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United States LED Lighting Market: By Type: Panel Lighting, Down Lighting, Flood Lighting, Street Lighting, Tube Lighting, Bulbs; By Technology: Smart LED Lighting, Others; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
United States LED Lighting Market Outlook
The United States LED lighting market reached a value of about USD 7.2 billion in 2020. The industry is further expected to grow at a CAGR of about 9.3% in the forecast period of 2023-2028.
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Industrial Usage Leading the LED Lighting Market
The United States of America has been a significant market in the global LED lighting market. LED lights offer greater brightness for the same electricity consumption, making them a considerably economic alternative as compared to incandescent bulbs and tube lights, leading to a consistent rise in its demand. Government policies have also encouraged more companies across the United States to adopt these. Owing to government regulations about sufficient illumination at workplaces, industries usually dominate the market for LED lights. There are few signs of a monopoly in this market, since most major companies have chosen to expand their consumer base in foreign countries, like in the Asia Pacific which dominates the global market, instead of intensifying sales in the United States.
LED Lighting: Market Segmentation
Light Emitting Diodes (LED) lights are used as illumination sources in different applications. Unlike incandescent filament bulbs or plasma tube lights which work on filament heating and plasma gas excitation respectively, this works on the principle of diode control, mostly made using semiconductors, using electricity. Unlike incandescent bulbs which can burn out instantaneously, LED lights slowly lose their luminous intensity, indicating well in advance that they must be changed. They are seen as more effective in terms of energy consumption, luminous intensity and size as compared to other illumination sources.
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The United States LED lighting market can be differentiated on the basis of type into:
- Panel Lighting
- Down Lighting
- Flood Lighting
- Street Lighting
- Tube Lighting
- Bulbs
- Others
The market can be segmented on the basis of technology into:
- Smart LED Lighting
- Regular LED Lighting
Based on application, the market can be divided into:
- Indoor
- Outdoor
It can be differentiated on the basis of end use into:
- Residential
- Commercial
- Industrial
- Others
The market can be differentiated on the basis of region:
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountains
- Far West
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Improving Quality of LED Lights Bolstering the Market Growth
With a general decline in the prices of LED lights, their sales have increased considerably over the historic period 2018-2022. Since LEDs use less electricity and give brighter light as compared to incandescent lamps, they are a viable option across different fields. Government regulations specify that workplaces have to be adequately illuminated, which is causing offices to switch to LED lights. The market for LED lights is also expected to increase with the rise of complementary sectors like the automobile or the construction industry. With growing environmental awareness, LED lights can be seen as a greener option because they consume lesser energy. However, there are constraints like the lockdowns in the Covid-19 pandemic have caused a dip in the sales, but with dropping rates and vaccination drives, the market is expected to have a resurgence.
Key Industry Players in the American LED Lighting Market
The report gives a detailed analysis of the following key players in the American LED Lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Signify S.A.
- Osram Licht AG
- Eaton Corporation Inc.
- Acuity Brands Lighting, Inc.
- Cree Inc.
- General Electric Company
- Hubbell Incorporated
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- Type, Technology, Application, End Use, Country |
| Breakup by Type | Panel Lighting, Down Lighting, Flood Lighting, Street Lighting, Tube Lighting, Bulbs, Others |
| Breakup by Technology | Smart LED Lighting, Regular LED Lighting |
| Breakup by Application | Indoor, Outdoor |
| Breakup by End Use | Residential, Commercial, Industrial, Others |
| Breakup by Country | New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West |
| 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 S.A., Osram Licht AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., Cree Inc., General Electric Company, Hubbell Incorporated |
| 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 Snapshot
6.1 North America
6.2 United States
7 Opportunities and Challenges in the Market
8 North America LED Lighting Market Analysis
8.1 Key Industry Highlights
8.2 North America LED Lighting Historical Market (2018-2022)
8.3 North America LED Lighting Market Forecast (2021-2025)
8.4 North America LED Lighting Market by Country
8.4.1 Market Share
8.4.1.1 United States
8.4.1.2 Canada
9 United States LED Lighting Market Analysis
9.1 Key Industry Highlights
9.2 United States LED Lighting Historical Market (2018-2022)
9.3 United States LED Lighting Market Forecast (2021-2025)
9.4 United States LED Lighting Market by Type
9.4.1 Panel Lighting
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2021-2025)
9.4.2 Down Lighting
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2021-2025)
9.4.3 Flood Lighting
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2021-2025)
9.4.4 Street Lighting
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2021-2025)
9.4.5 Tube Lighting
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2021-2025)
9.4.6 Bulbs
9.4.6.1 Market Share
9.4.6.2 Historical Trend (2018-2022)
9.4.6.3 Forecast Trend (2021-2025)
9.4.7 Others
9.5 United States LED Lighting Market by Technology
9.5.1 Smart LED Lighting
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2021-2025)
9.5.2 Regular LED Lighting
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2021-2025)
9.6 United States LED Lighting Market by Application
9.6.1 Indoor
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2021-2025)
9.6.2 Outdoor
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2021-2025)
9.7 United States LED Lighting Market by End Use
9.7.1 Residential
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2021-2025)
9.7.2 Commercial
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2021-2025)
9.7.3 Industrial
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2021-2025)
9.7.4 Others
9.8 United States LED Lighting Market by Country
9.8.1 Market Share
9.8.1.1 New England
9.8.1.2 Mideast
9.8.1.3 Great Lakes
9.8.1.4 Plains
9.8.1.5 Southeast
9.8.1.6 Southwest
9.8.1.7 Rocky Mountain
9.8.1.8 Far West
10 Regional Analysis
10.1 New England
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2021-2025)
10.2 Mideast
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2021-2025)
10.3 Great Lakes
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2021-2025)
10.4 Plains
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2021-2025)
10.5 Southeast
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2021-2025)
10.6 Southwest
10.6.1 Historical Trend (2018-2022)
10.6.2 Forecast Trend (2021-2025)
10.7 Rocky Mountain
10.7.1 Historical Trend (2018-2022)
10.7.2 Forecast Trend (2021-2025)
10.8 Far West
10.8.1 Historical Trend (2018-2022)
10.8.2 Forecast Trend (2021-2025)
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 Buyers 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 Comparison of LED’s with Conventional Lighting Technologies
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players Market Share
14.3 Company Profiles
14.3.1 Signify S.A
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Financial Summary
14.3.1.5 Certifications
14.3.2 Osram Licht AG
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Financial Summary
14.3.2.5 Certifications
14.3.3 Eaton Corporation Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Financial Summary
14.3.3.5 Certifications
14.3.4 Acuity Brands Lighting, Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Demographic Reach and Achievements
14.3.4.4 Financial Summary
14.3.4.5 Certifications
14.3.5 Cree Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Demographic Reach and Achievements
14.3.5.4 Financial Summary
14.3.5.5 Certifications
14.3.6 General Electric Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Demographic Reach and Achievements
14.3.6.4 Financial Summary
14.3.6.5 Certifications
14.3.7 Hubbell Incorporated
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Demographic Reach and Achievements
14.3.7.4 Financial Summary
14.3.7.5 Certifications
15 New Technology
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America LED Lighting Market: Key Industry Highlights, 2016 and 2025
2. North America LED Lighting Historical Market: Breakup by Type (USD Billion), 2018-2022
3. North America LED Lighting Market Forecast: Breakup by Type (USD Billion), 2021-2025
4. North America LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2022
5. North America LED Lighting Market Forecast: Breakup by Application (USD Billion), 2021-2025
6. North America LED Lighting Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America LED Lighting Market Forecast: Breakup by Country (USD Billion), 2021-2025
8. United States LED Lighting Market: Key Industry Highlights, 2016 and 2025
9. United States LED Lighting Historical Market: Breakup by Type (USD Billion), 2018-2022
10. United States LED Lighting Market Forecast: Breakup by Type (USD Billion), 2021-2025
11. United States LED Lighting Historical Market: Breakup by Technology (USD Billion), 2018-2022
12. United States LED Lighting Market Forecast: Breakup by Technology (USD Billion), 2021-2025
13. United States LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2022
14. United States LED Lighting Market Forecast: Breakup by Application (USD Billion), 2021-2025
15. United States LED Lighting Historical Market: Breakup by End Use (USD Billion), 2018-2022
16. United States LED Lighting Market Forecast: Breakup by End Use (USD Billion), 2021-2025
17. United States LED Lighting Historical Market: Breakup by Region (USD Billion), 2018-2022
18. United States LED Lighting Market Forecast: Breakup by Region (USD Billion), 2021-2025
19. United States LED Lighting Market Structure
Key Questions Answered in the Report
In 2020, the United States LED lighting market attained a value of nearly USD 7.2 billion.
The market is projected to grow at a CAGR of 9.3% between 2021 and 2026.
Rising population, growing urbanisation, rising automobile and construction industry, and the general decline in the prices of LED lights are major drivers pushing this market.
Key trends pushing growth include the various conducive government regulations and the rising environmental awareness among the consumers.
Major regional segments of the industry are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountains, and Far West.
The types of LED lighting in the industry are panel lighting, down lighting, flood lighting, street lighting, tube lighting, and bulbs, among others.
The technology used in the industry can be divided into smart LED lighting and regular LED lighting.
The applications sectors include indoor and outdoor sectors.
Leading end use sectors are residential, commercial, and industrial, among others.
The major players in the industry are Signify S.A., Osram Licht AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., Cree Inc., General Electric Company, and Hubbell Incorporated.
Analyst Review
The United States LED lighting market attained a value of USD 7.2 billion in 2020, driven by the rise of complementary sectors like the automobile or the construction industry and growing environmental awareness. Aided by the various conducive government regulations and the general decline in the prices of LED lights, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the LED lighting industry can be segmented into panel lighting, down lighting, flood lighting, street lighting, tube lighting and bulbs, among others. The technology used in the industry can be divided into smart LED lighting and regular LED lighting. The applications sectors include indoor and outdoor sectors. The end use sectors are residential, commercial, and industrial, among others. The major regional markets for LED lighting are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountains and Far West. The key players in the above market include Signify S.A., Osram Licht AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., Cree Inc., General Electric Company, and Hubbell Incorporated.
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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