LED Lighting Market in North America 2018-2022 | Evolving Opportunities with Acuity Brands and Cree | Technavio

LED Lighting Market in North America 2018-2022 | Evolving Opportunities with Acuity Brands and Cree | Technavio

LONDON--(BUSINESS WIRE)--Feb 14, 2020--

Technavio has been monitoring the LED lighting market in North America since 2014 and the market is poised to grow by USD 6.73 billion during 2018-2022, progressing at a CAGR of almost 12% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled LED lighting market in North America 2018-2022 (Graphic: Business Wire)

Read the 125-page report with TOC on “LED Lighting Market in North America Analysis Report by Application (Residential, Commercial, Industrial, Outdoor, and Others), Product (LED lamps and LED luminaires), and the Segment Forecasts, 2018-2022.”

The market is driven by the declining manufacturing costs of LEDs. In addition, the rising demand for intelligent lighting systems is anticipated to boost the growth of the LED lighting market.

Since 2012, the manufacturing cost of LEDs has declined steadily and is expected to reduce further during the forecast period. This is due to the decrease in the average selling prices of chips and components used in the manufacturing of LED devices. The decline in the cost of LEDs has reduced the initial investment cost of LED lighting lamps and fixtures. These factors are driving the growth of the LED lighting market in North America.

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Major Five LED Lighting Market Companies:

Acuity Brands

Acuity Brands operates its business through the Lighting and building management solutions segment. The company offers a wide range of LED lighting products. Some of its key offerings include 308 WINLINE, Juno SlimForm (JSF) Downlight, and IBG High Bay.

Cree

Cree operates its business through segments such as Lighting Products, LED Products, and Wolfspeed. The company offers a wide range of LED lighting products. BR30, DR Series, and RSW Series are some of its key offerings.

Eaton

Eaton operates its business through segments such as Electrical Products and Electrical Systems and Services, Hydraulics, Aerospace, and Vehicle. Some of the key offerings of the company include Altus LED Low Bay, HBLED SE and HE Series, LBLED High Bay, SNLED Series, Steeler LED High Bay, VHB LED High Bay, and Visium LED High Bay.

GENERAL ELECTRIC

GENERAL ELECTRIC operates its business through segments such as Power, Aviation, Lighting, Renewable Energy, Healthcare, Oil and Gas, and Transportation. The company offers a wide range of LED lighting products. Some of its key offerings include Albeo LED Luminaire – ABV3, Evolve LED Area Light – EALS, and Lumination LED Luminaire – LUS Series.

Koninklijke Philips

Koninklijke Philips operates its business through segments such as Personal Health businesses, Diagnosis & Treatment businesses, Connected Care and Health Informatics businesses, HealthTech Other, and Legacy Items. GentleSpace gen2, Greenperform Highbay G2, CoreLine Highbay, GreenPerform Highbay LED, and Smartbright WT200/201 waterproof are some of the key offerings of the company.

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LED Lighting Product Outlook (Revenue, USD Billion, 2018 - 2022)

  • LED lamps
  • LED luminaires

LED Lighting Application Outlook (Revenue, USD Billion, 2018 - 2022)

  • Residential
  • Commercial
  • Industrial
  • Outdoor
  • Others

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Industrials are:

Global LED Curtain Lights Market – Global LED curtain lights market by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).

Global General Lighting Market – Global general lighting market by product (LED lighting and traditional lighting), application (residential, commercial, outdoor, industrial, and others), and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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KEYWORD:

INDUSTRY KEYWORD: HOME GOODS COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER RETAIL BUILDING SYSTEMS OTHER CONSTRUCTION & PROPERTY RETAIL RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 02/14/2020 01:00 PM/DISC: 02/14/2020 01:01 PM

Copyright Business Wire 2020.

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