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United States LED Downlight Market Size, Share, Growth: By Product Type: Lamps, Luminaires; By Application: Indoor, Outdoor; By Distribution Channel: Direct Sales, Retail; By End Use: Residential, Industrial, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
United States LED Downlight Market Outlook
The United States LED downlight market size reached approximately USD 4.86 billion in 2023. The market is estimated to grow at a CAGR of 7.2% in the forecast period of 2024-2032, reaching a value of around USD 9.13 billion by 2032.
Key Trends in the Market
LED downlight is a light fixture which can be embedded into the hollow opening of the ceiling for general or focused illumination purposes. It is energy efficient, boasts a long lifespan, and is primarily installed in houses, offices, and other enclosed spaces.
- Increased integration of smart LED downlights, which offer lighting control through smart home systems such as Amazon Alexa and Google Assistant as well as smartphone apps to promote energy savings, is one of the key United States LED downlight market trends.
- Growing usage of LED downlights as task lighting to provide focused lighting for tasks such as cooking, reading, and writing is another crucial trend aiding the market expansion.
- With the rising trend of human-centric lighting in the country, LED downlight providers are offering products that can adjust the lighting colour and ambience level according to the environment. For instance, LED downlights for a work environment offer different illumination settings when compared to those in staircases or corridors.
- Strategic initiatives by market players such as the launch of innovative downlights also contribute to the United States LED downlight market growth. For example, in September 2022, Leviton, an electrical lighting company, introduced a new range of LED downlights with sensors that can change its built-in light through motion detection.
Market Analysis
Based on product type, the market is bifurcated into lamps and luminaires. On the basis of application, the market is classified into indoor and outdoor. Based on distribution channel, the market is divided into direct sales and retail.
The United States LED downlight market segmentation, on the basis of end use, includes residential, industrial, and commercial. The major regional markets of LED downlight in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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. The report gives a detailed analysis of the following key players in the United States LED downlight market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Savant Systems, Inc.
- Signify N.V.
- Acuity Brands, Inc.
- Cree Lighting USA LLC
- Eaton Corp.
- NICHIA Corporation
- Hubbell Incorporated
- Feit Electric Company, Inc.
- Bridgelux, Inc.
- US LED, Ltd.
- Others
Market Share by Application
Indoor applications of LED downlights occupy a significant portion of the United States LED downlight market share, due to their growing usage for general lighting purposes in residential and commercial areas in the country. These lighting systems are also gaining prominence as an accent lighting solution for highlighting an architectural structure or artwork.
With the rising trend of minimalistic design in houses, LED downlights have emerged as a prominent component of the interior design solution. Additionally, the outdoor applications of LED downlights are expected to grow in the forecast period, due to their growing utilisation as a porch or seating area lighting.
Market Share by End Use
As per the United States LED downlight market analysis, the residential sector accounts for a substantial share of the US market due to the shift in homeowners’ preference from traditional lights to LED downlights as they offer better energy savings and lower utility bills. Due to the surge in refurbishment and renovation of household projects, the demand for LED downlights has further witnessed an upward trend.
Meanwhile, the commercial sector is anticipated to foresee robust growth in the coming years, due to the rising installation of LED downlights in offices, retail stores, and restaurants for providing long-lasting solutions.
Competitive Landscape
Savant Systems, Inc., incorporated in 2005, is a home automation company, with its headquarters in Massachusetts, the United States. The company offers integrated lighting solutions, entertainment, and security solutions that are tailor-made for luxurious homes.
Signify N.V., previously known as Philips Lighting N.V., was founded in 2016 and is a multinational provider of lighting systems. The company, based in Eindhoven, the Netherlands, is well known for its comprehensive range of lighting brands such as Philips, Interact, Philips Dynalite, and Color Kinetics, among others.
Acuity Brands, Inc., established in 1892 and headquartered in Atlanta, the United States, is a multinational lighting and building company. Its product range includes DMX networking and controls, horticulture lighting, lighting controls, and other components.
Other United States LED downlight market players include Cree Lighting USA LLC, Eaton Corp., NICHIA Corporation, Hubbell Incorporated, Feit Electric Company, Inc., Bridgelux, Inc., and US LED, Ltd., among 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 Product Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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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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*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
7 Opportunities and Challenges in the Market
8 North America LED Downlight Market Overview
8.1 Key Industry Highlights
8.2 North America LED Downlight Historical Market (2018-2023)
8.3 North America LED Downlight Market Forecast (2024-2032)
8.4 North America LED Downlight Market Breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States LED Downlight Market Overview
9.1 Key Industry Highlights
9.2 United States LED Downlight Historical Market (2018-2023)
9.3 United States LED Downlight Market Forecast (2024-2032)
10 United States LED Downlight Market by Product Type
10.1 Lamps
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Luminaires
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 United States LED Downlight Market by Application
11.1 Indoor
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Outdoor
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States LED Downlight 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
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 United States LED Downlight Market by End Use
13.1 Residential
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Industrial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Commercial
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 United States LED Downlight Market by Region
14.1 New England
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Mideast
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Great Lakes
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Plains
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Southeast
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Southwest
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Rocky Mountain
14.7.1 Historical Trend (2018-2023)
14.7.2 Forecast Trend (2024-2032)
14.8 Far West
14.8.1 Historical Trend (2018-2023)
14.8.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Savant Systems, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Signify N.V.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Acuity Brands, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cree Lighting USA LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Eaton Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 NICHIA Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hubbell Incorporated
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Feit Electric Company, Inc.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Bridgelux, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 US LED, Ltd.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America LED Downlight Market: Key Industry Highlights, 2018 and 2032
2. United States LED Downlight Market: Key Industry Highlights, 2018 and 2032
3. United States LED Downlight Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. United States LED Downlight Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. United States LED Downlight Historical Market: Breakup by Application (USD Billion), 2018-2023
6. United States LED Downlight Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. United States LED Downlight Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. United States LED Downlight Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. United States LED Downlight Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. United States LED Downlight Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. United States LED Downlight Historical Market: Breakup by Region (USD Billion), 2018-2023
12. United States LED Downlight Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. United States LED Downlight Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.86 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 9.13 billion by 2032.
The major market drivers are the growing demand for energy-efficient lighting solutions and a rise in retrofitting projects in residential and commercial sectors.
The key trends of the market include increasing demand for smart LED downlights, growing usage of LED downlights as task lighting, rising trend of human-centric lighting, and strategic initiatives by market players to develop innovative lighting solutions.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
Different product types are lamps and luminaires.
The key players in the market are Savant Systems, Inc., Signify N.V., Acuity Brands, Inc., Cree Lighting USA LLC, Eaton Corp., NICHIA Corporation, Hubbell Incorporated, Feit Electric Company, Inc., Bridgelux, Inc., and US LED, Ltd., among others.
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