Market Size of us outdoor led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 1.84 Billion |
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Market Size (2030) | USD 2.32 Billion |
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Largest Share by Outdoor Lighting | Public Places |
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CAGR (2024 - 2030) | 3.91 % |
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Fastest Growing by Outdoor Lighting | Public Places |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Outdoor LED Lighting Market Analysis
The US Outdoor LED Lighting Market size is estimated at 1.84 billion USD in 2024, and is expected to reach 2.32 billion USD by 2030, growing at a CAGR of 3.91% during the forecast period (2024-2030).
1.84 Billion
Market Size in 2024 (USD)
2.32 Billion
Market Size in 2030 (USD)
-1.13 %
CAGR (2017-2023)
3.91 %
CAGR (2024-2030)
Largest Segment by Outdoor Lighting
85.55 %
value share, Public Places, 2023
Michigan Stadium, also known as "The Big House," is the largest stadium in the United States and the third largest in the world.
Fastest-growing Segment by Outdoor Lighting
4.02 %
Projected CAGR, Public Places, 2024-2030
The volume of LED penetration in this category was expected to reach 190.6 million by 2023. As of October 2019, there were over 20,300 airports in the United States.
First Leading Market Player
30.54 %
market share, ACUITY BRANDS, INC., INC.
Acuity Brands Inc. has the highest market share in the US. In May 2023, Cyclone Lighting, an Acuity Brand, released Elencia, a luminaire providing outdoor post lighting with an upscale aesthetic and modern style.
Second Leading Market Player
25.70 %
market share, Signify Holding (Philips), 2022
Signify (Philips) has the second-highest market share in the United States. In August 2022, Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED.
Third Leading Market Player
6.75 %
market share, Panasonic Holdings Corporation, 2022
Panasonic Holdings Corporation was the third largest market player, accounting for 6.75% in 2022. The company offers outdoor lighting fixture solutions that are used in public facilities and commercial facilities.
The continued demand for road and retail expansion, along with the growing sport, is expected to drive the growth of the market
- In 2023, public places accounted for the majority of the value share, followed by streets and roadways (S&R) and other areas. It is expected that there will be a small reduction in S&R's market share and an increase in public places' market share in the coming years. Shutting down public places like stadiums, pools, beaches, and forts throughout the region was one of the measures taken to limit the spread of COVID-19.
- In 2021, the US government relaxed COVID-19 rules, and major road infrastructure construction projects were launched during the first quarter of 2023 in North America. Projects such as the 69 Express Toll Lane in Overland Park, Kansas, and the Kennedy Expressway Extension, covering 12 km from Edens Expressway to Ohio Street in Chicago, are expected to increase roadway lighting, thus boosting the growth of the LED market in the region. Retail sales boomed in 2022, and there were nearly seven times as many store openings as closings in Q1 of that year.
- In January 2023, Target, a retail corporation, opened 23 new locations to enhance the shopping experience for more than two million guests over the coming years. This instance is anticipated to increase the demand for parking lots in the region, resulting in more demand for outdoor LED lights. Soccer is becoming increasingly popular in the US, surpassing ice hockey. However, hosting the World Cup in 2026 presents new challenges. The US plans to upgrade one of the stadiums for the 2026 World Cup. The 76,416-capacity Arrowhead Stadium has been the first to be identified as undergoing an upgrade in preparation for the 2026 event. The above instances are expected to create more demand for outdoor lighting in the region during the study period.
US Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.
- In 2023, public places accounted for the majority of the value share, followed by streets and roadways (S&R) and other areas. It is expected that there will be a small reduction in S&R's market share and an increase in public places' market share in the coming years. Shutting down public places like stadiums, pools, beaches, and forts throughout the region was one of the measures taken to limit the spread of COVID-19.
- In 2021, the US government relaxed COVID-19 rules, and major road infrastructure construction projects were launched during the first quarter of 2023 in North America. Projects such as the 69 Express Toll Lane in Overland Park, Kansas, and the Kennedy Expressway Extension, covering 12 km from Edens Expressway to Ohio Street in Chicago, are expected to increase roadway lighting, thus boosting the growth of the LED market in the region. Retail sales boomed in 2022, and there were nearly seven times as many store openings as closings in Q1 of that year.
- In January 2023, Target, a retail corporation, opened 23 new locations to enhance the shopping experience for more than two million guests over the coming years. This instance is anticipated to increase the demand for parking lots in the region, resulting in more demand for outdoor LED lights. Soccer is becoming increasingly popular in the US, surpassing ice hockey. However, hosting the World Cup in 2026 presents new challenges. The US plans to upgrade one of the stadiums for the 2026 World Cup. The 76,416-capacity Arrowhead Stadium has been the first to be identified as undergoing an upgrade in preparation for the 2026 event. The above instances are expected to create more demand for outdoor lighting in the region during the study period.
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
US Outdoor LED Lighting Market Size Summary
The US Outdoor LED Lighting Market is poised for significant growth, driven by various factors including infrastructure development, increased retail activity, and the rising popularity of sports. The market is experiencing a shift in demand, with public places gaining a larger share compared to streets and roadways. This change is influenced by the reopening of public spaces post-COVID-19 and the initiation of major road infrastructure projects, such as the Kennedy Expressway Extension in Chicago. The expansion of retail spaces, exemplified by Target's new store openings, is expected to boost the demand for outdoor LED lighting in parking lots. Additionally, the upcoming 2026 World Cup and the need for stadium upgrades, like those at Arrowhead Stadium, are anticipated to further drive market growth. The sports sector's transformation, with stadiums like NRG Stadium and Gillette Stadium investing in LED lighting, underscores the increasing demand for efficient lighting solutions.
The market's expansion is also supported by demographic trends and technological advancements. The growth in the number of households and the typical family size in the US is expected to increase the demand for LED lighting in residential areas. Furthermore, the rapid adoption of electric vehicles (EVs) is creating a need for enhanced lighting solutions, as EVs require semiconductor chips that often rely on LED technology. The market is fairly consolidated, with major players like ACUITY BRANDS, Current Lighting Solutions, and Signify Holding leading the charge. Recent product launches, such as Cyclone Lighting's Elencia luminaire and Dialight's ProSite High Mast, highlight the ongoing innovation in outdoor LED lighting solutions, catering to a wide range of applications from industrial sites to urban landscapes.
US 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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US Outdoor LED Lighting Market Size FAQs
How big is the US Outdoor LED Lighting Market?
The US Outdoor LED Lighting Market size is expected to reach USD 1.84 billion in 2024 and grow at a CAGR of 3.91% to reach USD 2.32 billion by 2030.
What is the current US Outdoor LED Lighting Market size?
In 2024, the US Outdoor LED Lighting Market size is expected to reach USD 1.84 billion.
