- Lamps
- Luminaires
The North America LED Lighting Market is valued at USD 5,593.5 million in 2023 and is expected to grow at a prominent growth rate 9.5% from 2024 to 2030. The global market report provides a thorough overview of the North America LED Lighting Market, which can be segmented by Product, Application, and Country. Based on the Product, the Market is segmented into Lamps and Luminaries. In the historic years of 2017-2021, the luminaries in the USA held a constant market share of more than 50% and are also expected to maintain their performance. This consistency is backed by increased demand for downlights and troffer in indoor applications. Different new product introduction in the market is another reason for this segments boost. Based on applications, the North America LED Lighting Market is segmented into Residential, Commercial, Industrial, Roads and Highways, Streets, Stadiums, Parking lots, Tunnels, and Others. Commercial & Industrial applications and outdoor applications are both expected to boost due to the adaptation of LED lights over other forms of the light source in the target of optimising power use.
North America LED Lighting Market Dynamics
LED lighting use in North America has increased dramatically over the years. The tremendous energy-saving potential of LED lighting compared to traditional lights is largely responsible for the rise. For example, the US Department of Energy estimated a 468 trillion Btu increase in energy savings among LED lighting users in 2021, up from 143 trillion Btu in 2019. The increased use of LED lighting will result in not only energy savings but also lower replacement and maintenance costs.
Country Analysis
North America LED Lighting Market
By Country, the USA is expected to grow the most in the forecast period owing to the increasing demand for commercial power-efficient light sources. Moreover, awareness about energy wastage and increasing demand to use energy optimally is the reason for this country to develop the most in the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The north america lED lighting market report provides granular level information about the market size, regional market share and forecast from 2024-2030.
- The report covers in-detail insights about the competitors overview, key findings and their key strategies
- The report outlines drivers, restraints, challenges, and trends that are currently faced by the industry
- The report tracks recent innovations, key developments and startups details that are working in the industry
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
North America Led Lighting Market Segmentation
By Product Type
By Application
- Residential
- Commercial
- Industrial
- Roads and Highways
- Streets
- Stadiums
- Parking lots
- Tunnels
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The North America LED Lighting Market Market size was valued at USD 5,593.5 million in 2023 and is expected to grow at a prominent growth rate 9.5% from 2024 to 2030.
The North America LED Lighting Market data: North America (United States, Canada)
The North America LED Lighting Market key players are General Electric Company Cree, Inc. Emrson Electric Hubbell Lighting, Inc. Acuity Brands Lighting, Inc. Verbatim Digital Lumens, Inc. LSI Industries, Inc. LumiGrow Inc. Cooper Industries, Inc.
| 1. Executive Summary |
| 2. North America LED Lighting Market Introduction |
| 2.1. North America LED Lighting Market Taxonomy |
| 2.2. North America LED Lighting Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 3. North America LED Lighting Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. North America LED Lighting Market Dynamic Factors - Impact Analysis |
| 3.6. North America LED Lighting Market Competition Landscape |
| 4. North America LED Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. North America LED Lighting Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Lamps |
| 5.1.1. A-Lamps |
| 5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. T-Lamps |
| 5.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Others |
| 5.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.2. Luminaires |
| 5.2.1. Streetlights |
| 5.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Downlights |
| 5.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 5.2.3. Troffers |
| 5.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3.3. Market Opportunity Analysis |
| 5.2.4. Others |
| 5.2.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.4.3. Market Opportunity Analysis |
| 6. North America LED Lighting Market Forecast, By Application, 2019 - 2023 and Forecast, 2021 2027 (Revenue, USD Mn) |
| 6.1. Residential |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Industrial |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Roads and Highways |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Streets |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Stadiums |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Parking lots |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Tunnels |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Others |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 7. North America LED Lighting Market Forecast, By Country, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. United States |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Canada |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. North America LED Lighting Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030 |
| 8. United States LED Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Lamps |
| 8.1.1.1. A-Lamps |
| 8.1.1.2. T-Lamps |
| 8.1.1.3. Others |
| 8.1.2. Luminaires |
| 8.1.2.1. Streetlights |
| 8.1.2.2. Downlights |
| 8.1.2.3. Troffers |
| 8.1.2.4. Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Residential |
| 8.2.2. Commercial |
| 8.2.3. Industrial |
| 8.2.4. Roads and Highways |
| 8.2.5. Streets |
| 8.2.6. Stadiums |
| 8.2.7. Parking lots |
| 8.2.8. Tunnels |
| 8.2.9. Others |
| 8.3. United States LED Lighting Market - Opportunity Analysis Index, By Product Type and Application, 2024 - 2030 |
| 8.4. United States LED Lighting Market Dynamics Trends |
| 9. Canada LED Lighting Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Lamps |
| 9.1.1.1. A-Lamps |
| 9.1.1.2. T-Lamps |
| 9.1.1.3. Others |
| 9.1.2. Luminaires |
| 9.1.2.1. Streetlights |
| 9.1.2.2. Downlights |
| 9.1.2.3. Troffers |
| 9.1.2.4. Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Residential |
| 9.2.2. Commercial |
| 9.2.3. Industrial |
| 9.2.4. Roads and Highways |
| 9.2.5. Streets |
| 9.2.6. Stadiums |
| 9.2.7. Parking lots |
| 9.2.8. Tunnels |
| 9.2.9. Others |
| 9.3. Canada LED Lighting Market - Opportunity Analysis Index, By Product Type and Application 2024 - 2030 |
| 9.4. Canada LED Lighting Market Dynamics Trends |
| 10. Competition Landscape |
| 10.1. Strategic Dashboard of Top Market Players |
| 10.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 10.2.1. General Electric Company |
| 10.2.2. Cree, Inc. |
| 10.2.3. Emrson Electric |
| 10.2.4. Hubbell Lighting, Inc. |
| 10.2.5. Acuity Brands Lighting, Inc. |
| 10.2.6. Verbatim |
| 10.2.7. Digital Lumens, Inc. |
| 10.2.8. LSI Industries, Inc. |
| 10.2.9. LumiGrow Inc. |
| 10.2.10. Cooper Industries, Inc. |
| 11. Research Methodology |
| 12. Key Assumptions and Acronyms |
- General Electric Company
- Cree, Inc.
- Emrson Electric
- Hubbell Lighting, Inc.
- Acuity Brands Lighting, Inc.
- Verbatim
- Digital Lumens, Inc.
- LSI Industries, Inc.
- LumiGrow Inc.
- Cooper Industries, Inc.