Europe Indoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.06 Billion |
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Market Size (2030) | USD 8.65 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 6.09 % |
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Largest Share by Country | France |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Indoor LED Lighting Market Analysis
The Europe Indoor LED Lighting Market size is estimated at 6.06 billion USD in 2024, and is expected to reach 8.65 billion USD by 2030, growing at a CAGR of 6.09% during the forecast period (2024-2030).
6.06 Billion
Market Size in 2024 (USD)
8.65 Billion
Market Size in 2030 (USD)
4.71 %
CAGR (2017-2023)
6.09 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
62.64 %
value share, Industrial and Warehouse, 2023
The existing supply of warehouse space in France increased due to growing e-commerce companies. French industrial production increased by 1.1% over one month in December 2022.
Largest Segment by Commercial
41.14 %
value share, Retail, 2023
The retail and wholesale sector is a key economic sector in Europe. Retail parks have emerged in Europe, catering to a significant Y-o-Y growth of over 8%.
Largest by Country
20.95 %
value share, France, 2023
French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. As of 2021, there was a total of 662,000 sq. m of industrial real estate under construction in Lille.
Fastest-growing Segment by Country
8.21 %
Projected CAGR, France, 2024-2030
Alongside major groups such as Geodis, Viapost, STEF, FM Logistic, and Bolloré Logistics, a large number of foreign companies have invested in the logistics sector in France.
Leading Market Player
18.92 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share individually. The company mostly focuses on newer innovations based on the energy-efficient portfolio, leading to major brand value recognition.
Increasing development in the industrial and residential sectors drives market growth
- In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
- In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
- In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
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Growing number of industrial production and surge in residential property drive the demand for market
- In terms of value and volume, as of 2023, the Rest of Europe held the major share, followed by France, Germany, and the United Kingdom. The Rest of Europe comprises Sweden, Italy, Spain, Russia, Poland, Netherlands, and others. Foreign buyers from the United States and northern Europe have been buying homes on Spain’s southern coast. Despite a significant rise in mortgage rates, demand for real estate remained strong in 2022, with a 16% surge in transactions and an 11% uptick in mortgage production compared to 2021. In Europe, Poland was at the top with nearly 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland. Overall, the demand for LEDs is expected to increase with increasing warehouse construction and a surge in residential property in the region.
- In the first eleven months of 2022, new dwellings authorized in France, excluding Mayotte, rose by 5.6% to 448,416 units compared to the same period the previous year, following an 18.5% increase during 2021. Since COVID-19 confinements, many people have moved from the major cities to the provinces in France. Overall, the residential market is expected to be more stable in the coming years.
- In Germany, with around 60% of total R&D expenditure, German industrial companies significantly contribute to the country's prosperity. Companies also engage in strategic development. For instance, in 2023, Osvětléní Černoch SRO built a new production and storage hall to increase its industrial production capacity. Such expansions indicate an increase in the number of industries and storage areas and the use of LED lighting.
Europe Indoor LED Lighting Market Trends
Increasing disposable income and government incentives may lead to more LED penetration
- In 2022, 198 million households resided in the EU, with 2.2 members per household on average. The region's population was 746.2 million in 2020, which reduced to 742.2 million by 2023. Homeownership rates in the EU declined by 69.10% in 2022 from 69.90% in 2021. Such instances suggest that housing development projects are less than in previous years despite a slight decline in the number of households. Thus, LED penetration is expected to grow positively but less in the residential segment compared to previous years.
- In Europe, disposable income is high for most countries, resulting in rising spending power of individuals, especially on new residential spaces. The United Kingdom's per capita income reached USD 33,138 in 2022, while that of France reached USD 25,337.7.
- In Europe, the governments provide incentive programs to create more LED penetration. The UK government announced the launch of a new energy-efficient lighting proposal. Under this, lighting, such as low energy-use LEDs, would replace old halogen bulbs. Such initiatives could save households between GBP 2,000 and GBP 3,000 over the lifetime of these bulbs. The “Federal Funding for Efficient Buildings” program was launched in January 2021 in Germany. Anyone who owns a property in Germany or who is looking to buy property in the country can apply for the funding. The energy efficiency program also includes lighting energy efficiency buildings. In June 2017, the French government announced the Energy Savings Certificate scheme, which allows people to get subsidies that can cover up to 100% of the price of LED bulbs based on the householder’s income. Such instances are expected to boost the demand for LED lighting in the region during the forecast period.
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Government programs and the prohibition of the sale of halogen bulbs may drive the growth of LED lighting
- One of the main energy consumers in the EU, the industry sector accounted for 25.6% of total energy consumption in 2021, followed by the household and commercial sectors, which used the most energy. A significant number of households are converting to smart home technologies, which has increased the demand for lighting control in indoor spaces, such as residential buildings, at unexpected rates. The central feature of the European Green Deal, which was unveiled in September 2020, is the Housing Renovation Program, which was implemented by the EU administration. Such programs are assisting the expansion of LED lighting in the region.
- The demand for electricity in the commercial sector tends to be around 8-10 hours, while electricity use in the industrial sector does not fluctuate throughout the day or year. Electricity demand in the residential sector varies for about 7-9 hours. The Covenant of Mayors - Demonstration Projects scheme refurbished 27 roadways in Cantemir and installed 419 smart LED lighting. About 386 inefficient bulbs were replaced in Ocnița to lower the amount of CO2 released into the atmosphere, thus causing a rise in the use of LEDs in the region.
- In September 2018, the region also prohibited the sale of non-directional halogen bulbs. These legislative changes have made it easier for consumers to progressively switch from conventional lighting to LED technology. The governments in the region are also phasing out older, less efficient technologies to boost consumer acceptance of LED items, as well as giving subsidies and incentives to enhance the overall efficiency of LEDs in the region.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing residential housing and non-residential buildings may drive the growth of LED lights
- Government policies to limit the use of conventional bulbs and the target to increase EV sales may promote the use of LED lights
- The LED market is driven by indoor horticulture and strategic developments by agri-tech companies.
- Increasing vacancy rates and leasing activity of real estate properties may drive the growth of the LED market
- Government regulations and policies to ban the use of fluorescent lighting, as well as smart building initiatives, may drive the use of LED lights in the region
Europe Indoor LED Lighting Industry Overview
The Europe Indoor LED Lighting Market is fragmented, with the top five companies occupying 35.92%. The major players in this market are LEDVANCE GmbH (MLS Co. Ltd), OSRAM GmbH, Panasonic Holdings Corporation, Signify (Philips) and Thorn Lighting Ltd (Zumtobel Group) (sorted alphabetically).
Europe Indoor LED Lighting Market Leaders
LEDVANCE GmbH (MLS Co. Ltd)
OSRAM GmbH
Panasonic Holdings Corporation
Signify (Philips)
Thorn Lighting Ltd (Zumtobel Group)
Other important companies include Dialight, EGLO Leuchten GmbH, NVC International Holdings Limited, Thorlux Lighting (FW Thorpe Plc), TRILUX GmbH & Co. KG.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Indoor LED Lighting Market News
- July 2023: OSRAM introduced Osconiq E 2835 CRI 90 (QD) that expands ams OSRAM's portfolio of lighting solutions that provide prominent quality in a new mid-power LED. Its In-house Quantum Dot technology ensures outstanding efficiency values of over 200 lm/W, even at high color rendering indices (CRI).
- May 2023: Osram announced the release of the OSLON Optimum family of LEDs in May 2022. These LEDs are based on the most recent ams Osram 1mm2 chip and are designed for horticulture lighting. They offer an exceptional combination of high efficiency, dependable performance, and great value.
- April 2023: The company launched Novaline Style - elegant and slim circular luminaire that provides diffuse light from the front and a subtle 10% backlight.
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.
Europe 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 France
- 4.8.2 Germany
- 4.8.3 United Kingdom
- 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 France
- 5.2.2 Germany
- 5.2.3 United Kingdom
- 5.2.4 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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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 Dialight
- 6.4.2 EGLO Leuchten GmbH
- 6.4.3 LEDVANCE GmbH (MLS Co. Ltd)
- 6.4.4 NVC International Holdings Limited
- 6.4.5 OSRAM GmbH
- 6.4.6 Panasonic Holdings Corporation
- 6.4.7 Signify (Philips)
- 6.4.8 Thorlux Lighting (FW Thorpe Plc)
- 6.4.9 Thorn Lighting Ltd (Zumtobel Group)
- 6.4.10 TRILUX GmbH & Co. KG
7. KEY STRATEGIC QUESTIONS FOR LED CEOS
8. APPENDIX
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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, EUROPE, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, EUROPE, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, EUROPE, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, EUROPE, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, EUROPE, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, EUROPE, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, EUROPE, 2017 - 2030
- Figure 8:
- VOLUME SALES OF EUROPE INDOOR LED LIGHTING MARKET, NUMBER, EUROPE, 2017 - 2030
- Figure 9:
- VALUE SALES OF EUROPE INDOOR LED LIGHTING MARKET, USD, EUROPE, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, EUROPE, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, EUROPE, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, EUROPE, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, EUROPE, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, EUROPE, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, EUROPE, 2017 - 2030
- Figure 16:
- VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, EUROPE, 2022 VS 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, EUROPE, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, EUROPE, 2017 - 2030
- Figure 19:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, EUROPE, 2017 - 2030
- Figure 20:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, EUROPE, 2017 - 2030
- Figure 21:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, EUROPE, 2017 - 2030
- Figure 22:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, EUROPE, 2017 - 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, EUROPE, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, EUROPE, 2017 - 2030
- Figure 25:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, EUROPE, 2017 - 2030
- Figure 26:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, EUROPE, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, EUROPE, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, EUROPE, 2017 - 2030
- Figure 29:
- VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, EUROPE, 2022 VS 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, EUROPE, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, EUROPE, 2017 - 2030
- Figure 32:
- VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, EUROPE, 2022 VS 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES BY COUNTRY, NUMBER, EUROPE, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES BY COUNTRY, USD, EUROPE, 2017 - 2030
- Figure 35:
- VALUE SHARE OF LED FIXTURES BY COUNTRY, %, EUROPE, 2017 - 2030
- Figure 36:
- VOLUME SHARE OF LED FIXTURES BY COUNTRY, %, EUROPE, 2017 - 2030
- Figure 37:
- VOLUME SALES OF LED FIXTURES IN FRANCE, NUMBER, FRANCE, 2017 - 2030
- Figure 38:
- VALUE SALES OF LED FIXTURES IN FRANCE, USD, FRANCE, 2017 - 2030
- Figure 39:
- VOLUME SALES OF LED FIXTURES IN GERMANY, NUMBER, GERMANY, 2017 - 2030
- Figure 40:
- VALUE SALES OF LED FIXTURES IN GERMANY, USD, GERMANY, 2017 - 2030
- Figure 41:
- VOLUME SALES OF LED FIXTURES IN UNITED KINGDOM, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 42:
- VALUE SALES OF LED FIXTURES IN UNITED KINGDOM, USD, UNITED KINGDOM, 2017 - 2030
- Figure 43:
- VOLUME SALES OF LED FIXTURES IN REST OF EUROPE, NUMBER, REST OF EUROPE, 2017 - 2030
- Figure 44:
- VALUE SALES OF LED FIXTURES IN REST OF EUROPE, USD, REST OF EUROPE, 2017 - 2030
- Figure 45:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, EUROPE, 2017 - 2030
- Figure 46:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2017 - 2030
- Figure 47:
- VALUE SHARE OF MAJOR PLAYERS, %, EUROPE, 2022
Europe Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. France, Germany, United Kingdom are covered as segments by Country.
- In terms of value, as of 2023, industrial and warehouse had a major share, followed by commercial, residential, and agricultural lighting. France, Russia, and Poland had the majority of warehouse constructions. The COVID-19 crisis accelerated France's efforts to return industrial production capacities to the pre-pandemic levels. French industrial production increased by 1.1% over one month in December 2022, after +2% in November 2022. Poland has close to 4.4 million sq. m of space. By the middle of 2022, almost 4.5 million sq. m of warehouse and industrial space was under construction in Poland.
- In commercial, hospitals, schools, and airports comprise the majority of the share. The disposable net income among the 42 countries surveyed varies significantly. Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income by a wide margin, which means more affordability for schools and college studies.
- In terms of volume, as of 2023, the residential sector had a major share. Italy’s housing market remains stable, supported by strong demand. In Q4 2021, residential property transactions increased by 14.1% to 263,795 units compared to a year earlier. All regions saw a strong sales increase during the period. Despite many businesses remaining in transition, office usage rates continued on an upward trend from the end of the last lockdown in January 2022. As of Q3 2022, the office sector traded at an average discount of 26%, which was below the 31% overall average. The overall vacancy rate stood at 7.2% at the end of 2022, almost stable compared to the end of 2021 (+10bp). Overall, there is a positive trend toward a higher office and residential absorption rate, leading to a major increase in the demand for LEDs.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential | ||
| Country | France | |
| Germany | ||
| United Kingdom | ||
| Rest of Europe |
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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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