Product ID: UCMIG45J2092
North America LED Lighting Market Size, Share, Growth Analysis, By Product(Lamps, A-Lamps), By Application Type(Indoor, Outdoor), By End-use(Commercial, Residential), By Country(U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45J2092 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
North America LED Lighting Market Insights
Market Overview:
The market for LED lighting in North America was estimated to be worth USD 7.3 billion in 2018 and is anticipated to grow at a CAGR of 9.6% between 2019 and 2025. In industrial, commercial, and residential settings across North America, the need for energy-efficient lighting solutions has increased due to technological improvements and growing environmental protection concerns. It is also anticipated that the growing trend of linked lighting controls for both indoor and outdoor applications would help the market grow. Government agencies' encouraging actions and rebate programmes have contributed to market expansion.
North America LED Lighting Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
North America LED Lighting Market Report Snapshots
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