North America Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Kitchen Lighting), Source (Fluorescent and LED and OLED), and Product (Island Lights, P

North America Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Kitchen Lighting), Source (Fluorescent and LED and OLED), and Product (Island Lights, Pendant Lights, Ceiling Lights, Chandeliers, Track Lighting, Under Cabinet Lighting, and Others)

The kitchen lighting market in North America is expected to grow from US$ 5,066.27 million in 2021 to US$ 8,208.52 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

The adoption of LED lights is growing rapidly, and it is transforming the definition and scope of lighting technology. LEDs dramatically reduce energy consumption and help save money by cutting power costs, with an estimated energy efficiency of 80-90% compared to traditional light bulbs. The LED lights are 80% more efficient, and far more environmentally friendly than fluorescent and incandescent lights. These lights have a slightly higher initial cost, but their energy efficiency and longevity make up for it. Due to their longer life and light output per kilowatt, LEDs provide a substantially faster return on investment. Traditional lights and CFLs require frequent replacements than LED lights built. Given the additional savings achieved from decreased power costs, every segment of society gains from their adoption. Moreover, government regulations have a significant role in the prospering adoption of LEDs in various applications. New rules proposed by governments and regulatory bodies in the US and Canada upon the use of efficient lighting have paved the growth path for the market for LED lighting. To meet the increased demand, manufacturers have extended their LED product lines in the last few years by inventing new fixtures and purchasing other existing businesses in the lighting marketplace. Governments of a few countries have enacted legislation mandating the phase-out of incandescent bulbs. As a result, incandescent lighting is likely to become obsolete in the future. LED lighting's widespread adoption has the potential to save a lot of energy. According to the US Department of Energy, by 2035, LED lighting is anticipated to be used in most lighting installations, and yearly energy savings from LED lighting might reach 569 TWh, with the annual energy output equivalent to more than 92 1,000-MW power plants. The kitchen lighting market is growing with the rising adoption of LEDs and developments in lighting fixtures.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America kitchen lighting market during the forecast period.

North America Kitchen Lighting Market Revenue and Forecast to 2028 (US$ Million)

North America Kitchen Lighting Market Segmentation

North America Kitchen Lighting Market, by Type

General Kitchen Lighting Task Kitchen Lighting Decorative Kitchen Lighting North America Kitchen Lighting Market, by Source

Fluorescent LED and OLEDNorth America Kitchen Lighting Market, by Product

Island Lights Pendant Lights Ceiling Lights Chandeliers Track Lighting Under Cabinet Lighting Others North America Kitchen Lighting Market, by Country

US Canada Mexico North America Kitchen Lighting Market - Companies Mentioned

Cree Lighting OSRAM Licht AG Panasonic Corporation Signify Holding (Philips) Hubbell Incorporated Lutron Electronics Co., Inc ACUITY BRANDS, INC. GE Lighting Kichler Lighting LLC Häfele Gmb H & Co KG

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