Lighting Products Market is expect to reach US$ 285.84 Billion by 2024

The U.S. lighting products market exhibits the presence of varied players and a large number of retailers. With the leading players vying to gain the lion’s share, the U.S. lighting products market exhibits a highly competitive landscape. Moreover, this lighting industry operates at surplus of products, causing fiercer rivalry among players, finds Transparency Market Research (TMR) in a recent study.

Besides the rising residential and non-residential construction, the U.S. lighting products market is immensely gaining from the high demand for retrofitting and renovation across existing U.S. households. According to Transparency Market Research (TMR), the U.S. lighting products market is poised to exhibit a CAGR of 5.0% between 2014 and 2024. At this pace, the market’s valuation will reach US$285.84 bn by 2024 from US$185.65 bn in 2015. By volume, the market stood at 3.86 bn units in 2015.

Among Standalone Types, Others Segment Forecast to Lose Share in Coming Years

The U.S. lighting products market can be segmented on the basis of lighting fixture, application, standalone type, and retailer. Based on standalone type, T8 LED bulbs and tubes, LED bulbs and others are the key market segments. Of these, the LED tubes held above 23% of the market in 2015, while the others segment emerged dominant with a share of nearly 51%. However, the others segment is expected to lose is shares in the coming years on account of the declining adopting of incandescent bulbs and the correspondingly rising adoption of LED tubes and bulbs in the U.S. This trend is likely to become widespread across commercial as well as residential sectors thus fuelling opportunities for the lighting products manufacturers across the U.S.

Obtain Report Details @
http://www.transparencymarketresearch.com/us-lighting-products-market.html

U.S. Lighting Products Market: Scope of the Report

The market overview section of the report demonstrates the market dynamics such as the driver, restraint, and opportunity that influence the current nature and future status of this market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to give a thorough understanding of the overall scenario for the U.S. lighting product market. Moreover, the report provides an overview of the various strategies adopted by key players present in the market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market growth during the forecast period.

U.S. Lighting Product Market: Key Segments

The report segments the market on the basis of standalone type that includes LED Tubes & Bulbs, T8 LED tubes & bulbs and Others (Incandescent, High Intensity Discharge). The market is also segmented on the basis of lighting fixture to include ceiling fixtures, recessed lighting fixture, strip light fixture and others (chandeliers, pendants, etc.). The application of these lighting products are considered in various areas such as residential, commercial, industrial and outdoor. The outdoor application of lighting includes garage parking, landscape and streetlight. The report provides in-depth segment analysis of the U.S. market, thereby providing valuable insights at the macro as well as micro levels.

Make an Enquiry @
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=185

U.S. Lighting Product Market: Competitive Landscape

The report also highlights the competitive landscape of the U.S. product lighting market, thereby positioning all the major players according to their presence in the U.S. and recent key developments initiated by them in lighting product market. The comprehensive lighting product market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the U.S. lighting product market growth.

The Home Depot, Lowes, Target, Wal-Mart, Bed Bath & Beyond, Sam's Club, Costco, Menards are some of the major players operating within the U.S. lighting product market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of the company profiling.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.