The US LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, and more.), Outdoor Lighting (Public Places, Streets and Roadways, and more.), Automotive Utility Lighting, and Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars).

The Report Covers North America Commercial LED Lighting Manufacturers and the Market is Segmented by Application (Retail Stores, Offices, Hospitality Sector, Architectural Sector), by Form Factor (Troffers, Downlights, High Bay, Track Lights, Suspended Pendants), by Distribution Channel (Direct Sales and Retail/Wholesale), and Country.

The United States LED lighting market reached a value of USD 11.77 Billion in 2024. The market is further estimated to grow at a CAGR of 5.30% during 2025-2034 to reach a value of USD 19.73 Billion by 2034.

US LED Market size was valued at USD 13.3 Billion in 2023 and is projected to reach USD 31.97 Billion by 2031, growing at a CAGR of 11.59% from 2024 to 2031.

US LED Market Drivers

Significant Energy Savings: LEDs consume far less electricity compared to traditional incandescent and fluorescent lighting, converting more energy into light rather than heat. This high-efficiency results in substantial cost savings on electricity bills for households, businesses, and industries.

Extended Lifespan: LEDs have a much longer operational life, often lasting up to 25,000 to 50,000 hours, which reduces the frequency and cost of replacements.

High Luminous Efficacy: LEDs offer better lumen output per watt, providing brighter illumination for less energy. This makes them ideal for various applications, from residential lighting to large-scale industrial usage.

Federal and State Programs: Numerous initiatives, such as the Energy Star certification program, provide guidelines and incentives for adopting energy-efficient lighting. Rebates and tax incentives at both federal and state levels help offset the initial cost of transitioning to LED technology.

The North American market for light-emitting diodes is projected to reach around **** billion U.S. dollars by 2022. It is expected that the United States will account for approximately two thirds of the market.

United States LED Lighting Market was valued at USD 12.0 Billion in 2024 and is projected to reach USD 18.41 Billion by 2031, growing at a CAGR of 5.5% during the forecast period 2024-2031.

U.S. LED Lighting Market Drivers

Energy Efficiency: LED lighting offers significantly higher energy efficiency compared to traditional lighting technologies, leading to lower energy costs and reduced carbon emissions.

Longer Lifespan: LED lights have a much longer lifespan than traditional incandescent or fluorescent bulbs, reducing maintenance costs and waste.

Diverse Applications: LED lighting is versatile and can be used in various applications, including residential, commercial, industrial, and outdoor lighting.

Government Incentives and Regulations: Government incentives and energy-efficient regulations are driving the adoption of LED lighting.

The North America LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, and more), Outdoor Lighting (Public Places, and more), Automotive Utility Lighting (Daytime Running Lights (DRL), and more), Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars), and Country (United States, Rest of North America).

The South America Outdoor LED Lighting Market is segmented by Outdoor Lighting (Public Places, Streets and Roadways, Others). Market Volume is presented in Units, and Market Value is presented in USD Million. Key Data Points observed include Population, Per Capita Income, Lighting Electricity Consumption, LED Penetration, Road Network in km, Number of Stadiums, and Horticulture Area.

LED lights are forecast to be gaining popularity between 2020 and 2035 in the United States, notably in outdoor applications. By 2025, LED lights should be installed in 93 percent of outdoor lighting and become the most common light source in all sectors.

• The global industry was valued at US$ 93.2 Bn in 2023
• It is estimated to grow at a CAGR of 7.8% from 2024 to 2034 and reach US$ 211.6 Bn by the end of 2034

LED Lighting Market Overview

Regional Outlook

Market Snapshot

The U.S. LED Lighting market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

The South America LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, Residential), Outdoor Lighting (Public Places, Streets and Roadways, Others), Automotive Utility Lighting (Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, and more), and Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars).

Since they use only a ***** of the electricity required by a comparable incandescent bulb, light-emitting diodes (LEDs) are currently among the most energy-efficient light sources in the world. As more and more countries are getting close to phasing out conventional bulbs, LEDs are continuing their march to the top of the market. The penetration rate of LEDs into the global lighting market was rising between 2012 and 2019 and is expected to reach a penetration of some ** percent in 2025. The global LED market and leading manufacturers The global market size of LED lighting is projected to rise as well, from some ** million U.S. dollars in 2019 to almost 100 U.S. dollars in 2023. Not surprisingly, this market is attracting both old and new players in the lighting industry. The world’s leading light bulb-makers, such as Signify and Osram, and specialized LED manufacturers, such as Cree and Nichia, can all be found on the list of leading LED companies worldwide, generating revenue up to some * billion U.S. dollars from LED sales annually.

The US and European LED lighting markets are experiencing robust growth, driven by increasing energy efficiency regulations, rising consumer awareness of environmental benefits, and the ongoing transition from traditional lighting technologies. The 9.40% CAGR indicates a significant expansion, projected to continue through 2033. Within the US market, the commercial office segment is a major driver, fueled by large-scale retrofits and new construction projects emphasizing sustainability. Retail applications also show strong growth, with smart lighting solutions becoming increasingly prevalent. In Europe, government incentives and stricter environmental standards are accelerating LED adoption across various sectors, including hospitality and industrial settings (warehouses and factories in particular). The industrial segment benefits from the improved durability and lower maintenance requirements of LEDs, particularly in hazardous zones. While the precise market size for the US and Europe is not provided, we can reasonably estimate the US market to be larger than the European market given its larger economy and building stock. However, Europe's proactive environmental policies might lead to a faster adoption rate in certain segments, such as smart city initiatives involving public lighting. The product type segment is diversified, with lamps and luminaires holding significant shares. Distribution channels are also diverse, with direct sales increasingly important for larger commercial projects. Key players like Signify (Philips Lighting), Osram, and GE continue to hold market leadership, but innovative smaller companies are emerging, focusing on niche applications and technological advancements. Competition in the LED lighting market is intense, with established players facing challenges from emerging technologies and new entrants. The ongoing innovation in LED technology, particularly in areas like smart lighting and Internet of Things (IoT) integration, creates new opportunities for market growth. However, price pressure from lower-cost manufacturers and the need for continuous R&D investment remain restraints. The retail and hospitality sectors are expected to continue showing strong adoption of LED solutions driven by aesthetic appeal, energy savings, and enhanced functionalities such as adjustable color temperature and dimming. The industrial sector, particularly in hazardous environments, will benefit from specialized LED solutions offering enhanced safety and reliability. North America and Europe are expected to maintain their dominant position in the global LED lighting market due to high technological advancement, established infrastructure, and robust environmental regulations. The long-term outlook for the US and European LED lighting markets remains highly positive, with continued growth fueled by technological advancements, supportive government policies, and increasing consumer demand for energy-efficient and sustainable lighting solutions. This insightful report delivers a comprehensive analysis of the US and Europe LED lighting market, providing crucial data and forecasts for the period 2019-2033. With a focus on key market segments, including LED lamps, LED luminaires, and diverse applications across commercial offices, retail, hospitality, and industrial sectors, this report offers invaluable insights for businesses, investors, and industry stakeholders. We delve into market dynamics, competitive landscapes, and future growth trajectories, incorporating extensive data on sales in Million units. The base year for analysis is 2025, with estimates for 2025 and a forecast period extending to 2033. Historical data from 2019-2024 provides a robust foundation for our projections. Key drivers for this market are: , Increase in Need for Energy-efficient Lighting Systems and Favorable Government Regulations; Declining Prices of LED Products. Potential restraints include: , High Initial Investment; Development of Alternative Technologies. Notable trends are: Declining Prices of LED Products is Expected to Foster Growth.

U.S LED Lighting market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

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LED Lighting Market Size 2025-2029

The led lighting market size is forecast to increase by USD 47.3 billion, at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the declining manufacturing costs of LED lights. This cost reduction has made LED lighting increasingly competitive with traditional lighting solutions, leading to widespread adoption across various industries. However, the market also faces challenges, including the limited thermal tolerance of LEDs when installed in industrial facilities. This issue can lead to reduced lifespan and performance, necessitating careful consideration in the design and implementation of LED lighting systems. Additionally, the emergence of smart cities is creating new opportunities for LED lighting, as energy efficiency and connectivity become key priorities for urban infrastructure development.
Companies seeking to capitalize on these trends should focus on developing innovative LED lighting solutions that address thermal management challenges and offer advanced features such as energy savings, remote control, and integration with smart city infrastructure. By addressing these market dynamics effectively, businesses can position themselves for success in the evolving LED lighting landscape.

What will be the Size of the LED Lighting Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and its applications across various sectors. Residential lighting integrates energy management systems, LED assembly, and wireless lighting control to create efficient and customizable solutions. In industrial settings, LED high bays, heat sinks, reflectors, and smart lighting control systems enhance building automation and energy efficiency. LED regulations and standards shape the market, influencing the development of LED lenses, certifications, and manufacturing processes. Outdoor lighting applications, including LED streetlights, landscape lighting, and retrofit kits, contribute to energy savings and reduced light pollution. Indoor lighting, hospitality lighting, and retail environments utilize LED panels, color temperature adjustments, and dimmable options for enhanced user experiences.

LED chips and manufacturing processes improve lumen output, power consumption, and color-tunable capabilities. The integration of IoT connectivity, lighting design, and human-centric lighting further expands the market's potential. LED downlights, architectural lighting, and floodlights cater to diverse industries and applications, ensuring the market remains a dynamic and innovative force.

How is this LED Lighting Industry segmented?

The led lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Residential
  Commercial
  Outdoor
  Industrial
  Others


Product

  Luminaries
  Lamps


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions across various applications. In 2024, the residential segment led the market, driven by urbanization and the trend towards energy efficiency. Consumers are now prioritizing trendy and personalized LED lighting systems for home decoration, leading to increased demand. Governments worldwide are also supporting this shift by offering subsidies on LED lighting, recognizing its energy efficiency advantages over traditional lighting. Industrial lighting, including LED high bays, is another major application segment, with the need for robust and long-lasting lighting solutions driving demand.

Smart lighting and lighting control systems are gaining popularity in commercial and industrial settings, with building automation and energy management playing crucial roles. LED regulations and standards ensure the quality and safety of these systems, while LED manufacturing continues to advance with innovations in LED chips, panels, and diffusers. Outdoor lighting, including LED floodlights and spotlights, is essential for safety and security, while LED retrofit kits offer cost-effective upgrades for existing lighting infrastructure. LED streetlights are becoming increasingly common due to their energy efficiency and longevity. Landscape lighting and architect

The global LED lighting market was valued at US$ 94.52 billion in 2024 and is set to reach around US$ 254.23 billion by 2034 at a CAGR of about 10.4% from 2025 to 2034.

United States LED Lighting Market Size, Share, Growth, Trend & US LED Lighting Market Analysis 2020, By General, Automotive, Backlight, By Market Trends, Share, Forecast & Opportunities.

The South America Automotive LED Lighting Market report segments the industry into Automotive Utility Lighting (Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others) and Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars). Get five years of historical data alongside five-year market forecasts.

LED Lighting Market Outlook 2032

The global LED lighting market size was USD 81.39 Billion in 2023 and is likely to reach USD 208.2 Billion by 2032, expanding at a CAGR of 11% during 2024–2032. The market growth is attributed to the growing demand for smart lighting solutions and Increasing research & development activities in LED technology.



Growing urbanization and infrastructural development are anticipated to boost the demand for LED lighting. Rapid urbanization, especially in emerging economies, is leading to the construction of new residential and commercial buildings. These structures require efficient and sustainable lighting solutions, a demand that LED lights are well-equipped to meet. Additionally, the development of smart cities and the integration of lighting with Internet of Things (IoT) technology are creating new opportunities for the LED lighting market.

Rising environmental consciousness is expected to fuel the LED lighting market. Consumers are becoming increasingly aware of the environmental impact of their choices, including their choice of lighting. LED lights are free from harmful chemicals such as mercury, which are present in traditional lighting solutions. This environmental safety, combined with their energy efficiency, makes LED lights a preferred choice for eco-conscious consumers.

Impact of Artificial Intelligence (AI) in LED Lighting Market

Artificial Intelligence (AI) has a positive impact on LED lighting market. AI enables the integration of LED lights with smart technologies, creating intelligent lighting systems that adapt to user behavior and environmental conditions. These systems automatically adjust the lighting based on factors such as natural light availability, room occupancy, and specific tasks being performed, enhancing energy efficiency and user comfort. Furthermore, AI allows for predictive maintenance of LED lights, where potential issues are identified and addressed before they lead