North America LED Lighting Market Size, Share & Trends Analysis Report 2020-2027

North America LED Lighting Market By Type (Lamp, Luminaire), By Application (Indoor, Outdoor), By End-Use (Residential, Commercial, Industrial, Government, Others), By Region, Segmental Trends Analysis Report 2020—2027
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  • Table of Content
  • Segmentation
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Industry Overview

North America LED lighting market was valued at USD 7.85 Bn in 2019, growing at a CAGR of 9.1% between 2020 to 2027. The growth can be attributed to a substantial decrease in LED lamps prices due to technological enhancement in the production process of LED lamps and a decrease in the raw material prices. Moreover, Increase in awareness about energy-efficient lighting and green technologies is anticipated to boost the market growth.

The U.S. and Canada LED lighting industry has a tremendous impact due to the COVID-19 pandemic, with a decline in sales of up to 40%. The import of raw material has been significantly affected due to the lockdown of manufacturing facilities in the Asia Pacific region. Moreover, as the U.S. Department of Homeland Security (DHS) and National Electrical Manufacturers Association (NEMA) stated that the LED lighting manufacturing can not be considered as a critical manufacturing industry, therefore all the LED manufacturing plants were shut during the COVID-19 lockdown. However, as the world is moving towards accepting the COVID-19, the governments have prepared a plan to restore the industrial growth by providing economic and financial support. The members of the National Lighting Bureau donated LED lamps for COVID-19 testing centers across the United States. 

The energy consumption of the U.S. is growing steadily since the last few years, mainly from the commercial and residential segments. Lighting plays a crucial role in ensuring the safety and security of a place, it also improves the aesthetics of indoor as well as outdoor places. Government bodies such as the U.S. Department of Labor and its Occupational Safety and Health Administration has regulated the specification for industrial lighting to ensure maximum safety at the workplace. The standards include lighting quality, contrast, glare, and color.

The global version of this report can be viewed here: Global LED Lighting Market Report PDF

Cannabis Legalization & Increase In Demand For Horticultural LED Grow Lighting

Since the legalization of cannabis in the U.S. for medicinal purposes, the demand for the horticultural LED lighting market has increased. LED lights play a crucial role in the growth of cannabis plants. The U.S. cannabis grows light market is expected to witness exponential growth, as LEDs are replacing the traditional HID and CFL lamps used in the Cannabis Fields.

LED lights offer the following advantages over the HID & CFL grow lights:

  • Less expensive
  • Durable
  • Energy saving
  • Less heat production
  • Available in different colors
  • Reduction in water consumption (As it produces less heat)

Segmental Trends Analysis & Forecast

  • Product Segment:  Based on LED lighting products the market has been segmented into lamps and luminaire. The lamp segment emerged as the largest product segment in 2019, as the replacement of CFL lamps by LED lamps has increased in recent years. Lamps are affordable and can be fitted in a wide range of fittings. The prices of LED lamps has decreased by nearly 34% since 2016. Moreover, government support for Solid State Lighting (SSL) is expected to boost market demand. The Luminaire segment is expected to grow at the highest CAGR between 2020 to 2027. LED luminaires are widely in demand from industrial and commercial LED lighting market. Demand for decorative LED luminaires, downlights, and troffers has increased due to the modernization of homes.
  • Application Segment: The North America indoor lighting segment accounted for the largest market share in 2019, owing to the increasing adoption of LED for indoor residential and commercial lighting. The Outdoor lighting segment is expected to emerge as the fastest-growing segment owing to an increase in demand for outdoor safety & security and growing fitment of street lights across the U.S.
  • End-Use Segment: Residential LED lighting segment accounted for the largest market share in 2019, government rebates and subsidies have increased the adoption of LEDs across the U.S. and Canada. The Industrial segment shall witness the highest growth rate in the upcoming few years, as the government has regulated the usage of LEDs for improving the industrial workplace safety and labor security.
  • Country Segment: The U.S. LED lighting market accounted for 87% market share in 2019. Growing urbanization, high per capita income, and government initiatives for promoting the adoption of LED lamps are expected to keep the country demand buoyant. The Canada LED lighting market is emerging exponentially, it shall witness the highest growth rate over the forecast period.

Market Segmentation

  • North America LED Lighting Type Insights (Revenue, USD Million, 2017 – 2027)
    • Lamp
    • Luminaire
  • North America LED Lighting Application Insights (Revenue, USD Million, 2017 – 2027)
    • Indoor
    • Outdoor
  • North America LED Lighting End-Use Insights (Revenue, USD Million, 2017 – 2027)
    • Residential
    • Commercial
    • Industrial
    • Government
    • Others
  • North America LED Lighting Country Overview (Revenue, USD Million, 2017 – 2027)
    • North America
      • The U.S.
      • Canada

 

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  • Research Methodology & Scope
    • Research Scope
      • Market Segmentation
      • Market Definitions
    • Research Methodology
      • Information Procurement
      • Research Process
      • Data Refining
      • List of Data Sources
        • Primary Sources
        • Secondary Sources
  • Executive Summary
    • Global Market Overview
    • North America LED Lighting Market, 2017 -2027 (USD Million)
    • Market, By Type, 2017 -2027 (USD Million)
    • Market, By Application, 2017 -2027 (USD Million
    • Market, By End-Use, 2017 -2027 (USD Million)
    • Market, By Country, 2017 -2027 (USD Million)
  • Qualitative Insights
    • Market Dynamics
      • Market Driver
      • Market Restraint
      • Market Opportunities
      • Market Challenges
    • Porters Analysis
    • PESTEL Analysis
    • Industry Value Chain Analysis
    • Company Market Share Analysis, 2019
  • North America LED Lighting Market, By Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Lamp
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Luminaire
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • North America LED Lighting Market, By Application, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Indoor
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Outdoor
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • North America LED Lighting Market, By End-Use, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 & 2027 (%)
      • Segment Trends
    • Residential
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Commercial
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Industrial
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Government
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
    • Others
      • Introduction
      • Market Size Estimation & Forecast, 2020-2027, (US$ Million)
  • North America LED Lighting Market Regional Outlook & Trends Analysis
    • Regional Insights
    • North America
      • Market size estimates & forecast, by Type, 2020-2027, (US$ Million)
      • Market size estimates & forecast, by Application, 2020-2027, (US$ Million)
      • Market size estimates & forecast, by End-Use, 2020-2027, (US$ Million)
      • The U.S.
      • Canada
  • North America LED Lighting Market: Competitive Landscape
    • Acuity Brands Lighting Inc.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Digital Lumens Inc.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Osram Gmbh
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Cree Inc.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Dialight
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Zumtobel Group Ag
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Signify Holding
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • LSI Industries Inc.
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
    • Hubbell
      • Company Overview
      • Financial Summary
      • Product Benchmarking
      • Strategic Initiatives
  • North America LED Lighting Market Type Overview (Revenue, USD Million, 2017 – 2027)
    • Lamp
    • Luminaire
  • North America LED Lighting Market Application Overview (Revenue, USD Million, 2017 – 2027)
    • Indoor
    • Outdoor
  • North America LED Lighting Market End-Use Overview (Revenue, USD Million, 2017 – 2027)
    • Residential
    • Commercial
    • Industrial
    • Government
    • Others
  • North America LED Lighting Market Regional Overview (Revenue, USD Million, 2017 – 2027)
    • North America
      • The U.S.
      • Canada
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