United States LED Lighting Market Report and Forecast 2024-2032

United States LED Lighting Market Size

The United States LED lighting market reached a value of USD 11.77 billion in 2023. The market is further estimated to grow at a CAGR of 5.3% during 2024-2032 to reach a value of USD 19.38 billion by 2032.

United States LED Lighting Market Outlook

• The State legislative bodies across the country are determined to phase out the sales of 4-foot linear fluorescents by 2024, which is likely to create greater opportunities for LED products.

• There is a growing preference for LED lighting solutions offering advanced lighting features, such as dynamic beam and colour control.

• The growing trend of indoor agriculture in the region supports the demand for indoor LED lighting solutions.

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United States LED Lighting Market Growth Rate

LED lights are a great energy-efficient and long-lasting lighting option that emit less heat and uses up to 90% less energy than incandescent bulbs, while still providing high-quality light output. The United States is witnessing a rapid shift towards energy-saving methods keeping in line with the country’s climate goals. It is anticipated that the majority of the lighting installations in the country would use LED technology by 2035, resulting in energy savings surpassing 569 TWh annually from LED lighting, which is equitable to the energy output of more than 92 1,000 MW power plants per year.

The development of sustainable green buildings in the country is anticipated to strengthen the adoption of LED lighting to reduce energy usage and lower the frequency of replacing the luminaires.

There is a rising demand for ENERGY STAR-rated LED lighting in residential applications as they use nearly 75% less energy and last around 25 times longer than incandescent lighting.

Key Trends and Developments

Favourable government initiatives; increasing adoption in the commercial sector; climate change strategies; and development of smart homes are the key trends impacting the United States LED lighting market growth

Mar 23, 2023

Cree LED released J Series 5050C E Class LEDs, offering the highest efficacy for high-power LEDs in the industry with 228 lumens per watt. The addition of the E Class LEDs expanded Cree LED's portfolio to four performance levels.

Jan 18, 2023

RapidGrow LED, a subsidiary of PANGEA Global Technologies, launched their latest LED light, SOLITE, designed for legal cannabis growers and operators. SOLITE's unique spectrum combines blue light and UV to enhance genetic expression and increase resin production.

Jan 11, 2023

Cree LED released XLamp® Pro9™ LEDs, which deliver up to 15% higher efficacy for 90 and 95 color rendering index (CRI) LEDs. The new Pro9 versions of XLamp LEDs provide 90 CRI light quality with the same efficacy as standard 80 CRI LEDs at 2700-4000K CCT.

Dec 7, 2022

GE Lighting, a Savant company, launched their first-ever line of decorative light fixtures and new pendants, both featuring an integrated LED lighting option. The new line included three decorative fixture families as well as five industrial-style pendant options.

Favourable government initiatives and schemes

The government schemes such as the Solid-State Lighting Program, set out by the US Department of Energy (DOE) have been aiding in fostering the country’s scientific capabilities and leveraging private funds to boost innovation for developing efficient and flexible lighting products such as light-emitting diode (LED) technologies.

Growing application in the commercial sector

In the commercial sector, particularly in agricultural applications, LED lights are becoming a common phenomenon for aiding the growth of plants and minimizing crop loss.

Climate change strategies favouring LED adoption

The phasing out of compact fluorescent lamps (CFLs) by 2025, as part of the central government’s climate change strategy, is anticipated to provide an opportunity for market growth.

Growing penetration of smart home technologies

The adoption of smart home technologies in the USA is driven by the security, flexibility, and convenience offered by them.

United States LED Lighting Market Trends

Installing smart LED bulbs is the easiest method for citizens to begin upgrading homes and provides homeowners with remote control over their electricity consumption. Educational institutes, such as the University of Michigan also uses smart LED lights owing to their extended lifetime and energy efficiency.

There is a rise in the number of high-tech plant factories across the United States adopting indoor farming and LED lights to overcome the loss of crops created due to climate change. LEDs enable the speedy year-round crop cycles in addition to positively impacting the quality and levels of vitamins and antioxidants present in plants.

The Smart Street Lighting NY program launched by the New York government in 2018 aims at replacing at least half of New York's more than 1 million streetlights with sustainable and energy-efficient alternatives, such as LED lighting, by 2025. Further, several programs and incentives provided by utility providers in New York, such as Central Hudson Commercial Lighting Prescriptive Rebates, Con Edison Instant Lighting Incentives and Con Edison Lighting and Controls, among others, are expected to encourage citizens to install and upgrade their traditional lighting to LED lighting.

By 2035, the US is likely to witness a widespread adoption of LED lighting and according to the U.S. Department of Energy, it can result in energy savings of about 569 TWh per year.

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United States LED Lighting Industry Segmentation

“United States LED Lighting Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Bulb

• Downlight

• Streetlight

• Tube Lights

• High Bay

• Troffers

• Track Lights

• Suspended Pendants

• Others

Market Breakup by Technology

• Smart LED Lighting

• Regular LED Lighting 

Market Breakup by Application

• Indoor

• Outdoor

Market Breakup by End Use

• Residential

• Commercial

• Industrial

• Highway and Roadway

Market Breakup by Region

• New England

• Mideast

• Great Lakes 

• Plains

• Southeast

• Southwest

• Rocky Mountain 

• Far West 

United States LED Lighting Market Share

Based on technology, regular LED lighting is a significant contributor to the market revenue

The regular LED lighting technology is recognised for its exceptional energy efficiency. The minimal heat emission of LEDs and their ability to emit light in a particular direction, eliminating the need for reflectors and diffusers, make them ideal for numerous uses.

Meanwhile, smart LED lighting offers up to 80% savings on conventional lighting and aids in improving the convenience and creativity of users by providing the option to customise the area as per their requirements. In smart LED lighting systems, each light source is linked to a smart system that offers reliable and superior-quality illumination.

Based on application, indoor solutions account for a significant share of the United States LED lighting market

There has been an extensive adoption of LED lighting, such as downlight lamps and luminaries in indoor spaces due to their benefit of sustainability. The rising adoption of home automation technology is anticipated to support the demand for smart LED lighting that can be controlled remotely.

Cities such as Detroit, Los Angeles, and San Jose are replacing traditional street lighting with LED lighting to enhance outdoor safety.

Leading United States LED Lighting Market Manufacturers

The market players are investing in research and development to create innovative lighting solutions integrated with smart technology.

Signify N.V.

Headquartered in the Netherlands, the company is a global leader in lighting for professionals and consumers, and lighting for the internet of things. The company provides 3Dprinted lighting, indoor luminaires, outdoor luminaires, lighting electronics, among others.

ams-OSRAM AG

The company is a global leader in optical solution with specialization in sensing, illumination, and visualization technologies. Headquartered in Austria, the company has a strong R&D infrastructure in over 40 locations supported by a workforce of around 22,000 employees worldwide.

Eaton Corporation plc

Eaton is a power management company headquartered in Ireland. The company is listed on NYSE with the symbol ETN. The company specializes in power management, manufacturing, sustainability, hybrid power, industrial clutches and brakes, e-mobility, and energy transition, among others.

Acuity Brands, Inc.

Acuity Brands, Inc. is engaged in manufacturing and distributing lighting and building management solutions for commercial, institutional, industrial, infrastructure, and residential markets.

Other notable players operating in the United States LED lighting market are SMART Global Holdings, Inc, GE Lighting, Inc., and Hubbell Incorporated., among others.

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United States LED Lighting Market Analysis by Region

The city of Boston announced the use of LED fixtures as a replacement for electric lighting to light up the sidewalks. As part of this, it selected Ameresco, Inc to begin auditing and retrofitting of around 80,000 streetlights and other exterior lightings in July 2021. Lesser energy used by LED lights to power the lamps and low maintenance make them suitable for city lighting projects.

Government initiatives such as Energy Efficiency Investment Fund (EEIF) set out by the Department of Natural Resources and Environmental Control (DNREC) offers grants to commercial and industrial customers in the State of Delaware to help them replace ageing, inefficient equipment and systems with energy-efficient substitutes (like LED solutions), enabling businesses to reduce their energy consumption and improve environmental performance.

States such as California and New York are expected to hold major positions in the market owing to their developed infrastructure, technological innovations, and adoption of energy efficiency practices. New York City, in particular, has a highly developed urban infrastructure that includes advanced lighting systems. The city has been implementing LED street lighting to improve energy efficiency and reduce maintenance costs, thus supporting the United States LED lighting market development.

In 2023, as part of the New York state’s Smart Street Lighting NY programme, the New York Power Authority (NYPA) partnered with the Town of Irondequoit to convert 500,00 streetlights to LED technology by the year 2025, supporting the goals of the Climate Leadership and Community Protection Act to lower the electricity demand by three per cent by 2025, which is the most aggressive clean energy law in the nation.

Key Highlights of the Report

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United States LED Lighting Market Report Snapshots

United States LED Lighting Market Size

United States LED Lighting Market Growth

United States LED Lighting Market Trends

United States LED Lighting Market Share

United States LED Lighting Manufacturers

United States LED Lighting Market Regional Analysis