Middle East and Africa Indoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Base Year For Estimation | 2023 |
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Market Size (2024) | USD 2.13 Billion |
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Market Size (2030) | USD 2.66 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 3.79 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Indoor LED Lighting Market Analysis
The Middle East and Africa Indoor LED Lighting Market size is estimated at 2.13 billion USD in 2024, and is expected to reach 2.66 billion USD by 2030, growing at a CAGR of 3.79% during the forecast period (2024-2030).
2.13 Billion
Market Size in 2024 (USD)
2.66 Billion
Market Size in 2030 (USD)
3.05 %
CAGR (2017-2023)
3.79 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
38.13 %
value share, Industrial and Warehouse, 2023
The region is striving towards a healthy industrial, manufacturing, and logistics sector from dependence on oil and gas exports to a more diversified economy.
Largest Segment by Commercial
31.03 %
value share, Retail, 2023
The MEA e-commerce market was valued at around USD 37 billion in 2022 due to the increased use of digital channels. This further increased the sales of retail products in the region.
Fastest-growing Segment by Indoor Lighting
7.59 %
Projected CAGR, Agricultural Lighting, 2024-2030
Agriculture contributes 13% of the GDP in the Middle East. Given the climate and increasing population, greenhouse and vertical farming is on the rise.
Fastest-growing Segment by Commercial
4.25 %
Projected CAGR, Retail, 2024-2030
In Kenya, the number of stores increased by 54% over the last five years, with over 2,000 shopping centers in South Africa, implying significant sales of retail products in the region.
Leading Market Player
10.79 %
market share, Signify (Philips), 2022
Signify has primarily focused on further developing highly efficient lighting systems with the help of technological advancements. These solutions improve the company's footprint and increase global significance.
Increasing development in the industrial sector and residential sector drives market growth
- In terms of value share, in 2023, the industrial and warehouse segment accounted for the majority of the share, followed by commercial and residential. The Middle East economy relies heavily on purpose-built processing, production, and logistics facilities. In addition, the local market is becoming a magnet for foreign industrial and manufacturing companies due to strong demand for consumer goods and tax incentives. Healthy industrial, manufacturing, and logistics industries are critical for the future of the region's economy as it continues to transition from dependence on oil and gas exports to a more diversified economy.
- In terms of volume share, in 2023, the residential segment accounted for the majority of the share, followed by commercial and industrial and warehouse. Governments across Africa have stepped up efforts to boost manufacturing and industrialization to spur economic growth after the pandemic. This intensified competition for foreign investment, introducing new industrial policies and the subsequent expansion of Special Economic Zones (SEZs) across the continent.
- The Middle East real estate market was expected to remain strong in 2023 due to high oil prices and economic growth. The total value of real estate projects currently planned or under construction is estimated at USD 1.36 trillion. Saudi Arabia accounts for 64.5% of the total, or about USD 877 billion, followed by the United Arab Emirates, with 21.6% or USD 293 billion. Similarly, the Ugandan government has stepped up its efforts to promote industrialization by announcing plans to expand the Kampala Industrial and Business Park (KIBP) by 4 million square meters. The above instances are expected to create more demand for indoor LEDs in the coming years.
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Middle East and Africa Indoor LED Lighting Market Trends
Increasing population and energy sustainability campaign to promote higher use of LED lights
- In the Middle East & Africa, the United Arab Emirates, Saudi Arabia, and South Africa are the largest countries in terms of revenue and population. The United Arab Emirates' average size of households was around 4.2 persons in 2015, and by 2022, it had increased to 4.9 people per household. In 2021, South Africa had a population of approximately 60.5 million people, and the population has been growing at a rate between 1.2% and 1.3%. In the same year, the country had an estimated 18 million households, with an average household size of 3.34 persons. The growing population and reduced household size are generating the need for more houses, which is boosting the demand for LED illumination in the region.
- In MEA, the typical household size exceeds five people. In Saudi Arabia, about half of the population owns a home, and 5.46 million households were counted in 2020. In Israel, there were 681.5 thousand homes with five or more people as of 2020. There must be more than two rooms in a house to accommodate five people. The majority of people in Israel live in studio apartments. Sales of LEDs have increased as a result of the growth in household sizes.
- To encourage local people to switch to more energy-efficient and environmentally friendly lights, the UAE's latest sustainability campaign involves giving discounts of up to 25% on selected brand LED bulbs. The South African government's S&L program aims to remove inefficient electronic appliances from the market and encourage the adoption of efficient technologies, which include LEDs, by implementing measures/interventions such as minimum energy performance standards (MEPS), labeling programs, and incentive programs. Such instances are further expected to boost the demand for LED lighting in the country.
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The market’s growth is being driven by the replacement of old streetlights with energy efficient LED lights
- In the Middle East & Africa, the industrial sector consumed the most energy (6.12 thousand petajoules) compared to other sectors. Additionally, in 2019, the residential sector consumed 3.68 petajoules, while the commercial sector consumed 1.52 petajoules. Additionally, there has been an increase in the number of commercial buildings throughout the MEA, particularly in Saudi Arabia, the UAE, and Qatar. The Saudi Arabian government has implemented a number of programs like Vision 2030, NTP 2020, and other changes to diversify the economy away from oil.
- Electricity demand in the commercial sector tends to be around 10-12 hours. Electricity use in the industrial sector tends not to fluctuate through the day or year. Electricity demand in the residential sector varies for about 4 to 6 hours. Further, to protect the people at night, the governments of various countries have been taking action. For instance, in Saudi Arabia, Phase 1 of a street light retrofitting project that was initiated in 2021 to replace 38,000 old street lights with LED lights has already begun. This project will save 70% of the energy used and prevent 23,000 tonnes of carbon emissions. These LED lights perform better and use less electricity.
- Governments of countries in the region are taking steps to enhance their use of LED lighting. For instance, Abu Dhabi Municipality, which is a division of Abu Dhabi's Department of Municipalities and Transport, launched a comprehensive awareness campaign on Abu Dhabi Island in May 2021 to highlight the advantages for the environment of switching from conventional lighting to energy-efficient LED streetlights.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increase in household size to bolster the growth of LED usage in the region
- Replacement of conventional lights and removal of inefficient electronic appliances to drive the growth of LED lights
- Investments by agri-tech companies and initiatives by governments are expected to support the growth of the LED lighting market
- Commercial property grew by 66% in 2021, indicating higher sales of LED lights
- Sustainability campaign and ban of traditional light bulbs to contribute to sales of LED lights
Middle East and Africa Indoor LED Lighting Industry Overview
The Middle East and Africa Indoor LED Lighting Market is fragmented, with the top five companies occupying 18.05%. The major players in this market are Al Nasser Group, EGLO Leuchten GmbH, LEDVANCE GmbH (MLS Co. Ltd), OPPLE Lighting Co. Ltd and Signify (Philips) (sorted alphabetically).
Middle East and Africa Indoor LED Lighting Market Leaders
Al Nasser Group
EGLO Leuchten GmbH
LEDVANCE GmbH (MLS Co. Ltd)
OPPLE Lighting Co. Ltd
Signify (Philips)
Other important companies include ACUITY BRANDS INC., Current Lighting Solutions LLC, Nardeen Light Company, OSRAM GmbH, Thorn Lighting Ltd (Zumtobel Group).
*Disclaimer: Major Players sorted in alphabetical order.
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Middle East and Africa Indoor LED Lighting Market News
- November 2019: The company launched Super LED variant called the COB light. It can be used in spaces like hotels, houses, restaurants and retail stores.
- August 2019: The company launched LED HighbayEcomaxwith more durable, robust and integrated design. The lighting solution is applicable for commercial sector like industries, warehouse, station and gyms.
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.
Middle East and Africa 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 Gulf Cooperation Council
- 4.8.2 South Africa
- 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
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 Al Nasser Group
- 6.4.3 Current Lighting Solutions LLC
- 6.4.4 EGLO Leuchten GmbH
- 6.4.5 LEDVANCE GmbH (MLS Co. Ltd)
- 6.4.6 Nardeen Light Company
- 6.4.7 OPPLE Lighting Co. Ltd
- 6.4.8 OSRAM GmbH
- 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, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 8:
- VOLUME SALES OF MIDDLE EAST AND AFRICA INDOOR LED LIGHTING MARKET, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 9:
- VALUE SALES OF MIDDLE EAST AND AFRICA INDOOR LED LIGHTING MARKET, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 18:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 22:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 23:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 24:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 25:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 28:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 29:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 30:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 31:
- MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 32:
- VALUE SHARE OF MAJOR PLAYERS, %, MIDDLE EAST AND AFRICA, 2022
Middle East and Africa Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting.
- In terms of value share, in 2023, the industrial and warehouse segment accounted for the majority of the share, followed by commercial and residential. The Middle East economy relies heavily on purpose-built processing, production, and logistics facilities. In addition, the local market is becoming a magnet for foreign industrial and manufacturing companies due to strong demand for consumer goods and tax incentives. Healthy industrial, manufacturing, and logistics industries are critical for the future of the region's economy as it continues to transition from dependence on oil and gas exports to a more diversified economy.
- In terms of volume share, in 2023, the residential segment accounted for the majority of the share, followed by commercial and industrial and warehouse. Governments across Africa have stepped up efforts to boost manufacturing and industrialization to spur economic growth after the pandemic. This intensified competition for foreign investment, introducing new industrial policies and the subsequent expansion of Special Economic Zones (SEZs) across the continent.
- The Middle East real estate market was expected to remain strong in 2023 due to high oil prices and economic growth. The total value of real estate projects currently planned or under construction is estimated at USD 1.36 trillion. Saudi Arabia accounts for 64.5% of the total, or about USD 877 billion, followed by the United Arab Emirates, with 21.6% or USD 293 billion. Similarly, the Ugandan government has stepped up its efforts to promote industrialization by announcing plans to expand the Kampala Industrial and Business Park (KIBP) by 4 million square meters. The above instances are expected to create more demand for indoor LEDs in the coming years.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential |
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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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