UK Indoor LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 578.00 Million |
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Market Size (2030) | USD 665.63 Million |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 2.38 % |
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Fastest Growing by Indoor Lighting | Agricultural Lighting |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Indoor LED Lighting Market Analysis
The UK Indoor LED Lighting Market size is estimated at 578.00 million USD in 2024, and is expected to reach 665.63 million USD by 2030, growing at a CAGR of 2.38% during the forecast period (2024-2030).
578.00 Million
Market Size in 2024 (USD)
665.63 Million
Market Size in 2030 (USD)
-0.57 %
CAGR (2017-2023)
2.38 %
CAGR (2024-2030)
Largest Segment by Indoor Lighting
46.85 %
value share, Industrial and Warehouse, 2023
The United Kingdom experienced an export boom led by the increased demand for new warehouses. In 2022, there was an increase of 900,000 square meters of warehouse space.
Largest Segment by Commercial
48.51 %
value share, Retail, 2023
In 2019, retail sales in the UK were worth GBP 439 billion. The increase in online retail stores corresponded to the increase in the revenue of the retail industry in the UK.
Fastest-growing Segment by Indoor Lighting
2.95 %
Projected CAGR, Agricultural Lighting, 2024-2030
The increasing urban population in the United Kingdom is generating demand for smart cities. The urban population increased from 84.1% in 2021 to 84.4% in 2022.
Fastest-growing Segment by Commercial
2.28 %
Projected CAGR, Retail, 2024-2030
Retailers are opening new stores to achieve maximum visibility for customers and expand the retail market in the United Kingdom with over 300,000 separate businesses.
Leading Market Player
17.81 %
market share, Signify (Philips), 2022
Signify Philips holds the largest market share individually. The company primarily focuses on innovations based on an energy-efficient portfolio, leading to major brand value recognition.
The growing industrial production and investments in technology startups driving the market’s growth
- In terms of value share, in 2023, the industrial and warehouse (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
- New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
- As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting.
- In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over the coming years.
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UK Indoor LED Lighting Market Trends
Increasing per capita income and the government policy to roll out the use of energy-efficient lighting may boost use of LEDs
- In 2022, the number of UK families was projected to reach 19.4 million, an increase of 5.7% from 18.4 million in 2012. The expected number of households in the United Kingdom in 2022 was 28.2 million, 6.1% more than that in 2012 (26.6 million). Thus, the increasing number of families and households may create more demand for LEDs in the country. During 2021-2022, there were 15.6 million owner-occupied households, representing 64% of all households in the country. This percentage increased from 63% during 2016-2017 but remained constant during 2020-2021. It has been consistent throughout the past 10 years.
- The disposable income in the United Kingdom is high, resulting in rising spending power of individuals and more spending on new residential spaces. The country's per capita income reached USD 33,138.0 in December 2022 compared to USD 36,516.3 in December 2021. Compared to some developed nations, the United Kingdom had high purchasing power in 2021, even though per capita income decreased compared to the previous year. For instance, in Brazil, it was USD 7732.4, while in France, it was USD 25,337.7 as of 2021. Housing starts in the country decreased to 39,220 units in Q4 2022 from 43,140 units in Q3 2022. Even though housing projects declined, the demand for LEDs existed. However, it was less in the residential segment compared to previous quarters. The government announced the launch of a consultation on a new energy-efficient lighting proposal. Under this proposal, lighting such as low energy-use LEDs will be rolled out to replace old halogen bulbs, which could save households between GBP 2,000 (USD 2523.76) and GBP 3,000 (USD 3785.64) over the lifetime of the bulbs. Such instances are further expected to boost the demand for LED lighting in the country in the future.
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High growth rates for new house purchases and the phasing out of halogen lights may drive the growth of LED lights
- In 2018, domestic buildings in the United Kingdom were responsible for about 29.5% of energy consumption. In 2020, the pandemic negatively impacted the UK construction market, with overall output decreasing by 40% Y-o-Y. However, in 2021, positive growth rates were registered compared to 2020. More new homes were built in 2021 in every region outside London, with growth rates in the Northeast, East Midlands, and Eastern regions reaching above 45%. Consequently, the rise in construction indicates more houses and buildings being built, thus increasing the demand for LEDs.
- Electricity demand in the commercial sector tends to be around 8-10 hours, while electricity use in the industrial sector does not fluctuate throughout the day or year. Electricity demand in the residential sector varies for about 7-9 hours. Adjustments were made to the nation's general lighting policy in accordance with how well London's lighting system functioned in 2018. While hallway lights have been lowered or removed to lessen spill into resident residences, a restored public space is illuminated. A project started by the community to illuminate old structures. Bridges now have new illumination as part of Illuminated River, a project that uses LED lighting. Such initiatives are boosting the market for LED lights.
- The UK government implemented the "Green Home Grant Scheme," which encourages English citizens to choose LED lighting over traditional lighting fixtures. The UK government began the phase-out of halogen light bulbs in 2021 after outlawing the use of incandescent lightbulbs. A 1.26 million tonne reduction in carbon emissions annually is the goal of the legislation. Many people will likely switch to LED lighting solutions once incandescent and halogen light bulbs are completely phased out.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- An increase in residential real estate may drive the growth of the LED market
- Government programs to promote the use of energy-efficient lighting and increase EV production to promote the use of LED lights
- The market is driven by increasing homegrown vegetables, technology advancements, and incorporation of LED lights to grow crops
- High car ownership and the purchase of commercial property may drive the growth of the LED market
- Replacement of conventional lights and supportive government schemes to aid the use of LED lights and drive market growth
UK Indoor LED Lighting Industry Overview
The UK Indoor LED Lighting Market is moderately consolidated, with the top five companies occupying 45.54%. The major players in this market are LEDVANCE GmbH (MLS Co. Ltd), NVC International Holdings Limited, Signify (Philips), Thorlux Lighting (FW Thorpe PLC) and Thorn Lighting Ltd (Zumtobel Group) (sorted alphabetically).
UK Indoor LED Lighting Market Leaders
LEDVANCE GmbH (MLS Co. Ltd)
NVC International Holdings Limited
Signify (Philips)
Thorlux Lighting (FW Thorpe PLC)
Thorn Lighting Ltd (Zumtobel Group)
Other important companies include Acuity Brands Inc., Crompton Lamps Limited (GCH Corporation Limited), EGLO Leuchten GmbH, Feilo Sylvania (Shanghai Feilo Acoustics Co. Ltd), OSRAM GmbH.
*Disclaimer: Major Players sorted in alphabetical order.
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UK Indoor LED Lighting Market News
- 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: Aculux, a precision luminaire manufacturer, has announced 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.
- January 2023: Juno displayed RetroBasicsTM LED Trim Kits, which contain both switchable and smart downlights to mix and match in residential and light commercial settings, at the NAHB International Builders Show (IBS) in Acuity Brands Booth W2974 from January 31 to February 2.
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.
UK 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 Kingdom
- 4.9 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Indoor Lighting
- 5.1.1 Agricultural Lighting
- 5.1.2 Commercial
- 5.1.2.1 Office
- 5.1.2.2 Retail
- 5.1.2.3 Others
- 5.1.3 Industrial and Warehouse
- 5.1.4 Residential
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 Crompton Lamps Limited (GCH Corporation Limited)
- 6.4.3 EGLO Leuchten GmbH
- 6.4.4 Feilo Sylvania (Shanghai Feilo Acoustics Co. Ltd)
- 6.4.5 LEDVANCE GmbH (MLS Co. Ltd)
- 6.4.6 NVC International Holdings Limited
- 6.4.7 OSRAM GmbH
- 6.4.8 Signify (Philips)
- 6.4.9 Thorlux Lighting (FW Thorpe PLC)
- 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, UNITED KINGDOM, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, UNITED KINGDOM, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, UNITED KINGDOM, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, UNITED KINGDOM, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, UNITED KINGDOM, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, UNITED KINGDOM, 2017 - 2030
- Figure 7:
- HORTICULTURE AREA, HECTARE, UNITED KINGDOM, 2017 - 2030
- Figure 8:
- VOLUME SALES OF UK INDOOR LED LIGHTING MARKET, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 9:
- VALUE SALES OF UK INDOOR LED LIGHTING MARKET, USD, UNITED KINGDOM, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, UNITED KINGDOM, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, UNITED KINGDOM, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, UNITED KINGDOM, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, UNITED KINGDOM, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, UNITED KINGDOM, 2017 - 2030
- Figure 18:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, UNITED KINGDOM, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, UNITED KINGDOM, 2017 - 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, UNITED KINGDOM, 2017 - 2030
- Figure 22:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 23:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, UNITED KINGDOM, 2017 - 2030
- Figure 24:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 25:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, UNITED KINGDOM, 2017 - 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, UNITED KINGDOM, 2017 - 2030
- Figure 28:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, UNITED KINGDOM, 2017 - 2030
- Figure 29:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, UNITED KINGDOM, 2017 - 2030
- Figure 30:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, UNITED KINGDOM, 2017 - 2030
- Figure 31:
- MOST ADOPTED STRATEGIES, COUNT, UNITED KINGDOM, 2017 - 2030
- Figure 32:
- VALUE SHARE OF MAJOR PLAYERS, %, UNITED KINGDOM, 2022
UK 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 (I&W) segment accounted for the highest market share (46.8%), followed by commercial (33.8%), residential (19.2 %), and agricultural. The market share of the I&W and residential segments is expected to grow in the coming years. UK industries faced several internal and external headwinds, such as chip crunch, plant closures, and supply chain disruptions during the COVID-19 pandemic. However, the country sustained its industrial production in 2021 and produced a total of USD 274.87 billion, a 16.57% increase over 2020. Thus, the growing industrial production will generate demand for indoor lighting in the coming years.
- New technologies such as EVs, as well as autonomous and connected technology, are supported by the government, which is a major boost to the industry. These will continue to boost the demand for indoor LEDs during the study period. In April 2023, Jaguar Land Rover announced plans to invest billions over the next five years in its UK manufacturing plants to ramp up EV and flexible production.
- As the cost-of-living crisis continued to worsen, UK retail sales declined at a slower pace in May 2023. Retail sales rose by 0.3% in May 2023 after growing by 0.5% in the previous month. The rapid increase in online shoppers is expected to boost new warehouses in the country, resulting in more demand for indoor lighting.
- In the UK, technology startups have recorded a remarkable growth rate. In 2021 alone, USD 24.10 billion worth of announced equity deals were raised by UK technology startups, compared to USD 10.80 billion in 2020, a massive 123% surge. Such developments boost the demand in the commercial segment. These factors are expected to generate more demand for indoor LEDs over 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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