Sale

United States LED Lighting Market

United States LED Lighting Market Share, Trends, Forecast: By Type: Downlight, Street Light, Bulbs, Tubelights, High Bay, Troffers, Track Lights, Suspended Pendants, Others; By Technology: Smart LED Lighting, Regular LED Lighting; By Application: Indoor, Outdoor; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

United States LED Lighting Market Outlook

The United States LED lighting market attained a value of USD 11.67 billion in 2023. The market is further assessed to grow at a CAGR of 8.7% during 2024-2032 to reach a value of USD 24.69 billion by 2032. 

 

United States LED Lighting Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Energy Efficiency Needs to Meet Climate Goals are Aiding the LED Lighting Market

The United States is witnessing a rapid shift towards energy-saving methods keeping in line with the country’s climate goals.  It is anticipated that the majority of the lighting installations in the country would use LED technology by 2035, resulting in energy savings surpassing 569 TWh annually from LED lighting, which is equitable to the energy output of more than 92 1,000 MW power plants per year. In the commercial sector, particularly in agricultural applications, LED lights are becoming a common phenomenon for aiding the growth of plants. There is a rise in the number of high-tech plant factories across the United States adopting indoor farming and LED lights to overcome the loss of crops created due to climate change. LEDs enable the speedy year-round crop cycles in addition to positively impacting the taste and levels of vitamins and antioxidants present in plants. The State legislative bodies across the country are phasing out the sale of 4-foot linear fluorescents by 2024 which is likely to create greater opportunities for LED products.

 

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.

 

United States LED Lighting Market By Type

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The United States LED lighting market can be differentiated on the basis of type into:

  • Downlight
  • Street Light
  • Tubelight
  • High Bay
  • Troffers
  • Track Lights
  • Suspended Pendants
  • 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
  • Highway and Roadway
  • Others

The market can be differentiated on the basis of region:

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountains
  • Far West

 

United States LED Lighting Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increased Initiatives of US States, Stimulating the Market Growth

The incorporation of indoor LED lighting solutions also leads to improved quality of sleep, reduction in eye strain and headaches, non-toxicity, and increased worker productivity and cognitive performance. Besides performance improvements, LED lighting usage offers significant environmental benefits, including lower GHG emissions and reduced electricity consumption. As a result, they are increasingly being favoured by governments over traditional lighting options. In 2023, as part of the New York state’s Smart Street Lighting NY programme, the New York Power Authority (NYPA) partnered with the Town of Irondequoit to convert 500,00 streetlights to LED technology by the year 2025, supporting the goals of the Climate Leadership and Community Protection Act to lower the electricity demand by three percent by 2025, which is the most aggressive clean energy law in the nation. The increasing technological advancements and innovations such as the roll out of smart bulbs, Human-centric LED lighting,  IoT (Internet of Things), and LiFi (the next step in the LED tech) are anticipated to favour the market demand in the coming years. 

The government schemes such as the Solid-State Lighting Program, set out by the US Department of Energy (DOE) have been aiding in fostering the country’s scientific capabilities and leveraging private funds to boost innovation for developing efficient and flexible lighting products such as light-emitting diode (LED) technologies.

 

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.
  • ams-OSRAM AG
  • Eaton Corporation Inc. 
  • Acuity Brands Lighting, Inc. 
  • SMART Global Holdings, Inc.
  • GE Lighting, Inc. 
  • Hubbell Incorporated
  • 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.

 

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:

  • Type
  • Technology
  • Application
  • End Use
  • Region
Breakup by Type
  • Downlight
  • Street Light
  • Bulbs
  • Tube Lights
  • High Bay
  • Troffers
  • Track Lights
  • Suspended Pendants
  • Others
Breakup by Technology
  • Smart LED Lighting
  • Regular LED Lighting
Breakup by Application
  • Indoor
  • Outdoor
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
  • Highways and Roadways
  • Others
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Signify S.A
  • ams-OSRAM AG
  • Eaton Corporation Inc.
  • Acuity Brands Lighting, Inc.
  • SMART Global Holdings, Inc.
  • GE Lighting, Inc.
  • Hubbell Incorporated.
  • 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
7    Opportunities and Challenges in the Market
8    Federal Requirements for Lighting Products by State

9    North America LED Lighting Market Analysis
    9.1    North America LED Lighting Historical Market (2018-2023) 
    9.2    North America LED Lighting Market Forecast (2024-2032)
    9.3    North America LED Lighting Market by Country
        9.3.1    United States
        9.3.2    Canada
10    United States LED Lighting Market Analysis
    10.1    United States LED Lighting Historical Market (2018-2023) 
    10.2    United States LED Lighting Market Forecast (2024-2032)
    10.3    United States LED Lighting Market by Type
        10.3.1    Downlight
            10.3.1.1    Historical Trend (2018-2023)
            10.3.1.2    Forecast Trend (2024-2032)
        10.3.2    Street Light
            10.3.2.1    Historical Trend (2018-2023)
            10.3.2.2    Forecast Trend (2024-2032)
        10.3.3    Bulbs
            10.3.3.1    Historical Trend (2018-2023)
            10.3.3.2    Forecast Trend (2024-2032)
        10.3.4    Tube Lights
            10.3.4.1    Historical Trend (2018-2023)
            10.3.4.2    Forecast Trend (2024-2032)
        10.3.5    High Bay
            10.3.5.1    Historical Trend (2018-2023)
            10.3.5.2    Forecast Trend (2024-2032)
        10.3.6    Troffers
            10.3.6.1    Historical Trend (2018-2023)
            10.3.6.1    Forecast Trend (2024-2032)
        10.3.7    Track Lights
            10.3.7.1    Historical Trend (2018-2023)
            10.3.7.2    Forecast Trend (2024-2032)
        10.3.8    Suspended Pendants
            10.3.8.1    Historical Trend (2018-2023)
            10.3.8.2    Forecast Trend (2024-2032)
        10.3.9    Others
    10.4    United States LED Lighting Market by Technology
        10.4.1    Smart LED Lighting
            10.4.1.1    Historical Trend (2018-2023)
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Regular LED Lighting
            10.4.2.1    Historical Trend (2018-2023)
            10.4.2.2    Forecast Trend (2024-2032)
    10.5    United States LED Lighting Market by Application
        10.5.1    Indoor
            10.5.1.1    Historical Trend (2018-2023)
            10.5.1.2    Forecast Trend (2024-2032)
        10.5.2    Outdoor
            10.5.2.1    Historical Trend (2018-2023)
            10.5.2.2    Forecast Trend (2024-2032)
    10.6    United States LED Lighting Market by End Use
        10.6.1    Residential 
            10.6.1.1    Historical Trend (2018-2023)
            10.6.1.2    Forecast Trend (2024-2032)
        10.6.2    Commercial
            10.6.2.1    Historical Trend (2018-2023)
            10.6.2.2    Forecast Trend (2024-2032)
        10.6.3    Industrial
            10.6.3.1    Historical Trend (2018-2023)
            10.6.3.2    Forecast Trend (2024-2032)
        10.6.4    Highways and Roadways
            10.6.4.1    Historical Trend (2018-2023)
            10.6.4.2    Forecast Trend (2024-2032)
        10.6.5    Others
    10.7    United States LED Lighting Market by Region
        10.7.1    New England
        10.7.2    Mideast
        10.7.3    Great Lakes
        10.7.4    Plains
        10.7.5    Southeast
        10.7.6    Southwest
        10.7.7    Rocky Mountain
        10.7.8    Far West
11    Regional Analysis
    11.1    New England
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Mideast
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Great Lakes
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    Plains
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Southeast
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Southwest
        11.6.1    Historical Trend (2018-2023)
        11.6.2    Forecast Trend (2024-2032)
    11.7    Rocky Mountain
        11.7.1    Historical Trend (2018-2023)
        11.7.2    Forecast Trend (2024-2032)
    11.8    Far West
        11.8.1    Historical Trend (2018-2023)
        11.8.2    Forecast Trend (2024-2032)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyers Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Value Chain Analysis
14    Comparison of LED’s with Conventional Lighting Technologies
15    Competitive Landscape

    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Signify S.A
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Financial Summary
            15.2.1.5    Certifications
        15.2.2    ams-OSRAM AG
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Financial Summary
            15.2.2.5    Certifications
        15.2.3    Eaton Corporation Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Financial Summary
            15.2.3.5    Certifications
        15.2.4    Acuity Brands Lighting, 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    Financial Summary
            15.2.4.5    Certifications
        15.2.5    SMART Global Holdings, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Financial Summary
            15.2.5.5    Certifications
        15.2.6    GE Lighting, 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    Financial Summary
            15.2.6.5    Certifications
        15.2.7    Hubbell Incorporated.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Financial Summary
            15.2.7.5    Certifications
        15.2.8    Others
15    New Technology
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.     North America LED Lighting Market (2018-2028)
2.     United States LED Lighting Historical Market: Breakup by Type (USD Billion), 2018-2023
3.     United States LED Lighting Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.     United States LED Lighting Historical Market: Breakup by Technology (USD Billion), 2018-2023
5.     United States LED Lighting Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6.     United States LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
7.     United States LED Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.     United States LED Lighting Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.     United States LED Lighting Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.   United States LED Lighting Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   United States LED Lighting Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   United States LED Lighting Market Structure

Key Questions Answered in the Report

In 2023, the United States LED lighting market attained a value of USD 11.67 billion.

The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.

Rising automobile and construction market, and the general decline in the prices of LED lights are major drivers aiding the growth of the market.

The key trends include various conducive government regulations and the rising environmental awareness among consumers.

The major regional markets of LED lighting are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountains, and Far West.

The types of LED lighting in the market are panel lighting, down lighting, flood lighting, street lighting, tube lighting, and bulbs, among others.

The technologies used in the market include smart LED lighting and regular LED lighting.

The applications include indoor and outdoor.

The leading end uses are residential, commercial, and industrial, among others.

The key players in the United States LED lighting market 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 11.67 billion in 2023, driven by the growing environmental awareness and trend of sustainability. 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 2024-2032, growing at a CAGR of 8.7%.

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 market can be segmented into downlight, street light, tubelight, high bay, troffers, track lights, suspended pendants, bulbs, among others. The technology used in the market can be divided into smart LED lighting and regular LED lighting. The applications segments include indoor and outdoor. LED lights find end use in residential, commercial, industrial, highways and roadways as well as other places. 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., ams-OSRAM AG, Eaton Corporation Inc.,  Acuity Brands Lighting, Inc., SMART Global Holdings, Inc.,  GE Lighting, Inc., Hubbell Incorporated, and 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.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER