North America Indoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 6.30 Billion |
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Market Size (2030) | USD 7.63 Billion |
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Largest Share by Indoor Lighting | Commercial |
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CAGR (2024 - 2030) | 3.26 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Indoor LED Lighting Market Analysis
The North America Indoor LED Lighting Market size is estimated at 6.30 billion USD in 2024, and is expected to reach 7.63 billion USD by 2030, growing at a CAGR of 3.26% during the forecast period (2024-2030).
6.30 Billion
Market Size in 2024 (USD)
7.63 Billion
Market Size in 2030 (USD)
0.96 %
CAGR (2017-2023)
3.26 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
65.14 %
value share, Commercial, 2023
The United States contributes more than 9.1 billion sq. ft of office inventory space in the suburban and downtown regions. Growth was experienced in the Class A office market in Canada.
Largest Segment by Commercial
28.90 %
value share, Retail, 2023
The COVID-19 pandemic accelerated this transition as e-commerce became the default setting for many homebound consumers. The e-commerce industry is leading to a permanent shift in retail.
Largest by Country
84.86 %
value share, United States, 2023
The United States is the major country in the North American LED lighting market. The growing number of manufacturing facilities in the country is expected to create more demand for indoor LEDs.
Fastest-growing Segment by Country
3.31 %
Projected CAGR, United States, 2024-2030
The United States has the largest retail market in the world and is home to many of the world's largest retailers. Total retail sales grew by 8.9% Y-o-Y in 2022.
Leading Market Player
38.96 %
market share, ACUITY BRANDS INC., 2022
Acuity Brands develops technology that saves customers energy and reduces their carbon footprint. The company works to mitigate the effects of climate change, maximizing the impact of technology.
Increasing demand for industrial production, rising need for storage space, and increasing availability of office space are driving the demand for the market
- In terms of value, in 2023, commercial accounted for the majority of the share, followed by residential, industrial and warehouse (I&W), and agricultural. The market share is expected to gain in I&W and a small reduction in the remaining divisions in years. The US industries faced several internal and external headwinds, such as weak domestic consumption, semiconductor crunch, plant closures, and supply chain disruptions caused by the surge of COVID-19. Further, the United States sustained its 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.
- In the United States, industrial production grew by 0.2% Y-o-Y in May 2023, after an upwardly revised rise of 0.4% in April 2023. Mining went up by 5%, utilities dropped by 3.8%, and manufacturing fell by 0.3%. Mexico produced a total of USD 230.07 billion, an increase of manufacturing output of 21.44% compared to 2020. Thus, the growing industrial production in this region is expected to create more demand for Indoor lighting in the coming years.
- The Canadian commercial real estate sector has been facing increasing market volatility since the middle of 2022. The financial, technology, and life sciences sectors are the drivers of demand for office space, with leasing rates increasing compared to 2021. Employment gains were registered in the construction, warehouse, and other sectors. In December 2022, 104 thousand jobs were added in Canada. The availability of national offices in Q4 of 2022 and accounted for 16.5%, which was higher than in Q3 of 2022 and Q4 of 2021. These instances are expected to create more demand for office spaces in the near future, which will result in creating more need for indoor lighting products.
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The growing number of manufacturing facilities, house owners, and retail facilities is expected to drive the demand for indoor lighting
- In terms of value and volume, in 2023, the United States accounted for the majority of the share, followed by the Rest of North America. The market share is expected to decline for the Rest of North America and gain for the United States with less fluctuation in the coming years. Demand for EVs surged across many countries in North America, resulting in increasing manufacturing facilities. In March 2022, VinFast, a Vietnamese automaker, planned to establish an all-electric SUV plant in Chatham County with an investment of USD 4 billion. In April 2023, Ford announced its new manufacturing hub in Canada, with an investment of USD 1.3 billion. The increase in manufacturing facilities is expected to create more demand for indoor LEDs in the market.
- In 2022, the largest number of startups in the United States focused on retail (15.05%), including brick-and-mortar stores and an e-commerce business. Restaurants and other food-related businesses account for 13.71% of the startups. The increasing number of startups is expected to create more need for indoor LEDs in the region.
- The number of households in the United States grew from 128.45 million to 131.2 million between 2020 and 2022. Further, the number of privately owned dwelling units authorized by building permits in May 2023 was 1,491,000. This is 5.2% more than the April 2023 rate, which was increased from 1,417,000. The number of privately owned homes started in May 2023 was 1,631,000. This is 5.7% above the May 2022 rate of 1,543,000. Thus, the growing number of households and house owners is expected to create more demand for indoor LEDs in the region.
North America Indoor LED Lighting Market Trends
Increase in private-owned dwellings and government policy to drive the market for LED
- In North America, the US and Canada are the main cities in terms of revenue and population. The current population of Northern America is 375.5 million as of June 2023. The United States occupies a major share of the people in this region, accounting for 331 million, followed by Canada at 37.7 million by 2020. 82.6 % of the population lives in urban areas (304.7 million people in 2019). The population in this region is growing with a 0.6% change. Thus, the increase in population is expected to create more LED penetration and increase the need for illumination in the country.
- In Canada and the US, disposable income is high, resulting in rising spending power of individuals and affording more money on new residential spaces. Canada's monthly earnings stood at USD 3,464 in Mar 2023, reduced from USD 3,500 in Feb 2023. Even though it is showing a slight decline in average monthly earnings, it has a high purchasing value compared to other nations, as it is a developed country in North America.
- The number of privately owned dwelling units authorized by building permits in May 2023 was 1,491,000. This is 5.2% more than the April 2023 rate, which was increased from 1,417,000. The number of privately owned homes started in May was 1,631,000. This is 5.7% above the May 2022 rate of 1,543,000 and is 21.7% higher than the revised April estimate of 1,340,000.
- As per the Energy Policy Act (EPAct) section 179D, the maximum tax deduction jumped to USD 5 per sq. ft. of upgraded space in 2023 under the new regulations, which has USD 1.88 per sq. ft. deductions in 2022 (but is set to rise to USD 2.00 per sq. ft.). Eligible projects include interior lighting, HVAC, and building envelopes. Such instances are expected to surge the demand for LED lighting in the region.
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Upgradation and replacement of old lamps, increasing government initiatives to promote the use of LED lights
- Each customer type—residential, commercial, and industrial—uses around one-third of the total amount of electricity. The average selling price of a home in Canada climbed by 31.6% Y-o-Y in March 2021. Demand for detached homes in smaller areas increased during the pandemic due to historically low lending rates and a need for more space. However, low mortgage rates and rapid population increase drive a high demand for new homes. Residential building investment increased for 11 consecutive months in March 2021, up 7.6% to CAD 14.0 billion (USD 10.99 billion). The region's LED market is expanding due to the rise in construction activities.
- Electricity demand in the commercial sector tends to be around 8-10 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 7 to 9 hours. The demand for illumination is also rising as there are more roads and highways across the US. In the US, public highway and street building cost an average of USD 89.4 billion per month on average in 2017 and USD 99.9 billion per month on average in 2021. As a result, communities are spending more money to upgrade or replace their old street lighting infrastructure, encouraging the use of LEDs.
- The Canadian government has launched several programs to cut down on the amount of energy used for lighting, including ENERGY STAR in Canada. Furthermore, in March 2021, the Canadian city of Laval approved a plan to upgrade 37,000 lamps to LED luminaires with smart controls. The switch to LED lighting is anticipated to save USD 2.75 million annually. The adoption of LEDs in the area is facilitated by these efforts.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Government initiatives to expand EV industry will boost the LED market.
- Increasing government initiatives to promote adoption of LED lights
- Investment by agri-tech companies and initiatives by the government to support the growth of the LED lighting market
- 62% of builders are using incentives to get buyers for residential housing and investment in commercial spaces to increase the growth of LED lights
- Increasing subsidies for using energy-efficient equipment to drive the growth of LED lighting
North America Indoor LED Lighting Industry Overview
The North America Indoor LED Lighting Market is fairly consolidated, with the top five companies occupying 74.47%. The major players in this market are ACUITY BRANDS INC., Current Lighting Solutions LLC, LEDVANCE GmbH (MLS Co. Ltd), Panasonic Holdings Corporation and Signify (Philips) (sorted alphabetically).
North America Indoor LED Lighting Market Leaders
ACUITY BRANDS INC.
Current Lighting Solutions LLC
LEDVANCE GmbH (MLS Co. Ltd)
Panasonic Holdings Corporation
Signify (Philips)
Other important companies include Cree LED (SMART Global Holdings Inc.), Dialight, EGLO Leuchten GmbH, Feit Electric Company Inc., NVC International Holdings Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Indoor LED Lighting Market News
- April 2023: Luminis, a recognized innovator, and manufacturer of specification-grade lighting systems, has developed the inline series of external luminaires. With various heights and lighting module options, inline bollards and columns elevate outside areas.
- April 2023: Luminaire LED, a recognized leader in vandal-resistant lighting systems, announced the launch of its Vandal Resistant Downlight (VRDL) line, the company's first downlight. The architecturally designed series has a clean, elegant style while also being able to withstand hard abuse and demanding situations.
- March 2023: Cree LED has introduced its J Series 5050C E Class LEDs, which have the best efficacy for high-power LEDs: 228 lumens per watt (LPW), typical at 4000K, 70 CRI, and 1W. At the same efficacy level, the new J Series LEDs produce up to three times the light output of competitive 5050 LEDs.
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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.
North America 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 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 Country
- 5.2.1 United States
- 5.2.2 Rest of North 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 Cree LED (SMART Global Holdings Inc.)
- 6.4.3 Current Lighting Solutions LLC
- 6.4.4 Dialight
- 6.4.5 EGLO Leuchten GmbH
- 6.4.6 Feit Electric Company Inc.
- 6.4.7 LEDVANCE GmbH (MLS Co. Ltd)
- 6.4.8 NVC International Holdings Limited
- 6.4.9 Panasonic Holdings Corporation
- 6.4.10 Signify (Philips)
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, NORTH AMERICA, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, NORTH AMERICA, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, NORTH AMERICA, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, NORTH AMERICA, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, NORTH AMERICA, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, NORTH AMERICA, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, NORTH AMERICA, 2017 - 2030
- Figure 8:
- VOLUME SALES OF NORTH AMERICA INDOOR LED LIGHTING MARKET, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 9:
- VALUE SALES OF NORTH AMERICA INDOOR LED LIGHTING MARKET, USD, NORTH AMERICA, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, NORTH AMERICA, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, NORTH AMERICA, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, NORTH AMERICA, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, NORTH AMERICA, 2017 - 2030
- Figure 16:
- VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, NORTH AMERICA, 2022 VS 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, NORTH AMERICA, 2017 - 2030
- Figure 19:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, NORTH AMERICA, 2017 - 2030
- Figure 20:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, NORTH AMERICA, 2017 - 2030
- Figure 21:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 22:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, NORTH AMERICA, 2017 - 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, NORTH AMERICA, 2017 - 2030
- Figure 25:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 26:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, NORTH AMERICA, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, NORTH AMERICA, 2017 - 2030
- Figure 29:
- VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, NORTH AMERICA, 2022 VS 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, NORTH AMERICA, 2017 - 2030
- Figure 32:
- VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, NORTH AMERICA, 2022 VS 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES BY COUNTRY, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
- Figure 35:
- VALUE SHARE OF LED FIXTURES BY COUNTRY, %, NORTH AMERICA, 2017 - 2030
- Figure 36:
- VOLUME SHARE OF LED FIXTURES BY COUNTRY, %, NORTH AMERICA, 2017 - 2030
- Figure 37:
- VOLUME SALES OF LED FIXTURES IN UNITED STATES, NUMBER, UNITED STATES, 2017 - 2030
- Figure 38:
- VALUE SALES OF LED FIXTURES IN UNITED STATES, USD, UNITED STATES, 2017 - 2030
- Figure 39:
- VOLUME SALES OF LED FIXTURES IN REST OF NORTH AMERICA, NUMBER, REST OF NORTH AMERICA, 2017 - 2030
- Figure 40:
- VALUE SALES OF LED FIXTURES IN REST OF NORTH AMERICA, USD, REST OF NORTH AMERICA, 2017 - 2030
- Figure 41:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2017 - 2030
- Figure 42:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2017 - 2030
- Figure 43:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Indoor LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. United States are covered as segments by Country.
- In terms of value, in 2023, commercial accounted for the majority of the share, followed by residential, industrial and warehouse (I&W), and agricultural. The market share is expected to gain in I&W and a small reduction in the remaining divisions in years. The US industries faced several internal and external headwinds, such as weak domestic consumption, semiconductor crunch, plant closures, and supply chain disruptions caused by the surge of COVID-19. Further, the United States sustained its 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.
- In the United States, industrial production grew by 0.2% Y-o-Y in May 2023, after an upwardly revised rise of 0.4% in April 2023. Mining went up by 5%, utilities dropped by 3.8%, and manufacturing fell by 0.3%. Mexico produced a total of USD 230.07 billion, an increase of manufacturing output of 21.44% compared to 2020. Thus, the growing industrial production in this region is expected to create more demand for Indoor lighting in the coming years.
- The Canadian commercial real estate sector has been facing increasing market volatility since the middle of 2022. The financial, technology, and life sciences sectors are the drivers of demand for office space, with leasing rates increasing compared to 2021. Employment gains were registered in the construction, warehouse, and other sectors. In December 2022, 104 thousand jobs were added in Canada. The availability of national offices in Q4 of 2022 and accounted for 16.5%, which was higher than in Q3 of 2022 and Q4 of 2021. These instances are expected to create more demand for office spaces in the near future, which will result in creating more need for indoor lighting products.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential | ||
| Country | United States | |
| Rest of North 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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