Market Size of us led lighting Industry
| 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 |
Major Players |
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*Disclaimer: Major Players sorted in no particular 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.
Understand The Key Trends Shaping This Market
