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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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 Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 11.77 billion in 2023.
The market is estimated to grow at a CAGR of 5.3% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 19.38 billion by 2032.
The key types are bulb, downlight, streetlight, tube lights, high bay, troffers, track lights, suspended pendants, and others.
The key regional markets for LED lighting are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The end uses include residential, commercial, industrial, and highway and roadway.
The key technologies include smart LED lighting and regular LED lighting.
The key players in the market include Signify N.V., ams-OSRAM AG, Eaton Corporation plc, Acuity Brands, Inc, SMART Global Holdings, Inc, GE Lighting, Inc., and Hubbell Incorporated, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124