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United States and Canada Residential Lighting Fixture Outlook (2024 to 2034)

The United States and Canada residential lighting fixture business reached a valuation of US$ 123.2 billion in 2023. Demand for residential lighting fixtures recorded a y-o-y growth of 7.5% in 2023.

Sales are expected to reach US$ 132.5 billion in 2024. By 2034, the United States and Canada residential lighting fixture business is projected to exhibit a 7.6% CAGR and a total size of US$ 275.6 billion.

The residential lighting fixture business is anticipated to be driven by several important factors, including the growing demand for ornamental lighting fixtures in the residential sector and the adoption of energy-efficient products such as LEDs and OLEDs. The idea of a smart home is becoming more popular, and lighting fixtures play a big role in interior design.

Manufacturers and brand owners are putting forward claims related to the product’s efficiency and effectiveness in a bid to convert the product’s USP into a larger share and to establish a strong presence in the business. The light fixture business has seen a lot of claims made by manufacturers in order to promote their brands. Consumer purchase patterns are significantly influenced by company claims.

The lighting industry is growing due to technology improvements, such as the incorporation of IoT capabilities and smart lighting systems. The increasing significance attributed to interior design and aesthetics in residential spaces is driving the need for creative and fashionable lighting solutions.

Task lighting for home workstations has become more significant as the idea of home offices has gained traction. Furthermore, there is a growing need for fixtures that promote health and well-being, similar to those that enable circadian lighting to replicate the cycles of natural light.

Attributes Key Insights
United States and Canada Residential Lighting Fixture Size (2023) US$ 123.2 billion
United States and Canada Residential Lighting Fixture Business Estimated Size (2024) US$ 132.5 billion
United States and Canada Residential Lighting Fixture Business Projected Size (2034) US$ 275.6 billion
Value-based CAGR (2024 to 2034) 7.6%

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Historical Trends in the United States and Canada Lighting Fixture Business

The demand for lighting fixtures in the United States and Canada is anticipated to gain from the growing uptake of connected home lighting systems and the switch to LED lighting. Conventional and LED consumer luminaires will continue to be the dominant segments in the consumer sector, with residential systems projected to increase at a robust rate.

In tandem with the rising penetration of smart home applications among households, the home systems business is expanding quickly. North America is regarded as a key global business for home systems. Hence, it is anticipated that the size of the residential lighting fixture business in the United States and Canada will increase at a decent pace during the projected period, at a 7.6% CAGR.

In residential settings, there has been a notable transition toward LED lighting technology by 2034. LEDs are long-lasting, energy-efficient, and provide a wide range of color and design options.

The business has been impacted by strict energy efficiency laws, such as the Energy Independence and Security Act (EISA) in the United States. Energy-efficient lighting technology, such as LED and compact fluorescent bulb (CFL) fixtures, is encouraged by these laws.

An increasingly popular trend in the business is the use of smart lighting systems. The growing trend of smart homes and home automation has raised the demand for remotely controlled lighting fixtures, frequently via voice-activated systems or smartphone apps.

Environmental factors and sustainability in house designs are becoming more popular. The need for environmentally friendly lighting fixtures and designs that put an emphasis on energy efficiency and the use of recyclable materials has risen as a result.

Comparative View of Adjacent Businesses

The section covers a comparative view of three businesses similar to the United States and Canada residential lighting fixture business. As per estimations, the LED light business would lead out of the three businesses.

The demand for residential lighting fixtures in the United States and Canada is set to surge at a CAGR of 7.6% by 2034. The wall décor and outdoor lighting businesses are expected to rise at CAGRs of 3.5% and 7.4%, respectively, in 2034.

United States and Canada Residential Lighting Fixture Business:

Attribute United States and Canada Residential Lighting Fixture Business
CAGR (2024 to 2034) 7.6%
Growth Factor E-commerce boom redefines shopping behavior.
Restraining Factor Manufacturing prices can rise due to strict restrictions pertaining to lighting efficiency and environmental effects.
Key Trend Wireless lighting is gaining traction.

Global Wall Décor Business:

Attribute Global Wall Décor Business
CAGR (2024 to 2034) 3.5%
Growth Factor Rising focus on home interior décor and aesthetics is set to drive growth.
Restraining Factor Disturbances in the supply chain are set to negatively affect the availability of material.
Key Trend Surging demand for customizable and personalized wall décor is a key trend.

Global Outdoor Lighting Business:

Attribute Global Outdoor Lighting Business
CAGR (2024 to 2034) 7.4%
Growth Factor Expanding infrastructure and construction activities, along with the availability of efficient and sustainable lighting solutions, would aid demand.
Restraining Factor Organizations can find it challenging to differentiate their products due to a lack of innovation in design and functionality.
Key Trend Novel smart building/apartment setting and their growing popularity is shaping new trends.
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United States and Canada Lighting Fixture Business Trends and Drivers

Attributes Key Factors
Latest Trends
  • Wireless Lighting Gaining Traction
In the lighting sector today, compact and wireless are standard features, with a focus on retrofit projects. Data can be transferred to and from the fittings using technologies, including radio-based frequency systems and power-line communications. Users now have more control over their lighting fixtures due to the development of wireless lighting technology.
  • Disruption of Business Structure
General lighting will become valuable in the LED chip and package business, replacing backlighting. Moreover, manufacturers of LEDs and lighting components are strengthening their positions by expanding downstream.
Upcoming Opportunities
  • E-commerce Explosion is Redefining Shopping Behavior
All across North America, e-commerce is changing the definition of shopping activities. The COVID-19 pandemic and lockdowns have made e-commerce more prevalent across several businesses. Due to the pandemic, a portion of the populace that was not previously acquainted with online shopping has also embraced it as a last choice. Businesses and online services have several opportunities to collaborate to provide customers with a higher level of engagement.
Challenges
  • Cost
Despite being more energy-efficient than older options, LED lighting fixtures can have a greater initial cost. This can discourage consumers who are budget-conscious from using LED lighting.

Country-wise Insights

In the table below of the growth potential of residential lighting fixtures in the United States and Canada, CAGRs of leading countries are provided. The United States will likely lead the field of residential lighting fixtures by exhibiting a CAGR of 6.8% from 2024 to 2034. The country is set to be followed by Canada, with a decent CAGR of 10.7% through 2034.

Countries CAGR
United States 6.8%
Canada 10.7%

Rising Urbanization and Evolution of Businesses Aid Growth in Canada

The working population's migration to tier-I cities due to increased employment opportunities is predicted to support the global urbanization trend. Notably, a stronger rate of urbanization growth is anticipated in Canada. The Canada residential lighting fixture business is estimated to rise at a CAGR of 10.7% during the forecast years.

Interest in lighting fixtures such as chandeliers with a variety of styles and functions has increased as a result of growing urbanization and business evolution. The need for lighting fixtures has also been spurred by advancements in the automation sector, which offer diversified and yet simplified user interaction. Opportunities for the lighting fixture sector are also created by consumers' shifting preferences and the companies' expanding product offers.

Demand for Wireless Lighting Fixtures Fueling Sales in the United States

The United States-based corporations are creating wireless lighting fixtures because of their several benefits, which include long lifespans, energy savings, remote control compatibility, and programming capabilities. Hence, it is anticipated that the country's residential lighting fixture business will be driven by the need for wireless lighting fixtures.

In the United States, consumer lives are evolving quickly. During the anticipated period, rising urbanization and disposable income are the two elements anticipated to propel expansion.

Sales of lighting fixtures online are probably going to be driven by the availability of a wide selection of products and the growing adoption of smart lighting. As a result, the United States residential lighting fixture business is anticipated to rise at a CAGR of 6.8% during the projection period.

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Category-wise Insights

The table below highlights the demand for residential lighting fixtures in the United States and Canada by technology, sales channel, and product type. Under product type, the pendant segment will likely remain dominant in the assessment period with a CAGR of 10.6% by 2034. Based on the technology, the LED segment is set to showcase a significant CAGR of 8.1% through 2034 in the field of residential lighting fixtures in the United States and Canada.

Segment Value CAGR
LED (Technology) 8.1%
Online Retailers (Sales Channel) 10.9%
Pendants (Product Type) 10.6%

Pendant Lighting is Gaining Popularity in the United States and Canada

The pendant segment is predicted to expand at a CAGR of 10.6% over the course of the forecast period. Creating items with novel, creative designs and aesthetics is the most prevalent trend in the business landscape. Companies are spending more on product development in order to obtain a competitive edge over their rivals.

Due to expanding disposable income, people are spending more money on home décor these days. Generally regarded as elegant, pendant lights are utilized to improve the living room's appearance and give it a more refined, royal image.

The business is developing due to the production of pendants with exquisite materials and a rich, attractive appearance. It is also expanding due to the growing trend of matching these chandeliers and pendants to certain rooms, such as study rooms, dining rooms, and living rooms. The demand for pendant light fixtures is growing as a result of the creation of stylish designs at reasonable costs.

Online Retailers Segment is Anticipated to Gain Traction

In terms of sales channels, the online retailer segment is projected to expand at a CAGR of 10.9% during the forecast period. This is due to the availability of several offers on products and growing e-commerce businesses in the United States and Canada. In addition, the availability of a wide range of products and the increasing penetration of smart lighting are likely to drive sales of lighting fixtures online in the assessment period.

LED Technology Will Likely to Generate More Revenue by 2034

Unlike marketplaces for typical electronics products, the general lighting fixture business is still regionally fragmented. This is mainly attributed to regional product specifications and how crucial it is to have access to local decision-makers, such as electrical installers, architects, and lighting designers. Nevertheless, each region has a different degree of fragmentation.

Since LED lighting fixtures are more long-lasting and energy-efficient than conventional incandescent and fluorescent lighting fixtures, it is anticipated that demand for these will increase in the forecast years. As LED is a novel technology, it comes with unique features and demands for product development. Hence, small-scale traditional fixture manufacturers can find it difficult to introduce LED lighting fixtures.

Prominent LED fixture manufacturers will get a chance to briefly expand their share. However, LED technology is expected to rise with a CAGR of 8.1% during the projection period.

LED lighting is now extensively used in both commercial and residential settings. It can be found in a variety of home and industrial products. The quick development of LED technology results in more creative items and more efficient manufacturing, which drives down costs.

Competitive Landscape

The United States and Canada residential lighting fixture business has a fragmented competitive landscape, with several players competing on the basis of product quality, effectiveness, brand reputation, and price. Companies are investing in research and development activities to create new and innovative products.

They are also focusing on expanding their distribution channels. In addition to the ecosystem's key manufacturers, there are also smaller firms selling residential lighting fixtures at more affordable costs.

For instance,

  • In 2023, Acuity Brands announced the acquisition of Current, a leading provider of smart lighting solutions for commercial and industrial applications.
  • In 2022, Hubbell Incorporated announced the launch of its new HALO Home smart lighting system. It is designed to make it easier for consumers to control their lighting fixtures with their smartphones or tablets.
  • In February 2022, GE Current acquired Hubbell Inc.

Scope of the Report

Attribute Details
United States and Canada Residential Lighting Fixture Business Size (2024) US$ 132.5 billion
United States and Canada Residential Lighting Fixture Projected Size (2034) US$ 275.6 billion
Value-based CAGR (2024 to 2034) 7.6%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Analysis US$ million for Value
Key Countries Covered
  • United States
  • Canada
Key Segments Covered
  • Product Type
  • Power Source
  • Technology
  • Usage
  • Sales Channel
Key Companies Profiled
  • Philips
  • Acuity Brands Lighting, Inc.
  • Eaton Corporation
  • Leviton Manufacturing Co., Inc.
  • Legrand
  • Ideal Industries, Inc.
  • Lutron Electronics Co., Inc.
  • RAB Lighting
  • Osram Licht AG
  • Cree, Inc.
  • Eaton Corporation
  • Osram Sylvania
  • Hubbell Lighting
  • Cooper Lighting
  • Zumtobel Group
  • Eaton Corporation
  • Panasonic
  • Osram
  • Acuity Brands
  • GE Lighting
  • Leviton Manufacturing Co., Inc.
  • Legrand
  • Ideal Industries, Inc.
  • Osram Licht AG
  • Cree, Inc.
Report Coverage Business Forecast, Competition Intelligence, Business Dynamics and Challenges, Strategic Growth Initiatives

United States and Canada Residential Lighting Fixture Segmentation

By Product Type:

  • Chandeliers
  • Flush Mount Ceiling Lights
  • Others
  • Pendants
  • Semi-flush Mount Ceiling Lights

By Power Source:

  • Battery-powered
  • Corded-electric
  • Hardwired

By Technology:

  • Incandescent
  • Fluorescent
  • LED

By Usage:

  • Indoor
  • Outdoor

By Sales Channel:

  • Direct Sales
  • Modern Trade
  • Departmental Stores
  • Specialty Stores
  • Online Retailers
    • Direct to Consumer
    • Third Party to Consumer
  • Other Sales Channel

Frequently Asked Questions

What is the United States and Canada residential lighting fixture business value?

It is expected to reach a valuation of US$ 132.5 billion in 2024.

Which product type segment is expected to rise with a prominent CAGR?

The pendants category is anticipated to rise at the dominant CAGR of 10.6%.

Who are the top residential lighting fixture manufacturers?

Philips, Acuity Brands Lighting, Inc., Eaton Corporation, and Cree, Inc.

At what rate did the business rise from 2019 to 2023?

The business rose at a 6.5% CAGR from 2019 to 2023.

In 2034, what will the size of the residential lighting fixture business be?

In 2034, the business is set to reach US$ 275.6 billion.

Table of Content

1. Executive Summary

    1.1. Business Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Overview

    2.1. Coverage / Taxonomy

    2.2. Definition / Scope / Limitations

3. Key Trends

    3.1. Key Trends

        3.1.1. Minimalist and Sleek Designs

        3.1.2. Natural Materials

        3.1.3. Vintage and Retro Inspirations

        3.1.4. Smart and Customizable Lighting

        3.1.5. Functional and Task-Oriented Lighting

        3.1.6. Others (during the course of the study)

    3.2. Future Prospects of Business

        3.2.1. Factors Fueling Growth

        3.2.2. Influx of Brands

        3.2.3. Increasing Demand for Sustainable Products

4. Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034

    4.1. Historical and Current Household Expenditure on Analysis, 2019 to 2023

    4.2. Y-o-Y Growth Trend Analysis

    4.3. Y-o-Y Growth Trend Analysis

5. Business - Pricing Analysis

    5.1. Regional Pricing Analysis By Product Type

    5.2. Pricing Break-up

        5.2.1. Manufacturer Level Pricing

        5.2.2. Distributor Level Pricing

    5.3. Regional Average Pricing Analysis Benchmark

6. Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034

    6.1. Historical Value (US$ million) Analysis, 2019 to 2023

    6.2. Current and Future Value (US$ million) Projections, 2024 to 2034

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Background

    7.1. Macro-Economic Factors

        7.1.1. GDP Growth Outlook

        7.1.2. Business Overview

        7.1.3. Spending Outlook

        7.1.4. Service Outlook

    7.2. Forecast Factors - Relevance and Impact

        7.2.1. Top Companies Historical Growth

        7.2.2. GDP Growth Forecast

        7.2.3. Top Companies Historical Growth

        7.2.4. Service Sector Gross Value Added

        7.2.5. Industry Outlook

        7.2.6. Urbanization Growth Outlook

    7.3. Value Chain

        7.3.1. Profit Margin Analysis at each sales point

        7.3.2. List and role of key participant

            7.3.2.1. Manufacture

            7.3.2.2. Distributors/Retailers

    7.4. Dynamics

        7.4.1. Drivers

        7.4.2. Restraints

        7.4.3. Opportunity Analysis

    7.5. PESTLE Analysis

    7.6. Porter’s Five Force Analysis

8. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type

    8.1. Introduction / Key Findings

    8.2. Historical Size (US$ million) Analysis By Product Type, 2019 to 2023

    8.3. Current and Future Size (US$ million) Analysis and Forecast By Product Type, 2024 to 2034

        8.3.1. Chandeliers

        8.3.2. Flush Mount Ceiling Lights

        8.3.3. Pendants

        8.3.4. Semi-flush Mount Ceiling Lights

        8.3.5. Others

    8.4. Attractiveness Analysis By Product Type

9. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Source

    9.1. Introduction / Key Findings

    9.2. Historical Size (US$ million) Analysis By Power Source, 2019 to 2023

    9.3. Current and Future Size (US$ million) Analysis and Forecast By Power Source, 2024 to 2034

        9.3.1. Battery-powered

        9.3.2. Corded-electric

        9.3.3. Hardwired

    9.4. Attractiveness Analysis By Power Source

10. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology

    10.1. Introduction / Key Findings

    10.2. Historical Size (US$ million) Analysis By Technology, 2019 to 2023

    10.3. Current and Future Size (US$ million) Analysis and Forecast By Technology, 2024 to 2034

        10.3.1. Incandescent

        10.3.2. Fluorescent

        10.3.3. LED

    10.4. Attractiveness Analysis By Technology

11. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Usage

    11.1. Introduction / Key Findings

    11.2. Historical Size (US$ million) Analysis By Usage, 2019 to 2023

    11.3. Current and Future Size (US$ million) Analysis and Forecast By Usage, 2024 to 2034

        11.3.1. Indoor

        11.3.2. Outdoor

    11.4. Attractiveness Analysis By Usage

12. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel

    12.1. Introduction / Key Findings

    12.2. Historical Size (US$ million) Analysis By Sales Channel, 2019 to 2023

    12.3. Current and Future Size (US$ million) Analysis and Forecast By Sales Channel, 2024 to 2034

        12.3.1. Direct Sales

        12.3.2. Modern Trade

        12.3.3. Departmental Stores

        12.3.4. Specialty Stores

        12.3.5. Online Retailers

            12.3.5.1. Direct to Consumer

            12.3.5.2. Third Party to Consumer

        12.3.6. Other Sales Channel

    12.4. Attractiveness Analysis By Sales Channel

13. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Country

    13.1. Introduction / Key Findings

    13.2. Historical Size (US$ million) Analysis By Country, 2019 to 2023

    13.3. Current and Future Size (US$ million) Analysis and Forecast By Country, 2024 to 2034

        13.3.1. United States

            13.3.1.1. West Region

            13.3.1.2. South West Region

            13.3.1.3. Mid-West Region

            13.3.1.4. North East Region

            13.3.1.5. South East Region

        13.3.2. Canada

    13.4. Attractiveness Analysis By Country

14. West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    14.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        14.4.1. By Product Type

        14.4.2. By Power Source

        14.4.3. By Technology

        14.4.4. By Usage

        14.4.5. By Sales Channel

    14.5. Attractiveness Analysis

        14.5.1. By Product Type

        14.5.2. By Power Source

        14.5.3. By Technology

        14.5.4. By Usage

        14.5.5. By Sales Channel

    14.6. Trends

    14.7. Drivers and Restraints - Impact Analysis

    14.8. Key Players Participants - Intensity Mapping

15. Mid-West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    15.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        15.4.1. By Product Type

        15.4.2. By Power Source

        15.4.3. By Technology

        15.4.4. By Usage

        15.4.5. By Sales Channel

    15.5. Attractiveness Analysis

        15.5.1. By Product Type

        15.5.2. By Power Source

        15.5.3. By Technology

        15.5.4. By Usage

        15.5.5. By Sales Channel

    15.6. Trends

    15.7. Drivers and Restraints - Impact Analysis

    15.8. Key Players Participants - Intensity Mapping

16. North East Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    16.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        16.4.1. By Product Type

        16.4.2. By Power Source

        16.4.3. By Technology

        16.4.4. By Usage

        16.4.5. By Sales Channel

    16.5. Attractiveness Analysis

        16.5.1. By Product Type

        16.5.2. By Power Source

        16.5.3. By Technology

        16.5.4. By Usage

        16.5.5. By Sales Channel

    16.6. Trends

    16.7. Drivers and Restraints - Impact Analysis

    16.8. Key Players Participants - Intensity Mapping

17. South East Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    17.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        17.4.1. By Product Type

        17.4.2. By Power Source

        17.4.3. By Technology

        17.4.4. By Usage

        17.4.5. By Sales Channel

    17.5. Attractiveness Analysis

        17.5.1. By Product Type

        17.5.2. By Power Source

        17.5.3. By Technology

        17.5.4. By Usage

        17.5.5. By Sales Channel

    17.6. Trends

    17.7. Drivers and Restraints - Impact Analysis

    17.8. Key Players Participants - Intensity Mapping

18. South West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    18.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        18.4.1. By Product Type

        18.4.2. By Power Source

        18.4.3. By Technology

        18.4.4. By Usage

        18.4.5. By Sales Channel

    18.5. Attractiveness Analysis

        18.5.1. By Product Type

        18.5.2. By Power Source

        18.5.3. By Technology

        18.5.4. By Usage

        18.5.5. By Sales Channel

    18.6. Trends

    18.7. Drivers and Restraints - Impact Analysis

    18.8. Key Players Participants - Intensity Mapping

19. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023

    19.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034

        19.4.1. By Product Type

        19.4.2. By Power Source

        19.4.3. By Technology

        19.4.4. By Usage

        19.4.5. By Sales Channel

    19.5. Attractiveness Analysis

        19.5.1. By Product Type

        19.5.2. By Power Source

        19.5.3. By Technology

        19.5.4. By Usage

        19.5.5. By Sales Channel

    19.6. Trends

    19.7. Drivers and Restraints - Impact Analysis

    19.8. Key Players Participants - Intensity Mapping

20. Structure Analysis

    20.1. Analysis by Tier of Companies

    20.2. Share Analysis of Top Players

    20.3. Presence Analysis

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. Philips

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Segments (Product/Channel/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. Acuity Brands Lighting, Inc.

        21.3.3. Eaton Corporation

        21.3.4. Leviton Manufacturing Co., Inc.

        21.3.5. Legrand

        21.3.6. Ideal Industries, Inc.

        21.3.7. Lutron Electronics Co., Inc.

        21.3.8. RAB Lighting

        21.3.9. Osram Licht AG

        21.3.10. Cree, Inc.

        21.3.11. Eaton Corporation

        21.3.12. Osram Sylvania

        21.3.13. Hubbell Lighting

        21.3.14. Cooper Lighting

        21.3.15. Zumtobel Group

        21.3.16. Eaton Corporation

        21.3.17. Panasonic

        21.3.18. Osram

        21.3.19. Acuity Brands

        21.3.20. GE Lighting

        21.3.21. Leviton Manufacturing Co., Inc.

        21.3.22. Legrand

        21.3.23. Ideal Industries, Inc.

        21.3.24. Osram Licht AG

        21.3.25. Cree, Inc.

        21.3.26. Others (as requested)

22. Assumptions and Acronyms Used

23. Research Methodology

List of Tables

Table1: Value (US$ million) Analysis By Product Type, 2019 to 2034

Table2: Value (US$ million) Analysis By Product Type, 2019 to 2034

Table3: Value (US$ million) Analysis By Power Source, 2019 to 2034

Table4: Value (US$ million) Analysis By Power Source, 2019 to 2034

Table5: Value (US$ million) Analysis By Technology, 2019 to 2034

Table6: Value (US$ million) Analysis By Technology, 2019 to 2034

Table7: Value (US$ million) Analysis By Usage, 2019 to 2034

Table8: Value (US$ million) Analysis By Usage, 2019 to 2034

Table9: Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table10: Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table11: West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table12: West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table13: West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table14: West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table15: West Value (US$ million) Analysis By Technology, 2019 to 2034

Table16: West Value (US$ million) Analysis By Technology, 2019 to 2034

Table17: West Value (US$ million) Analysis By Usage, 2019 to 2034

Table18: West Value (US$ million) Analysis By Usage, 2019 to 2034

Table19: West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table20: West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table21: South West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table22: South West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table23: South West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table24: South West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table25: South West Value (US$ million) Analysis By Technology, 2019 to 2034

Table26: South West Value (US$ million) Analysis By Technology, 2019 to 2034

Table27: South West Value (US$ million) Analysis By Usage, 2019 to 2034

Table28: South West Value (US$ million) Analysis By Usage, 2019 to 2034

Table29: South West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table30: South West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table31: Mid-West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table32: Mid-West Value (US$ million) Analysis By Product Type, 2019 to 2034

Table33: Mid-West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table34: Mid-West Value (US$ million) Analysis By Power Source, 2019 to 2034

Table35: Mid-West Value (US$ million) Analysis By Technology, 2019 to 2034

Table36: Mid-West Value (US$ million) Analysis By Technology, 2019 to 2034

Table37: Mid-West Value (US$ million) Analysis By Usage, 2019 to 2034

Table38: Mid-West Value (US$ million) Analysis By Usage, 2019 to 2034

Table39: Mid-West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table40: Mid-West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table41: North East Value (US$ million) Analysis By Product Type, 2019 to 2034

Table42: North East Value (US$ million) Analysis By Product Type, 2019 to 2034

Table43: North East Value (US$ million) Analysis By Power Source, 2019 to 2034

Table44: North East Value (US$ million) Analysis By Power Source, 2019 to 2034

Table45: North East Value (US$ million) Analysis By Technology, 2019 to 2034

Table46: North East Value (US$ million) Analysis By Technology, 2019 to 2034

Table47: North East Value (US$ million) Analysis By Usage, 2019 to 2034

Table48: North East Value (US$ million) Analysis By Usage, 2019 to 2034

Table49: North East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table50: North East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table51: South East Value (US$ million) Analysis By Product Type, 2019 to 2034

Table52: South East Value (US$ million) Analysis By Product Type, 2019 to 2034

Table53: South East Value (US$ million) Analysis By Power Source, 2019 to 2034

Table54: South East Value (US$ million) Analysis By Power Source, 2019 to 2034

Table55: South East Value (US$ million) Analysis By Technology, 2019 to 2034

Table56: South East Value (US$ million) Analysis By Technology, 2019 to 2034

Table57: South East Value (US$ million) Analysis By Usage, 2019 to 2034

Table58: South East Value (US$ million) Analysis By Usage, 2019 to 2034

Table59: South East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table60: South East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Table61: Sales Analysis By Product Type, 2019 to 2034

Table62: Sales Analysis By Product Type, 2019 to 2034

Table63: Sales Analysis By Power Source, 2019 to 2034

Table64: Sales Analysis By Power Source, 2019 to 2034

Table65: Sales Analysis By Technology, 2019 to 2034

Table66: Sales Analysis By Technology, 2019 to 2034

Table67: Sales Analysis By Usage, 2019 to 2034

Table68: Sales Analysis By Usage, 2019 to 2034

Table69: Sales Analysis By Sales Channel, 2019 to 2034

Table70: Sales Analysis By Sales Channel, 2019 to 2034

List of Charts

Figure 01: Value (US$ million) and Volume (Units) Analysis, 2019 to 2023

Figure 02: Value (US$ million) and Volume (Units) Forecast, 2024 to 2034

Figure 03: Value (US$ million) Analysis, 2019 to 2023

Figure 04: Value (US$ million) Forecast, 2024 to 2034

Figure 05: Absolute $ Opportunity Value (US$ million), 2024 to 2034

Figure 06: Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 07: Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 08: Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 09: Attractiveness By Product Type, 2024 to 2034

Figure 10: Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 11: Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 12: Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 13: Attractiveness By Power Source, 2024 to 2034

Figure 14: Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 15: Volume (Units) Analysis By Technology, 2019 to 2034

Figure 16: Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 17: Attractiveness By Technology, 2024 to 2034

Figure 18: Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 19: Volume (Units) Analysis By Usage, 2019 to 2034

Figure 20: Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 21: Attractiveness By Usage, 2024 to 2034

Figure 22: Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 23: Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 24: Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 25: Attractiveness By Sales Channel, 2024 to 2034

Figure 26: Value (US$ million) Analysis By Region, 2019 to 2034

Figure 27: Volume (Units) Analysis By Region, 2019 to 2034

Figure 28: Y-o-Y Growth (%) Projections, By Region, 2024 to 2034

Figure 29: Attractiveness By Region, 2024 to 2034

Figure 30: West Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 31: West Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 32: West Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 33: West Attractiveness By Product Type, 2024 to 2034

Figure 34: West Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 35: West Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 36: West Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 37: West Attractiveness By Power Source, 2024 to 2034

Figure 38: West Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 39: West Volume (Units) Analysis By Technology, 2019 to 2034

Figure 40: West Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 41: West Attractiveness By Technology, 2024 to 2034

Figure 42: West Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 43: West Volume (Units) Analysis By Usage, 2019 to 2034

Figure 44: West Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 45: West Attractiveness By Usage, 2024 to 2034

Figure 46: West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 47: West Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 48: West Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 49: West Attractiveness By Sales Channel, 2024 to 2034

Figure 50: South East Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 51: South East Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 52: South West Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 53: South West Attractiveness By Product Type, 2024 to 2034

Figure 54: South West Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 55: South West Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 56: South West Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 57: South West Attractiveness By Power Source, 2024 to 2034

Figure 58: South West Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 59: South West Volume (Units) Analysis By Technology, 2019 to 2034

Figure 60: South West Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 61: South West Attractiveness By Technology, 2024 to 2034

Figure 62: South West Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 63: South West Volume (Units) Analysis By Usage, 2019 to 2034

Figure 64: South West Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 65: South West Attractiveness By Usage, 2024 to 2034

Figure 66: South West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 67: South West Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 68: South West Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 69: South West Attractiveness By Sales Channel, 2024 to 2034

Figure 70: South West Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 71: South West Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 72: Mid-West Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 73: Mid-West Attractiveness By Product Type, 2024 to 2034

Figure 74: Mid-West Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 75: Mid-West Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 76: Mid-West Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 77: Mid-West Attractiveness By Power Source, 2024 to 2034

Figure 78: Mid-West Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 79: Mid-West Volume (Units) Analysis By Technology, 2019 to 2034

Figure 80: Mid-West Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 81: Mid-West Attractiveness By Technology, 2024 to 2034

Figure 82: Mid-West Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 83: Mid-West Volume (Units) Analysis By Usage, 2019 to 2034

Figure 84: Mid-West Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 85: Mid-West Attractiveness By Usage, 2024 to 2034

Figure 86: Mid-West Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 87: Mid-West Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 88: Mid-West Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 89: Mid-West Attractiveness By Sales Channel, 2024 to 2034

Figure 90: Mid-West Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 91: Mid-West Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 92: North East Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 93: North East Attractiveness By Product Type, 2024 to 2034

Figure 94: North East Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 95: North East Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 96: North East Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 97: North East Attractiveness By Power Source, 2024 to 2034

Figure 98: North East Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 99: North East Volume (Units) Analysis By Technology, 2019 to 2034

Figure 100: North East Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 101: North East Attractiveness By Technology, 2024 to 2034

Figure 102: North East Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 103: North East Volume (Units) Analysis By Usage, 2019 to 2034

Figure 104: North East Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 105: North East Attractiveness By Usage, 2024 to 2034

Figure 106: North East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 107: North East Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 108: North East Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 109: North East Attractiveness By Sales Channel, 2024 to 2034

Figure 110: North East Value (US$ million) Analysis By Product Type, 2019 to 2034

Figure 111: North East Volume (Units) Analysis By Product Type, 2019 to 2034

Figure 112: South East Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 113: South East Attractiveness By Product Type, 2024 to 2034

Figure 114: South East Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 115: South East Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 116: South East Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 117: South East Attractiveness By Power Source, 2024 to 2034

Figure 118: South East Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 119: South East Volume (Units) Analysis By Technology, 2019 to 2034

Figure 120: South East Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 121: South East Attractiveness By Technology, 2024 to 2034

Figure 122: South East Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 123: South East Volume (Units) Analysis By Usage, 2019 to 2034

Figure 124: South East Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 125: South East Attractiveness By Usage, 2024 to 2034

Figure 126: South East Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 127: South East Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 128: South East Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 129: South East Attractiveness By Sales Channel, 2024 to 2034

Figure 130: Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034

Figure 131: Attractiveness By Product Type, 2024 to 2034

Figure 132: Value (US$ million) Analysis By Power Source, 2019 to 2034

Figure 133: Volume (Units) Analysis By Power Source, 2019 to 2034

Figure 134: Y-o-Y Growth (%) Projections, By Power Source, 2024 to 2034

Figure 135: Attractiveness By Power Source, 2024 to 2034

Figure 136: Value (US$ million) Analysis By Technology, 2019 to 2034

Figure 137: Volume (Units) Analysis By Technology, 2019 to 2034

Figure 138: Y-o-Y Growth (%) Projections, By Technology, 2024 to 2034

Figure 139: Attractiveness By Technology, 2024 to 2034

Figure 140: Value (US$ million) Analysis By Usage, 2019 to 2034

Figure 141: Volume (Units) Analysis By Usage, 2019 to 2034

Figure 142: Y-o-Y Growth (%) Projections, By Usage, 2024 to 2034

Figure 143: Attractiveness By Usage, 2024 to 2034

Figure 144: Value (US$ million) Analysis By Sales Channel, 2019 to 2034

Figure 145: Volume (Units) Analysis By Sales Channel, 2019 to 2034

Figure 146: Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034

Figure 147: Attractiveness By Sales Channel, 2024 to 2034

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