U.S. Architectural Lighting Market Size & Outlook
U.S. architectural lighting market, 2018-2030 (US$M)
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U.S. architectural lighting market highlights
- The U.S. architectural lighting market generated a revenue of USD 1,248.1 million in 2023 and is expected to reach USD 1,905.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.2% 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.
Architectural lighting market data book summary
| Market revenue in 2023 | USD 1,248.1 million |
| Market revenue in 2030 | USD 1,905.0 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Ballasts |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 13.1% of the global architectural lighting market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. architectural lighting market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 365.6 million by 2030.
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Architectural Lighting Market Scope
Architectural Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 16.57% in 2023. Horizon Databook has segmented the U.S. 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 integration of smart controls and IoT technology into lighting systems has emerged as a prominent trend in the U.S. architectural lighting industry. Smart lighting solutions feature remote control, automation, and customization, resulting in increased energy savings and a better user experience.
Renovation efforts involving the upgradation of old lighting systems to energy-efficient solutions have also aided the U.S. market growth. The demand for sustainable lighting solutions has grown in response to increased public awareness about environmental issues and the need for energy efficiency.
In response, architectural lighting manufacturers are developing energy-efficient LED lighting products that help businesses and homeowners reduce energy consumption and energy costs. The U.S. government is establishing energy efficiency standards and building codes at the state, federal, and local levels, mandating the use of energy-efficient lighting solutions in new construction and remodeling projects.
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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 country-level data and insights on the U.S. architectural lighting market , including forecasts for subscribers. This country databook contains high-level insights into U.S. architectural lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. architectural lighting market size, by component, 2018-2030 (US$M)
U.S. Architectural Lighting Market Outlook Share, 2023 & 2030 (US$M)
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