North America LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The North America LED lighting market size reached US$ 18.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.
Light-emitting diodes (LED) are semiconductor devices that produce non-coherent and narrow spectrum light when forward voltage is applied. As compared to conventional lights, LED lights are environment-friendly in nature and they save around 90% of the overall energy consumption. Some of the other advantages associated with LED lights include reliability, compact size, fast switching, longer lifespan, improved physical robustness, low heat output and minimum radiation emission. LED lights require a constant-current DC power source rather than a standard AC line voltage. Owing to this, LED lights find wide applications in industries such as automobiles, real estate, infrastructures, and consumer electronics.
The North America LED lighting market is currently being driven by several factors. The booming lighting industry can be accredited to the rising demand for energy-efficient products and up-gradation of existing products with LEDs. Moreover, the technological innovations, increasing awareness among consumers about the benefits associated with LEDs and the rising environmental concerns have stimulated the market growth in the region. In addition to this, several applications of LEDs in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, street lighting, academics and research purposes have also spurred their demand. Furthermore, the increasing marketing initiatives by manufacturers, through various advertising mediums such as newspaper, television, etc., have catalyzed the growth of LED market in the region.
IMARC Group’s latest report provides a deep insight into the North America LED lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America LED lighting market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America LED lighting market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type and application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Product Type
LED Lamps and Modules
LED Fixtures
Market by Application
Retrofit
Retail and Hospitality
Outdoor
Offices
Architectural
Residential
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America LED lighting market performed so far and how will it perform in the coming years?
What are the key regions in the North America LED lighting market?
What has been the impact of COVID-19 on the North America LED lighting market?
What is the breakup of the North America LED lighting market on the basis of product type?
What is the breakup of the North America LED lighting market on the basis of application?
What are the various stages in the value chain of the North America LED lighting industry?
What are the key driving factors and challenges in the North America LED lighting industry?
What is the structure of the North America LED lighting industry and who are the key players?
What is the degree of competition in the North America LED lighting industry?
What are the profit margins in the North America LED lighting industry?
Light-emitting diodes (LED) are semiconductor devices that produce non-coherent and narrow spectrum light when forward voltage is applied. As compared to conventional lights, LED lights are environment-friendly in nature and they save around 90% of the overall energy consumption. Some of the other advantages associated with LED lights include reliability, compact size, fast switching, longer lifespan, improved physical robustness, low heat output and minimum radiation emission. LED lights require a constant-current DC power source rather than a standard AC line voltage. Owing to this, LED lights find wide applications in industries such as automobiles, real estate, infrastructures, and consumer electronics.
The North America LED lighting market is currently being driven by several factors. The booming lighting industry can be accredited to the rising demand for energy-efficient products and up-gradation of existing products with LEDs. Moreover, the technological innovations, increasing awareness among consumers about the benefits associated with LEDs and the rising environmental concerns have stimulated the market growth in the region. In addition to this, several applications of LEDs in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, street lighting, academics and research purposes have also spurred their demand. Furthermore, the increasing marketing initiatives by manufacturers, through various advertising mediums such as newspaper, television, etc., have catalyzed the growth of LED market in the region.
IMARC Group’s latest report provides a deep insight into the North America LED lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America LED lighting market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America LED lighting market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on product type and application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Product Type
LED Lamps and Modules
LED Fixtures
Market by Application
Retrofit
Retail and Hospitality
Outdoor
Offices
Architectural
Residential
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America LED lighting market performed so far and how will it perform in the coming years?
What are the key regions in the North America LED lighting market?
What has been the impact of COVID-19 on the North America LED lighting market?
What is the breakup of the North America LED lighting market on the basis of product type?
What is the breakup of the North America LED lighting market on the basis of application?
What are the various stages in the value chain of the North America LED lighting industry?
What are the key driving factors and challenges in the North America LED lighting industry?
What is the structure of the North America LED lighting industry and who are the key players?
What is the degree of competition in the North America LED lighting industry?
What are the profit margins in the North America LED lighting industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL LED LIGHTING MARKET
5.1 Market Performance
5.2 Market Breakup by Product Type
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast
6 NORTH AMERICA LED LIGHTING MARKET
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY PRODUCT TYPE
7.1 LED Lamps and Modules
7.2 LED Fixtures
8 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY APPLICATION
8.1 Retrofit
8.2 Retail and Hospitality
8.3 Outdoor
8.4 Offices
8.5 Architectural
8.6 Residential
8.7 Others
9 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Product Type
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Product Type
9.2.3 Market Breakup by Application
9.2.4 Market Forecast
9.3 Mexico
9.3.1 Historical Market Trends
9.3.2 Market Breakup by Product Type
9.3.3 Market Breakup by Application
9.3.4 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
11.1 Overview
11.2 Primary Raw Material Suppliers
11.3 LED Chip Manufacturers
11.4 LED Package and Module Manufacturers
11.5 Lighting/Electronic/Automotive Products Manufacturers
11.6 Product Distribution/Export
11.7 End-User
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL LED LIGHTING MARKET
5.1 Market Performance
5.2 Market Breakup by Product Type
5.3 Market Breakup by Application
5.4 Market Breakup by Region
5.5 Market Forecast
6 NORTH AMERICA LED LIGHTING MARKET
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY PRODUCT TYPE
7.1 LED Lamps and Modules
7.2 LED Fixtures
8 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY APPLICATION
8.1 Retrofit
8.2 Retail and Hospitality
8.3 Outdoor
8.4 Offices
8.5 Architectural
8.6 Residential
8.7 Others
9 NORTH AMERICA LED LIGHTING MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Product Type
9.1.3 Market Breakup by Application
9.1.4 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Product Type
9.2.3 Market Breakup by Application
9.2.4 Market Forecast
9.3 Mexico
9.3.1 Historical Market Trends
9.3.2 Market Breakup by Product Type
9.3.3 Market Breakup by Application
9.3.4 Market Forecast
10 SWOT ANALYSIS
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 VALUE CHAIN ANALYSIS
11.1 Overview
11.2 Primary Raw Material Suppliers
11.3 LED Chip Manufacturers
11.4 LED Package and Module Manufacturers
11.5 Lighting/Electronic/Automotive Products Manufacturers
11.6 Product Distribution/Export
11.7 End-User
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
LIST OF TABLES
Table 1: North America: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: LED Lighting Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: North America: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: North America: LED Lighting Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: LED Lighting Market: Competitive Structure
Table 6: North America: LED Lighting Market: Key Players
Table 1: North America: LED Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: LED Lighting Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: North America: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: North America: LED Lighting Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 5: North America: LED Lighting Market: Competitive Structure
Table 6: North America: LED Lighting Market: Key Players
LIST OF FIGURES
Figure 1: North America: LED Lighting Market: Major Drivers and Challenges
Figure 2: Global: LED Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 4: Global: LED Lighting Market: Breakup by Application (in %), 2022
Figure 5: Global: LED Lighting Market: Breakup by Region (in %), 2022
Figure 6: Global: LED Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: North America: LED Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 8: North America: LED Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: North America: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 10: North America: LED Lighting (LED Lamps and Modules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: LED Lighting (LED Lamps and Modules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: LED Lighting (LED Fixtures) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: LED Lighting (LED Fixtures) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: LED Lighting Market: Breakup by Application (in %), 2022
Figure 15: North America: LED Lighting (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: LED Lighting (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: LED Lighting (Retail and Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: LED Lighting (Retail and Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: LED Lighting (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: LED Lighting (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: LED Lighting (Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: LED Lighting (Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: LED Lighting (Architectural) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: LED Lighting (Architectural) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: LED Lighting (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: LED Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: LED Lighting (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: LED Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: LED Lighting Market: Breakup by Country (in %), 2022
Figure 30: United States: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 31: United States: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 32: United States: LED Lighting Market: Breakup by Application (in %), 2022
Figure 33: United States: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 35: Canada: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 36: Canada: LED Lighting Market: Breakup by Application (in %), 2022
Figure 37: Canada: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Mexico: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 39: Mexico: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 40: Mexico: LED Lighting Market: Breakup by Application (in %), 2022
Figure 41: Mexico: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: LED Lighting Industry: SWOT Analysis
Figure 43: North America: LED Lighting Industry: Value Chain Analysis
Figure 44: North America: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 1: North America: LED Lighting Market: Major Drivers and Challenges
Figure 2: Global: LED Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 4: Global: LED Lighting Market: Breakup by Application (in %), 2022
Figure 5: Global: LED Lighting Market: Breakup by Region (in %), 2022
Figure 6: Global: LED Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: North America: LED Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 8: North America: LED Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: North America: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 10: North America: LED Lighting (LED Lamps and Modules) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: North America: LED Lighting (LED Lamps and Modules) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: North America: LED Lighting (LED Fixtures) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: North America: LED Lighting (LED Fixtures) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: North America: LED Lighting Market: Breakup by Application (in %), 2022
Figure 15: North America: LED Lighting (Retrofit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: LED Lighting (Retrofit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: LED Lighting (Retail and Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: LED Lighting (Retail and Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: LED Lighting (Outdoor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: LED Lighting (Outdoor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: LED Lighting (Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: LED Lighting (Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: North America: LED Lighting (Architectural) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: LED Lighting (Architectural) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: LED Lighting (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: LED Lighting (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: LED Lighting (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: LED Lighting (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: LED Lighting Market: Breakup by Country (in %), 2022
Figure 30: United States: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 31: United States: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 32: United States: LED Lighting Market: Breakup by Application (in %), 2022
Figure 33: United States: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 35: Canada: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 36: Canada: LED Lighting Market: Breakup by Application (in %), 2022
Figure 37: Canada: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Mexico: LED Lighting Market: Sales Value (in Million US$), 2017-2022
Figure 39: Mexico: LED Lighting Market: Breakup by Product Type (in %), 2022
Figure 40: Mexico: LED Lighting Market: Breakup by Application (in %), 2022
Figure 41: Mexico: LED Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: North America: LED Lighting Industry: SWOT Analysis
Figure 43: North America: LED Lighting Industry: Value Chain Analysis
Figure 44: North America: LED Lighting Industry: Porter’s Five Forces Analysis
