North America Architectural Lighting Market Size & Outlook
North America architectural lighting market, 2018-2030 (US$M)
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North America architectural lighting market highlights
- The North America architectural lighting market generated a revenue of USD 1,479.0 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, ballasts was the largest revenue generating component in 2023.
- Lamps is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,479.0 million |
| Market revenue in 2030 | USD 2,270.6 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamp Holders, Ballasts, Lamps, Lenses/Shades, Trims, Wiring, Reflectors |
| Key market players worldwide | Acuity Brands Inc, GE Aerospace, Hubbell Inc, Ams-OSRAM AG, Panasonic Holdings Corp, Signify NV, Zumtobel Group AG ADR, Feilo Sylvania, Seoul Semiconductor, Cree Lighting, Delta Light, GVA Lighting, Siteco, TCP Lighting |
Other key industry trends
- In terms of revenue, North America region accounted for 15.5% of the global architectural lighting market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,512.4 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America architectural lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to architectural lighting market will help companies and investors design strategic landscapes.
Ballasts was the largest segment with a revenue share of 16.56% in 2023. Horizon Databook has segmented the North America architectural lighting market based on lamp holders, ballasts, lamps, lenses/shades, trims, wiring, reflectors covering the revenue growth of each sub-segment from 2018 to 2030.
The North American architectural lighting market growth can be attributed to vast developments in LED technology over the years, which have resulted in increased efficiency, greater lifespan, and lower costs of LEDs. As a result, LED lighting has become an increasingly popular option for new building and retrofit projects.
North America's stringent energy efficiency requirements and standards have pushed the use of energy-efficient lighting systems across applications such as architectural lighting. The high popularity of LED lighting solutions among architects and designers can also be attributed to their extended lifespan and flexibility in design.
Governments and authorities in the U.S. and Canada are investing in energy-efficient street lighting systems to improve safety and security in public spaces, fueling the demand for outdoor and landscape lighting solutions.
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Our clientele includes a mix of architectural lighting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America architectural lighting market , including forecasts for subscribers. This continent databook contains high-level insights into North America architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America architectural lighting market size, by country, 2018-2030 (US$M)
North America Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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