North America LED Lighting Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
North America LED Lighting Market Outlook 2027: According to the latest report by IMARC Group, titled " North America LED Lighting Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 22-2027 ," the North America LED lighting market reached a value of US$ 17 Billion in 2021. 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. Request for a free sample: https://www.imarcgroup.com/north-america-led-lighting-market/requestsample
Report Description and Highlights
Report Description
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. Looking forward, the market is expected to reach a value of US$ 29.79 Billion by 2027, growing at a CAGR of around 9.80% during 2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/north-america-led-lighting-market
Report Description and Highlights Report Description Market Summary: Breakup by Product Type: • LED Lamps and Modules • LED Fixtures Breakup by Application: • Retrofit • Retail and Hospitality • Outdoor • Offices • Architectural • Residential Breakup by Region: • United States • Canada • Mexico
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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