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North America Commercial LED Lighting Market Size, Forecast: By Type: Troffers, Downlights, High Bay, Track Lights, Suspended Pendants, Others; By Application: Retail Stores, Office, Hospitality Sector, Architectural Sector, Others; By Distribution Channel: Direct Sales, Retail/Wholesale; Regional Analysis; Competitive Landscape; 2024-2032
North America Commercial LED Lighting Market Outlook
The North America commercial LED lighting market size was valued at USD 7.70 billion in 2023. The market is further projected to grow at a CAGR of 8.0% between 2024 and 2032, reaching a value of USD 15.80 billion by 2032.
Key Takeaways
- LED lights are highly energy efficient and consume up to 75% less power than traditional incandescent bulbs.
- Compared to conventional incandescent bulbs, LED lights have a long lifespan lasting up to 25 times longer.
- There is a growing demand for smart LED lighting that can be controlled via mobile applications or connected to other smart devices.
According to the North America commercial LED lighting market analysis, the demand for commercial LED lighting is rising in offices, malls, businesses, government buildings, and restaurants. These lights are available in types, such as tube lights, troffer lights, high and low bay lights, vapour tight lights, and flood lights. The demand for LED lighting is driven by its various benefits such as energy efficiency, longevity, cost-effectiveness, and environmental sustainability.
Compared to conventional incandescent bulbs, LED lights require less maintenance and replacement costs and have a longer life resulting in less waste going to landfills. LED lighting can save businesses thousands of dollars due to reduced energy bills and fewer replacements. Further, according to Natural Resources Canada, ENERGY STAR-certified LEDs are up to 90% more efficient compared to incandescent bulbs.
Commercial buildings in Canada consume around 30% of the country's total energy, with a considerable portion being attributed to lighting, heating, cooling, and ventilation systems. As a result, the Canadian government offers rebates to help offset the costs of switching to LED lighting for businesses and enhance their energy efficiency, impacting the North America commercial LED lighting market growth. The United States government is extensively promoting the adoption of energy-efficient LED lighting by enhancing its procurement practices and expenditure on LED lights. The federal government gets its energy-efficient light supplies from the General Service Administration (GSA).
Market Segmentation
North America Commercial LED Lighting Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
- Troffers
- Downlights
- High Bay
- Track Lights
- Suspended Pendants
- Others
Market Breakup by Application
- Retail Stores
- Office
- Hospitality Sector
- Architectural Sector
- Others
Market Breakup by Distribution Channel
- Direct Sales
- Retail/Wholesale
Market Breakup by Country
- United States of America
- Canada
Competitive Landscape
The key players in the commercial LED lighting market in North America are producing high-quality commercial LED Lighting products to meet the consumer’s needs for energy efficiency.
- Cree Lighting USA LLC
- Votatec Group Corp.
- OSRAM GmbH
- Acuity Brands, Inc.
- Constellation Lighting U.S
- Signify Holding Inc.
- Technical Consumer Products, Inc.
- Nora Lighting
- Cooper Lighting, LLC
- Eaton Corporation PLC
- Others
Key Highlights of the Report
| 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 Application |
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| Breakup by Distribution Channel |
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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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Commercial LED Lighting Market Overview
8.1 Key Industry Highlights
8.2 Global Commercial LED Lighting Historical Market (2018-2023)
8.3 Global Commercial LED Lighting Market Forecast (2024-2032)
8.4 Global Commercial LED Lighting Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Commercial LED Lighting Market Overview
9.1 Key Industry Highlights
9.2 North America Commercial LED Lighting Historical Market (2018-2023)
9.3 North America Commercial LED Lighting Market Forecast (2024-2032)
10 North America Commercial LED Lighting Market by Type
10.1 Troffers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Downlights
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 High Bay
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Track Lights
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Suspended Pendants
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 North America Commercial LED Lighting Market by Application
11.1 Retail Stores
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Office
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Hospitality Sector
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Architectural Sector
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Commercial LED Lighting Market by Distribution Channel
12.1 Direct Sales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Retail/Wholesale
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Commercial LED Lighting Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cree Lighting USA LLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Votatec Group Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 OSRAM GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Acuity Brands, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Constellation Lighting U.S
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Signify Holding Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Technical Consumer Products, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nora Lighting
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cooper Lighting, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Eaton Corporation PLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial LED Lighting Market: Key Industry Highlights, 2018 and 2032
2. North America Commercial LED Lighting Market: Key Industry Highlights, 2018 and 2032
3. North America Commercial LED Lighting Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Commercial LED Lighting Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Commercial LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
6. North America Commercial LED Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. North America Commercial LED Lighting Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. North America Commercial LED Lighting Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. North America Commercial LED Lighting Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Commercial LED Lighting Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Commercial LED Lighting Market Structure
Key Questions Answered in the Report
In 2023, the commercial LED Lighting market reached an approximate value of USD 7.70 billion.
The market is expected to grow at a CAGR of 8.0% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 15.80 billion by 2032.
Commercial lighting is the lighting integrated into commercial spaces, including offices, stores, institutions, and government buildings.
Since commercial spaces need to illuminate large areas, LED lighting provides owners with huge financial savings and environmental benefits owing to its energy efficiency.
The major drivers of the market include a growing commercial sector, demand for energy-efficient lighting, and advancement in LED lighting technology.
Key trends aiding market expansion include extensive research and development to advance commercial LED Lighting products, governmental support, and a rising focus on environmental sustainability.
Major countries in the market are the United States of America and Canada.
The common types of commercial LED lighting are troffers, downlights, high bay, track lights, and suspended pendants, among others.
The key market players include Cree Lighting USA LLC, Votatec Group Corp., OSRAM GmbH, Acuity Brands, Inc., Constellation Lighting U.S, Signify Holding Inc., Technical Consumer Products, Inc., Nora Lighting, Cooper Lighting, LLC, and Eaton Corporation PLC, among others.
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