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US LED Downlight Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 117 Pages
  • September 2023
  • Region: United States
  • IMARC Group
  • ID: 5656462
The US LED downlight market size reached US$ 4.3 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.

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.

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:

The publisher 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 2023-2028. The report has categorized the market based on product type and application.

Breakup by Product Type:

  • Luminaire
  • Lamp and Retrofits

Breakup by Application:

  • 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.

Key Questions Answered in This Report

1. What was the size of the US LED downlight market in 2022?
2. What is the expected growth rate of the US LED downlight market during 2023-2028?
3. What are the key factors driving the US LED downlight market?
4. What has been the impact of COVID-19 on the US LED downlight market?
5. What is the breakup of the US LED downlight market based on the product type?
6. What is the breakup of the US LED downlight market based on the application?
7. What are the key regions in the US LED downlight market?
8. Who are the key players/companies in the US LED downlight market?
Frequently Asked Questions about the US LED Downlight Market

What is the estimated value of the US LED Downlight Market?

The US LED Downlight Market was estimated to be valued at $4.3 Billion in 2022.

What is the growth rate of the US LED Downlight Market?

The growth rate of the US LED Downlight Market is 7.9%, with an estimated value of $6.8 Billion by 2028.

What is the forecasted size of the US LED Downlight Market?

The US LED Downlight Market is estimated to be worth $6.8 Billion by 2028.

Who are the key companies in the US LED Downlight Market?

Key companies 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 and Osram Licht Ag.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 United States LED Downlight Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 United States LED Downlight Market: Breakup by Region
6.1 South
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 West
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Northeast
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Midwest
6.4.1 Market Trends
6.4.2 Market Forecast
7 United States LED Downlight Market: Breakup by Application
7.1 Retrofit
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retail & Hospitality
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Outdoor
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Offices
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Architectural
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Residential
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Manufacturing
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 United States LED Downlight Market: Breakup by Product Type
8.1 Luminaire
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Lamp and Retrofits
8.2.1 Market Trends
8.2.2 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
10.1 Primary Raw Materials Suppliers
10.2 LED Chip Manufacturers
10.3 LED Package and Module Manufacturers
10.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
10.5 Product Distribution
10.6 End Users
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Key Success and Risk Factors for LED Downlight Manufacturers13 Comparative Analysis of CFL and LED
14 Price Analysis
14.1 Key Price Indicators
14.2 Price Structure
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Acuity Brands Inc.
15.3.2 Cree Inc.
15.3.3 General Electric Company
15.3.4 Eaton Corporation
15.3.5 Osram Licht Ag
15.3.6 Samsung Electronics Co. Ltd
15.3.7 Everlight Electronics
15.3.8 Hubbell Incorporated
15.3.9 Feit Electric Company Inc.
15.3.10 Phillips Electronics
15.3.11 Bridgelux, Inc.
15.3.12 LSI Industries Inc.

Companies Mentioned

  • 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
  • Samsung Electronics Co. Ltd.

Methodology

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