According to IMARC Group’s latest report, titled “US LED Downlight Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the US LED downlight market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2027, exhibiting a growth rate (CAGR) of 8% during 2022-2027.

LED downlights refer to concave light fixtures which are mounted into a hollow opening in the ceiling. They are categorized into various types, such as luminaires, lamps, and retrofits. LED downlights are extensively used across residential and commercial spaces. They are energy-efficient and eco-friendly lighting solutions that emit light in the downward direction with a narrow beam. In addition, LED downlights have a relatively longer lifespan with minimum heat radiation. As a result, these lighting solutions find widespread applications in offices, living rooms, shopping malls, kitchens, bathrooms, etc.

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US LED Downlight Market Trends:

The escalating demand for innovative outdoor lighting systems, as they can endure challenging circumstances, including external shocks and vibrations, extreme weather conditions, and traffic-related public exposure, is among the primary factors driving the US LED downlight market. In line with this, the growing product sales, as it consumes a significantly lower amount of electricity and emits a lesser amount of ultraviolet (UV) rays and heat, is further augmenting the market growth. Moreover, the launch of several policies by the government bodies to encourage the overall incorporation of LED lights across various industries, owing to the rising prices of electricity in developing economies, is also catalyzing the market across the US. Besides this, the introduction of innovative techniques by the leading manufacturers to increase energy efficiency in the lighting sector is acting as another significant growth-inducing factor. Furthermore, the growing product popularity, on account of various properties, such as low maintenance costs, sturdiness, safety, and non-toxicity, is expected to bolster the US LED downlight market in the coming years.

US LED Downlight Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the US led downlight market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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
Samsung Electronics Co. Ltd.

Key Market Segmentation:

The report has segmented the US led downlight market on the basis of product type, application and region.

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

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19

Value Chain Analysis
Comprehensive mapping of the competitive landscape

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

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Us Led Downlight Market Size, Share, Trends and Forecast to 2027