- In May 2024, Lutron Electronics Co., Inc., introduced new products in luxury downlighting, named the Ketra D2 and Rania D2 architectural downlights. This has enhanced the company’s product portfolio for lightings
- In August 2023, Lutron Electronics Co., Inc. announced the release of their new Luxury Experience App, available on the App Store. This innovative iPad app is set to transform how users engage with the Lutron portfolio, delivering an exceptional digital experience of luxury residential solutions
- In September 2023, Lutron Electronics Co., Inc. unveiled the Lutron hospitality solution, which includes the advanced myRoom XC guestroom system. This cloud-connected solution enables seamless management of all property areas—guestrooms, public spaces, event venues, and private residences—through a unified dashboard
- In November 2022, Wipro Lighting partnered with Aura Air, focusing on providing enterprises with solutions for clean indoor air. This collaboration integrates advanced air purification technologies with Wipro’s lighting solutions to improve indoor air quality in workspaces. The goal is to create healthier environments by offering both efficient lighting and cleaner air
- In April 2023, The T.O Pendant by Pablo Designs was shortlisted for Lighting of the Year. Celebrating the importance of light, it features an elegant wand suspended by woven nylon belts with 360-degree rotation for versatile lighting. It easily transitions from direct task light to ambient illumination and supports various configurations, including linear, multi-axis, and multi-level setups, suitable for both residential and workplace environments
Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW
1.4 LIMITATIONS
1.5 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 DBMR TRIPOD DATA VALIDATION MODEL
2.6 MULTIVARIATE MODELING
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.8 DBMR MARKET POSITION GRID
2.9 MARKET END-USER COVERAGE GRID
2.1 DBMR VENDOR SHARE ANALYSIS
2.11 SECONDARY SOURCES
2.12 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 MARKET TRENDS
4.1.1 BUYER’S TRENDS
4.1.1.1 SHIFT TOWARDS LED LIGHTING
4.1.1.2 ENERGY EFFICIENCY AND SUSTAINABILITY
4.1.1.3 SMART LIGHTING AND IOT INTEGRATION
4.1.1.4 CUSTOMIZATION AND DESIGN TRENDS
4.1.1.5 HEALTH AND WELLNESS LIGHTING
4.1.1.6 INCREASED ONLINE PURCHASES
4.1.1.7 RETROFIT AND NEW INSTALLATION PREFERENCES
4.1.1.8 PRICE SENSITIVITY AND VALUE PERCEPTION
4.1.1.9 COMMERCIAL SECTOR DEMAND
4.1.2 MANUFACTURING TRENDS
4.1.2.1 TECHNOLOGICAL ADVANCEMENTS
4.1.2.2 SUSTAINABILITY AND ECO-FRIENDLY PRODUCTS
4.1.2.3 DESIGN AND CUSTOMIZATION
4.1.2.4 MARKET CONSOLIDATION
4.1.2.5 GROWTH IN SMART LIGHTING
4.1.2.6 REGULATORY COMPLIANCE
4.1.2.7 EMERGING MARKETS AND APPLICATIONS
4.1.2.8 SUPPLY CHAIN AND LOGISTICS
4.1.2.9 INNOVATION IN LIGHTING CONTROLS
4.1.3 RAW MATERIAL/CONSUMABLE SUPPLIER TRENDS
4.1.3.1 HIGH-QUALITY LED COMPONENTS
4.1.3.2 SOURCING OF SUSTAINABLE MATERIALS
4.1.3.3 SUPPLY CHAIN DIVERSIFICATION
4.1.3.4 ADVANCEMENTS IN PHOSPHOR AND COATING MATERIALS
4.1.3.5 FOCUS ON DURABILITY AND LONGEVITY
4.1.3.6 INNOVATIONS IN OPTICS AND LENSES
4.1.3.7 SUPPLY OF SMART LIGHTING COMPONENTS
4.1.3.8 COLLABORATIONS AND PARTNERSHIPS
4.1.4 REGULATORY FRAMEWORK AND GUIDELINES
4.1.5 TECHNOLOGICAL TRENDS
4.1.5.1 SMART LIGHTING INTEGRATION
4.1.5.2 SUSTAINABLE AND ENERGY-EFFICIENT DESIGNS
4.1.5.3 HUMAN-CENTRIC LIGHTING (HCL)
4.1.5.4 AESTHETIC INNOVATIONS
4.1.5.5 ADVANCED MATERIALS AND FINISHES
4.2 BRAND SHARE MATRIX
4.3 COMPETITIVE INTELLIGENCE
4.3.1 MAJOR PLAYERS
4.4 COMPETITOR KEY PRICING STRATEGIES
4.4.1 COST-PLUS PRICING
4.4.2 COMPETITIVE PRICING
4.4.3 VALUE-BASED PRICING
4.4.4 PENETRATION PRICING
4.4.5 DYNAMIC PRICING
4.4.6 PREMIUM PRICING
4.4.7 BUNDLE PRICING
4.4.8 SEASONAL PRICING
4.5 INDUSTRY INSIGHTS
4.5.1 INDUSTRY ANALYSIS & FUTURISTIC SCENARIO
4.5.1.1 CURRENT MARKET LANDSCAPE
4.5.1.2 TECHNOLOGY TRENDS
4.5.1.3 REGULATORY ENVIRONMENT
4.5.1.4 COMPETITIVE LANDSCAPE
4.5.1.5 FUTURE OUTLOOK
4.5.2 PENETRATION AND GROWTH PROSPECT MAPPING
4.5.2.1 SEGMENTAL PENETRATION
4.5.2.2 GROWTH PROSPECTS
4.5.2.3 MARKET CHALLENGES AND OPPORTUNITIES
4.6 MARKET OUTLOOK AND IMPLICATIONS
4.6.1 MARKET OUTLOOK
4.6.2 IMPLICATIONS FOR THE U.S. LIGHTING MARKET
4.7 TECHNOLOGY ANALYSIS
4.7.1 LED DOMINANCE AND INNOVATIONS
4.7.2 OLED TECHNOLOGY
4.7.3 HUMAN-CENTRIC LIGHTING (HCL)
4.7.4 ENERGY EFFICIENCY AND SUSTAINABILITY
4.8 TOP RETAILERS AND BRANDS
4.9 TOP USE CASES AND CUSTOMER FEEDBACK
5 MARKET OVERVIEW
5.1 DRIVERS
5.1.1 GROWING CUSTOMER PREFERENCES FOR ENERGY EFFICIENT LIGHTING SOLUTIONS
5.1.2 GOVERNMENT REGULATIONS AND POLICIES PROMOTING ENERGY EFFICIENCY
5.1.3 RAPID URBANIZATION AND INFRASTRUCTURE DEVELOPMENT
5.2 RESTRAINTS
5.2.1 HIGH INITIAL COST OF LED LIGHTING AND SMART LIGHTING SYSTEMS
5.2.2 MARKET SATURATION OF LED LIGHTING IN RESIDENTIAL SECTOR IN THE U.S.
5.3 OPPORTUNITIES
5.3.1 SMART LIGHTING AND IOT INTEGRATION FOR SMART HOMES AND COMMERCIAL BUILDINGS
5.3.2 RISE IN TREND OF RETROFITTING EXISTING BUILDINGS WITH ENERGY-EFFICIENT LIGHTING
5.3.3 EMERGING TECHNOLOGIES AND INNOVATIONS IN LIGHTING TECHNOLOGIES SUCH AS LI-FI AND HUMAN-CENTRIC LIGHTING (HCL)
5.4 CHALLENGES
5.4.1 HIGHLY COMPETITIVE MARKET WITH NUMEROUS PLAYERS
5.4.2 SUPPLY CHAIN CHALLENGES AND MATERIAL COSTS RELATED TO LIGHTENING COMPONENTS
6 U.S. LIGHTING MARKET, BY LIGHTING TYPE
6.1 OVERVIEW
6.2 LIGHT BULBS
6.3 CEILING LIGHT
6.4 LAMPS
6.5 FIXTURES
7 U.S. LIGHTING MARKET, BY LOCATION
7.1 OVERVIEW
7.2 INDOOR
7.3 OUTDOOR
8 U.S. LIGHTING MARKET, BY CONNECTIVITY
8.1 OVERVIEW
8.2 WIRED
8.3 WIRELESS
9 U.S. LIGHTING MARKET, BY INSTALLATION TYPE
9.1 OVERVIEW
9.2 NEW INSTALLATION
9.3 RETROFIT
10 U.S. LIGHTING MARKET, BY DISTRIBUTION CHANNEL
10.1 OVERVIEW
10.2 OFFLINE
10.3 ONLINE
11 U.S. LIGHTING MARKET, BY END-USER
11.1 OVERVIEW
11.2 COMMERCIAL
11.3 RESIDENTIAL
12 U.S. LIGHTING MARKET: COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: U.S.
13 SWOT ANALYSIS
14 COMPANY PROFILE
14.1 SIGNIFY HOLDING
14.1.1 COMPANY SNAPSHOT
14.1.2 REVENUE ANALYSIS
14.1.3 PRODUCT PORTFOLIO
14.1.4 RECENT DEVELOPMENTS
14.2 AMS-OSRAM AG
14.2.1 COMPANY SNAPSHOT
14.2.2 REVENUE ANALYSIS
14.2.3 PRODUCT PORTFOLIO
14.2.4 RECENT DEVELOPMENTS
14.3 LUTRON ELECTRONICS CO., INC
14.3.1 COMPANY SNAPSHOT
14.3.2 PRODUCT PORTFOLIO
14.3.3 RECENT DEVELOPMENTS
14.4 HERMAN MILLER INC.
14.4.1 COMPANY SNAPSHOT
14.4.2 PRODUCT PORTFOLIO
14.4.3 RECENT DEVELOPMENTS
14.5 INTER IKEA SYSTEMS B.V.
14.5.1 COMPANY SNAPSHOT
14.5.2 PRODUCT PORTFOLIO
14.5.3 RECENT DEVELOPMENTS
14.6 ARTEMIDE S.P.A.
14.6.1 COMPANY SNAPSHOT
14.6.2 PRODUCT PORTFOLIO
14.6.3 RECENT DEVELOPMENTS
14.7 FLOS
14.7.1 COMPANY SNAPSHOT
14.7.2 PRODUCT PORTFOLIO
14.7.3 RECENT DEVELOPMENTS
14.8 HAVELLS INDIA LTD.
14.8.1 COMPANY SNAPSHOT
14.8.2 REVENUE ANALYSIS
14.8.3 PRODUCT PORTFOLIO
14.8.4 RECENT DEVELOPMENTS
14.9 KONCEPT INC.
14.9.1 COMPANY SNAPSHOT
14.9.2 PRODUCT PORTFOLIO
14.9.3 RECENT DEVELOPMENTS
14.1 OTTLITE
14.10.1 COMPANY SNAPSHOT
14.10.2 PRODUCT PORTFOLIO
14.10.3 RECENT DEVELOPMENTS
14.11 PABLO DESIGN
14.11.1 COMPANY SNAPSHOT
14.11.2 PRODUCT PORTFOLIO
14.11.3 RECENT DEVELOPMENTS
14.12 WIPRO LIGHTING
14.12.1 COMPANY SNAPSHOT
14.12.2 PRODUCT PORTFOLIO
14.12.3 RECENT DEVELOPMENTS
15 QUESTIONNAIRE
16 RELATED REPORTS
List of Table
TABLE 1 REGULATORY FRAMEWORK AND GUIDELINES
TABLE 2 COMPETITIVE INTELLIGENCE
TABLE 3 U.S. LIGHTING MARKET, BY LIGHTING TYPE, 2023-2031 (USD THOUSAND)
TABLE 4 U.S. LIGHTING MARKET, BY LIGHTING TYPE, 2023-2031 (THOUSAND UNITS)
TABLE 5 U.S. LAMPS IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 6 U.S. LIGHTING MARKET, BY LOCATION, 2023-2031 (USD THOUSAND)
TABLE 7 U.S. LIGHTING MARKET, BY LOCATION, 2023-2031 (THOUSAND UNITS)
TABLE 8 U.S. LIGHTING MARKET, BY CONNECTIVITY, 2023-2031 (USD THOUSAND)
TABLE 9 U.S. LIGHTING MARKET, BY CONNECTIVITY, 2023-2031 (THOUSAND UNITS)
TABLE 10 U.S. WIRED IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 11 U.S. WIRELESS IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 12 U.S. LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2031 (USD THOUSAND)
TABLE 13 U.S. LIGHTING MARKET, BY INSTALLATION TYPE, 2023-2031 (THOUSAND UNITS)
TABLE 14 U.S. LIGHTING MARKET, BY DISTRIBUTION CHANNEL, 2023-2031 (USD THOUSAND)
TABLE 15 U.S. LIGHTING MARKET, BY DISTRIBUTION CHANNEL, 2023-2031 (THOUSAND UNITS)
TABLE 16 U.S. OFFLINE IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 17 U.S. ONLINE IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 18 U.S. LIGHTING MARKET, BY END-USER, 2023-2031 (USD THOUSAND)
TABLE 19 U.S. LIGHTING MARKET, BY END-USER, 2023-2031 (THOUSAND UNITS)
TABLE 20 U.S. COMMERCIAL IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 21 U.S. COMMERCIAL IN LIGHTING MARKET, BY LIGHTING TYPE, 2023-2031 (USD THOUSAND)
TABLE 22 U.S. LAMPS IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 23 U.S. RESIDENTIAL IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
TABLE 24 U.S. RESIDENTIAL IN LIGHTING MARKET, BY LIGHTING TYPE, 2023-2031 (USD THOUSAND)
TABLE 25 U.S. LAMPS IN LIGHTING MARKET, BY TYPE, 2023-2031 (USD THOUSAND)
List of Figure
FIGURE 1 U.S. LIGHTING MARKET: SEGMENTATION
FIGURE 2 U.S. LIGHTING MARKET: DATA TRIANGULATION
FIGURE 3 U.S. LIGHTING MARKET: DROC ANALYSIS
FIGURE 4 U.S. LIGHTING MARKET: REGIONAL VS COUNTRY MARKET ANALYSIS
FIGURE 5 U.S. LIGHTING MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 U.S. LIGHTING MARKET: MULTIVARIATE MODELLING
FIGURE 7 U.S. LIGHTING MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 8 U.S. LIGHTING MARKET: DBMR MARKET POSITION GRID
FIGURE 9 U.S. LIGHTING MARKET: VENDOR SHARE ANALYSIS
FIGURE 10 U.S. LIGHTING MARKET: VENDOR SHARE ANALYSIS
FIGURE 11 U.S. LIGHTING MARKET: SEGMENTATION
FIGURE 12 FOUR SEGMENTS COMPRISE THE U.S. LIGHTING MARKET, BY LIGHTING TYPE
FIGURE 13 U.S. LIGHTING MARKET: EXECUTIVE SUMMARY
FIGURE 14 U.S. LIGHTING MARKET: STRATEGIC DECISIONS
FIGURE 15 GROWING CUSTOMER PREFERENCES FOR ENERGY-EFFICIENT LIGHTING SOLUTIONS ARE EXPECTED TO DRIVE THE U.S. LIGHTING MARKET IN THE FORECAST PERIOD
FIGURE 16 THE LIGHT BULBS SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. LIGHTING MARKET IN 2025 AND 2031
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF U.S. LIGHTING MARKET
FIGURE 18 U.S. LIGHTING MARKET: BY LIGHTING TYPE, 2024
FIGURE 19 U.S. LIGHTING MARKET: BY LOCATION, 2024
FIGURE 20 U.S. LIGHTING MARKET: BY CONNECTIVITY, 2024
FIGURE 21 U.S. LIGHTING MARKET: BY INSTALLATION TYPE, 2024
FIGURE 22 U.S. LIGHTING MARKET: BY DISTRIBUTION CHANNEL, 2024
FIGURE 23 U.S. LIGHTING MARKET, BY END-USER, 2024
FIGURE 24 U.S. LIGHTING MARKET: COMPANY SHARE 2024 (%)
