North America 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 25.21 Billion |
| Market Size (2030) | USD 32.66 Billion |
| Growth Rate (2025 - 2030) | 6.25% 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. |
|
North America LED Lighting Market Analysis by Mordor Intelligence
The North America LED lighting market size reached USD 25.21 billion in 2025 and is projected to climb to USD 32.66 billion by 2030, delivering a 6.25% CAGR throughout the forecast period. Robust mandatory efficiency rules, falling semiconductor costs, and the adoption of smart buildings keep demand elevated as the region accelerates its shift away from legacy lamps. Corporations view connected fixtures as a route to reduced Scope 3 emissions, while municipalities replace streetlights to cut operating expenses and enable remote monitoring. Ecosystem consolidation continues as manufacturers integrate controls, sensors, and software to defend their margins, and cross-border production in Mexico strengthens supply chain resilience. Although retrofit activity dominates volumes, new-build specifications now embed intelligent luminaires from the design stage, signaling that the North America LED lighting market has entered a technology-platform phase of expansion.
Key Report Takeaways
- By product type, luminaires held 62.7% of the North America LED lighting market share in 2024, while lamps are expected to advance at a 7.9% CAGR through 2030.
- By distribution channel, wholesale and retail commanded 54.7% of the North America LED lighting market size in 2024, whereas e-commerce is expected to expand at a 6.3% CAGR through 2030.
- By installation type, retrofit projects captured 78.3% of the North America LED lighting market share in 2024; however, new installations show the fastest momentum, growing at a 6.8% CAGR through 2030.
- By application, residential lighting accounted for 20.0% of the North America LED lighting market size in 2024, while highway and roadway projects are forecast to grow at an 8.7% CAGR between 2025 and 2030.
- By end user, indoor settings represented 63.3% market share in 2024, whereas outdoor deployments exhibit the fastest 8.4% CAGR through 2030.
- By country, the United States led the North America LED lighting market with a 76.3% share in 2024, while Mexico is projected to achieve a 7.3% CAGR through 2030.
North America LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Stringent energy-efficiency regulations and bulb phase-outs | +1.8% | United States and Canada, spillover to Mexico | Medium term (2-4 years) |
| Falling LED component costs and higher efficacy | +1.2% | Region-wide, manufacturing gains in Mexico | Long term (≥4 years) |
| Government rebate and incentive programs for retrofits | +0.9% | United States and Canada utility territories | Short term (≤2 years) |
| Expansion of smart building and IoT-enabled lighting | +1.4% | Urban United States and Canada | Medium term (2-4 years) |
| Rising horticulture LED demand for urban vertical farms | +0.6% | Major U.S. and Canadian metros | Long term (≥4 years) |
| Corporate ESG targets driving Scope-3 lighting retrofits | +0.8% | Multinational presence across the region | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Stringent Energy-Efficiency Regulations and Bulb Phase-Outs
Federal and provincial mandates continue to remove incandescent and halogen products from sales channels, creating a regulatory floor that automatically steers purchasers toward LEDs. The 2024 U.S. Department of Energy efficacy rule and Canada’s Amendment 18 have tightened allowable wattages, while many municipalities now oblige LED streetlight conversion in new projects. Building owners face penalties for non-compliance, which accelerates retrofit timelines in schools and government properties. Distributors respond by pruning non-LED inventory, improving supply availability, and increasing price competition. Manufacturers, meanwhile, invest confidently in domestic capacity because policy certainty reduces demand volatility.
Expansion of Smart-Building and IoT-Enabled Lighting
Connected fixtures are shifting from optional upgrades to baseline specifications in Class A offices and institutional buildings, where energy dashboards and space utilization analytics boost return on investment.[1]Signify, “Connected Light Points Update 2025,” signify.com Wireless mesh networks reduce commissioning time, and edge computing enables predictive maintenance, which in turn cuts labor costs. Corporate real estate teams favor adaptive lighting scenes that support flexible workplace layouts, driving demand for networked luminaires. Larger projects are increasingly bundling HVAC and lighting controls on unified platforms, opening up service revenue streams for lighting vendors. This dynamic lifts unit values and moderates price erosion pressures across the North America LED lighting market.
Rising Horticulture LED Demand for Urban Vertical Farms
Controlled-environment agriculture requires precision spectra and low radiative heat, advantages that LEDs provide over high-pressure sodium lamps. Metropolitan vertical farms utilize full-spectrum arrays to secure year-round yields, and utility rebates for grow facilities further sweeten the payback period. Manufacturers now offer tunable fixtures with specialized wavelengths for leafy greens and vine crops, underpinning higher margins than general illumination products. As food security concerns gain prominence, investors are channeling funds into indoor farms, creating a growing niche within the broader North America LED lighting market.
Corporate ESG Targets Driving Scope-3 Lighting Retrofits
Net-zero roadmaps push multinational tenants and owners to tackle indirect emissions embedded in leased spaces. Acuity Brands estimates that its deployed systems avoided 34 million metric tons of greenhouse gases from fiscal 2020 to 2024. The broader adoption of connected luminaires enables companies to track energy performance and automate their sustainability reporting. Longer product lifetimes and circular economy design principles reduce landfill waste, aligning lighting upgrades with corporate social responsibility narratives. As green lease clauses proliferate, landlords are adopting LED retrofits to differentiate their properties and secure premium occupancy rates.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High upfront cost of connected lighting systems | -0.8% | Cost-sensitive U.S. and Canadian segments | Short term (≤2 years) |
| Semiconductor supply-chain volatility | -0.6% | Region-wide sourcing risk | Medium term (2-4 years) |
| Local ordinances on blue-light ecological impact | -0.3% | Environmentally sensitive areas | Long term (≥4 years) |
| Price erosion in saturated commercial segments | -0.5% | Mature U.S. markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
High Upfront Cost of Connected Lighting Systems
Intelligent luminaires can cost 40-60% more than basic LED fixtures, and many small enterprises lack access to performance contracting or on-bill financing. Decision makers often prioritize visible capex savings over lifetime operating benefits, lengthening sales cycles. Limited technical expertise in smaller facilities amplifies hesitation, and fragmented rebate structures create regional disparities. Until financing models and plug-and-play offerings simplify adoption, the North America LED lighting market will see delayed penetration in cost-constrained segments.
Semiconductor Supply-Chain Volatility
Persistent chip shortages have lengthened lead times for LED drivers and control ICs to 12-16 weeks during peaks.[2]Inside Lighting, “Signify Navigates Chip Volatility,” insidelighting.com Tariff shifts and geopolitical tensions add price uncertainty, forcing manufacturers to carry elevated inventories that squeeze margins. Project bids fixed months in advance become risky when component costs fluctuate, prompting cautious quotation practices. While near-shoring to Mexico mitigates some exposure, supply-chain fragility still tempers growth prospects for large-scale rollouts.
Segment Analysis
By Product Type: Luminaires Propel Value Creation
Luminaires generated 62.7% of the North America LED lighting market revenue in 2024 by bundling optical, driver, and control elements in one SKU. The configuration appeals to commercial specifiers who want turnkey solutions and minimizes field-wiring complexity. Integrated sensors for occupancy and daylight harvesting further raise average selling prices and tie fixtures into building management systems. Lamps remain vital for quick retrofits, and their 7.9% CAGR through 2030 demonstrates the sizable installed base of screw-in sockets across households and small businesses. Component price declines and utility incentives have shortened lamp paybacks below two years, stimulating repeat purchases as conventional bulbs fail.
Growing smart-building adoption magnifies demand for connected luminaires that collect spatial data, support asset tracking, and deliver dynamic scenes. Manufacturers differentiate through modular driver bays and software upgradability, protecting margins even as commodity lamp prices trend lower. While luminaires anchor most specification-grade projects, lamp innovations, such as Bluetooth-enabled bulbs, keep the residential channel active, ensuring a balanced volume across both product categories within the North America LED lighting market.
By Distribution Channel: Wholesale Retains Primacy
Wholesale outlets controlled 54.7% of 2024 sales because electrical contractors rely on job-site logistics, credit terms, and technical guidance that distributors supply. Complex commercial tenders often require photometric layouts, emergency lighting calculations, and coordinated deliveries —services that wholesalers are well-equipped to perform. Conversely, e-commerce earns loyalty from do-it-yourself consumers and small offices because price transparency and one-click ordering outweigh advisory needs. The channel’s 6.3% CAGR through 2030 underscores shifting buyer behavior as comfort with online procurement grows.
Manufacturers now operate hybrid models, where product selection occurs on configurator portals and fulfillment routes are managed through local distribution to maintain contractor relationships. Direct sales teams focus on enterprise accounts requiring custom firmware or bundled software subscriptions. Despite digital advances, wholesale networks will remain the backbone of the North America LED lighting market because complex projects still value in-person expertise and same-day inventory access.
By Installation Type: Retrofit Dominates but New-Build Momentum Rises
Retrofits accounted for 78.3% of 2024 volumes, as existing buildings offer immediate energy-saving opportunities without requiring structural modifications. Utility rebates, tax deductions, and quick, disruption-free installation reinforce appeal. The revised 2026 National Electrical Code, which lowers residential load calculations from 3 VA to 2 VA per square foot, further eases retrofit feasibility by reducing the need for panel upgrades. New construction, however, records a 6.8% CAGR as developers embed LEDs with integrated controls that future-proof assets for smart-building certifications.
Design-phase deployment allows daylighting analyses and sensor placement to be optimized, enhancing occupant comfort and earning LEED points. Higher capital budgets in new builds support premium fixture selections such as acoustic panels with embedded downlights. Over time, as fresh real estate inventory expands, the new installation slice of the North America LED lighting market size will gradually rise, though retrofit will remain dominant throughout the decade due to the enormous backlog of legacy luminaires.
By Application: Residential Leads while Roadway Upgrades Accelerate
Household lighting accounted for a 20.0% revenue share in 2024, reflecting the vast number of sockets in homes and the continued migration from compact fluorescent lamps to LEDs. Utility instant-rebate programs and inflated electricity tariffs continue to drive strong replacement momentum. On the municipal side, highway and roadway projects post the fastest 8.7% CAGR as cities adopt adaptive streetlights that dim during low traffic, resulting in energy bill reductions of up to 70%. Smart poles equipped with cameras and environmental sensors turn lighting infrastructure into data backbones for smart-city initiatives.
Commercial offices, retail, and hospitality sectors sustain steady demand for tunable-white fixtures that support circadian lighting strategies and brand differentiation. Industrial plants favor rugged, high-bay luminaires with reported maintenance intervals exceeding 100,000 hours, while architectural façades utilize RGB-pixel control for dynamic building identities. Each use case reinforces diversified growth vectors inside the North America LED lighting market.
By End User: Indoor Spaces Remain Core Opportunity
Indoor environments accounted for 63.3% of spending in 2024, as offices, schools, and homes experienced the most pronounced gains in power savings and visual comfort. Integration with access-control and HVAC systems provides an additional layer of efficiency. Outdoor installations, experiencing an 8.4% CAGR, benefit from instant-on performance in cold climates and escalating public-safety demands. Adaptive floodlights and area luminaires with embedded cameras enhance perimeter security for logistics hubs and campuses, providing a comprehensive solution for perimeter protection.
Automotive OEMs are expanding possibilities with matrix LED and microLED headlamps, which enable glare-free high beams, thereby enriching vehicle safety. Although niche in revenue terms, automotive innovations drive technological leadership across the North America LED lighting industry and eventually influence architectural lighting features.
Geography Analysis
The United States dominates the North America LED lighting market with a 76.3% slice in 2024, owing to aggressive federal efficiency rules, robust utility incentive budgets, and sizable inventories of commercial and institutional buildings awaiting retrofits. Large military bases and federal facilities continue to install networked fixtures that meet executive orders on decarbonization, reinforcing baseline demand. Municipalities are replacing high-pressure sodium streetlights with networked LEDs that integrate traffic management sensors, thereby transforming lighting grids into smart-city platforms. Revised load calculations in the 2026 National Electrical Code cut project costs for dwellings, further stimulating residential upgrades.[3]NFPA, “2026 NEC Changes,” nfpa.org
Canada offers a stable yet growing environment, driven by provincial codes that mandate high-efficiency lighting in new buildings and strong rebate programs for commercial retrofits. Amendment 18 establishes a cohesive regulatory framework that mitigates market risk. Harsh winters highlight the performance advantages of LED systems over fluorescent systems in cold temperatures. Canadian utilities are aggressively promoting demand response, utilizing connected luminaires to throttle loads during peak periods, an attribute that enhances the value proposition of smart fixtures.
Mexico stands out as the fastest-growing territory, with a projected 7.3% CAGR to 2030, driven by industrial expansion and the localization of lighting manufacturing. The government agency CONUEE collaborates with utilities to finance public-sector LED conversions, while foreign investors construct modern plants that incorporate advanced luminaires from the outset. Proximity to U.S. buyers enables Mexican factories to offer shorter delivery times and tariff-free access under the USMCA framework, cementing the nation’s role within the regional supply chain. Growing middle-class housing developments and federal energy-efficiency campaigns further widen domestic uptake, fortifying Mexico’s position in the North America LED lighting market.
Competitive Landscape
The North America LED lighting market exhibits moderate consolidation as leading firms pursue vertical integration to offer complete intelligent-space platforms rather than isolated fixtures. Acuity Brands, the largest regional player, expanded its scope in January 2025 by acquiring QSC for USD 1.1 billion, gaining access to audio-visual and control technologies that complement its lighting portfolio.[4]Acuity Brands, “QSC Acquisition Press Release,” acuitybrands.com This shift aligns with broader trends wherein lighting suppliers package software, sensors, and building-management interfaces to secure recurring service revenues.
Signify leverages its patent estate to defend connected-lighting margins, exemplified by its April 2025 litigation against Nanoleaf over smart-fixture IP. Licensing programs generate royalty streams and deter commoditization in color-changing, modular systems. Meanwhile, manufacturers focus on Mexican production to mitigate chip volatility and import tariffs; Signify relocated Bodine emergency-lighting assembly from Tennessee to Tijuana in 2024, underscoring the strategic value of near-shoring.
White-space segments such as horticulture lighting and automotive adaptive beams spur specialized R&D. Marelli’s award-winning digital OLED taillight illustrates how suppliers exploit microLED and OLED advances to secure premium automotive contracts. Collectively, these moves demonstrate that success now hinges on software integration, supply chain elasticity, and application-specific innovation, rather than raw fixture volume or price competition.
North America LED Lighting Industry Leaders
-
Acuity Brands Lighting, Inc.
-
Signify N.V.
-
Cree Lighting (IDEAL INDUSTRIES, INC.)
-
OSRAM GmbH
-
Nichia Corporation
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- July 2025: Acuity Brands announced its third 2025 price increase for luminaires and electronics, citing new global tariffs and market volatility.
- June 2025: Wolfspeed filed Chapter 11 bankruptcy under a prepackaged plan to shed USD 4.6 billion in debt and cut interest payments by 60%, while continuing normal operations.
- April 2025: Signify sued Nanoleaf in New York federal court for alleged infringement of six smart-lighting patents covering color-mixing arrays and modular fixtures.
- March 2025: LSI Industries acquired Canada’s Best Holdings for USD 31 million, adding USD 24.2 million in annual sales and three Canadian plants to expand its display business.
North America 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. United States are covered as segments by Country.| 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 |
| United States |
| Canada |
| Mexico |
| 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 | |
| By Country | United States |
| Canada | |
| Mexico |
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
