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Market Analysis

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 Analysis by Region

The city of Boston announced the use of LED fixtures as a replacement for electric lighting to light up the sidewalks. As part of this, it selected Ameresco, Inc to begin auditing and retrofitting of around 80,000 streetlights and other exterior lightings in July 2021. Lesser energy used by LED lights to power the lamps and low maintenance make them suitable for city lighting projects.

 

Government initiatives such as Energy Efficiency Investment Fund (EEIF) set out by the Department of Natural Resources and Environmental Control (DNREC) offers grants to commercial and industrial customers in the State of Delaware to help them replace ageing, inefficient equipment and systems with energy-efficient substitutes (like LED solutions), enabling businesses to reduce their energy consumption and improve environmental performance.

 

States such as California and New York are expected to hold major positions in the market owing to their developed infrastructure, technological innovations, and adoption of energy efficiency practices. New York City, in particular, has a highly developed urban infrastructure that includes advanced lighting systems. The city has been implementing LED street lighting to improve energy efficiency and reduce maintenance costs, thus supporting the United States LED lighting market development.

 

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 per cent by 2025, which is the most aggressive clean energy law in the nation.

 

United States LED Lighting Market Report Snapshots

United States LED Lighting Market Size

United States LED Lighting Market Growth

United States LED Lighting Market Trends

United States LED Lighting Market Share

United States LED Lighting Manufacturers

United States LED Lighting Market Analysis

 

*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    Highway and Roadway
            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 N.V.
            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 plc
            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, 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 (2018-2032)
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

The market reached a value of USD 11.77 billion in 2023.

The market is estimated to grow at a CAGR of 5.3% during 2024-2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 19.38 billion by 2032.

The key types are bulb, downlight, streetlight, tube lights, high bay, troffers, track lights, suspended pendants, and others.

The key regional markets for LED lighting are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The end uses include residential, commercial, industrial, and highway and roadway.

The key technologies include smart LED lighting and regular LED lighting.

The key players in the market include Signify N.V., ams-OSRAM AG, Eaton Corporation plc, Acuity Brands, Inc, SMART Global Holdings, Inc, GE Lighting, Inc., and Hubbell Incorporated, among others.

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