France Outdoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 404.27 Million |
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Market Size (2030) | USD 608.19 Million |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 7.04 % |
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Fastest Growing by Outdoor Lighting | Public Places |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
France Outdoor LED Lighting Market Analysis
The France Outdoor LED Lighting Market size is estimated at 404.27 million USD in 2024, and is expected to reach 608.19 million USD by 2030, growing at a CAGR of 7.04% during the forecast period (2024-2030).
404.27 Million
Market Size in 2024 (USD)
608.19 Million
Market Size in 2030 (USD)
2.28 %
CAGR (2017-2023)
7.04 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
75.57 %
value share, Public Places, 2023
The city of Strasbourg and the Eurometropolis have adopted solar lighting, thus affirming their commitment to ecological transition.
Fastest-growing Segment by Outdoor Lighting
8.26 %
Projected CAGR, Public Places, 2024-2030
Public places is the fastest growing segment, and it is projected to record a CAGR of 8.72%. Walibi Rhone-Alpes is one of France's largest and most exciting amusement parks.
First Leading Market Player
15.44 %
market share, Signify Holding (Philips), 2022
Signify held the maximum market share of 15.44% in 2022 in the country. Signify has installed LED in Marseille's Orange Velodrome, making it the largest 100% LED stadium in France.
Second Leading Market Player
7.01 %
market share, LEDVANCE GmbH (MLS Co Ltd), 2022
LEDVANCE GmbH was the second-largest market player in France. The company offers innovative products with breakthrough technologies, such as Smart+ luminaires, which include functional solutions in places such as outdoor parking and others.
Third Leading Market Player
3.55 %
market share, ams-OSRAM AG, 2022
Ams-OSRAM AG was the third-largest market player in France, accounting for 3.55% market share in 2022. The Armin Wolf stadium is based on Ams-OSRAM's OSCONIQ LEDs integrated into Musco Lighting's high-performance system.
Smart city projects drive the growth of the LED lighting market
- Public spaces held the largest share by value and volume in 2023. During the pandemic, the French government imposed temporary closures and restrictions on entertainment centers, shopping malls, parks, travel, events, etc., to control the spread of the COVID-19 pandemic. These measures by government agencies impacted public spending. When lockdown restrictions eased in 2021, the open public spaces accelerated demand for parking near railway stations, shopping malls, and airports. The government also introduced initiatives to ease COVID-19 measures and develop energy efficiency and sustainability initiatives. One of them was to reduce the use of halogen lamps and replace them with LED lighting.
- To facilitate smart city development, the country signed project agreements with lighting manufacturers. One such agreement is the Jardins de l'Arche lighting project, an urban renewal project by AWP, an architectural firm. The district covers an area of 15 hectares and is intended as a center of culture and entertainment. The project encloses a 600 m pedestrian promenade that leads from La Grande Arche to the terraces of Nanterre, a sports arena that can accommodate up to 40,000 spectators, and to areas intended for commercial, administrative, school, and hospitality buildings. The French lighting design studio 8’18’’ was responsible for lighting this new public space and pedestrian promenade. Such developments and projects involve the use of LED lighting, increasing the demand and market value of these lights in the country.
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France Outdoor LED Lighting Market Trends
Investments in sports and related infrastructure to drive the growth of LED lighting
- The number of stadiums in France is expected to grow from 139 in 2023 to 152 in 2030, with a CAGR of 1.2%. The sports industry has undergone a number of changes in recent years. Floodlights were installed in 2015 as part of renovations at the Pierre Mauroy stadium in Lille. The Orange Velodrome in Marseille became France's largest 100% LED stadium in 2019 when Signify installed LED lighting. Total light management for LED technology was featured at Stade Louis II in 2020. These elements support the expansion of the French outdoor LED lighting market.
- The nation supports the building of stadiums and provides investment opportunities for different sports. For instance, as the nation prepared for the Paris 2024 Olympic and Paralympic Games, the French government's investments in sports were expected to increase significantly in 2020. The budget for the Sports Ministry was expected to increase in 2020 and reach EUR 710.4 million (GBP 613.8 million/USD 793.5 million) as part of plans to demonstrate the government's desire to support sports. Over EUR 129 million (GBP 111.5 million/USD 144.1 million) is anticipated to be invested in sporting facilities over the coming years.
- The new stadium building for Nîmes Olympique 2022 is expected to be among the most recently completed projects, while the second stadium will be finished by 2026. A professional football stadium with a capacity of 26,280, Stade de la Meinau, will be revamped completely, with construction having started in 2021. Some of the significant tournaments in France during the study period have been the Rugby World Cup France 2023, FIVB Volleyball Men's Nations League, FIBA 3x3 Women's Series, and the 2024 Olympic Games. Due to such developments, the outdoor LED lighting market is expected to grow in the coming years.
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Increasing passenger car and battery electric private and utility car registration to drive the growth of LED market.
- France's total population has been growing for years, reaching 67.64 million in 2021. The fertility rate in France looks to be 1.83 children for every woman. The overall life expectancy at birth in France was expected to be 82.32 years in 2021. Over the years, the nation's rate has remained consistent. The death rate in France fell by 0.2 per 1,000 people (-2.02%) in 2021 compared to 2020. Overall, the death rate decreased, falling to 9.7 deaths per 1,000 people in 2021. According to the data, there are more people in the country who will need more space to live in, which may help the market expand.
- In France, there were about 31 million households in 2021, and there were 2.19 individuals in each family on average as of 2018. In France, as of the fourth quarter of 2021, there were over 29,712 new dwelling units that had been sold or reserved for sale. There were around 27,918 completed or scheduled house sales in the fourth quarter of 2020. The rising number of homes sold is expected to increase the usage of LEDs in the country.
- As of January 2022, there were more than 38.7 million passenger vehicles in the French fleet, up from over 35.8 million in 2011. Until 2022, the number of passenger vehicles on the road had continuously increased. Additionally, since electric passenger car registrations first appeared on the French automobile market, they have dramatically increased. Nearly 219,800 new battery-powered electric private and utility cars were registered in France in 2022, which was an increase of almost 26.1% from the previous year. The sale of LEDs in France may benefit from the rise in automotive vehicle sales.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising commercial real estate investments and EV leasing schemes may drive the sales of LED lights
- Energy renovation and energy-efficient projects to drive the growth of the LED market
- Low cost of LED lights, modernization of streetlights, and replacement of halogen bulbs with energy-efficient lights may drive the LED market
- Government to push energy saving initiatives, thus increasing EV registrations and subsidies to drive the LED market
- High per capita income and energy saving schemes to promote the use of LED lights
France Outdoor LED Lighting Industry Overview
The France Outdoor LED Lighting Market is fragmented, with the top five companies occupying 29.45%. The major players in this market are ams-OSRAM AG, EGLO Leuchten GmbH, LEDVANCE GmbH (MLS Co Ltd), Signify Holding (Philips) and Thorn Lighting Ltd. (Zumtobel Group) (sorted alphabetically).
France Outdoor LED Lighting Market Leaders
ams-OSRAM AG
EGLO Leuchten GmbH
LEDVANCE GmbH (MLS Co Ltd)
Signify Holding (Philips)
Thorn Lighting Ltd. (Zumtobel Group)
Other important companies include BEGA Lighting, Fagerhult (Fagerhult Group), Feilo Sylvania (Shanghai Feilo Acoustics Co., Ltd), Thorlux Lighting (FW Thorpe Plc), TRILUX GmbH & Co. KG.
*Disclaimer: Major Players sorted in alphabetical order.
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France Outdoor LED Lighting Market News
- August 2022: Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED. The MASTER LEDtube UE expands the energy-efficient products that meet the A-grade criteria of the new EU energy labeling and eco-design framework through technological innovation.
- October 2021: FW Thorpe has announced the acquisition of 63% of Electrozemper S.A. (Zemper) in Spain, a specialist in emergency lighting for various sectors and territories. Revenues are derived from Spain, France, Belgium, and other overseas territories.
- November 2018: Osram's appearance in the professional mid-power market is the Osconiq S3030. LEDs are great for outdoor and industrial lighting. It provides clients high-quality LED lighting that lasts even in harsh operating circumstances.
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.
France Outdoor 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 # Of Stadiums
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4.8 Regulatory Framework
- 4.8.1 France
- 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 Outdoor Lighting
- 5.1.1 Public Places
- 5.1.2 Streets and Roadways
- 5.1.3 Others
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 ams-OSRAM AG
- 6.4.2 BEGA Lighting
- 6.4.3 EGLO Leuchten GmbH
- 6.4.4 Fagerhult (Fagerhult Group)
- 6.4.5 Feilo Sylvania (Shanghai Feilo Acoustics Co., Ltd)
- 6.4.6 LEDVANCE GmbH (MLS Co Ltd)
- 6.4.7 Signify Holding (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, FRANCE, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, FRANCE, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, FRANCE, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, FRANCE, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, FRANCE, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, FRANCE, 2017 - 2030
- Figure 7:
- COUNT OF STADIUMS, NUMBER, FRANCE, 2017 - 2030
- Figure 8:
- VOLUME SALES OF FRANCE OUTDOOR LED LIGHTING MARKET, NUMBER, FRANCE, 2017 - 2030
- Figure 9:
- VALUE SALES OF FRANCE OUTDOOR LED LIGHTING MARKET, USD, FRANCE, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, FRANCE, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, FRANCE, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, FRANCE, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, FRANCE, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, FRANCE, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, FRANCE, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, FRANCE, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, FRANCE, 2017 - 2030
- Figure 18:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, FRANCE, 2017 - 2030
- Figure 19:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, FRANCE, 2017 - 2030
- Figure 20:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, FRANCE, 2017 - 2030
- Figure 21:
- MOST ADOPTED STRATEGIES, COUNT, FRANCE, 2017 - 2030
- Figure 22:
- VALUE SHARE OF MAJOR PLAYERS, %, FRANCE, 2022
France Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- Public spaces held the largest share by value and volume in 2023. During the pandemic, the French government imposed temporary closures and restrictions on entertainment centers, shopping malls, parks, travel, events, etc., to control the spread of the COVID-19 pandemic. These measures by government agencies impacted public spending. When lockdown restrictions eased in 2021, the open public spaces accelerated demand for parking near railway stations, shopping malls, and airports. The government also introduced initiatives to ease COVID-19 measures and develop energy efficiency and sustainability initiatives. One of them was to reduce the use of halogen lamps and replace them with LED lighting.
- To facilitate smart city development, the country signed project agreements with lighting manufacturers. One such agreement is the Jardins de l'Arche lighting project, an urban renewal project by AWP, an architectural firm. The district covers an area of 15 hectares and is intended as a center of culture and entertainment. The project encloses a 600 m pedestrian promenade that leads from La Grande Arche to the terraces of Nanterre, a sports arena that can accommodate up to 40,000 spectators, and to areas intended for commercial, administrative, school, and hospitality buildings. The French lighting design studio 8’18’’ was responsible for lighting this new public space and pedestrian promenade. Such developments and projects involve the use of LED lighting, increasing the demand and market value of these lights in the country.
| Outdoor Lighting | Public Places |
| Streets and Roadways | |
| Others |
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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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