Indoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 26.63 Billion |
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Market Size (2030) | USD 36.35 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 5.32 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indoor LED Lighting Market Analysis
The Indoor LED Lighting Market size is estimated at 26.63 billion USD in 2024, and is expected to reach 36.35 billion USD by 2030, growing at a CAGR of 5.32% during the forecast period (2024-2030).
26.63 Billion
Market Size in 2024 (USD)
36.35 Billion
Market Size in 2030 (USD)
2.49 %
CAGR (2017-2023)
5.32 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
49.17 %
value share, Industrial and Warehouse, 2023
The GDP contribution of the manufacturing segment is around 16%. While only 12% of the industrial sector utilized LED lighting in 2017, it is projected to reach 90% by 2035.
Largest Segment by Commercial
30.54 %
value share, Retail, 2023
By 2023, the combination of online and in-store shopping experiences may become the norm for the retail industry. Approximately 53% of shoppers are more likely to purchase products online, thus increasing the retail sector's revenue.
Largest by Region
43.54 %
value share, Asia-Pacific, 2023
A surge in government initiatives to promote energy-efficient lighting systems, an increasing number of smart city projects, and the longevity of LED lights are driving the sector's growth.
Fastest-growing Segment by Region
6.23 %
Projected CAGR, Asia-Pacific, 2024-2030
The demand for lighting control requirements for indoor spaces like residential buildings is increasing at unanticipated rates as many homes are transitioning to smart home technologies.
Leading Market Player
13.84 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share. The company mostly focuses on newer innovations based on the energy-efficient portfolio, leading to major brand value recognition.
The increasing demand for industrial production, rising need for storage space, and increasing availability of office space drive the demand for indoor LED lighting market in the region
- In terms of value share, in 2023, industrial and warehouse (I&W) accounted for the majority of the share (49.2%), followed by commercial (31.1%), residential (17.5%), and agricultural. The market share is expected to gain in (I&W) and agricultural lighting in coming years and a small reduction in the remaining divisions. Across the globe, industries faced several internal and external headwinds during COVID-19. A large number of countries sustained their industrial production in 2021. In 2021, the United States produced a total of USD 2,497.1 billion, an increase of 11.55% compared to 2020. During the same period, the UK produced a total of USD 274.87 billion, an increase of 16.57% compared to 2020. Thus, the growing industrial production resulted in creating more need for warehouses and increasing the demand for indoor lighting in coming years.
- Government subsidies and housing schemes play a key role in the adoption of new houses in many nations. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aimed to build 20 million affordable metropolitan housing units nationwide by 2022. In Calgary, Canada, under multi-units, home projects fueled 17,306 starts in 2022.
- E-commerce and the export boom have led to demand for new warehouses and other logistics infrastructure, and logistics-related building is becoming an increasingly important sector. In July 2022, Yum China Holdings Inc. commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district, with an area of 61,000 square meters. Such instances are expected to drive the growth of the global indoor LED market.
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Rising e-commerce, home ownership, and smart city development across the world would boost LED light sales
- In terms of value and volume share, Asia-Pacific has the majority share in indoor LED lighting. In terms of value share, in 2023, APAC stood second after North America, followed by Europe, the Middle East & Africa, and South America. In 2021, in APAC, China's output value totaled USD 486.58 billion, an increase of 26.04% compared to 2020. In 2022, industrial production increased by 3.6%. In March 2023, China's industrial production increased by 3.9% year-on-year. Thus, post-pandemic increases in industrial output will lead to demand for indoor lighting in the coming years.
- Furthermore, in North America, by 2022, most US startups were expected to be retail-focused (15.05%), including both brick-and-mortar stores and one e-commerce company. Restaurants and other food businesses followed, accounting for 13.71% of new businesses. An increase in the number of startups is expected to increase the demand for indoor LEDs in the region.
- Additionally, in Europe, between 2017 and 2020, the German homeownership rate declined slightly. About 49.1% of the population lived in apartments in 2021 and 46.7% in 2022. As a result, Germany has the lowest homeownership rate in Europe and one of the largest rental apartment markets. Inflation and high-interest rates have pushed home prices to their steepest quarterly decline in 16 years. Urban and rural homes and apartments fell an average of 3.6%. New home construction is expected to decline next year. Overall, the growth rate of demand for LED lighting may fluctuate depending on home sales demand, but growth in rental housing could accelerate LED adoption in the country.
Global Indoor LED Lighting Market Trends
The market is driven by increasing population, rising energy-efficient construction of buildings, and government programs to promote LED penetration
- The world's population reached 8 billion people in 2023, up from 7.79 billion in 2020. The largest countries by population included China (1.45 billion), India (1.42 billion), and the US (336.8 million). Furthermore, global employment increased to 3.32 billion people in 2022 from 3.16 billion in 2015, an increase of almost 0.13 billion people. The use of LEDs will increase as more knowledge is spread throughout the population as a result of the rise in the number of employed individuals and population growth.
- Despite the COVID-19 pandemic, worldwide spending on energy-efficient construction increased by an exceptional 11.4% in 2020 to over USD 184 billion, up from USD 165 billion in 2019. The yearly growth rate for investments in energy efficiency surpassed 3% for the first time since 2015. The requirement for additional rooms in a house will result in increased demand for LEDs due to the rise in the development of energy-efficient buildings and to meet the residential needs of the expanding population.
- Globally, launches of new houses have been rising, creating more LED penetration due to the need for illumination. For instance, in India, new launches in the Mumbai Metropolitan Region (MMR) increased over two-fold to 1,24,652 units in 2022 from 56,883 units in the previous year. Brazil’s affordable housing program also restarted. The Brazilian President announced plans to restart the nationwide federal housing program for low-income individuals in February 2023. The President created the program, named “Minha Casa, Minha Vida,” which translates to “My Home, My Life,” in 2009. Such instances are further expected to raise the demand for LED lighting in the country.
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Development of smart cities, expansion of green buildings, and increasing government initiatives to promote the use of energy-efficient lighting systems are expected to drive the growth of the market
- The development of smart cities and homes is being supported by governments in North America, which are also adopting new technology in the residential and commercial sectors. As an illustration, green buildings in the US increased dramatically in 2021 and now exceed USD 83 billion dollars. This demonstrates the expansion of the green building sector, which is crucial for lowering the carbon footprint of the building and real estate industries. As LED is energy efficient, increased construction activity and the adoption of green building practices will encourage its use. As a result, the LED market in the area is expanding.
- Commercial electricity use lasts between 10 and 12 hours every day. Electricity consumption in the industrial sector accounts for 24 hours a day, while in the residential sector, it varies from 5.5 to 7 hours. The demand for energy-efficient lighting solutions is expected to rise in Asia-Pacific, in part because of government initiatives like India's UJALA and SLNP programs, which offer LEDs at reduced prices and LED installation projects for streetlights, respectively, and promote their use in a variety of industries.
- After governments began taking part in and supporting beneficial efforts, the growing need for energy-efficient lighting systems was mainly realized. Numerous governments all over the world are moving swiftly to phase out inefficient light sources through a variety of efforts like performance requirements, labeling, and incentive schemes. For instance, the EU modified requirements under the Ecodesign Directive and the Restriction of Hazardous Substances Directive, which essentially prohibited all fluorescent lighting in 2023 in Europe, where the transition to LED began more than ten years ago.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing energy-efficient construction and the rise in global sales of EVs are expected to drive the growth of the market
- APAC is a significant exporters of LEDs along with the growing demand for EVs
- Innovation in indoor farming is expected to drive the growth of the market
- Global sales of commercial construction exceeding by 59% in 2020, increasing pipeline projects, and increasing demand for EVs are expected to drive the growth of market
- Government schemes to replace conventional bulbs with LED lights and increasing global sales of electric vehicles are expected to drive the growth of the market
Indoor LED Lighting Industry Overview
The Indoor LED Lighting Market is fragmented, with the top five companies occupying 36.14%. The major players in this market are Acuity Brands Inc., LEDVANCE GmbH (MLS Co. Ltd), OPPLE Lighting Co. Ltd, Panasonic Holdings Corporation and Signify (Philips) (sorted alphabetically).
Indoor LED Lighting Market Leaders
Acuity Brands Inc.
LEDVANCE GmbH (MLS Co. Ltd)
OPPLE Lighting Co. Ltd
Panasonic Holdings Corporation
Signify (Philips)
Other important companies include ams-OSRAM AG, Current Lighting Solutions LLC, EGLO Leuchten GmbH, Nichia Corporation, Thorn Lighting Ltd (Zumtobel Group).
*Disclaimer: Major Players sorted in alphabetical order.
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Indoor LED Lighting Market News
- 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: Luminaire LED 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: Aculux launched improvements to its AXE series, its highest-performing family of architectural recessed downlights that feature industry-leading cut-off and glare control to produce quiet ceilings.
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.
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 Argentina
- 4.8.2 Brazil
- 4.8.3 China
- 4.8.4 France
- 4.8.5 Germany
- 4.8.6 Gulf Cooperation Council
- 4.8.7 India
- 4.8.8 Japan
- 4.8.9 South Africa
- 4.8.10 United Kingdom
- 4.8.11 United States
- 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 Region
- 5.2.1 Asia-Pacific
- 5.2.2 Europe
- 5.2.3 Middle East and Africa
- 5.2.4 North America
- 5.2.5 South America
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 Acuity Brands Inc.
- 6.4.2 ams-OSRAM AG
- 6.4.3 Current Lighting Solutions LLC
- 6.4.4 EGLO Leuchten GmbH
- 6.4.5 LEDVANCE GmbH (MLS 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 Thorn Lighting Ltd (Zumtobel Group)
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, GLOBAL, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, GLOBAL, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, GLOBAL, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, GLOBAL, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, GLOBAL, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, GLOBAL, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, GLOBAL, 2017 - 2030
- Figure 8:
- VOLUME SALES OF GLOBAL INDOOR LED LIGHTING MARKET, NUMBER, GLOBAL, 2017 - 2030
- Figure 9:
- VALUE SALES OF GLOBAL INDOOR LED LIGHTING MARKET, USD, GLOBAL, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, GLOBAL, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, GLOBAL, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, GLOBAL, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, GLOBAL, 2017 - 2030
- Figure 16:
- VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, GLOBAL, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, GLOBAL, 2017 - 2030
- Figure 19:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, GLOBAL, 2017 - 2030
- Figure 20:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, GLOBAL, 2017 - 2030
- Figure 21:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, GLOBAL, 2017 - 2030
- Figure 22:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, GLOBAL, 2017 - 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, GLOBAL, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, GLOBAL, 2017 - 2030
- Figure 25:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
- Figure 26:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, GLOBAL, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, GLOBAL, 2017 - 2030
- Figure 29:
- VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, GLOBAL, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, GLOBAL, 2017 - 2030
- Figure 32:
- VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES BY REGION, NUMBER, GLOBAL, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES BY REGION, USD, GLOBAL, 2017 - 2030
- Figure 35:
- VALUE SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 36:
- VOLUME SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 37:
- VOLUME SALES OF LED FIXTURES IN ASIA-PACIFIC, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- VALUE SALES OF LED FIXTURES IN ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- VOLUME SALES OF LED FIXTURES IN EUROPE, NUMBER, EUROPE, 2017 - 2030
- Figure 40:
- VALUE SALES OF LED FIXTURES IN EUROPE, USD, EUROPE, 2017 - 2030
- Figure 41:
- VOLUME SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 42:
- VALUE SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 43:
- VOLUME SALES OF LED FIXTURES IN NORTH AMERICA, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 44:
- VALUE SALES OF LED FIXTURES IN NORTH AMERICA, USD, NORTH AMERICA, 2017 - 2030
- Figure 45:
- VOLUME SALES OF LED FIXTURES IN SOUTH AMERICA, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 46:
- VALUE SALES OF LED FIXTURES IN SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2030
- Figure 47:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2030
- Figure 48:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2030
- Figure 49:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In terms of value share, in 2023, industrial and warehouse (I&W) accounted for the majority of the share (49.2%), followed by commercial (31.1%), residential (17.5%), and agricultural. The market share is expected to gain in (I&W) and agricultural lighting in coming years and a small reduction in the remaining divisions. Across the globe, industries faced several internal and external headwinds during COVID-19. A large number of countries sustained their industrial production in 2021. In 2021, the United States produced a total of USD 2,497.1 billion, an increase of 11.55% compared to 2020. During the same period, the UK produced a total of USD 274.87 billion, an increase of 16.57% compared to 2020. Thus, the growing industrial production resulted in creating more need for warehouses and increasing the demand for indoor lighting in coming years.
- Government subsidies and housing schemes play a key role in the adoption of new houses in many nations. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aimed to build 20 million affordable metropolitan housing units nationwide by 2022. In Calgary, Canada, under multi-units, home projects fueled 17,306 starts in 2022.
- E-commerce and the export boom have led to demand for new warehouses and other logistics infrastructure, and logistics-related building is becoming an increasingly important sector. In July 2022, Yum China Holdings Inc. commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district, with an area of 61,000 square meters. Such instances are expected to drive the growth of the global indoor LED market.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential | ||
| Region | Asia-Pacific | |
| Europe | ||
| Middle East and Africa | ||
| North America | ||
| South America |
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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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