United States LED Lighting Market to be Driven by Rising Consumer Awareness in the Forecast Period of 2021-2026

July 15 16:35 2021
United States LED Lighting Market to be Driven by Rising Consumer Awareness in the Forecast Period of 2021-2026

United States LED Lighting Market Report and Forecast 2021-2026
United States LED Lighting Market Size, Share, Price, Trends, Growth, Analysis, Demand, Key Players, Outlook, Report, Forecast 2021-2026 | ExpertMarketResearch.com

The new report by Expert Market Research titled, ‘United States LED Lighting Market Report and Forecast 2021-2026’, 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.

 

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

 

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

 

The key highlights of the report include:

 

Market Overview (2016-2026)

 

  • Historical Market Size (2020): USD 7.2 Billion
  • Forecast CAGR (2021-2026): 9.3%

 

In the historical period 2016-2020, 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 [email protected] 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

 

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., Osram Licht AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., Cree Inc., General Electric Company, and Hubbell Incorporated. 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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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

 

About Us:

 

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

 

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

 

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

 

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

 

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

 

Also [email protected] https://expertmarketresearch-emr.blogspot.com/2021/06/united-states-led-lighting-market.html

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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