South America Indoor LED Lighting Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 2.60 Billion |
| Market Size (2030) | USD 3.47 Billion |
| Growth Rate (2025 - 2030) | 5.93% 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. |
|
South America Indoor LED Lighting Market Analysis by Mordor Intelligence
The South America indoor LED lighting market size reached USD 2.60 billion in 2025 and is projected to hit USD 3.47 billion by 2030, advancing at a 5.93% CAGR. Heightened federal efficiency mandates, rapid declines in component costs, and corporate ESG programs collectively accelerate the second major replacement wave, shifting the competitive focus from price alone to differentiated performance and integrated control capabilities. Wholesale channels still dominate overall sales; however, the expanding e-commerce ecosystem is beginning to reshape the region’s procurement habits, particularly among residential buyers. Supply-chain volatility persists, but component shortages have gradually eased, helping vendors redirect attention toward smart-lighting upgrades and human-centric luminaires. As retrofit activity evolves into planned, portfolio-wide replacement programs, the South America indoor LED lighting market continues to demonstrate predictable, replacement-driven growth rather than purely construction-led expansion.
Key Report Takeaways
- By product type, luminaires captured 59.48% of the South America indoor LED lighting market share in 2024; lamps are set to climb at a 7.56% CAGR through 2030.
- By installation type, retrofit applications accounted for 74.36% of the South America indoor LED lighting market size in 2024, while new builds are expected to advance at a 6.75% CAGR through 2030.
- By application, the residential segment led with 38.62% revenue share in 2024 and is forecast to expand at a 7.98% CAGR through 2030.
- By distribution channel, wholesale outlets held a 52.98% share in 2024, whereas e-commerce represented the fastest-growing segment, rising at a 6.47% CAGR through 2030.
- By country, Brazil secured 34.63% of the South America indoor LED lighting market share in 2024; Colombia is growing the quickest at a 7.26% CAGR through 2030.
South America Indoor LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Federal energy-efficiency mandates accelerate LED retrofits | +1.8% | Brazil, Argentina, Chile, spillover to Colombia | Medium term (2-4 years) |
| Rapid decline in LED component prices and higher lm/W efficacy | +1.5% | Global, strongest in Brazil and Argentina | Short term (≤ 2 years) |
| Corporate ESG targets spur large-portfolio upgrades | +1.2% | Brazil, Chile, urban Colombia | Medium term (2-4 years) |
| Secondary-replacement wave for 2014-16 LEDs | +0.9% | Early adopters-Brazil, Argentina | Short term (≤ 2 years) |
| Human-centric lighting demand in hybrid offices | +0.6% | Metro Brazil, Colombia, Chile | Long term (≥ 4 years) |
| Lighting-as-a-Service financing unlocks cap-ex-averse buyers | +0.4% | Brazil, Argentina, growing in Chile | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Federal Energy-Efficiency Mandates Accelerate LED Retrofits
Government programs such as Brazil’s PROCEL and Argentina’s energy-labeling rules set minimum efficacy levels that effectively ban outdated lamps. By removing legacy options from the market, regulators create a mandated demand baseline, allowing fixture makers to batch production and lower unit costs. Utility-backed incentives sweeten payback periods, especially during economic downturns when companies delay other capital projects. The policy momentum now stretches into Colombia, aligning regional specifications and trimming product fragmentation. As codes tighten further, the South America indoor LED lighting market benefits from an enforced cadence of upgrades that minimizes demand volatility.
Rapid Decline in LED Component Prices and Higher lm/W Efficacy
Component cost deflation continues despite episodic semiconductor pinch points, with efficacy milestones improving fixture outputs and slashing diode counts per luminaire. Cree LED’s 2025 XP-L Photo Red S Line hit 83.5% wall-plug efficiency, enabling up to 35% fewer LEDs per board. Academic advances, including Nagoya University’s work on tilted sapphire substrates, signal another round of droop-resistant performance gains. These breakthroughs reduce bill-of-materials costs while improving light-quality benchmarks, making pre-2018 installations appear outdated and prompting facility managers to consider accelerated replacement.
Corporate ESG Targets Spur Large-Portfolio Lighting Upgrades
Multinational tenants now view interior lighting as a measurable ESG lever, bundling energy savings, carbon reduction, and human-centric wellness metrics into a single initiative. Signify’s Latin American operations achieved carbon neutrality in 2019, largely through logistics and lighting optimizations.[1]Signify, “Signify’s Latin American Operations Achieve Carbon Neutrality,” signify.com Similar blueprints are cascading through regional offices of global brands, turning one-off retrofits into portfolio-wide, multi-country rollouts that compress procurement cycles. Because ESG audits require verifiable energy data, vendors offering integrated controls and cloud monitoring secure preferred-supplier status, cementing long-term service contracts.
Secondary-Replacement Wave as 2014-16 LEDs Reach End-of-Life
First-generation LEDs installed a decade ago have begun to dim or fail, bringing a sizable, pre-scheduled replacement cohort into play. Facility teams can swap entire banks based on date-stamped records, rather than waiting for individual failures, which smooths project workflows. Crucially, second-cycle upgrades often include networked controls, turning what was once a straight lamp swap into a system-level modernization. For manufacturers, the predictable cadence reduces sales-cycle friction and enables more accurate forecasting, thereby reinforcing the stability of the South America indoor LED lighting market.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Up-front cost premium for SMEs despite long payback | -0.8% | Regional with strongest impact in Colombia, Rest of South America | Medium term (2-4 years) |
| Semiconductor supply-chain volatility inflates fixture lead-times | -0.6% | Global with regional distribution impacts | Short term (≤ 2 years) |
| Cyber-security and interoperability concerns slow smart-lighting uptake | -0.4% | Brazil, Argentina urban centers with spillover to Chile | Long term (≥ 4 years) |
| Proliferation of low-quality imports erodes buyer confidence | -0.3% | Regional with strongest impact in smaller markets, Rest of South America | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Up-Front Cost Premium for SMEs Despite Long Payback
Capital-constrained small businesses across South America often postpone LED projects, even when simple payback falls below three years. Bank lending rates remain elevated, and currency fluctuations complicate pro forma savings calculations. Although LaaS offerings relieve some cap-ex pressure, contract complexity discourages smaller shops unfamiliar with performance-based service agreements. Vendors that streamline credit checks and provide bundled warranty assurances are better placed to capture this hesitant yet sizable buyer group.
Semiconductor Supply-Chain Volatility Inflates Fixture Lead-Times
Driver-IC shortages and raw-material price spikes disrupted fixture availability through 2024. While copper and aluminum cost pressures have eased from record highs, periodic shocks still ripple along production lines, forcing buffer inventories and flexible pricing clauses. Smaller regional manufacturers, lacking long-term supply contracts, bear the brunt, occasionally conceding volume to multinationals with priority allocation. The resulting uncertainty erodes margin targets and can delay project start dates.
Segment Analysis
By Product Type: Luminaires Solidify Integrated-Solution Preference
Luminaires accounted for 59.48% of revenue in 2024, reflecting a market that values turnkey solutions over piecemeal lamp replacements. Contractors with limited labor bandwidth favor factory-assembled, warranty-backed fixtures that streamline installation and lower call-back risk. The South America indoor LED lighting market size is attributed to luminaires benefiting from early inclusion of on-board drivers and IoT gateways, positioning these products as default options in both retrofit and new-build specifications. Lamps are not dormant; their 7.56% CAGR through 2030 underscores the demand for cost-effective upgrades in facilities that are unable to alter housing or wiring.
Competition within the luminaire category now hinges on embedded intelligence, rather than basic efficacy. Cooper Lighting Solutions earned 12 spots in the 2024 IES Progress Report for products that pair melanopic output with WaveLinx controls.[2]Cooper Lighting Solutions, “Cooper Lighting Solutions Celebrates 12 Products Selected in the 2024 IES Progress Report,” cooperlighting.com Such convergence of hardware and software lifts average selling prices and expands the revenue pie per installation. Simultaneously, lamp suppliers experiment with compact, high-efficiency retrofits that slot into existing sockets, targeting budget-sensitive customers who are unwilling to finance full fixture changes. This dual-track growth dynamic keeps the South America indoor LED lighting market vibrant across price tiers.
By Application: Residential Demand Sets Regional Pace
The residential segment accounted for 38.62% of 2024 revenue and is pacing the field at a 7.98% CAGR. Elevated household electricity tariffs make energy savings more tangible for consumers, while utilities sweeten the deal with rebate coupons and smart meter discounts. For many urban homeowners, LEDs represent the first significant energy-saving appliance purchase, escalating beyond compact fluorescents. Human-centric designs, once confined to office spaces, have seeped into upscale apartments, where tunable lighting synchronizes with circadian-aware home-automation systems.
In commercial corridors, offices, retail outlets, and hospitality venues adopt LEDs for both maintenance relief and energy savings. However, residential buyers still dictate volume, reinforcing the consumer-oriented flavor of the South America indoor LED lighting market. Healthcare and education sites show steady but smaller contributions, emphasizing glare control and color-rendering fidelity over raw lumen output. Industrial plants, long deterred by high ambient temperatures and dust, increasingly specify IP-rated LED fixtures, pivoting on maintenance-cost reduction rather than purely on kilowatt-hour savings.
By Installation Type: Retrofit Activity Defines Market Cadence
Retrofits accounted for 74.36% of 2024 shipments, indicating that the region is still working through its vast inventory of fluorescent and HID fixtures. Building managers favor phased rollouts that align with annual maintenance budgets, avoiding disruptive, whole-site renovations. Such predictable cycles support steady component orders and lend the South America indoor LED lighting market a replacement-driven stability uncommon in construction-centric industries.
New installations, although representing a smaller base, log a higher 6.75% CAGR as building codes now incorporate LEDs directly into design briefs. Developers of mixed-use complexes in São Paulo and Bogotá specify daylight-harvesting sensors and DALI-compatible drivers from the outset, sidestepping future retrofit headaches. The dual momentum-retrofit dominance and new-build acceleration encompasses a broader revenue diversity, mitigating volatility.
By Distribution Channel: E-Commerce Bends Procurement Norms
Traditional wholesale retained a 52.98% share in 2024, thanks to deep contractor relationships and value-added advisory services. Yet e-commerce, growing at a 6.47% CAGR, enables buyers to compare SKUs, read reviews, and secure next-day delivery without stepping into a physical branch. The shift is most pronounced in the residential and small-contractor segments, where purchasing decisions are often driven by upfront cost transparency. Manufacturers respond with online-exclusive SKUs, bundled smart bulbs, and video-based installation guides.
Direct sales teams focus on enterprise accounts that require audit services, financing packages, and logistics for multi-site deployments. Margin erosion at the distribution level pushes wholesalers to pivot into design assistance and commissioning support, evolving from commodity handlers to solution advisors. In parallel, the South America indoor LED lighting market now values click-to-delivery reliability on par with pricing, a stark pivot from the region’s historically relationship-driven sales ethos.
Geography Analysis
Brazil’s large industrial base and early regulatory push cement its 34.63% leadership position, producing economies of scale that ripple through regional price points. Utility subsidies in secondary cities stimulate residential uptake, while multinational factories schedule coordinated secondary replacements that deliver fixture volumes in predictable tranches. São Paulo’s real-estate developers are increasingly framing smart-ready lighting as a table-stakes amenity rather than a premium add-on, narrowing the cost-per-lumen gap versus legacy technology.
Colombia’s fast-growing trajectory rests on the synchronized adoption of policies and private-sector real estate investment. Government procurement showcases high-efficacy luminaires in landmark civic buildings, creating demonstration effects that cascade into corporate offices and retail chains. Combined with efficient cross-border logistics via Pacific ports, suppliers can stage inventory closer to demand, trimming lead times and elevating service levels.
Argentina and Chile both display mature replacement-cycle behavior, where earlier boom phases have transitioned into steady, specification-driven workflows. In Chile, performance benchmarks from public tenders are incorporated into private specification sheets, ensuring uniformity in testing protocols and warranty expectations. Smaller economies scattered across the continent reveal patchy adoption; nonetheless, once financing partners extend LaaS and rebate programs, those markets are poised to follow the broader South America indoor LED lighting market trajectory.
Competitive Landscape
Global heavyweights vie with nimble regional challengers, forging a moderately concentrated yet highly dynamic arena. Companies such as Signify, Cree LED, and Cooper Lighting Solutions wield extensive portfolios that pair high-efficacy chips with cloud-native controls, appealing to enterprise customers seeking end-to-end accountability. Mid-tier manufacturers combat margin compression by specializing in value-priced residential bulbs or niche applications, such as food-processing luminaires.
Innovation cadence has replaced raw pricing as the primary differentiator. Cooper Lighting Solutions’ 2024 IES accolades underscore the premium placed on integrated melanopic output and seamless controls. Parallelly, horticulture lighting entrants like RED Horticulture carve out premium sub-segments by supplying spectrum-tunable fixtures with AI-driven monitoring. Direct-to-consumer upstarts leverage online marketplaces, stripped-down SKUs, and influencer marketing, nibbling at the low-complexity end of the South America indoor LED lighting market.
Strategic capital inflows signal further consolidation. The 2025 formation of Coleto Brands, resulting from the merger of Progress Lighting and Kichler, creates a multi-channel powerhouse capable of amortizing R&D across broader price ladders.[3]Coleto Brands, “Coleto Brands Announced as New Parent Company for Kichler and Progress Lighting,” kichler.com Private-equity interest suggests opportunities for synergies in procurement, channel overlap, and product line harmonization. Nonetheless, diverse end-user needs and sprawling geography temper monopolistic risks, leaving room for differentiated regional suppliers.
South America Indoor LED Lighting Industry Leaders
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Signify N.V.
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ams-OSRAM AG
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Acuity Brands, Inc.
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Eaton Corporation plc
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Hubbell Incorporated
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- April 2025: RED Horticulture introduced ScarLED™ with 4.1 µmol/J efficacy and AI-driven spectrum management for professional cannabis cultivation.
- February 2025: Cree LED launched XLamp XP-L Photo Red S Line LEDs, hitting 83.5% wall-plug efficiency and enabling 35% diode count reduction in horticulture fixtures.
- January 2025: Coleto Brands adopted as the umbrella identity for the merged Progress Lighting and Kichler Lighting units following Kingswood Capital's investment.
- January 2025: Feit Electric and LIFX debuted four multi-zone smart-lighting products at CES 2025, led by a 120-zone ceiling panel sold exclusively through The Home Depot.
South America Indoor LED Lighting Market Report Scope
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting.| Lamps |
| Luminaires/ Fixtures |
| Residential |
| Commercial Offices |
| Retail Stores |
| Hospitality |
| Industrial Facilities |
| Healthcare and Education |
| Other Applications |
| New Installation |
| Retrofit Installation |
| Direct Sales |
| Wholesale Retail |
| E-commerce |
| Brazil |
| Argentina |
| Colombia |
| Chile |
| Rest of South America |
| By Product Type | Lamps |
| Luminaires/ Fixtures | |
| By Application | Residential |
| Commercial Offices | |
| Retail Stores | |
| Hospitality | |
| Industrial Facilities | |
| Healthcare and Education | |
| Other Applications | |
| By Installation Type | New Installation |
| Retrofit Installation | |
| By Distribution Channel | Direct Sales |
| Wholesale Retail | |
| E-commerce | |
| By Country | Brazil |
| Argentina | |
| Colombia | |
| Chile | |
| Rest of South America |
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
