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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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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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