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Home business United States LED Lighting Market Size, Share, Growth, Report, Forecast 2024-2032

United States LED Lighting Market Size, Share, Growth, Report, Forecast 2024-2032

United States LED Lighting Market

The new report by Expert Market Research titled, ‘United States LED Lighting Market Size, Share, Price, Trends, Report and Forecast 2024-2032’, gives an in-depth analysis of the United States LED lighting market, assessing the market based on its segments like type, technology, application, end use and regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/united-states-led-lighting-market/requestsample

The key highlights of the report include:

Market Overview (2018-2032)

Historical Market Size (2023): USD 10.75 billion
Forecast CAGR (2024-2032): 8.6%

In the historical period 2018-2032, there was a substantial rise in the sales of LED lights, with a noticeable slump during the COVID-19 pandemic. However, given the advantages of LED lights over other forms of lights, the demand is expected to have a resurgence soon.

The rise in complementary industrial infrastructure, especially automobile and construction, is expected to have a positive effect on the industry. In the United States, the market for LEDs is mainly dominated by industrial infrastructure, but the demand from private individuals is also expected to rise significantly.

The American LED lighting market does not have a monopoly of a particular group, because these companies have been mainly focused on expanding in other countries too.

Industry Definition and Major Segments

LED (Light Emitting Diode) lights are a relatively newer alternative to incandescent filament bulbs and plasma tube lights. They require lesser electricity, emit greater brightness and emit lesser heat. They are also relatively smaller and can be replaced more easily as compared to incandescent bulbs. They have been used in multiple applications like general house lights, streetlights and lights in automobiles.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/united-states-led-lighting-market

The United States LED lighting market can be segmented by type as follows:

Panel Lighting
Down Lighting
Flood Lighting
Street Lighting
Tube Lighting
Bulbs
Others

On the basis of technology, the market can be segmented into:

Smart LED Lighting
Regular LED Lighting

Based on application, the market can be differentiated into:

Indoor
Outdoor

It can be classified on the basis of end use into:

Residential
Commercial
Industrial
Others

The market for LED lighting is found in different regions like:

New England
Mideast
Great Lakes
Plains
Southeast
Southwest
Rocky Mountains
Far West

United States LED Lighting Market Trends

LED lights offer significant advantages because of their greater luminous intensity, lower energy usage and direction light. Government regulations on workplace illumination prescribe a particular level of brightness at workplaces, pushing companies to invest in LED lights because of their advantages. The popularity of LED lights has also increased because of a general decline in their prices.

As governments start integrating smart cities, the demand for LEDs is expected to increase further in their usage in smart lighting. As consumers become more aware about the differences in the prices and the environmental impact because LEDs use lesser electricity, the demand for LED lights is expected to rise and expand the overall value of the LED lighting market.

Key Market Players

The major players in the market are

  • Signify S.A.
  • ams-OSRAM AG
  • Eaton Corporation Inc.
  • Acuity Brands Lighting, Inc.
  • SMART Global Holdings, Inc.
  • GE Lighting, Inc.
  • Hubbell Incorporated
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

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Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: [email protected]
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Website: https://www.expertmarketresearch.com

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