“Government Regulations and Policies Promoting Energy Efficiency”
Government regulations and policies promoting energy efficiency are playing a pivotal role in driving the growth of the U.S. lighting market. These regulations aim to reduce energy consumption, lower greenhouse gas emissions, and promote sustainability across various industries, including residential, commercial, and industrial sectors. As a result, the trend for energy-efficient lighting solutions, such as LED (light-emitting diode) fixtures, is on the rise, significantly influencing market dynamics.
One of the most impactful regulatory frameworks is the Energy Independence and Security Act (EISA) of 2007, which set the foundation for phasing out inefficient incandescent bulbs and promoting more energy-efficient alternatives. This legislation established minimum efficiency standards for light bulbs, leading to the gradual replacement of traditional incandescent bulbs with compact fluorescent lamps (CFLs) and LEDs. The EISA has driven the adoption of energy-saving lighting technologies, encouraging consumers and businesses to invest in more efficient lighting solutions.
In addition, federal and state-level incentive programs, such as rebates and tax credits, are boosting the adoption of energy-efficient lighting products. These incentives reduce the upfront costs of LED lighting systems, making them more accessible to a broader range of consumers and businesses. For example, the U.S. Department of Energy’s (DOE) Better Buildings Initiative provides financial incentives for businesses to upgrade their lighting systems to more energy-efficient options. These programs not only support the transition to energy-efficient lighting but also contribute to reducing energy costs, which is a significant factor for both residential and commercial customers.
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 (%)
