North America LED Lighting Market Report by Product Type (LED Lamps and Modules, LED Fixtures), Application (Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Residential, and Others), and Country 2024-2032

North America LED Lighting Market Report by Product Type (LED Lamps and Modules, LED Fixtures), Application (Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Residential, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1704
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Market Overview:

The North America LED lighting market size reached US$ 20.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 43.2 Billion by 2032, exhibiting a growth rate (CAGR) of 8.4% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 20.5 Billion
Market Forecast in 2032
US$ 43.2 Billion
Market Growth Rate 2024-2032 8.4%

Light-emitting diodes (LED) are semiconductor devices that produce non-coherent and narrow spectrum light when forward voltage is applied. As compared to conventional lights, LED lights are environment-friendly in nature and they save around 90% of the overall energy consumption. Some of the other advantages associated with LED lights include reliability, compact size, fast switching, longer lifespan, improved physical robustness, low heat output and minimum radiation emission. LED lights require a constant-current DC power source rather than a standard AC line voltage. Owing to this, LED lights find wide applications in industries such as automobiles, real estate, infrastructures, and consumer electronics.




Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The North America LED lighting market is currently being driven by several factors. The booming lighting industry can be accredited to the rising demand for energy-efficient products and up-gradation of existing products with LEDs. Moreover, the technological innovations, increasing awareness among consumers about the benefits associated with LEDs and the rising environmental concerns have stimulated the market growth in the region. In addition to this, several applications of LEDs in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, street lighting, academics and research purposes have also spurred their demand. Furthermore, the increasing marketing initiatives by manufacturers, through various advertising mediums such as newspaper, television, etc., have catalyzed the growth of LED market in the region. 

IMARC Group’s latest report provides a deep insight into the North America LED lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America LED lighting market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America LED lighting market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on product type and application.

  • Key Regions Analysed
    • United States
    • Canada
    • Mexico
  • Analysis for Each Country
  • Market by Product Type
    • LED Lamps and Modules
    • LED Fixtures
  • Market by Application
    • Retrofit
    • Retail and Hospitality
    • Outdoor
    • Offices
    • Architectural
    • Residential
    • Others
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations
  • Competitive Landscape
    • Competitive Structure
    • Key Player Profiles

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Country 
Countries Covered United States, Canada, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The North America LED lighting market was valued at US$ 20.5 Billion in 2023.

We expect the North America LED lighting market to exhibit a CAGR of 8.4% during 2024-2032.

The rising consumer preferences toward eco-friendly and energy-efficient lighting sources, such as LED lights, as they contain zero toxic elements, are primarily driving the North America LED lighting market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations, resulting in the temporary closure of numerous manufacturing units for LED lighting.

Based on the product type, the North America LED lighting market has been segregated into LED lamps and modules and LED fixtures, where LED lamps and modules currently exhibit a clear dominance in the market.

Based on the application, the North America LED lighting market can be bifurcated into retrofit, retail and hospitality, outdoor, offices, architectural, residential, and others. Currently, residential holds the largest market share.

On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America LED lighting market.

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North America LED Lighting Market Report by Product Type (LED Lamps and Modules, LED Fixtures), Application (Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Residential, and Others), and Country 2024-2032
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