US LED Lighting Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.89 Billion |
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Market Size (2030) | USD 11.06 Billion |
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Largest Share by Indoor Lighting | Commercial |
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CAGR (2024 - 2030) | 3.72 % |
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Fastest Growing by Indoor Lighting | Industrial and Warehouse |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
US LED Lighting Market Analysis
The US LED Lighting Market size is estimated at 8.89 billion USD in 2024, and is expected to reach 11.06 billion USD by 2030, growing at a CAGR of 3.72% during the forecast period (2024-2030).
8.89 Billion
Market Size in 2024 (USD)
11.06 Billion
Market Size in 2030 (USD)
-0.23 %
CAGR (2017-2023)
3.72 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
35.10 %
value share, Headlights, 2023
The passenger car category in 2021 accounted for 1.7 million units, followed by commercial vehicles with 8.3 million units in 2022. This corresponds to more use of headlights.
Largest Segment by Automotive Vehicle Lighting
95.80 %
value share, Passenger Cars, 2023
The passenger car market is expected to increase in EVs. In 2022, 5.7% of US car sales were fully electric car sales. The overall sales increased 43% in 2022 compared to 2021.
Largest Segment by Indoor Lighting
65.29 %
value share, Commercial, 2023
In the United States, many countries invested in commercial real estate, including Canada with cross-border flows of around USD 19 billion in 2021.
Largest Segment by Outdoor Lighting
85.55 %
value share, Public Places, 2023
To improve rail logistics and passenger services, the US government provides funding for railway projects throughout the country.
Leading Market Player
33.34 %
market share, ACUITY BRANDS INC., 2022
Acuity Brands is one of the largest lighting manufacturers in the US. Digital retailers, lighting showrooms, and energy service organizations are among the primary customers.
The increasing disposable income, government investments, and rising commercial construction in the region drive the growth of led lighting market
- In terms of value share, in 2023, commercial accounted for the majority of the share, followed by industrial and warehouse, and residential. The main factors contributing to the growth of the industrial sector's resilience are changes in labor force levels in China, less regulatory burden for US production than European counterparts, and greater vitality of manufacturing income relative to the United States Gross Domestic Product.
- In terms of volume share, in 2023, commercial accounted for the majority of the share, followed by the residential sector and industrial and warehouse sector. America's need for storage space is advancing toward a brighter future. With the acceleration of e-commerce, the warehousing industry may see more growth opportunities than ever. The US retail e-commerce sales in Q3 2020 are estimated at USD 209.5 billion. This is a 36.7% increase over Q3 2019.
- The construction industry is a growth industry in all areas. These include builders, contractors, and civil engineers in the private and commercial sectors. Employment in the construction and mining sector is expected to increase by 4% from 2019 to 2029, about the same rate as the average for all jobs. Part of the driver of this growth is the increasing demand for new buildings, roads, and other structures due to population growth.
- In 2022, there were 33.2 million small businesses in the United States. The five fast-growing startups are headquartered in San Francisco. 40% of US startups have at least one woman in leadership. Over 65% of small businesses reported profits in 2022. The above instances are expected to create more demand for Indoor LEDs in the coming years.
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US LED Lighting Market Trends
Increase in the number of households to drive the growth of the LED market
- In 2021, there were 332.18 million people living in the US as a whole. The overall fertility rate in the US was expected to be 1.66 children per woman in 2021. When compared to the prior year, it went up 0.01. In rough terms, there were 11 live births per 1,000 people in the US. This rose from the previous year by 0.1. In the US, the average life expectancy at birth was 76.33 years in 2021. According to the data, more children are being born and more people in the world, which means that more space will need to be inhabited by people, which will help the market expand. Thus, the sale of new LEDs will rise as a result of the building of the new home.
- The United States had 131.2 million households in 2022. There are now more households in the United States than there were in 2020 (128.45 million). In 2022, there were 3.13 people in the typical American family. The proportion of owner-occupied households in 2022 was 65.9%. In 2020, six or more rooms were present in 19.3% of all occupied dwelling units. The expansion of LEDs will be fueled by an increase in families and the need to accommodate this increase in the typical number of rooms.
- The market for electric cars (EVs) has expanded quickly and is anticipated to do so throughout the next ten years. From just 0.2% of all car sales in 2011 to 4.6% in 2021, electric car sales in the US grew. Over the decade of 2011鈥�21, the number of EVs on the road increased significantly, from around 22,000 to over 2 million. As a result, the need for semiconductor chips used in various EV applications rose along with the popularity of EVs, raising the need for LED illumination.
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Increase in the number of private-owned dwellings and government regulations to drive the market for LEDs
- As of 2021, there were around 124 million households in the United States. Person per household between 2017 and 2021 was 2.6 persons, and the total housing units registered were 143.7 million by 2022. Furthermore, the population in 2020 was 331.4 million, which increased to 333.2 million by 2022, representing 0.6% growth. The owner-occupied housing unit rate was 64.6%, which is higher. Considering the above instances, it suggested that the household size is smaller and requires new housing units, and the population is growing, which also represents the same. Such instances are expected to create more LED penetration for the need for illumination in the country. In the United States, disposable income is growing, resulting in the rising spending power of individuals who can spend more on new residential spaces. The United States per Capita income reached USD 36,430 in December 2021, compared with USD 33,740.8 in December 2020. Compared to other developing nations, the US is getting more. For instance, Mexico had a per capita income of USD 2,639.7 as of 2020, and Canada had USD 29,330, which is lower.
- The number of privately owned home starts in May was 1,631,000 on an annual basis. This is 5.7% above the May 2022 rate of 1,543,000 and is 21.7% higher than the revised April 2023 estimate of 1,340,000. As per the Energy Policy Act (EPAct) section 179D, the maximum tax deduction jumped to USD 5 per sq. ft. of upgraded space in 2023 under the new regulations. Which had USD 1.88 per sq. ft. deductions in 2022 (but is set to rise to USD 2.00 per sq. ft.). Eligible projects include those related to interior lighting, HVAC, and building envelopes. Such instances are further expected to surge the demand for LED lighting in the country.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Upgradation of automobiles and more EVs are seen on the road, indicating more use of LED lights
- Indirect customer financing and growing government incentives to purchase EVs to drive the LED market
- 75% of the population have access to a car, and the use of headlights in automobiles leads to LED penetration
- Increase in LED installation by 72% in commercial buildings, 56% in residential houses, and 83% in industries by 2025 to drive the growth of the LED market
- LED penetration is driven by LED certification for commercial spaces, which increased by 30% in 2022
- The LED market is driven by indoor farming and government incentives for the development of horticulture industry in the region
- 糖心vlog传媒 75% of the population is expected to own a car, and the shifting trend toward larger vehicles to drive the growth of LED lighting
- Government investments in EV manufacturing by providing tax benefits and funding of EV charging stations to drive the LED market
- Reduction in imports from China to lead the growth of the LED lighting market in the country
- Construction and upgradation of new highways to support the growth of LED lighting
- Upgradation, replacement, and construction of new stadiums to drive the growth of LED lights
US LED Lighting Industry Overview
The US LED Lighting Market is fairly consolidated, with the top five companies occupying 65.57%. The major players in this market are ACUITY BRANDS INC., Current Lighting Solutions LLC., Marelli Holdings Co. Ltd, OSRAM GmbH. and Signify (Philips) (sorted alphabetically).
US LED Lighting Market Leaders
ACUITY BRANDS INC.
Current Lighting Solutions LLC.
Marelli Holdings Co. Ltd
OSRAM GmbH.
Signify (Philips)
Other important companies include Dialight, Grupo Antolin Irausa SA, Koito Manufacturing Co. Ltd, NVC INTERNATIONAL HOLDINGS LIMITED, Stanley Electric Co. Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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US LED Lighting Market News
- May 2023: Cyclone Lighting, a well-known manufacturer of outdoor luminaires, has announced the debut of its Elencia luminaire. Outdoor post-top lighting has an upscale look thanks to high-performance optics and revised, modern lantern style.
- May 2023: Dialight, a company in hazardous and industrial LED lighting innovation, has introduced the ProSite High Mast, an expansion of the company's extremely successful ProSite Floodlight range. This new model is carefully constructed to withstand mounting heights of up to 130 feet for a wide range of outdoor industrial applications such as airports, container yards, rail yards, product stockpiles, transportation, perimeter lighting, and parking applications. With a total lumen output of up to 65,000, the ProSite High Mast improves site security by providing uniform, crisp, and clear illumination.
- April 2023: Hydrel, an established innovator and producer of outdoor architectural and landscape lighting systems, announced the addition of the M9700 RGBW fixture to its M9000 ingrade luminaire family.
Free with this Report
We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
US LED Lighting Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Automotive Production
2.2. Population
2.3. Per Capita Income
2.4. Interest Rate For Auto Loans
2.5. Number Of Charging Stations
2.6. Number Of Automobile On-Road
2.7. Total Import Of LEDs
2.8. Lighting Electricity Consumption
2.9. # Of Households
2.10. Road Networks
2.11. LED Penetration
2.12. # Of Stadiums
2.13. Horticulture Area
2.14. Regulatory Framework
2.14.1. Indoor Lighting
2.14.1.1. United States
2.14.2. Outdoor Lighting
2.14.2.1. United States
2.14.3. Automotive Lighting
2.14.3.1. United States
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Indoor Lighting
3.1.1. Agricultural Lighting
3.1.2. Commercial
3.1.2.1. Office
3.1.2.2. Retail
3.1.2.3. Others
3.1.3. Industrial and Warehouse
3.1.4. Residential
3.2. Outdoor Lighting
3.2.1. Public Places
3.2.2. Streets and Roadways
3.2.3. Others
3.3. Automotive Utility Lighting
3.3.1. Daytime Running Lights (DRL)
3.3.2. Directional Signal Lights
3.3.3. Headlights
3.3.4. Reverse Light
3.3.5. Stop Light
3.3.6. Tail Light
3.3.7. Others
3.4. Automotive Vehicle Lighting
3.4.1. 2 Wheelers
3.4.2. Commercial Vehicles
3.4.3. Passenger Cars
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. ACUITY BRANDS INC.
4.4.2. Current Lighting Solutions LLC.
4.4.3. Dialight
4.4.4. Grupo Antolin Irausa SA
4.4.5. Koito Manufacturing Co. Ltd
4.4.6. Marelli Holdings Co. Ltd
4.4.7. NVC INTERNATIONAL HOLDINGS LIMITED
4.4.8. OSRAM GmbH.
4.4.9. Signify (Philips)
4.4.10. Stanley Electric Co. Ltd
5. KEY STRATEGIC QUESTIONS FOR LED CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AUTOMOTIVE PRODUCTION, MILLION, UNITED STATES, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, UNITED STATES, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, UNITED STATES, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, UNITED STATES, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, UNITED STATES, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, UNITED STATES, 2017 - 2030
- Figure 8:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, UNITED STATES, 2017 - 2030
- Figure 9:
- COUNT OF HOUSEHOLDS, MILLION, UNITED STATES, 2017 - 2030
- Figure 10:
- LENGTH OF ROAD NETWORKS, KM, UNITED STATES, 2017 - 2030
- Figure 11:
- LED PENETRATION, %, UNITED STATES, 2017 - 2030
- Figure 12:
- COUNT OF STADIUMS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 13:
- HORTICULTURE AREA, HECTARE, UNITED STATES, 2017 - 2030
- Figure 14:
- VOLUME SALES OF US LED LIGHTING MARKET, NUMBER, UNITED STATES, 2017 - 2030
- Figure 15:
- VALUE SALES OF US LED LIGHTING MARKET, USD, UNITED STATES, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, UNITED STATES, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, UNITED STATES, 2017 - 2030
- Figure 18:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, UNITED STATES, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, UNITED STATES, 2017 - 2030
- Figure 22:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, UNITED STATES, 2017 - 2030
- Figure 23:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, UNITED STATES, 2017 - 2030
- Figure 24:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, UNITED STATES, 2017 - 2030
- Figure 25:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, UNITED STATES, 2017 - 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, UNITED STATES, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, UNITED STATES, 2017 - 2030
- Figure 28:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, UNITED STATES, 2017 - 2030
- Figure 29:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, UNITED STATES, 2017 - 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, UNITED STATES, 2017 - 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, UNITED STATES, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, UNITED STATES, 2017 - 2030
- Figure 34:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, UNITED STATES, 2017 - 2030
- Figure 35:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, UNITED STATES, 2017 - 2030
- Figure 36:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, UNITED STATES, 2017 - 2030
- Figure 37:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, UNITED STATES, 2017 - 2030
- Figure 38:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 39:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 40:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, UNITED STATES, 2017 - 2030
- Figure 41:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, UNITED STATES, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, UNITED STATES, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, UNITED STATES, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, UNITED STATES, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, UNITED STATES, 2017 - 2030
- Figure 48:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 49:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 50:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, UNITED STATES, 2017 - 2030
- Figure 51:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, UNITED STATES, 2017 - 2030
- Figure 52:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 53:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 54:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, UNITED STATES, 2017 - 2030
- Figure 55:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 56:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 57:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, UNITED STATES, 2017 - 2030
- Figure 58:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 59:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, UNITED STATES, 2017 - 2030
- Figure 60:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, UNITED STATES, 2017 - 2030
- Figure 61:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 62:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, UNITED STATES, 2017 - 2030
- Figure 63:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, UNITED STATES, 2017 - 2030
- Figure 64:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 65:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, UNITED STATES, 2017 - 2030
- Figure 66:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, UNITED STATES, 2017 - 2030
- Figure 67:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 68:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 69:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, UNITED STATES, 2017 - 2030
- Figure 70:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, UNITED STATES, 2022 VS 2030
- Figure 71:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, UNITED STATES, 2017 - 2030
- Figure 72:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, UNITED STATES, 2017 - 2030
- Figure 73:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 74:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, UNITED STATES, 2017 - 2030
- Figure 75:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 76:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, UNITED STATES, 2017 - 2030
- Figure 77:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, UNITED STATES, 2017 - 2030
- Figure 78:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, UNITED STATES, 2017 - 2030
- Figure 79:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, UNITED STATES, 2017 - 2030
- Figure 80:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, UNITED STATES, 2017 - 2030
- Figure 81:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, UNITED STATES, 2017 - 2030
- Figure 82:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2017 - 2030
- Figure 83:
- VALUE SHARE OF MAJOR PLAYERS, %, UNITED STATES, 2022
US LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.
- In terms of value share, in 2023, commercial accounted for the majority of the share, followed by industrial and warehouse, and residential. The main factors contributing to the growth of the industrial sector's resilience are changes in labor force levels in China, less regulatory burden for US production than European counterparts, and greater vitality of manufacturing income relative to the United States Gross Domestic Product.
- In terms of volume share, in 2023, commercial accounted for the majority of the share, followed by the residential sector and industrial and warehouse sector. America's need for storage space is advancing toward a brighter future. With the acceleration of e-commerce, the warehousing industry may see more growth opportunities than ever. The US retail e-commerce sales in Q3 2020 are estimated at USD 209.5 billion. This is a 36.7% increase over Q3 2019.
- The construction industry is a growth industry in all areas. These include builders, contractors, and civil engineers in the private and commercial sectors. Employment in the construction and mining sector is expected to increase by 4% from 2019 to 2029, about the same rate as the average for all jobs. Part of the driver of this growth is the increasing demand for new buildings, roads, and other structures due to population growth.
- In 2022, there were 33.2 million small businesses in the United States. The five fast-growing startups are headquartered in San Francisco. 40% of US startups have at least one woman in leadership. Over 65% of small businesses reported profits in 2022. The above instances are expected to create more demand for Indoor LEDs in the coming years.
| Indoor Lighting | |||||
| Agricultural Lighting | |||||
| |||||
| Industrial and Warehouse | |||||
| Residential |
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Automotive Utility Lighting | |
| Daytime Running Lights (DRL) | |
| Directional Signal Lights | |
| Headlights | |
| Reverse Light | |
| Stop Light | |
| Tail Light | |
| Others |
| Automotive Vehicle Lighting | |
| 2 Wheelers | |
| Commercial Vehicles | |
| Passenger Cars |
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Market Definition
- INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
- OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
- AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
- END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
| Keyword | Definition |
|---|---|
| Lumen | Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions. |
| Footcandle | A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light. |
| Colour Rendering Index (CRI) | Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight. |
| Luminous flux | Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm). |
| Annual Energy Cost | Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a). |
| Constant voltage drivers | Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly. |
| Constant Current Driver | Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system. |
| Minimum Energy Performance Standards (MEPS) | Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes. |
| Luminous Efficacy | Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power. |
| Solid State Lighting | Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas. |
| Rated Lamp Life | Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out. |
| Color Temperature | Colour temperature is a scale that measures how 鈥榳arm鈥� (yellow) or 鈥榗ool鈥� (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the 鈥榗ooler鈥� the light. The lower the 鈥楰鈥� number, the 鈥榳armer鈥� the light. |
| Ingress Protection rating (IP rating) | The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water. |
| Fidelity Index | The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant. |
| Gamut Index | The gamut area is defined as 鈥渢he area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.鈥�1 Within a defined color space, a 鈥済amut鈥� describes the subset of colors that can be perceived under specific lighting conditions. |
| Binning | In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness. |
| Accent lighting | Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects. |
| Dimmable driver | A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim. |
| Flicker | Flicker is the repeated and frequent variation in the output of a light source over time. |
| Fluorescent | A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light. |
| Candela | The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction. |
| LUX | Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface. |
| Uniformity (U0) | The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg). |
| Visible Light Spectrum | The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers. |
| Ambient Temperature | Ambient Temperature is the temperature of the air surrounding an electrical enclosure. |
| Current-controlled dimming control | Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output. |
| Design Light Consortium | It is a partnership of energy efficiency stakeholders in the United States and Canada to 鈥減romote quality, performance and energy efficient lighting solutions for the commercial sector鈥�. |
| Pulse Width Modulation | Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal. |
| Surface Mounted Device | A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board. |
| Alternating Current | Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction. |
| Direct Current | Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction. |
| Beam Angle | Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity. |
| LED Based Solar High Mast Lighting Systems | A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night). |
| Surface Mounted Diode (SMD) LEDs | A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board. |
| Chip on Board (COB) LEDs | A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module. |
| Dual In-Line Package (DIP) LEDs | A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins. |
| Graphene LED Lights | A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy. |
| LED Corn Bulbs | LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light". |
| Per Capita Income | Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. |
| Charging Stations | A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles. |
| Headlight | A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights. |
| Day Time Running Light (DRLs) | A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle. |
| Directional Signal Light | Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn. |
| Stop Light | A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped. |
| Reverse Light | The reverse light is at the back of the vehicle to indicate its backward motion. |
| Tail Light | A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it. |
| Fog Light | Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle. |
| Passenger Vehicle | A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats. |
| Commercial Vehicle | A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers. |
| Two Wheelers (2W) | A two-wheeler is a vehicle that runs on two wheels. |
| Streets & Roadways | Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields |
| Horticulture Lighting | Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants. |
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Research Methodology
糖心vlog传媒 has followed the following methodology in all our data center reports.
- Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
- Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
- Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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