North America LED Lighting Market Size

The North America LED Lighting Market is projected to experience growth over the forecast period, with the commercial sector currently holding the largest market share, followed by industrial, residential, and agricultural sectors. The industrial sector's market share is anticipated to increase, driven by rising industrial production and demand for indoor lighting. In Canada, market volatility in the commercial real estate sector and investments in energy-efficient street lighting are expected to boost demand for indoor lighting products. The US market dominates in terms of value and volume, with increased vehicle production contributing to the demand for automotive LEDs. Additionally, the growing interest in electric vehicles across North America is expected to further enhance LED market penetration.

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Market Size of north america led lighting Industry

North America LED Lighting Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 11.29 Billion
svg icon Market Size (2030) USD 14.17 Billion
svg icon Largest Share by Indoor Lighting Commercial
svg icon CAGR (2024 - 2030) 3.85 %
svg icon Largest Share by Country United States

Major Players

North America LED Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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North America LED Lighting Market Analysis

The North America LED Lighting Market size is estimated at 11.29 billion USD in 2024, and is expected to reach 14.17 billion USD by 2030, growing at a CAGR of 3.85% during the forecast period (2024-2030).

11.29 Billion

Market Size in 2024 (USD)

14.17 Billion

Market Size in 2030 (USD)

-0.41 %

CAGR (2017-2023)

3.85 %

CAGR (2024-2030)

Largest Segment by Automotive Vehicle Lighting

91.62 %

value share, Passenger Cars, 2023

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The majority of the passenger car production comes from the US. In 2022, 5.7% of US car sales were EV sales, up from 3.2% in 2021. The overall sales increased 43% in 2022 compared to 2021.

Largest Segment by Indoor Lighting

65.14 %

value share, Commercial, 2023

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The US contributes more than 9.1 billion sq. ft of office inventory space in the region. Canada's growth experienced in the Class A office market.

Largest Segment by Outdoor Lighting

79.54 %

value share, Public Places, 2023

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With the emphasis on smart cities and the need for energy efficiency, the demand for LED lighting is increasing.

Largest Segment by Country

78.93 %

value share, United States, 2023

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The growing demand for EVs, increasing startups, and infrastructure construction projects drive the segment growth.

Leading Market Player

26.42 %

market share, ACUITY BRANDS INC., 2022

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Acuity Brands is one of the largest lighting manufacturers in North America. In June 2021, Acuity Brands Inc. acquired ams OSRAM’s Digital Systems (DS) business in North America.

Increasing demand for industrial production, rising need for storage space, and increasing availability of office space drives demand in the market

  • In terms of value share, in 2023, the commercial sector accounted for the majority of the share, followed by industrial and warehouse (I&W), residential, and agricultural sectors. The market share of I&W is expected to increase in the coming years, while the remaining sectors will gain nominal shares. US industries faced several internal and external headwinds, such as weak domestic consumption, semiconductor crunch, plant closures, and supply chain disruptions caused by the surge of COVID-19. Further, the United States sustained its industrial production in 2021, reaching USD 2,497.1 billion, an increase of 11.55% compared to 2020.
  • Industrial production grew by 0.2% Y-o-Y in the United States in May 2023, after an upwardly revised rise of 0.4% in April 2023. Mining went up 5%, utilities dropped 3.8% and manufacturing fell 0.3%. Further, Mexico’s production reached USD 230.07 billion, an increase of 21.44% in manufacturing output compared to 2020. Thus, the growing industrial production in this region is expected to create more demand for indoor lighting in the coming years.
  • The Canadian commercial real estate sector has been facing increasing market volatility since the middle of 2022. The financial, technology, and life sciences sectors drive demand for office space with leasing rates increasing compared to 2021. Employment gains were registered in construction, warehouse industries, and other sectors. In December 2022, 104k jobs were added in Canada. The availability of national offices in the Q4 2022 accounted for 16.5%, which was higher than in Q3 of 2022 and Q4 of 2021. These instances are expected to create more demand for office spaces in the near future, creating more need for indoor lighting products across the region.
North America LED Lighting Market

An increase in small businesses, replacement of conventional lighting, and transition to EVs drive the market demand

  • In terms of value and volume share, in 2023, the US LED light market accounted for the majority of the share, followed by the Rest of North America. The domestic vehicle production in the US increased from 9.1 million units in 2021 to 10.06 million units in 2022. The vehicle production included cars and commercial vehicles. In Canada, vehicle production increased by 10.2% compared to 2021, accounting for 1.2 million units. The increase in domestic vehicle production creates more demand for automotive LEDs in the market.
  • In 2022, there were 33.2 million small businesses in the United States. The five fast-growing start-ups are headquartered in San Francisco. About 40% of US start-ups have at least one woman in a leadership position. Over 65% of small businesses reported profits in 2022. The above instances are expected to create more demand for indoor commercial LEDs in the coming years.
  • Canadian cities are investing more in energy-efficient street lighting systems to replace or upgrade aging systems. For example, as part of the green energy initiative by the Municipal Climate Change Action Centre, teams upgraded the arena lighting by installing 136 new high and low arena LED luminaires and LED strips at Kimplex Arena in Alberta, Canada.
  • On the other hand, demand for EVs grew in many countries in North America, leading to an increase in LED penetration. Mexico recorded 1.08 million new car sales in 2022, a 7% improvement from 2021, and US EV sales increased by 65% in 2022. The US Commercial Service Mexico estimates strong opportunities in sub-sectors of the automotive industry in OE parts, aftermarket, and electric vehicle (EV) parts.

North America LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting. United States are covered as segments by Country.

  • In terms of value share, in 2023, the commercial sector accounted for the majority of the share, followed by industrial and warehouse (I&W), residential, and agricultural sectors. The market share of I&W is expected to increase in the coming years, while the remaining sectors will gain nominal shares. US industries faced several internal and external headwinds, such as weak domestic consumption, semiconductor crunch, plant closures, and supply chain disruptions caused by the surge of COVID-19. Further, the United States sustained its industrial production in 2021, reaching USD 2,497.1 billion, an increase of 11.55% compared to 2020.
  • Industrial production grew by 0.2% Y-o-Y in the United States in May 2023, after an upwardly revised rise of 0.4% in April 2023. Mining went up 5%, utilities dropped 3.8% and manufacturing fell 0.3%. Further, Mexico’s production reached USD 230.07 billion, an increase of 21.44% in manufacturing output compared to 2020. Thus, the growing industrial production in this region is expected to create more demand for indoor lighting in the coming years.
  • The Canadian commercial real estate sector has been facing increasing market volatility since the middle of 2022. The financial, technology, and life sciences sectors drive demand for office space with leasing rates increasing compared to 2021. Employment gains were registered in construction, warehouse industries, and other sectors. In December 2022, 104k jobs were added in Canada. The availability of national offices in the Q4 2022 accounted for 16.5%, which was higher than in Q3 of 2022 and Q4 of 2021. These instances are expected to create more demand for office spaces in the near future, creating more need for indoor lighting products across the region.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
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
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
Country
United States
Rest of North America
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North America LED Lighting Market Size Summary

The North America LED Lighting Market is poised for steady growth, driven by increasing demand across various sectors. The commercial sector currently holds the largest market share, with the industrial and warehouse sectors expected to see significant growth in the coming years. Despite challenges such as supply chain disruptions and a semiconductor shortage, the market is supported by robust industrial production in the United States and Mexico, which is anticipated to boost demand for indoor lighting. The Canadian commercial real estate sector is also contributing to this demand, with rising leasing rates and job growth in construction and warehouse industries. Additionally, the automotive sector's expansion, particularly in electric vehicles, is further propelling the need for automotive LEDs, enhancing the market's growth trajectory.

The market landscape is characterized by a moderate level of consolidation, with major players like ACUITY BRANDS INC., Current Lighting Solutions LLC, LEDVANCE GmbH, OSRAM GmbH, and Signify (Philips) dominating the scene. These companies are actively innovating and expanding their product offerings, as seen with recent launches in outdoor and architectural lighting solutions. The increasing urban population and high disposable income in the region are also key factors driving the market, as they lead to greater investments in residential and commercial spaces. Furthermore, regulatory incentives such as tax deductions for energy-efficient upgrades are expected to further stimulate demand for LED lighting solutions across North America.

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North America LED Lighting Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Indoor Lighting

      1. 1.1.1 Agricultural Lighting

      2. 1.1.2 Commercial

        1. 1.1.2.1 Office

        2. 1.1.2.2 Retail

        3. 1.1.2.3 Others

      3. 1.1.3 Industrial and Warehouse

      4. 1.1.4 Residential

    2. 1.2 Outdoor Lighting

      1. 1.2.1 Public Places

      2. 1.2.2 Streets and Roadways

      3. 1.2.3 Others

    3. 1.3 Automotive Utility Lighting

      1. 1.3.1 Daytime Running Lights (DRL)

      2. 1.3.2 Directional Signal Lights

      3. 1.3.3 Headlights

      4. 1.3.4 Reverse Light

      5. 1.3.5 Stop Light

      6. 1.3.6 Tail Light

      7. 1.3.7 Others

    4. 1.4 Automotive Vehicle Lighting

      1. 1.4.1 2 Wheelers

      2. 1.4.2 Commercial Vehicles

      3. 1.4.3 Passenger Cars

    5. 1.5 Country

      1. 1.5.1 United States

      2. 1.5.2 Rest of North America

North America LED Lighting Market Size FAQs

The North America LED Lighting Market size is expected to reach USD 11.29 billion in 2024 and grow at a CAGR of 3.85% to reach USD 14.17 billion by 2030.

In 2024, the North America LED Lighting Market size is expected to reach USD 11.29 billion.

North America LED Lighting Market Report Snapshots