Press release
North America LED Lighting Market to Reach USD 10.41 Billion by 2022, Projected to Grow 8.8% CAGR Through 2030
North America LED Lighting Market
LEDs have become the cornerstone of energy conservation initiatives due to their high efficiency, long operational lifespan, and cost-saving potential. According to the U.S. Department of Energy, ENERGY STAR-certified LED products consume at least 75% less energy than conventional incandescent bulbs and last up to 25 times longer. By 2035, a majority of U.S. lighting installations are expected to rely on LED technology, resulting in potential annual energy savings of approximately 569 terawatt-hours-equivalent to the energy output of 92 power plants.
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Key Highlights from the Report
➤ Market size valued at USD 10.41 billion in 2022, projected at an 8.8% CAGR through 2030.
➤ ENERGY STAR LEDs consume 75% less energy and last 25 times longer than incandescent lights.
➤ Indoor lighting leads with a 66.5% share, while outdoor LED adoption grows fastest at 10.3% CAGR.
➤ Luminaires dominate product use with a 65.5% market share driven by commercial demand.
➤ Commercial spaces hold over 50.5% market share, supported by rebate programs and sustainability goals.
➤ Smart and connected lighting systems expand rapidly across offices, smart homes, and retail outlets.
Market Segmentation
By product, the market divides into lamps and luminaires. The luminaires segment accounted for over 65.5% share in 2022, primarily boosted by the demand for downlights, troffers, and linear fixtures in offices, hospitals, and retail establishments. Manufacturers are continuously innovating to offer visually comfortable and high-efficiency designs.
The lamps segment is set to register the highest CAGR of 9.1% through 2030, fueled by technological advancements in A-lamps and T-lamps. Regulatory measures, such as the ban on non-compliant incandescent bulbs in January 2020, further encourage LED lamp usage. Additionally, Canada's import certification reforms are fostering quality and compliance for LED products.
By application, LEDs are segmented into indoor and outdoor lighting. Indoor environments-residential, office, and commercial-dominate usage due to cost efficiency, product availability, and user-friendly designs. The outdoor segment, including streetlights and walkways, is expanding at a projected CAGR of 10.3%, driven by smart city initiatives and urban infrastructure modernization.
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Regional Insights
The United States captured 78.2% of the regional market share in 2022 and will retain its dominance through 2030. The country's ongoing construction boom, aided by federal investments in public infrastructure, is propelling large-scale LED installations. Prominent domestic manufacturers such as Cree, Inc., GE Lighting, and Acuity Brands play a major role in expanding adoption through innovative product portfolios and smart lighting solutions.
Canada is poised to witness the fastest growth at a CAGR of 10.5% during the forecast period. Rising residential and commercial construction in Vancouver and Toronto, paired with mandatory energy labeling and ENERGY STAR certification initiatives, are creating new market opportunities.
Market Dynamics
Market Drivers:
Growing adoption of intelligent and connected lighting systems is energizing market growth. Reduced energy consumption, supportive government rebates, and increasing demand for smart illumination in commercial buildings and residential complexes are propelling LED sales across North America.
Market Restraints:
High initial installation costs and maintenance complexity of connected systems can deter smaller consumers. Import fluctuations and regulatory certification challenges also add to short-term barriers.
Market Opportunities:
Emerging advancements in horticultural LEDs and solar-powered outdoor lighting technologies are opening new growth avenues. IoT-enabled lighting systems for smart homes, green infrastructure, and public works projects are forecast to drive strong market expansion.
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Reasons to Buy the Report
✔ Understand evolving market dynamics and LED adoption drivers across sectors.
✔ Identify growth opportunities in smart lighting and energy-efficient product categories.
✔ Study competitive strategies of top market participants and technology innovators.
✔ Gain insight into regional performance and government initiatives across the U.S. and Canada.
✔ Access in-depth forecasts, segment analysis, and emerging industry trends for informed decisions.
Frequently Asked Questions (FAQs)
◆ How big is the North America LED lighting market in 2022?
◆ What is the projected growth rate (CAGR) of the North America LED lighting market?
◆ Which LED product type holds the dominant market share across the region?
◆ What factors are driving LED adoption in commercial and residential applications?
◆ Which country is expected to lead the North America LED lighting market by 2030?
Company Insights
Acuity Brands Lighting, Inc.
Eaton Corporation
WOLFSPEED, Inc.
Digital Lumens Incorporated
General Electric Company
Hubbell Incorporated
LSI Industries Inc.
LumiGrow, Inc.
OSRAM GmbH
Panasonic Holdings Corporation
Signify Holding
Vishay Intertechnology, Inc.
Recent Developments:
June 2023 - OSRAM launched the OSLON Square Hyper Red horticulture LED, offering improved plant growth efficiency and higher PPF performance.
June 2023 - Philips introduced a durable range of solar-powered LED outdoor lamps with enhanced energy savings.
March 2023 - Cree LED unveiled its J Series 5050C E Class LEDs, delivering industry-leading efficacy of 228 LPW and superior corrosion resistance.
October 2021 - LTF, LLC. announced a five-channel RGBW+WW controller module providing 300W capacity for custom LED lighting solutions.
Conclusion
The North America LED lighting market is moving toward a sustainable, connected future fueled by energy efficiency mandates, smart lighting technology, and rising construction investments. With the U.S. leading adoption and Canada emerging as a high-growth market, the region is set to witness significant transformation through 2030. Continuous innovation in luminaires, solar-powered solutions, and intelligent lighting systems positions the industry at the forefront of the energy transition era.
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DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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