Summary

U.S. lighting market is expected to reach USD 3.35 billion by 2031 from USD 2.62 billion in 2024, growing with a substantial CAGR of 3.7% in the forecast period of 2025 to 2031.

Market Segmentation:
U.S. Lighting Market Segmentation, By Lighting Type (Light Bulbs, Ceiling Light, Lamps, and Fixtures), Location (Indoor and Outdoor), Connectivity (Wired, and Wireless), Installation Type (New Installation and Retrofit), Distribution Channel (Offline and Online), End-User (Commercial and Residential) – Industry Trends and Forecast to 2031

Overview of the U.S. Lighting Market Dynamics:

Driver
• Rapid urbanization and infrastructure development
Restraint
• High initial cost of LED lighting and smart lighting systems
Opportunity
• Smart lighting and IoT integration for smart homes and commercial buildings
Market Players:

The key players operating in the U.S. lighting market are:
• Lutron Electronics Co., Inc (U.S.)
• Koncept Inc. (U.S.)
• Ottlite (U.S.)
• Herman Miller, Inc. (U.S.)
• Inter IKEA Systems B.V. (Netherlands)
• Artemide S.p.A (Italy)
• Pablo Design (California)
• Flos S.p.A. (Italy)
• Wipro Lighting (India)
• Havells India Ltd. (India)
• Signify Holding (Netherlands)
• ams-OSRAM AG (Austria)

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Table of Contents

1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW 11
1.4 LIMITATIONS 12
1.5 MARKETS COVERED 13
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 CURRENCY AND PRICING 17
2.5 DBMR TRIPOD DATA VALIDATION MODEL 18
2.6 MULTIVARIATE MODELING 21
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 22
2.8 DBMR MARKET POSITION GRID 23
2.9 MARKET END-USER COVERAGE GRID 24
2.10 DBMR VENDOR SHARE ANALYSIS 25
2.11 SECONDARY SOURCES 26
2.12 ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 33
4.1 MARKET TRENDS 34
4.1.1 BUYER’S TRENDS 34
4.1.1.1 SHIFT TOWARDS LED LIGHTING 34
4.1.1.2 ENERGY EFFICIENCY AND SUSTAINABILITY 34
4.1.1.3 SMART LIGHTING AND IOT INTEGRATION 34
4.1.1.4 CUSTOMIZATION AND DESIGN TRENDS 34
4.1.1.5 HEALTH AND WELLNESS LIGHTING 34
4.1.1.6 INCREASED ONLINE PURCHASES 34
4.1.1.7 RETROFIT AND NEW INSTALLATION PREFERENCES 35
4.1.1.8 PRICE SENSITIVITY AND VALUE PERCEPTION 35
4.1.1.9 COMMERCIAL SECTOR DEMAND 35
 
4.1.2 MANUFACTURING TRENDS 36
4.1.2.1 TECHNOLOGICAL ADVANCEMENTS 36
4.1.2.2 SUSTAINABILITY AND ECO-FRIENDLY PRODUCTS 36
4.1.2.3 DESIGN AND CUSTOMIZATION 36
4.1.2.4 MARKET CONSOLIDATION 36
4.1.2.5 GROWTH IN SMART LIGHTING 36
4.1.2.6 REGULATORY COMPLIANCE 36
4.1.2.7 EMERGING MARKETS AND APPLICATIONS 36
4.1.2.8 SUPPLY CHAIN AND LOGISTICS 36
4.1.2.9 INNOVATION IN LIGHTING CONTROLS 37
4.1.3 RAW MATERIAL/CONSUMABLE SUPPLIER TRENDS 38
4.1.3.1 HIGH-QUALITY LED COMPONENTS 38
4.1.3.2 SOURCING OF SUSTAINABLE MATERIALS 38
4.1.3.3 SUPPLY CHAIN DIVERSIFICATION 38
4.1.3.4 ADVANCEMENTS IN PHOSPHOR AND COATING MATERIALS 38
4.1.3.5 FOCUS ON DURABILITY AND LONGEVITY 38
4.1.3.6 INNOVATIONS IN OPTICS AND LENSES 38
4.1.3.7 SUPPLY OF SMART LIGHTING COMPONENTS 38
4.1.3.8 COLLABORATIONS AND PARTNERSHIPS 39
4.1.4 REGULATORY FRAMEWORK AND GUIDELINES 40
4.1.5 TECHNOLOGICAL TRENDS 43
4.1.5.1 SMART LIGHTING INTEGRATION 43
4.1.5.2 SUSTAINABLE AND ENERGY-EFFICIENT DESIGNS 43
4.1.5.3 HUMAN-CENTRIC LIGHTING (HCL) 43
4.1.5.4 AESTHETIC INNOVATIONS 43
4.1.5.5 ADVANCED MATERIALS AND FINISHES 44
4.2 BRAND SHARE MATRIX 45
4.3 COMPETITIVE INTELLIGENCE 46
4.3.1 MAJOR PLAYERS 46
4.4 COMPETITOR KEY PRICING STRATEGIES 49
4.4.1 COST-PLUS PRICING 49
4.4.2 COMPETITIVE PRICING 49
4.4.3 VALUE-BASED PRICING 49
4.4.4 PENETRATION PRICING 49
4.4.5 DYNAMIC PRICING 49
4.4.6 PREMIUM PRICING 50
4.4.7 BUNDLE PRICING 50
4.4.8 SEASONAL PRICING 50
 
4.5 INDUSTRY INSIGHTS 51
4.5.1 INDUSTRY ANALYSIS & FUTURISTIC SCENARIO 51
4.5.1.1 CURRENT MARKET LANDSCAPE 51
4.5.1.2 TECHNOLOGY TRENDS 51
4.5.1.3 REGULATORY ENVIRONMENT 51
4.5.1.4 COMPETITIVE LANDSCAPE 51
4.5.1.5 FUTURE OUTLOOK 51
4.5.2 PENETRATION AND GROWTH PROSPECT MAPPING 52
4.5.2.1 SEGMENTAL PENETRATION 52
4.5.2.2 GROWTH PROSPECTS 52
4.5.2.3 MARKET CHALLENGES AND OPPORTUNITIES 52
4.6 MARKET OUTLOOK AND IMPLICATIONS 53
4.6.1 MARKET OUTLOOK 53
4.6.2 IMPLICATIONS FOR THE U.S. LIGHTING MARKET 53
4.7 TECHNOLOGY ANALYSIS 54
4.7.1 LED DOMINANCE AND INNOVATIONS 54
4.7.2 OLED TECHNOLOGY 54
4.7.3 HUMAN-CENTRIC LIGHTING (HCL) 54
4.7.4 ENERGY EFFICIENCY AND SUSTAINABILITY 55
4.8 TOP RETAILERS AND BRANDS 56
4.9 TOP USE CASES AND CUSTOMER FEEDBACK 61
5 MARKET OVERVIEW 63
5.1 DRIVERS 65
5.1.1 GROWING CUSTOMER PREFERENCES FOR ENERGY EFFICIENT LIGHTING SOLUTIONS 65
5.1.2 GOVERNMENT REGULATIONS AND POLICIES PROMOTING ENERGY EFFICIENCY 66
5.1.3 RAPID URBANIZATION AND INFRASTRUCTURE DEVELOPMENT 66
5.2 RESTRAINTS 67
5.2.1 HIGH INITIAL COST OF LED LIGHTING AND SMART LIGHTING SYSTEMS 67
5.2.2 MARKET SATURATION OF LED LIGHTING IN RESIDENTIAL SECTOR IN THE U.S. 68
5.3 OPPORTUNITIES 69
5.3.1 SMART LIGHTING AND IOT INTEGRATION FOR SMART HOMES AND COMMERCIAL BUILDINGS 69
5.3.2 RISE IN TREND OF RETROFITTING EXISTING BUILDINGS WITH ENERGY-EFFICIENT LIGHTING 70
5.3.3 EMERGING TECHNOLOGIES AND INNOVATIONS IN LIGHTING TECHNOLOGIES SUCH AS LI-FI AND HUMAN-CENTRIC LIGHTING (HCL) 70
5.4 CHALLENGES 72
5.4.1 HIGHLY COMPETITIVE MARKET WITH NUMEROUS PLAYERS 72
5.4.2 SUPPLY CHAIN CHALLENGES AND MATERIAL COSTS RELATED TO LIGHTENING COMPONENTS 72
6 U.S. LIGHTING MARKET, BY LIGHTING TYPE 74
6.1 OVERVIEW 75
6.2 LIGHT BULBS 76
6.3 CEILING LIGHT 76
6.4 LAMPS 76
6.5 FIXTURES 77
7 U.S. LIGHTING MARKET, BY LOCATION 78
7.1 OVERVIEW 79
7.2 INDOOR 80
7.3 OUTDOOR 80
8 U.S. LIGHTING MARKET, BY CONNECTIVITY 81
8.1 OVERVIEW 82
8.2 WIRED 83
8.3 WIRELESS 84
9 U.S. LIGHTING MARKET, BY INSTALLATION TYPE 85
9.1 OVERVIEW 86
9.2 NEW INSTALLATION 87
9.3 RETROFIT 87
10 U.S. LIGHTING MARKET, BY DISTRIBUTION CHANNEL 88
10.1 OVERVIEW 89
10.2 OFFLINE 90
10.3 ONLINE 91
11 U.S. LIGHTING MARKET, BY END-USER 92
11.1 OVERVIEW 93
11.2 COMMERCIAL 94
11.3 RESIDENTIAL 95
12 U.S. LIGHTING MARKET: COMPANY LANDSCAPE 97
12.1 COMPANY SHARE ANALYSIS: U.S. 97
13 SWOT ANALYSIS 98
14 COMPANY PROFILE 99
14.1 SIGNIFY HOLDING 99
14.1.1 COMPANY SNAPSHOT 99
14.1.2 REVENUE ANALYSIS 100
14.1.3 PRODUCT PORTFOLIO 100
14.1.4 RECENT DEVELOPMENTS 103
14.2 AMS-OSRAM AG 104
14.2.1 COMPANY SNAPSHOT 104
14.2.2 REVENUE ANALYSIS 104
14.2.3 PRODUCT PORTFOLIO 105
14.2.4 RECENT DEVELOPMENTS 107
14.3 LUTRON ELECTRONICS CO., INC 108
14.3.1 COMPANY SNAPSHOT 108
14.3.2 PRODUCT PORTFOLIO 108
14.3.3 RECENT DEVELOPMENTS 111
14.4 HERMAN MILLER INC. 112
14.4.1 COMPANY SNAPSHOT 112
14.4.2 PRODUCT PORTFOLIO 112
14.4.3 RECENT DEVELOPMENTS 113
14.5 INTER IKEA SYSTEMS B.V. 114
14.5.1 COMPANY SNAPSHOT 114
14.5.2 PRODUCT PORTFOLIO 114
14.5.3 RECENT DEVELOPMENTS 115
14.6 ARTEMIDE S.P.A. 116
14.6.1 COMPANY SNAPSHOT 116
14.6.2 PRODUCT PORTFOLIO 116
14.6.3 RECENT DEVELOPMENTS 118
14.7 FLOS 119
14.7.1 COMPANY SNAPSHOT 119
14.7.2 PRODUCT PORTFOLIO 119
14.7.3 RECENT DEVELOPMENTS 121
14.8 HAVELLS INDIA LTD. 122
14.8.1 COMPANY SNAPSHOT 122
14.8.2 REVENUE ANALYSIS 122
14.8.3 PRODUCT PORTFOLIO 123
14.8.4 RECENT DEVELOPMENTS 126
14.9 KONCEPT INC. 127
14.9.1 COMPANY SNAPSHOT 127
14.9.2 PRODUCT PORTFOLIO 127
14.9.3 RECENT DEVELOPMENTS 129
14.10 OTTLITE 130
14.10.1 COMPANY SNAPSHOT 130
14.10.2 PRODUCT PORTFOLIO 130
14.10.3 RECENT DEVELOPMENTS 132
 
14.11 PABLO DESIGN 133
14.11.1 COMPANY SNAPSHOT 133
14.11.2 PRODUCT PORTFOLIO 133
14.11.3 RECENT DEVELOPMENTS 135
14.12 WIPRO LIGHTING 136
14.12.1 COMPANY SNAPSHOT 136
14.12.2 PRODUCT PORTFOLIO 136
14.12.3 RECENT DEVELOPMENTS 138
15 QUESTIONNAIRE 139
16 RELATED REPORTS 142