North America LED Lighting Market (2023-2029) | Revenue, Forecast, Value, COVID-19 IMPACT, Analysis, Industry, Share, Growth, Trends, Size & Companies

Topics Covered in the North America Led Lighting Market Report

The North America Led Lighting Market report thoroughly covers the market by installation, by product type, by sales channel, by application, country and competitive landscape. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Led Lighting Market Synopsis

The North America Led Lighting Market industry is a rapidly evolving sector characterized by the widespread adoption of energy-efficient LED lighting solutions across various applications. LED lighting has gained significant popularity due to its energy-saving capabilities, longer lifespan, and reduced environmental impact compared to traditional lighting technologies. Key trends in the market include the increasing demand for smart lighting systems that can be controlled remotely via smartphones or voice commands, thereby enhancing energy efficiency and user convenience. Additionally, a focus on sustainability and regulations promoting energy-efficient lighting has spurred the replacement of traditional lighting sources with LEDs in residential, commercial, and industrial settings. The market is also witnessing innovation in design, as LED fixtures become more versatile, aesthetically pleasing, and capable of meeting specialized lighting needs. These trends reflect the growing preference for LED lighting in North America as a means to reduce energy consumption, lower electricity bills, and contribute to environmental conservation efforts. However, the North America LED Lighting Market also faces several challenges, including initial high costs of LED lighting fixtures and bulbs, which can deter some consumers and businesses from transitioning to LED technology despite long-term energy savings. Compatibility issues with existing lighting infrastructure and controls may require retrofitting or upgrading, adding to the overall cost and complexity of adoption.

According to 6Wresearch, North America Led Lighting Market size is estimated at USD 7.66 billion and is expected to reach USD 12.20 billion during 2023-2029. The North America LED Lighting Market is driven by several key growth drivers. Firstly, the emphasis on energy efficiency and sustainability has led to the widespread adoption of LED lighting as an eco-friendly alternative to traditional lighting technologies, resulting in reduced energy consumption and lower electricity costs. Secondly, government incentives and regulations promoting energy-efficient lighting solutions have incentivized both consumers and businesses to switch to LEDs. The growing demand for smart lighting systems that offer enhanced control, convenience, and energy savings is also propelling the market forward. Additionally, ongoing innovations in LED technology, including improvements in efficiency, color quality, and longevity, continue to drive product development and consumer adoption. These combined factors are contributing to the continued growth of the North America LED Lighting Market in the region.

North America LED Lighting Market Highlights

Report Name	North America LED Lighting Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Countries, By Installation, By Product Type, By Sales Channel, By Application
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

COVID-19 Impact on North America LED Lighting Market

The COVID-19 pandemic has had a multifaceted impact on the North America LED Lighting Market revenues. On one hand, the market experienced disruptions in supply chains, manufacturing, and distribution during lockdowns and restrictions. Project delays and decreased consumer spending, particularly in commercial and industrial sectors, initially slowed down market growth. However, the pandemic also highlighted the importance of efficient lighting in healthcare and hygiene settings, driving increased demand for LED lighting in hospitals, laboratories, and disinfection applications. Additionally, as remote work and home-based activities surged, there was a notable uptick in residential LED lighting sales, driven by homeowners upgrading their lighting environments. The overall impact of COVID-19 has accelerated certain trends, such as the adoption of energy-efficient technologies and smart lighting solutions, while posing short-term challenges to the North America LED Lighting Market.

Key Players in the North America LED Lighting Market

Prominent companies include General Electric Company, signify (formerly Philips Lighting), Cree, Inc., Osram Licht AG, and Acuity Brands, Inc. General Electric is known for its wide range of lighting solutions, including LEDs, while Signify is a global leader in LED lighting and smart lighting systems. Cree, Inc. specializes in LED components and semiconductors, contributing to the LED technology's advancement. Osram Licht AG offers comprehensive lighting solutions, including LEDs and specialty lighting products. Acuity Brands, Inc. focuses on lighting control systems, LED luminaires, and building management solutions, shaping the market's innovative and competitive landscape with diverse product portfolios. Additionally, some of the companies grip a hefty North America LED lighting Market share. Further, these key players collectively drive innovation and competition in the North America LED Lighting Market, catering to various commercial, industrial, and residential lighting needs.

Market by Product Type

According to Ravi Bhandari, Research Head, 6Wresearch, the North America LED Lighting Market encompasses a wide range of product categories catering to diverse lighting needs. These categories include LED bulbs and lamps for residential and commercial use, LED fixtures for indoor and outdoor lighting applications, smart lighting systems that offer remote control and automation capabilities, and specialty LEDs designed for specific applications like automotive lighting, horticultural lighting, and signage. Additionally, the market includes LED components such as LED chips and drivers, as well as retrofit solutions for replacing traditional lighting technologies with energy-efficient LEDs. The versatility and energy efficiency of LED lighting technology make it applicable across a broad spectrum of product categories, contributing to the market's multifaceted nature and its capacity to meet evolving consumer and industry demands.

Market by Countries

In the North America LED Lighting Market, several key performing countries contribute significantly to the region's growth and innovation. The United States stands as the largest market, driven by its vast population, energy efficiency incentives, and a strong emphasis on sustainability. The country accounts for majority of the United States LED lighting Market share. Additionally, Canada follows closely, with a growing adoption of LED lighting in commercial and residential sectors, driven by energy-saving initiatives and environmental consciousness. Mexico is also emerging as a notable player, with increasing investments in LED technology for both urban and industrial applications. Together, these key countries shape the North America LED Lighting Market, reflecting diverse consumer preferences and regulatory frameworks while driving advancements in LED technology and energy-efficient lighting solutions.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America LED Lighting Market Outlook
• Market Size of North America LED Lighting Market, 2022
• Forecast of North America LED Lighting Market, 2029
• Historical Data and Forecast of North America LED Lighting Revenues & Volume for the Period 2019 - 2029
• North America LED Lighting Market Trend Evolution
• North America LED Lighting Market Drivers and Challenges
• North America LED Lighting Price Trends
• North America LED Lighting Porter's Five Forces
• North America LED Lighting Industry Life Cycle
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Installation for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By New for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Retrofit for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Lamps for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Luminaires for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Sales Channel for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Retail/Wholesale for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Direct Sales for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By E-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of North America LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of United States LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Indoor for the Period 2019 - 2029
• Historical Data and Forecast of Canada LED Lighting Market Revenues & Volume By Outdoor for the Period 2019 - 2029
• North America LED Lighting Market - Key Performance Indicators
• North America LED Lighting Market - Import Export Trade Statistics
• North America LED Lighting Market - Opportunity Assessment By Countries
• North America LED Lighting Market - Opportunity Assessment By Installation
• North America LED Lighting Market - Opportunity Assessment By Product Type
• North America LED Lighting Market - Opportunity Assessment By Sales Channel
• North America LED Lighting Market - Opportunity Assessment By Application
• North America LED Lighting Market - Top Companies Market Share
• North America LED Lighting Market - Top Companies Profiles
• North America LED Lighting Market - Comparison of Players in Technical and Operating Parameters
• North America LED Lighting Market - Strategic Recommendations

Markets Covered

The North America Led Lighting Market report provides a detailed analysis of the following market segments:

By Installation

• New
• Retrofit

By Product Type

• Lamps
• Luminaires
• By Sales Channel
• Retail/Wholesale
• Direct Sales
• E-Commerce

By Application

• Indoor
• Outdoor

By Countries

• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):