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LED Lighting Market in North America 2018-2022

LED Lighting Market in North America 2018-2022

About LED lighting

LED is a semiconductor diode electronic device that emits light when current passes through it.

Technavio’s analysts forecast the LED lighting market in North America to grow at a CAGR of 11.78% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the LED lighting market in North America for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of LED lighting.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, LED Lighting Market in North America 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acuity Brands
  • Cree
  • Eaton
  • GENERAL ELECTRIC
  • Koninklijke Philips
  • OSRAM
Market driver
  • Declining manufacturing cost of LEDs
  • For a full, detailed list, view our report
Market challenge
  • High average cost per LED fixture
  • For a full, detailed list, view our report
Market trend
  • New guidelines and government policies for smart lighting
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – LED Lighting Market in North America 2018-2022

Technavio recognizes the following companies as the key players in the LED lighting market in North America: Acuity Brands, Cree , Eaton , GENERAL ELECTRIC , Koninklijke Philips, OSRAM

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is New guidelines and government policies for smart lighting. Energy efficiency has become a major global concern nowadays, particularly as a result of global warming and the rapid depletion of non-renewable energy sources. The increased power consumption has resulted in several countries framing policies that ban the use of incandescent light bulbs in a phased manner, which have a relatively low power efficiency.”

According to the report, one of the major drivers for this market is Declining manufacturing cost of LEDs. The manufacturing cost of LEDs has declined steadily since 2012 and will continue to decline during the forecast period. This decline can be mainly attributed to the decreasing ASP of chips and components used in the manufacturing process of LED devices. The decline in the manufacturing cost of LEDs is also reducing the initial installation cost of LED lamps and fixtures, which will accelerate the installation of new LED lamps and fixtures across all application segments.

Further, the report states that one of the major factors hindering the growth of this market is High average cost per LED fixture. Though the total cost of owning LED lamps and fixtures is low compared to traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance. The total cost of installation includes the cost of LED luminaires and labor charges. In addition, consumers who install smart lighting fixtures require plenty of resources to set up an IoT infrastructure. The price of incorporating smart bulbs in a fixture also varies depending on the type of manufacturer.

Companies Mentioned

Acuity Brands, Cree , Eaton , GENERAL ELECTRIC , Koninklijke Philips, OSRAM

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent rket
      • Table Global general lighting market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Market size and forecast 2017-2022 ($ bn)
      • Table Year-over-year growth 2018-2022 (%)
      • Table Cost comparison analysis of incandescent bulbs and LEDs
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
      • Table Definition of LED lighting products in application segments
    • Comparison by application
      • Table Comparison by application
    • Residential - Market size and forecast 2017-2022
      • Table Residential - Market size and forecast 2017-2022 ($ bn)
      • Table Residential - Year-over-year growth 2018-2022 (%)
    • Commercial - Market size and forecast 2017-2022
      • Table Commercial - Market size and forecast 2017-2022 ($ bn)
      • Table Commercial - Year-over-year growth 2018-2022 (%)
    • Industrial - Market size and forecast 2017-2022
      • Table Industrial - Market size and forecast 2017-2022 ($ bn)
      • Table Industrial - Year-over-year growth 2018-2022 (%)
    • Outdoor - Market size and forecast 2017-2022
      • Table Outdoor - Market size and forecast 2017-2022 ($ bn)
      • Table Outdoor - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ bn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • LED lamps - Market size and forecast 2017-2022
      • Table LED Lamps - Market size and forecast 2017-2022 ($ bn)
      • Table Lamps - Year-over-year growth 2018-2022 (%)
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Lifespan of LEDs, incandescent bulbs, and CFLs
      • Table Comparison of features of LEDs, incandescent bulbs, and CFLs
    • LED luminaires - Market size and forecast 2017-2022
      • Table LED luminaires - Market size and forecast 2017-2022 ($ bn)
      • Table Luminaires - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Manufacturing cost of LEDs 2012-2022 ($/Klm)
      • Table Degree of urbanization by continent 2017
    • Market challenges
      • Table Price comparison of connected bulbs from different manufacturers
  • Market trends
    • Growing traction for intelligent lighting systems
    • Emergence of smart cities
    • Rising number of smart homes in North America
      • Table Smart home penetration rate by geography 2017 and 2022
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Acuity Brands
      • Table Acuity Brands overview
      • Table Acuity Brands - Business segments
      • Table Acuity Brands - Organizational developments
      • Table Acuity Brands - Geographic focus
      • Table Acuity Brands - Segment focus
      • Table Acuity Brands - Key offerings
    • Cree
      • Table Cree overview
      • Table Cree - Business segments
      • Table Cree - Organizational developments
      • Table Cree - Geographic focus
      • Table Cree - Segment focus
      • Table Cree - Key offerings
    • Eaton
      • Table Eaton overview
      • Table Eaton - Business segments
      • Table Eaton - Organizational developments
      • Table Eaton - Geographic focus
      • Table Eaton - Segment focus
      • Table Eaton - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC- Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Koninklijke Philips
      • Table Koninklijke Philips overview
      • Table Koninklijke Philips - Business segments
      • Table Koninklijke Philips - Organizational developments
      • Table Koninklijke Philips - Geographic focus
      • Table Koninklijke Philips - Segment focus
      • Table Koninklijke Philips - Key offerings
    • OSRAM
      • Table OSRAM overview
      • Table OSRAM - Business segments
      • Table OSRAM - Organizational developments
      • Table OSRAM - Geographic focus
      • Table OSRAM - Segment focus
      • Table OSRAM - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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