North America Kitchen Lighting Market Growth Sturdy at 7.1% CAGR to Outstrip $8,208.52 Million by 2028 - COVID-19 Impact and Global Analysis by Business Market Insights

The kitchen lighting market in North America is expected to grow from US$ 5,066.27 million in 2021 to US$ 8,208.52 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

The adoption of LED lights is growing rapidly, and it is transforming the definition and scope of lighting technology. LEDs dramatically reduce energy consumption and help save money by cutting power costs, with an estimated energy efficiency of 80-90% compared to traditional light bulbs. The LED lights are 80% more efficient, and far more environmentally friendly than fluorescent and incandescent lights. These lights have a slightly higher initial cost, but their energy efficiency and longevity make up for it. Due to their longer life and light output per kilowatt, LEDs provide a substantially faster return on investment. Traditional lights and CFLs require frequent replacements than LED lights built. Given the additional savings achieved from decreased power costs, every segment of society gains from their adoption.

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key companies profiled in this research study are:
Cree Lighting
OSRAM Licht AG
Panasonic Corporation
Signify Holding (Philips)
Hubbell Incorporated
Lutron Electronics Co., Inc
ACUITY BRANDS, INC.
GE Lighting
Kichler Lighting LLC
Häfele GmbH & Co KG

North America Kitchen Lighting Market Segmentation:
North America Kitchen Lighting Market, by Type:
General Kitchen Lighting
Task Kitchen Lighting
Decorative Kitchen Lighting

North America Kitchen Lighting Market, by Source:
Fluorescent
LED and OLED

North America Kitchen Lighting Market, by Product:
Island Lights
Pendant Lights
Ceiling Lights
Chandeliers
Track Lighting
Under Cabinet Lighting
Others

North America Kitchen Lighting Market, by Country:
US
Canada
Mexico

The reports cover key developments in the North America Kitchen Lighting Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

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Business Market Insights dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of North America Kitchen Lighting Market Report:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Kitchen Lighting Market.
Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the North America Kitchen Lighting Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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