Business

North America Led Lighting Market Report 2022-2027 and Forecast

According to the latest report by IMARC Group, titled North America LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the North America LED lighting market reached a value of US$ 17 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.8 Billion by 2027, exhibiting a CAGR of 9.8% during 2022-2027. 

A light-emitting diode (LED) refers to an electroluminescence device that emits light by combining current-carrying particles, such as electrons and holes, within the semiconductor material. They are commercially available in different colors, which can be attributed to the variation in the concentration of phosphors. As compared to conventional lighting technologies, LED lighting is more long-lasting, efficient, inherently controllable, and environment friendly. As a result, it is widely adopted in remote-control circuits, decorative lights, and fluorescent light applications across the industrial, infrastructural, and residential sectors.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

Request Free Sample Report: https://www.imarcgroup.com/north-america-led-lighting-market/requestsample

North America Led Lighting Market Trends:

One of the key factors driving the LED lighting market in North America is the increasing demand for smart lighting solutions to conserve energy. In line with this, rapid expansion in smart city projects, along with the rising environmental consciousness, has led to a significant increase in the usage of LEDs in public construction projects, which is acting as another major growth-inducing factor. Additionally, the rising awareness toward the benefits associated with LED lighting solutions, such as higher operational life and lower maintenance, is further facilitating the overall product sales across the region.

Moreover, The Federal Government of the United States (US Federal Government) is undertaking several initiatives to promote the use of energy-efficient technologies, which, in turn, is expanding the applications of LED across various establishments. Besides this, LEDs are increasingly being used in aviation, general lighting, medical devices, camera flashes, automotive headlamps, and traffic signals, which is expected to drive the market further toward growth.

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-led-lighting-market

North America Led Lighting Market 2022-2027 Analysis and Segmentation:

Breakup by Product Type:

  • LED Lamps and Modules
  • LED Fixtures

Breakup by Application:

  • Retrofit
  • Retail and Hospitality
  • Outdoor
  • Offices
  • Architectural
  • Residential
  • Others

Breakup by Region:

  • United States
  • Canada
  • Mexico

Competitive Landscape :

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

  • Market Performance 2016-2021
  • Market Outlook 2022-2027
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
adana escort - escort adana - mersin escort - escort mersin - adana escort bayan