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North America Downlight Market: By Application: Residential, Commercial, Industrial; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments
North America Downlight Market Outlook
The North America downlight market stood at a value of around USD 4.7 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 9.10% to reach USD 7.9 billion by 2027.
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Increasing Product Demand in Commercial Applications to Bolster the Downlight Industry Growth in North America
The rising utilisation of downlights in commercial structures is likely to be a major factor driving the segment growth. Commercial outlets including restaurants, hotels, pubs, libraries, theatres, malls, and retail outlets, among others are widely adopting these lighting solutions owing to their benefits including reduced maintenance costs, long lasting nature, and enhanced brightness. In addition to this, the growing adoption of LED downlights owing to their energy-efficient properties and improved electrical safety is anticipated to boost the product demand in the forecast period. Furthermore, the rising investments in commercial construction projects are likely to provide impetus to the market in the forecast period.
The United States Accounts for a Significant Share in the Market
The market in the United States is being driven by the expansion of the industrial sector in the country owing to the technological advancements in various industries such as IT and telecom, automotive, and aerospace and defence, among others. In addition to this, the increasing inclination of consumers to achieve greater cost savings is anticipated to propel the market growth in the country in the forecast period. Moreover, the rapid development of commercial structures in the country such as shopping malls, restaurants, hotels, and bars is likely to boost the demand for downlights.
Downlights: Market Segmentation
Downlights are defined as the type of lights which are installed in the surrounding ceilings of various rooms in a house such as small room, bedroom, master-bedroom, living room, and study room, among others. Downlights are usually powered by an LED and are versatile and excellent for multitude of uses throughout the living area.
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Based on application, the market can be segmented into:
- Residential
- Commercial
- Industrial
Among these, the commercial segment can be further divided based on type into retail, hospitality, and offices, among others.
The regional markets for the product include the United States and Canada.
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Rising Demand for Downlights from Various End Use Industries to Boost the Growth of the North America Downlight Industry
Downlights can withstand external shocks and vibrations, can bolster the comfort of the occupants, boost the aesthetic appeal of the interior of the structure, and are great for outdoor lighting systems. These advantages of downlights are likely to drive the market in the forecast period. Meanwhile, the thriving residential construction sector, owing to the increasing population, rising disposable income, and rapid urbanisation, is anticipated to provide impetus to the market in North America. Moreover, downlights consume around 85% less energy compared to traditional halogen or traditional bulbs and help save up to 30% energy compared to CFL lights. Hence, the increasing awareness pertaining to the energy conservation characteristic of the product is likely to aid the market in the forecast period. Furthermore, the increased inclination towards home décor because of the emerging work-from-home culture due to the COVID-19 pandemic is expected to augment the demand for downlights in residential structures in the forecast period.
Key Industry Players in the North America Downlight Market
The report gives a detailed analysis of the following key players in the North America downlight market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Signify Holding
- Cree Lighting
- Acuity Brands Lighting, Inc.
- OSRAM GmbH
- Liteline Corporation
- GE Current
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Country |
| Breakup by Application | Residential, Commercial, Industrial |
| Breakup by Country | United States, Canada |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, GE Current, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
6.1 North America
7 Opportunities and Challenges in the Market
8 Global Downlight Market Overview
8.1 Key Industry Highlights
8.2 Global Downlight Historical Market (2018-2022)
8.3 Global Downlight Market Forecast (2023-2028)
8.4 Global Downlight Market 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 Downlight Market Analysis
9.1 Key Industry Highlights
9.2 North America Downlight Historical Market (2018-2022)
9.3 North America Downlight Market Forecast (2023-2028)
9.4 North America Downlight Market by Application
9.4.1 Residential
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Commercial
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.2.3 Breakup by Type
9.4.2.3.1 Retail
9.4.2.3.2 Hospitality
9.4.2.3.3 Offices
9.4.2.3.4 Others
9.4.3 Industrial
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.5 North America Downlight Market by Country
9.5.1 United States
9.5.2 Canada
10 Regional Analysis
10.1 United States
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Application
10.1.3.1 Residential
10.1.3.2 Commercial
10.1.3.3 Industrial
10.2 Canada
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Application
10.2.3.1 Residential
10.2.3.2 Commercial
10.2.3.3 Industrial
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Signify Holding
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Cree Lighting
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Acuity Brands Lighting, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 OSRAM GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Liteline Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 GE Current
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Downlight Market: Key Industry Highlights, 2018 and 2028
2. North America Downlight Market: Key Industry Highlights, 2018 and 2028
3. North America Downlight Historical Market: Breakup by Application (USD Billion), 2018-2022
4. North America Downlight Market Forecast: Breakup by Application (USD Billion), 2023-2028
5. North America Downlight Historical Market: Breakup by Country (USD Billion), 2018-2022
6. North America Downlight Market Forecast: Breakup by Country (USD Billion), 2023-2028
7. North America Downlight Market Structure
Key Questions Answered in the Report
In 2021, the North America downlight market attained a value of nearly USD 4.7 billion.
The market is estimated to grow at a CAGR of 9.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 7.9 billion by 2027.
The major drivers of the market include the flourishing building and construction industry, growing inclination of residents towards home décor, rapid expansion of the industrial sector, and the growing adoption of downlights in various end use industries.
The growing R&D activities by the major players and the growing demand for LED based lighting solutions are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are the United States and Canada.
Residential, commercial, and industrial are the different applications of the product.
The major players in the industry are Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, and GE Current, among others.
Analyst Review
The North America downlight market attained a value of USD 4.7 billion by 2021, driven by the thriving building and construction industry and rapid urbanisation. Aided by the rising investments towards urban housing designs and the rising demand for energy-efficient lighting solutions, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.10%. The market is estimated to reach a value of USD 7.9 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is divided into residential, commercial, and industrial. Among these, the commercial segment can be further divided based on type into retail, hospitality, and offices, among others. The major regional markets for downlight in North America are the United States and Canada. The key players in the above market include Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, and GE Current, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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