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US LED Downlight Market Report by Product Type (Luminaire, Lamp and Retrofits), Application (Retrofit, Retail & Hospitality, Outdoor, Offices, Architectural, Residential, Manufacturing, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A1797
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Market Overview:
The US LED downlight market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
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Report Attribute
|
Key Statistics
|
|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 4.6 Billion |
| Market Forecast in 2032 | US$ 8.7 Billion |
| Market Growth Rate (2024-2032) | 7.1% |
LED downlights are defined as recessed light fixtures which are mounted into a hollow opening in a ceiling. These lights are extensively used across residential and commercial spaces. LED downlights are energy efficient as well as eco-friendly lighting solutions, which emit light in the downward direction with a narrow beam. These lights have a relatively longer lifespan with minimum heat radiation. They currently find wide applications in shopping malls, offices, living rooms, kitchens, bathrooms, etc.
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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LED downlights are proficient of enduring tough conditions such as external shocks and vibrations, extreme weather conditions, and traffic-related public exposure, etc. This has resulted in LED downlights turning into one of the most favoured choices for outdoor lighting systems. In addition, the sales of these lights are also proliferating since they consume a significant lower amount of electricity and emit lesser amount of ultraviolet (UV) rays and heat. Apart from this, on account of the rising prices of electricity in several developing economies, the governments are taking initiatives to encourage the widespread incorporation of LED lights across various sectors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the US LED downlight market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Luminaire
- Lamp and Retrofits
Breakup by Application:
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.
To get more information on the regional analysis of this market, Request Sample
- Retrofit
- Retail & Hospitality
- Outdoor
- Offices
- Architectural
- Residential
- Manufacturing
- Others
Breakup by Region:
- South
- West
- Northeast
- Midwest
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Acuity Brands Inc., Bridgelux Inc., Cree Inc., Eaton Corporation, Everlight Electronics, Feit Electric Company Inc., General Electric Company, Hubbell Incorporated, Lsi Industries, Osram Licht Ag, Phillips Electronics and Samsung Electronics Co. Ltd.
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, Region |
| Region Covered | South, West, Northeast, Midwest |
| Companies Covered | Acuity Brands Inc., Bridgelux Inc., Cree Inc., Eaton Corporation, Everlight Electronics, Feit Electric Company Inc., General Electric Company, Hubbell Incorporated, Lsi Industries, Osram Licht Ag, Phillips Electronics and Samsung Electronics Co. Ltd. |
| 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) |
The US LED downlight market was valued at US$ 4.6 Billion in 2023.
We expect the US LED downlight market to exhibit a CAGR of 7.1% during 2024-2032.
The growing demand for LED downlights in the commercial and residential sectors, as energy-efficient, eco-friendly, and safer lighting solutions is primarily driving the US LED downlight market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for LED downlights.
Based on the product type, the US LED downlight market has been segregated into luminaire, and lamp and retrofits. Currently, luminaire holds the largest market share.
Based on the application, the US LED downlight market can be bifurcated into retrofit, retail & hospitality, outdoor, offices, architectural, residential, manufacturing, and others. Among these, retrofit exhibits a clear dominance in the market.
On a regional level, the market has been classified into South, West, Northeast and Midwest, where South currently dominates the US LED downlight market.
Some of the major players in the US LED downlight market include Acuity Brands Inc., Bridgelux Inc., Cree Inc., Eaton Corporation, Everlight Electronics, Feit Electric Company Inc., General Electric Company, Hubbell Incorporated, Lsi Industries, Osram Licht Ag, Phillips Electronics, and Samsung Electronics Co. Ltd.
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