PUBLISHER: IMARC | PRODUCT CODE: 1347443
PUBLISHER: IMARC | PRODUCT CODE: 1347443
US LED Downlight Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The US LED downlight market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group 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:
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 2023-2028. Our 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?
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 Manufacturers
13 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.
List of Figures
- Figure 1: United States: LED Downlight Market: Major Drivers and Challenges
- Figure 2: United States: LED Downlight Market: Value Trends (in Billion US$), 2017-2022
- Figure 3: United States: LED Downlight Market: Breakup by Region (in %), 2022
- Figure 4: United States: LED Downlight Market: Breakup by Application (in %), 2022
- Figure 5: United States: LED Downlight Market: Breakup by Product Type (in %), 2022
- Figure 6: United States: LED Downlight Market Forecast: Value Trends (in Billion US$), 2023-2028
- Figure 7: South: LED Downlight Market: Value Trends (in Million US$), 2017 & 2022
- Figure 8: South: LED Downlight Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 9: West: LED Downlight Market: Value Trends (in Million US$), 2017 & 2022
- Figure 10: West: LED Downlight Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 11: Northeast: LED Downlight Market: Value Trends (in Million US$), 2017 & 2022
- Figure 12: Northeast: LED Downlight Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 13: Midwest: LED Downlight Market: Value Trends (in Million US$), 2017 & 2022
- Figure 14: Midwest: LED Downlight Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 15: United States: LED Downlight (Retrofit) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 16: United States: LED Downlight (Retrofit) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 17: United States: LED Downlight (Retail & Hospitality) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 18: United States: LED Downlight (Retail & Hospitality) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 19: United States: LED Downlight (Outdoor) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 20: United States: LED Downlight (Outdoor) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 21: United States: LED Downlight (Offices) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 22: United States: LED Downlight (Offices) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 23: United States: LED Downlight (Architectural) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 24: United States: LED Downlight (Architectural) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 25: United States: LED Downlight (Residential) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 26: United States: LED Downlight (Residential) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 27: United States: LED Downlight (Manufacturing) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 28: United States: LED Downlight (Manufacturing) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 29: United States: LED Downlight (Others) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 30: United States: LED Downlight (Others) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 31: United States: LED Downlight (Luminaire) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 32: United States: LED Downlight (Luminaire) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 33: United States: LED Downlight (Lamp and Retrofits) Market: Value Trends (in Million US$), 2017 & 2022
- Figure 34: United States: LED Downlight (Lamp and Retrofits) Market Forecast: Value Trends (in Million US$), 2023-2028
- Figure 35: United States: LED Downlight Industry: SWOT Analysis
- Figure 36: United States: LED Downlight Industry: Value Chain Analysis
- Figure 37: United States: LED Downlight Industry: Porter's Five Forces Analysis
- Figure 38: United States: LED Downlight Production Cost Breakup
List of Tables
- Table 1: United States: LED Downlight Market: Key Industry Highlights, 2022 and 2028
- Table 2: United States: LED Downlight Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 3: United States: LED Downlight Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: United States: LED Downlight Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 5: Comparison of LED with Compact Fluorescent Lamps (CFL) (Based on Energy Efficiency and Environmental Impact)
- Table 6: Comparison of LED and Compact Fluorescent Lamps (CFL) (Based on Luminous Flux)
- Table 7: United States: LED Downlight Industry: Price Indicator
- Table 8: United States: LED Downlight Market: Competitive Structure
- Table 9: United States: LED Downlight Market: Key Players
