Micro power-purchase agreements for municipal retrofits (under-the-radar) | +0.40% | North America, emerging in APAC | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Understand The Key Trends Shaping This Market
Download PDF
Urban Smart-City Programs Accelerate Modernization
Global smart-city spending continues to prioritize networked public lighting as foundational infrastructure. Dubai completed a 900-luminaire LED conversion along Sheikh Rashid Road that cut electricity use by 60% and extended average service life by 173%. Similar data-driven deployments in Philadelphia show 50% energy savings and measurable reductions in traffic incidents after adaptive dimming controls were activated. Municipal buyers are increasingly viewing connected poles as sensor hubs that generate high-value data on mobility and air quality, creating incremental revenue and providing valuable planning insights.
Component Price Deflation Expands Addressable Base
Average packaged-LED prices fell another 8% in 2024, while efficacy in mainstream outdoor fixtures climbed to 150–175 lumens per watt. The cost curve now supports economically viable deployments in remote transit hubs, temporary construction sites, and low-income municipalities that were previously locked out due to capital constraints. Manufacturers pass along savings through performance-locked service contracts that guarantee lumen output levels, transferring technical risk away from cities and property owners.
Regulations Cement the Shift Away from HID
The U.S. Department of Energy’s Municipal Solid-State Street Lighting Consortium standardizes procurement, streamlining bid cycles for smaller towns. California’s ban on linear fluorescent tubes, effective January 2025, is expected to accelerate replacement demand in the country’s largest state. Parallel mercury-content restrictions across the EU are forcing structured replacement schedules that align neatly with budget planning. The resulting compliance calendar provides OEMs with a predictable sales funnel and motivates utilities to enhance their rebate programs.
IoT-Ready Fixtures Unlock Long-Term Value
Luminaires embedded with LoRaWAN or cellular radios deliver real-time fault detection, traffic analytics, and audio broadcast capabilities. Dubai’s Milesight platform achieved a 25% reduction in electricity consumption after implementing occupancy-sensing streetlights equipped with daylight harvesting algorithms. Although average upfront costs rise by 12–15%, municipalities capture payback in under four years through lower truck rolls and extended asset life. The premium segment is expected to outpace commoditized fixtures by two full percentage points of CAGR through 2030.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Supply-chain volatility in gallium and indium (mainstream) | -1.40% | Global, with acute impact on APAC manufacturing | Short term (≤ 2 years) |
| High upfront cost for smart-control retrofits in emerging cities (mainstream) | -1.10% | APAC emerging markets, selective MEA | Medium term (2-4 years) |
| Municipal budget re-prioritisation toward e-mobility infrastructure (under-the-radar) | -0.80% | North America and EU, emerging in APAC | Long term (≥ 4 years) |
| Glare and light-pollution regulations limiting luminous flux (under-the-radar) | -0.50% | North America, EU, selective APAC coastal areas | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Raw-Material Disruptions Create Cost Spikes
China controls close to 80% of global gallium output, and its 2024 export licensing regime has caused spot prices to surge and lead times to lengthen. High-efficacy chips used in tunnel and broadcast-grade sports lighting are most exposed, forcing some OEMs to redesign packages around alternative phosphors. While multinationals carry buffer inventory, second-tier suppliers face margin pressure and sporadic order backlogs.
Capital Constraints Stall Smart-Control Rollouts
Simple lamp swaps offer two-year paybacks, but full smart-pole retrofits still demand sizable capital, especially where trenching or dedicated wireless backhaul is required. Many tier-2 cities in Southeast Asia lack access to energy-performance contracts or green bonds, which slows deployment compared to their wealthier neighbors. India’s Energy Efficient Services Limited super-ESCO model illustrates a workable fix: pooled procurement lowers transaction costs and enables standardized service agreements.
Segment Analysis
By Product Type: Lamps Gain Ground While Luminaires Remain Core
Luminaires captured 68.5% of the 2024 revenue in the outdoor LED lighting market, buoyed by greenfield projects and smart-city mandates that require fully integrated housings with controls. Flagship sports venues, such as Utah’s Maverik Center, installed 76 broadcast-grade LED floodlights that cut annual electricity costs by 72% while meeting NHL illumination standards.[2]Schréder, “Sports LED Lighting Cuts Costs by 72% for Maverik Center,” US.SCHREDER.COM The segment will continue to anchor value, although its growth will moderate as price competition intensifies.
The lamp category, often overlooked during the early LED wave, is regaining momentum with a projected 6.6% CAGR to 2030. Straight-swap “plug and play” lamps appeal to budget-sensitive municipalities that can reuse existing housings. California’s fluorescent ban is set to create an immediate spike in orders, accelerating compliance across school districts and small businesses. Secondary gains arise from homeowners adopting outdoor PAR-style retrofits, a trend amplified by big-box DIY retailers.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By Application: Streets Dominate; Stadiums Sprint Ahead
Street and roadway installations accounted for 42.3% of total revenue in 2024, underpinned by the large installed base of legacy sodium lamps. Dubai’s city-wide retrofit demonstrates the scale economies now achievable when procurement teams bundle fixture supply with multiyear service contracts. Beyond savings, cities value enhanced uniformity, lower glare, and the ability to dim fixtures for wildlife migration seasons.
Sports and stadium lighting, while representing a smaller slice, will clock the swiftest expansion at a 5.4% CAGR. Broadcasters demand higher lux levels and stroboscopic control for ultra-slow-motion replays, requirements that halide systems cannot meet. Insurance firms in North America now offer premium discounts to venues with LED-based glare control and emergency-mode redundancy, providing facility operators with an additional financial incentive. The outdoor LED lighting market size for stadiums is projected to exceed USD 1.4 billion by 2030, driven by tournament-driven renovation cycles.
By Installation Type: New-Builds Hold Share; Retrofits Accelerate
New construction accounted for 54.4% of 2024 billings as monumental projects such as Saudi Arabia’s NEOM and Kuwait’s Silk City issued bundled infrastructure packages that favour single-vendor supply chains. Developers specify premium fixtures with corrosion-resistant alloys and built-in connectivity, locking in higher average selling prices.
Retrofits, however, are expected to outpace new builds at a 5.8% CAGR. Roughly 80% of buildings expected to stand in 2050 already exist, making deep-retrofit programs a primary lever for decarbonization. New York City’s Local Law 97 carbon caps are spurring landlords to replace exterior wall packs and parking-lot poles ahead of compliance audits in 2026.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By Distribution Channel: Direct Remains King; Online Scales Fast
Direct OEM and project-spec sales delivered 63.2% of 2024 turnover, reflecting the consultative nature of most municipal and industrial bids. Complexities optical design, pole spacing, and third-party certification favour long-cycle engagements with manufacturers able to bundle photometric studies and post-installation monitoring. Qatar’s Lusail Plaza, for instance, deployed 1,040 custom RGBW fixtures sourced through a single vendor framework.
E-commerce posts the highest velocity at 7.0% CAGR as standardized bollards, floodlights, and wall packs migrate to digital shelves. Marketplace giants now offer augmented-reality configurators, which reduce returns and streamline part-number selection. The outdoor LED lighting market share for online channels remains small, but its growth highlights a shift in procurement behavior among small contractors and homeowners.
Geography Analysis
Outdoor LED Lighting Market in Asia-Pacific
Asia-Pacific controlled 45.9% revenue in 2024, supported by vertically integrated Chinese supply chains and India’s pooled procurement programs. The government stimulus aimed at green infrastructure, combined with abundant manufacturing capacity, helps keep the total cost of ownership low. Yet, the region’s dominance is slowly eroding under the weight of raw material constraints and escalating maritime freight charges.
The Middle East exhibits the most dynamic runway, projected at an 8.9% CAGR. Ambitions embedded in Saudi Vision 2030 and the UAE’s Net-Zero 2050 roadmap translate into large-scale outdoor lighting budgets for airports, promenades, and heritage sites. Martin Professional’s 3,200-fixture lighting of Saudi Arabia’s At-Turaif UNESCO site highlights the region’s appetite for premium, culturally sensitive designs.[3]Mastt, “Top Middle East Mega Projects,” MASTT.COM
Get Analysis on Important Geographic Markets
Download PDF
Competitive Landscape
Top Companies in Outdoor LED Lighting Market
The Asia-Pacific’s leading position rests on its manufacturing depth and coordinated policy drives, spearheaded by China’s 14th Five-Year Plan and India’s Smart Cities Mission. Multilateral funding programs encourage small-city participation, while domestic diode production cushions exchange-rate risk. Nevertheless, Beijing’s export oversight of gallium and germanium has introduced an element of supply insecurity, prompting Japanese and Korean firms to diversify sourcing strategies. Intensifying environmental regulations, such as Thailand’s dark-sky ordinances for beachfront tourism zones, also nudge the specification landscape toward low-glare optics and adaptive dimming.
In the Middle East, sovereign-fund capital underwrites megaprojects that rival the scale of entire European countries. The NEOM logistics hub alone requires tens of thousands of smart poles, engineered to withstand the abrasion of desert sand and daytime temperatures of up to 55 °C. Regional planners demand integrated solar canopies and battery buffering, transforming streetlights into microgrids. Cooling-load reductions in adjacent buildings represent an uncounted co-benefit that further validates the selection of premium fixtures.[4]Inside Lighting, “Acuity Brands Finalizes $1.2 Billion QSC Deal,” INSIDE.LIGHTING
North America and Europe remain retrofit strongholds. New York’s Local Law 97 sets a precedent many U.S. cities are expected to follow, expanding demand for high-efficacy wall packs and parking-lot luminaires. In the EU, the Ecodesign and RoHS directives collectively mandate the elimination of mercury-bearing lamps, dovetailing with member-state climate targets. Dark-sky legislation in France and parts of Germany pushes luminaire makers to refine beam control, catalysing R&D into shielded optics. Financing innovations such as micro power-purchase agreements continue to erode capital hurdles for smaller municipalities.
Outdoor LED Lighting Industry Leaders
-
ACUITY BRANDS, INC.
-
EGLO Leuchten GmbH
-
LEDVANCE GmbH (MLS Co Ltd)
-
Panasonic Holdings Corporation
-
Signify Holding (Philips)
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Recent Industry Developments
- January 2025: Acuity Brands completed its USD 1.215 billion purchase of QSC, adding cloud-managed AV and control platforms to its lighting portfolio.
- January 2025: Feit Electric and LIFX introduced four smart outdoor fixtures at CES 2025, with exclusive U.S. retail distribution through The Home Depot.
- October 2024: Samsung announced plans to wind down its LED operations by 2030, focusing on higher-value semiconductors instead.
- September 2024: Kingswood Capital closed a USD 125 million deal for Kichler Lighting, merging it with Progress Lighting to target North American residential markets.
Global Outdoor LED Lighting Market Report Scope
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
By Product Type
| Lamps |
| Luminaires / Fixtures |
By Application
| Street and Roadway Lighting |
| Architectural and Landscape |
| Sports and Stadium |
| Tunnel and Bridge |
| Parking and Transit Areas |
| Other Applications |
By Installation Type
| New Installation |
| Retrofit Installation |
By Distribution Channel
| Direct Sales |
| Wholesale |
| Retail |
| E-commerce |
By Geography
| North America | United States | |
| Canada | ||
| Mexico | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| APAC | China | |
| Japan | ||
| India | ||
| South Korea | ||
| Australia | ||
| Rest of APAC | ||
| Middle East and Africa | Middle East | Saudi Arabia |
| United Arab Emirates | ||
| Turkey | ||
| Rest of Middle East | ||
| Africa | South Africa | |
| Nigeria | ||
| Rest of Africa | ||
| By Product Type | Lamps | ||
| Luminaires / Fixtures | |||
| By Application | Street and Roadway Lighting | ||
| Architectural and Landscape | |||
| Sports and Stadium | |||
| Tunnel and Bridge | |||
| Parking and Transit Areas | |||
| Other Applications | |||
| By Installation Type | New Installation | ||
| Retrofit Installation | |||
| By Distribution Channel | Direct Sales | ||
| Wholesale | |||
| Retail | |||
| E-commerce | |||
| By Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Russia | |||
| Rest of Europe | |||
| APAC | China | ||
| Japan | |||
| India | |||
| South Korea | |||
| Australia | |||
| Rest of APAC | |||
| Middle East and Africa | Middle East | Saudi Arabia | |
| United Arab Emirates | |||
| Turkey | |||
| Rest of Middle East | |||
| Africa | South Africa | ||
| Nigeria | |||
| Rest of Africa | |||
Need A Different Region or Segment?
Customize Now
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. |
Need More Details on Market Definition?
Ask a Question
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
Get More Details On Research Methodology
Download PDF
