Asia Pacific Indoor LED Lighting Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 11.54 Billion |
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Market Size (2030) | USD 16.58 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 6.23 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Indoor LED Lighting Market Analysis
The Asia Pacific Indoor LED Lighting Market size is estimated at 11.54 billion USD in 2024, and is expected to reach 16.58 billion USD by 2030, growing at a CAGR of 6.23% during the forecast period (2024-2030).
11.54 Billion
Market Size in 2024 (USD)
16.58 Billion
Market Size in 2030 (USD)
2.21 %
CAGR (2017-2023)
6.23 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
66.92 %
value share, Industrial and Warehouse, 2023
The Asia-Pacific manufacturing sector has shown considerable growth since the fourth quarter of 2020 and a positive growth in industrial production by the second quarter of 2020.
Largest Segment by Commercial
42.78 %
value share, Office, 2023
Asia-Pacific continues to be the only region to record consecutive quarters of positive net absorption throughout the pandemic. About 153 million sq. ft of office space has been occupied across the region’s top 25 markets.
Largest by Country
33.72 %
value share, China, 2023
In 2022, China had a total population of 1,411.75 million. The country sustained its industrial production in 2021 and produced a total of USD 4,865.8 billion in value, an increase of 26.04% compared to 2020.
Fastest-growing Segment by Country
9.58 %
Projected CAGR, China, 2024-2030
China is a net exporter and one of the cheapest manufacturing hubs in the world. Its total exports hit an all-time high in 2022, accounting for USD 6.3 trillion, up by 7.7% from 2021.
Leading Market Player
8.53 %
market share, Panasonic Holdings Corporation, 2022
Panasonic holds the highest market share in Asia-Pacific. The company has eco-friendly LED lights that are valued for achieving energy savings of 50% or more compared to older fluorescent lighting.
Increasing development in the industrial sector and residential sector drives the market growth
- In terms of value share, in 2023, industrial and warehouse accounts for most of the share. China is the second-largest economy in the world as of 2022. Warehouse space in China cost an average of CNY 44.3 (USD 6.15) per square meter per month during pre-COVID-19. In China, there has been a steady rise in the demand for warehouses, raising the cost of renting them post-pandemic. Revenue for the storage industry in China is expected to increase at an annualized 4.3% over the five years.
- Similarly, in India, manufacturing generated 16-17% of India's GDP before the pandemic and is expected to be one of the fastest-growing sectors. India's industrial and warehousing sector reported a nearly 11 million square feet robust absorption, with tier-I cities driving 77% of the demand. Such factors are expected to increase the LED penetration demand.
- In terms of volume share, in 2023, residential accounts for most of the share. Over the past three decades, Asia experienced a high urbanization rate. While rapid urbanization helped to fuel economic growth, it has led to major demand for housing, resulting in high housing prices. Japan will likely see an excess supply of 10 million dwelling units in 2023, partly due to government housing policy with a shrinking population. The number of households will peak at 54.19 million in 2023. Such a factor caters to a major LED demand.
- Government subsidy plays a major role in the adoption of new housing. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aims to build 20 million affordable metropolitan housing units nationwide by 2022. Such factors might lead to major sales, leading to more LED demand in the coming period.
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Growing number of industrial production and disposable income drive the demand for market
- In terms of value and volume share, China stood with the majority of the share in indoor LED lighting in 2023. In terms of value share, in 2023, industrial and warehouse (I&W) accounted for the majority of the share in China. China sustained its industrial production in 2021. In 2021, China produced a total of USD 4865.8 billion, an increase of 26.04% compared to 2020. In 2022, industrial production grew by 3.6%. China's industrial production increased by 3.9% year-on-year in March 2023. Thus, the growing industrial production post-pandemic is creating demand for indoor lighting in the coming years.
- In addition, during its Investor Day in 2021, the company announced that it intends to expand its logistics network over the following five years to 45 to 50 distribution centers. The country’s total exports hit an all-time high in 2022, accounting for CNY 42.07 trillion (USD 6.3 trillion), up 7.7% from 2021. On the other hand, imports increased by 1.1%. With the increasing demand for distribution centers, the LED demand is expected to rise.
- India stands at the second spot in terms of value and volume share. Regarding volume share, residential lighting had the largest share in 2022. In 2022, the average household size, including all registrants nationwide, was 4.4, leading to an increase in private households and homeowners. In India, disposable income is increasing. India's per capita income reached USD 2301.4 in March 2022, compared to USD 1971.6 in March 2021. This suggests that people in India may have lower purchasing power than those countries. As a result, more homes will be purchased and the use of LED lighting will increase.
Asia Pacific Indoor LED Lighting Market Trends
The market is driven by increasing population, increasing per capita income, and government subsidy to promote the use of LED lights
- Asia-Pacific is home to 59.7% of the world’s population, which is around 4.7 billion people, and includes the world’s most populous countries, such as China and India, and 46.3 % of the population is urban (2.14 billion people in 2019). The region's overall fertility rate is close to 2.1 births per woman. Family size has decreased to 1.7 children per woman in East Asia while maintaining a high of 2.5 children per woman in South Asia. Further, two out of every five people in the region currently live in urban areas. This ratio will increase significantly in the coming as millions move from the countryside to towns and cities in search of employment and better opportunities. Thus, the increase in the number of households in urban areas is expected to create more LED penetration for the need for illumination in the region.
- This region includes several developing nations, and despite the pandemic, disposable income is growing in developing countries. China's per capita income reached USD 12,732.5 in December 2022, compared to USD 12,615.7 in December 2021. India’s per capita income reached USD 2301.4 in March 2022, compared to USD 1971.6 in March 2021. Japan's per capita income reached USD 33,911.2 in December 2022, compared to USD 39,916.1 in December 2021. Such instances result in the rising spending power of individuals and affording more money for new residential spaces. For households, in 2012, the Chinese government offered a subsidy of CNY 2.2 billion for the use of energy-conserving light bulbs and LEDs. The Japanese government introduced a consumer rebate program known as the "Eco-Point" program in April 2010. Users may use their Eco-Points to purchase LED lamps at a 2 to 1 Eco-point ratio, which is further expected to surge the demand for LED lighting.
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Initiatives related to infrastructure development and increasing use of energy-efficient lighting to drive the growth of LED lights
- The industrial sector in the Asia-Pacific had planned to have the biggest energy consumption in 2021, followed by the residential and commercial sectors. Additionally, Asia-Pacific is known for its ongoing and future infrastructure initiatives, notably smart city projects, which could generate demand for building operations. The industrial and commercial sector is also expanding quickly. Tokyo and India will collaborate on global infrastructure development projects in 2022. In countries like Nepal, where both countries are already working on projects, joint planning, design, and implementation of infrastructure projects might help New Delhi and Tokyo maximize their impact. The demand for LED in the area is anticipated to rise as a result of these developments.
- Electricity demand in the commercial sector tends to be around 11-13 hours. Electricity use in the industrial sector tends not to fluctuate through the day or year. Electricity demand in the residential sector tends to be highest in the evenings, when lights are turned on, and the average lighting time varies for about 6 to 8 hours. Additionally, Cochin Smart Mission Limited (CSML) is preparing an INR 40 crore project to install LED lighting in Kochi, India, to guarantee the security of vehicles and pedestrians in 2022. These programs fuel the expansion of the LED sector.
- Countries in Asia-Pacific have expedited energy savings through the use of LEDs. For instance, the Australian Government decided in January 2018 to introduce minimum LED bulb standards in Australia and New Zealand that comply with EU requirements and phase out inefficient halogen lamps as a way to improve lighting energy efficiency regulation further. The effort will reduce the nation's electricity use and encourage the usage of LED lighting.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increase in construction and sales of residential houses to drive the growth of the LED market
- Government initiatives to promote energy-efficient LED lights in the region to increase LED light sales
- Increasing indoor farming, construction of vertical farming farms, and investment in agritech startups to drive the growth of LED lighting market
- Increasing investment in commercial buildings, buying luxury cars, and adoption of EV to increase the growth of the LED market
- LED light upgrade project, government offering subsidies, and tax benefits to raise LED localization and reduction of GHG emission to drive the growth of LED lighting market
Asia Pacific Indoor LED Lighting Industry Overview
The Asia Pacific Indoor LED Lighting Market is fragmented, with the top five companies occupying 25.93%. The major players in this market are EGLO Leuchten GmbH, Nichia Corporation, OPPLE Lighting Co. Ltd, Panasonic Holdings Corporation and Signify (Philips) (sorted alphabetically).
Asia Pacific Indoor LED Lighting Market Leaders
EGLO Leuchten GmbH
Nichia Corporation
OPPLE Lighting Co. Ltd
Panasonic Holdings Corporation
Signify (Philips)
Other important companies include ACUITY BRANDS INC., ams-OSRAM AG, Endo Lighting Corporation, Guangdong PAK Corporation Co. Ltd, Toshiba Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Indoor LED Lighting Market News
- April 2023: Luminis, a recognized innovator and manufacturer of specification-grade lighting systems, has developed the Inline series of external luminaires. With various heights and lighting module options, inline bollards and columns elevate outside areas.
- April 2023: Luminaire LED, a recognized leader in vandal-resistant lighting systems, announced the launch of its Vandal Resistant Downlight (VRDL) line, the company's first downlight. The architecturally designed series has a clean, elegant style while also being able to withstand hard abuse and demanding situations.
- March 2023: Signify, and Perfect Plants has expanded their collaboration on grow lights. Driving this partnership is Perfect Plant’s ambition to become a prominent manufacturer of starting materials for medicinal cannabis cultivation. Perfect Plants has branches in the Netherlands, Canada, and South Africa.
Free with this Report
We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
Asia Pacific Indoor LED Lighting Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 Per Capita Income
- 4.3 Total Import Of LEDs
- 4.4 Lighting Electricity Consumption
- 4.5 # Of Households
- 4.6 LED Penetration
- 4.7 Horticulture Area
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4.8 Regulatory Framework
- 4.8.1 China
- 4.8.2 India
- 4.8.3 Japan
- 4.9 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Indoor Lighting
- 5.1.1 Agricultural Lighting
- 5.1.2 Commercial
- 5.1.2.1 Office
- 5.1.2.2 Retail
- 5.1.2.3 Others
- 5.1.3 Industrial and Warehouse
- 5.1.4 Residential
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5.2 Country
- 5.2.1 China
- 5.2.2 India
- 5.2.3 Japan
- 5.2.4 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 6.4.1 ACUITY BRANDS INC.
- 6.4.2 ams-OSRAM AG
- 6.4.3 EGLO Leuchten GmbH
- 6.4.4 Endo Lighting Corporation
- 6.4.5 Guangdong PAK Corporation Co. Ltd
- 6.4.6 Nichia Corporation
- 6.4.7 OPPLE Lighting Co. Ltd
- 6.4.8 Panasonic Holdings Corporation
- 6.4.9 Signify (Philips)
- 6.4.10 Toshiba Corporation
7. KEY STRATEGIC QUESTIONS FOR LED CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- HUMAN POPULATION IN MILLION, NUMBERS, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- VOLUME SALES OF ASIA PACIFIC INDOOR LED LIGHTING MARKET, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- VALUE SALES OF ASIA PACIFIC INDOOR LED LIGHTING MARKET, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, ASIA-PACIFIC, 2017 - 2030
- Figure 20:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES BY COUNTRY, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- VALUE SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 36:
- VOLUME SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 37:
- VOLUME SALES OF LED FIXTURES IN CHINA, NUMBER, CHINA, 2017 - 2030
- Figure 38:
- VALUE SALES OF LED FIXTURES IN CHINA, USD, CHINA, 2017 - 2030
- Figure 39:
- VOLUME SALES OF LED FIXTURES IN INDIA, NUMBER, INDIA, 2017 - 2030
- Figure 40:
- VALUE SALES OF LED FIXTURES IN INDIA, USD, INDIA, 2017 - 2030
- Figure 41:
- VOLUME SALES OF LED FIXTURES IN JAPAN, NUMBER, JAPAN, 2017 - 2030
- Figure 42:
- VALUE SALES OF LED FIXTURES IN JAPAN, USD, JAPAN, 2017 - 2030
- Figure 43:
- VOLUME SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, NUMBER, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- VALUE SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 46:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia Pacific Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. China, India, Japan are covered as segments by Country.
- In terms of value share, in 2023, industrial and warehouse accounts for most of the share. China is the second-largest economy in the world as of 2022. Warehouse space in China cost an average of CNY 44.3 (USD 6.15) per square meter per month during pre-COVID-19. In China, there has been a steady rise in the demand for warehouses, raising the cost of renting them post-pandemic. Revenue for the storage industry in China is expected to increase at an annualized 4.3% over the five years.
- Similarly, in India, manufacturing generated 16-17% of India's GDP before the pandemic and is expected to be one of the fastest-growing sectors. India's industrial and warehousing sector reported a nearly 11 million square feet robust absorption, with tier-I cities driving 77% of the demand. Such factors are expected to increase the LED penetration demand.
- In terms of volume share, in 2023, residential accounts for most of the share. Over the past three decades, Asia experienced a high urbanization rate. While rapid urbanization helped to fuel economic growth, it has led to major demand for housing, resulting in high housing prices. Japan will likely see an excess supply of 10 million dwelling units in 2023, partly due to government housing policy with a shrinking population. The number of households will peak at 54.19 million in 2023. Such a factor caters to a major LED demand.
- Government subsidy plays a major role in the adoption of new housing. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aims to build 20 million affordable metropolitan housing units nationwide by 2022. Such factors might lead to major sales, leading to more LED demand in the coming period.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential | ||
| Country | China | |
| India | ||
| Japan | ||
| Rest of Asia-Pacific |
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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. |
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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
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