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North America LED Lighting Market Research Report – Segmented By Installation Type (New Installation & Retrofit Installation), By End-use (Indoor Lighting & Outdoor Lighting), By Country (US, Canada and Rest of North America) – Industry Analysis on Size, Share, Trends, Growth, Forecast | 2022 to 2027

Published: March, 2023
ID: 9038
Pages: 100
Formats: report pdf report excel report power bi report ppt

North America LED Lighting Market Size, Trends & Growth (2021 - 2026)

According to the latest report, the size of the LED Lighting Market in North America is expected to grow at a CAGR of 9.8% during the forecast period 2021 to 2026.

LED lighting circuit converts alternating current to direct current at minimum voltage. High temperatures may cause premature failures, so these lights are to be maintained at a constant temperature for better performance. LED drivers used in the circuit provides features like dimming and control. Users can choose among the varied designs of the lamps according to the application.

The rise in the demand for energy-efficient products in every application is a major factor accelerating the demand of the market. Increasing revenue in most of the countries is propelling the demand for the regional market.

However, the volatility of the raw materials is impeding the demand of the market. Also, decreasing skilled labor for manufacturing effective bulbs is limiting the growth of the market.

The adoption of the latest technology and launch of various features for the existing products is likely to outshine the growth of the North American market. Shifting trend towards the innovative infrastructures is surging growth opportunities for the market.

This research report includes the segmentation & sub-segmentation of the North America LED Lighting Market until 2025.

  • By Product Type: Lamp and Luminaire

  • By Application: Indoor and Outdoor Lighting

  • By Region: the United States, Canada and Rest of North America

On the basis of product type, the Lamp segment is dominating with the highest shares of the market with the rise in the demand to manufacture several lamps according to the requirement.

On the basis of application, the Indoor lighting segment is leading with the highest shares of the market. Increasing constructional activities with the latest equipment are fueling the demand of the market.

Regionally, the market is held by North America by owing to the quick adoption of the latest technological developments. Also, increasing disposable income in urban areas is lavishing the demand of the market. The rise in the construction of the smart home buildings in developed and developing countries is prompting demand of the market. Growing demand for cost-effective and easy installation lamps is greatly influencing the growth of the market. Increasing electricity bills by the government are also bolstering the demand of the market. The USA is contributing the largest shares of the market among all other countries.

Key players in the North American LED lighting market are Osram GmbH, Digital Lumens Inc., Signify Holding, General Electric, Cree, Inc., Dialight, Eaton, and others.

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