Market Size of north america outdoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.80 Billion |
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Market Size (2030) | USD 3.50 Billion |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 3.75 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Outdoor LED Lighting Market Analysis
The North America Outdoor LED Lighting Market size is estimated at 2.80 billion USD in 2024, and is expected to reach 3.50 billion USD by 2030, growing at a CAGR of 3.75% during the forecast period (2024-2030).
2.80 Billion
Market Size in 2024 (USD)
3.50 Billion
Market Size in 2030 (USD)
-0.78 %
CAGR (2017-2023)
3.75 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
79.54 %
value share, Public Places, 2023
The sales of LED in this category were expected to reach 2198.1 million by the end of 2023. Walt Disney World Resort is the biggest theme park in North America, using 27520 acres of land area.
Fastest-growing Segment by Outdoor Lighting
3.84 %
Projected CAGR, Public Places, 2024-2030
The volume of LED penetration is expected to reach 269.5 million by 2023. Vancouver International Airport (YVR) has installed a new state-of-the-art LED lighting system at its airfield.
Largest by Country
65.77 %
value share, United States, 2023
The United States was the largest country by value share in 2022, accounting for 67.23%. Major LED lighting companies such as Acuity Brands, Signify, and CREE LED are from the US and LED light product penetration is maximum in the country.
Fastest-growing Segment by Country
3.91 %
Projected CAGR, United States, 2024-2030
The US is the fastest-growing country, with a projected CAGR of 3.14%. In recent years, the acceptance of LED lighting products in the US residential and industrial sectors has increased.
Leading Market Player
20.53 %
market share, ACUITY BRANDS, INC., INC.
Acuity Brands Inc., the largest market player, accounted for 20.53% in 2022. In North America, electrical distributors, electric utilities, OEMs, digital retailers, and energy service organizations are primary customers of ABL.
The increased use of LED lights in streets and strategic developments by companies will drive the growth of LED lighting in the region
- In terms of value and volume, public spaces will account for the largest share in 2023, followed by streets and roadways. Market share is expected to decline slightly in public places and increase in streets and roadways in the next few years. In March 2021, the Canadian city of Laval approved plans to upgrade 37,000 street lights to LED lights with intelligent controls. Switching to LED lighting could save USD 2.75 million annually. These efforts are driving the adoption of LEDs in Canada.
- The COVID-19 pandemic caused major disruptions to the lighting industry supply chain, severely impacting the LED lighting market. The LED lighting demand in applications such as highway/street/road building exterior/architecture, car park/parking garages, airport fences, stadiums, and sports arenas mirrors the demand for smart metropolises. This market is expected to grow significantly in the coming years owing to increased connectivity, performance, effectiveness, and performance monitoring in the lighting sector.
- In terms of development and innovation, the Acuity brand outdoor lighting manufacturer Cyclone Lighting announced the debut of the Elencia lamp in 2023. Outdoor pole top lighting looks classy with high-performance optics and an improved modern lantern style. In 2021, LEDVANCE expanded its urban outdoor portfolio with modern highlight LED lights for applications such as streets, parking lots, sports fields, and other venues. These developments reflect the growing demand for LED lighting in the region.
Government initiatives to incorporate energy efficient lights on streets to drive the growth of LED lighting in the region
- In terms of value and volume, the United States was expected to have the largest share in 2023, followed by the rest of North America. In the first quarter of 2023, large-scale road infrastructure construction projects began in the United States. The project includes 69 express toll lanes in Overland Park, Kansas, and is expected to be completed in the third quarter of 2026. The Kennedy Expressway Extension extends 12 kilometers from the Edens Expressway to Ohio Street in Chicago. These cases are expected to lead to improved street lighting and contribute to the growth of the LED market in the region.
- Additionally, the City of Chicago embarked on a streetlight upgrade project in September 2022, replacing more than 280,000 high-pressure sodium streetlights with high-efficiency LED lights. These developments reflect the growing demand for LED lighting in the region.
- From a development and innovation perspective, Signify and Upciti partnered in 2022 to help cities and utilities across North America leverage street lighting infrastructure to improve transportation, public safety, and sustainability. Signify's road and street LED lighting development, Interact IoT connected lighting systems, and Upciti's edge-computing image analytics sensor developments to protect privacy will help cities improve services such as parking. The NYPA (New York Power Authority's Smart Street Lighting Program) selected Signify as part of a competitive procurement process that enabled Albany to upgrade nearly 11,000 streetlights to LED lights. The city uses an Interact IoT system to monitor and control lighting, making it an energy-smart town. These developments reflect the growing demand for LED lighting in the region.
North America Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. United States are covered as segments by Country.
- In terms of value and volume, public spaces will account for the largest share in 2023, followed by streets and roadways. Market share is expected to decline slightly in public places and increase in streets and roadways in the next few years. In March 2021, the Canadian city of Laval approved plans to upgrade 37,000 street lights to LED lights with intelligent controls. Switching to LED lighting could save USD 2.75 million annually. These efforts are driving the adoption of LEDs in Canada.
- The COVID-19 pandemic caused major disruptions to the lighting industry supply chain, severely impacting the LED lighting market. The LED lighting demand in applications such as highway/street/road building exterior/architecture, car park/parking garages, airport fences, stadiums, and sports arenas mirrors the demand for smart metropolises. This market is expected to grow significantly in the coming years owing to increased connectivity, performance, effectiveness, and performance monitoring in the lighting sector.
- In terms of development and innovation, the Acuity brand outdoor lighting manufacturer Cyclone Lighting announced the debut of the Elencia lamp in 2023. Outdoor pole top lighting looks classy with high-performance optics and an improved modern lantern style. In 2021, LEDVANCE expanded its urban outdoor portfolio with modern highlight LED lights for applications such as streets, parking lots, sports fields, and other venues. These developments reflect the growing demand for LED lighting in the region.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Country | |
| United States | |
| Rest of North America |
North America Outdoor LED Lighting Market Size Summary
The North America Outdoor LED Lighting Market is poised for significant growth, driven by increasing demand for energy-efficient lighting solutions across various applications. The market is characterized by a shift towards LED technology in public spaces, streets, and roadways, with notable projects in cities like Laval and Chicago highlighting the transition. The COVID-19 pandemic disrupted supply chains, but the demand for LED lighting in smart metropolises is expected to rebound, supported by advancements in connectivity and performance monitoring. Innovations from companies like Acuity Brands and LEDVANCE, along with strategic partnerships such as those between Signify and Upciti, are enhancing the appeal of LED lighting in urban environments. These developments are further bolstered by infrastructure projects in the United States, which are set to improve street lighting and expand the market.
The market landscape is moderately consolidated, with key players like ACUITY BRANDS, Current Lighting Solutions, and Signify Holding leading the charge. The United States is anticipated to hold the largest market share, followed by other North American regions. The growing interest in sports, particularly cricket, and the renovation of stadiums are contributing to the increased demand for LED lighting. Additionally, the rise in housing starts and the automotive industry's expansion, particularly in electric vehicles, are expected to further drive the market. The introduction of new products, such as Cyclone Lighting's Elencia luminaire and Dialight's ProSite High Mast, underscores the ongoing innovation in the sector, positioning the North America Outdoor LED Lighting Market for robust growth in the coming years.
North America Outdoor LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Outdoor Lighting
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1.1.1 Public Places
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1.1.2 Streets and Roadways
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1.1.3 Others
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1.2 Country
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1.2.1 United States
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1.2.2 Rest of North America
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North America Outdoor LED Lighting Market Size FAQs
How big is the North America Outdoor LED Lighting Market?
The North America Outdoor LED Lighting Market size is expected to reach USD 2.80 billion in 2024 and grow at a CAGR of 3.75% to reach USD 3.50 billion by 2030.
What is the current North America Outdoor LED Lighting Market size?
In 2024, the North America Outdoor LED Lighting Market size is expected to reach USD 2.80 billion.
