Press Release
Press Release
LED lighting offers environmental benefits like lower greenhouse gas emissions and reduced electricity consumption, making them preferable over traditional options. Government programs like New York's Smart Street Lighting NY program and the Solid-State Lighting Program by the US Department of Energy are accelerating the adoption of LED technologies, thus contributing to the United States LED lighting market development. In addition, advancements such as smart bulbs, human-centric LED lighting, IoT, and LiFi are expected to aid the market growth in the coming years.
According to industrial reports, 51.4% of the outdoor lights used are LED lights in the USA. Further, installations for indoor applications are relatively low, accounting for 29.8% of the overall indoor lighting.
In September 2023, US LED Inc. launched the Right Choice Series of outdoor LED luminaires, offering high performance and value. The LED light offers proprietary optics and adjustable colour temperature; these fixtures are designed to cater to various project requirements while enhancing aesthetics and functionality. The sleek design, die-cast housing, and rotatable optics ensure durability and aesthetics of the product. Contractor-friendly mounting options and additional accessories further enhance versatility, making it an ideal solution for any outdoor lighting project.
In June 2023, Koninklijke Philips N.V. (NYSE: PHG) launched a series of LED lights tailored for outdoor settings like gardens, boasting durability and energy efficiency in diverse weather conditions. Apart from lowering energy usage, they deliver cost savings and straightforward installation, guaranteeing users a hassle-free experience while offering dependable and environmentally friendly outdoor lighting solutions.
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The major players in the United States LED lighting market are Signify S.A, ams-OSRAM AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., SMART Global Holdings, Inc., GE Lighting, Inc., and Hubbell Incorporated, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Technology |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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