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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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