LED Lighting Market In North America 2024-2028
The led lighting market in north america is forecasted to grow by USD 7809.6 mn during 2023-2028, accelerating at a CAGR of 11.6% during the forecast period. The report on the led lighting market in north america provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by declining manufacturing cost of led, phase-out of incandescent bulbs in north american countries, and growing number of households and urbanization.
Technavio's led lighting market in north america is segmented as below:
- By Application
- Residential
- Commercial
- Industrial
- Outdoor
- Others
- By Product
- LED lamps
- LED luminaires
- By Geographical Landscape
- North America
This study identifies the growing traction for intelligent lighting systems as one of the prime reasons driving the led lighting market in north america growth during the next few years. Also, new guidelines and government policies for smart lighting and emergence of smart cities will lead to sizable demand in the market.
The report on the led lighting market in north america covers the following areas:
- LED Lighting Market in North America sizing
- LED Lighting Market in North America forecast
- LED Lighting Market in North America industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading led lighting market in north america vendors that include Acuity Brands Inc., ams OSRAM AG, Black Dog Grow Technologies Inc., Bridgelux Inc., Eaton Corp plc, EPISTAR Corp, General Electric Co., GrowRay Lighting Technologies, Kessil, Koninklijke Philips N.V., LITE ON Technology Corp., LumiGrow Inc, Lumileds Holding BV, Sharp Corp., Signify NV, SMART Global Holdings Inc., Toyoda Gosei Co. Ltd., and Violet Gro Inc. Also, the led lighting market in north america analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.