United States (USA) Lighting Fixtures Market Overview, 2029

Over the years, the US lightning fixtures market has grown and changed considerably due to technological improvements, shifting consumer preferences, and governmental effects. In along with adding to the visual appeal of rooms, lightning fixtures have a vital role in both household and business settings. This market sector includes a wide range of goods, ranging from contemporary LED and smart lighting solutions to conventional fluorescent and incandescent lighting fixtures. The development of the incandescent light bulb in the latter part of the nineteenth century, which completely changed interior lighting, is when the history of lightning fixtures in the US began. With the expansion of electrification efforts, this invention signalled the beginning of the widespread use of electric lighting, primarily in urban areas and then in rural ones. Lighting fixtures were more widely available and more reasonably priced in the early to mid-20th century as a result of mass production allowed by advancements in manufacturing processes and the creation of new materials. The introduction of fluorescent lighting in the middle of the twentieth century completely changed the market by providing more energy-efficient options to incandescent bulbs. Because fluorescent lighting use less energy and have a longer lifespan than typical incandescent bulbs, they have become more and more popular in commercial and industrial applications. With the development of LED (Light Emitting Diode) technology in the latter part of the twentieth and beginning of the 21st centuries, the growth of the US lightning fixtures market increased. LEDs were remarkable because of their unmatched energy efficiency, extended lifespan, and adaptability in terms of design. Demand and innovation in the industry were fueled by consumers' and companies' growing preference for LED lighting over conventional alternatives as environmental sustainability became more widely recognized. According to the research report "United States Lighting Fixtures Market Overview, 2029," published by Bonafide Research, the United States Lighting Fixtures market is anticipated to grow at more than 6.5% CAGR from 2024 to 2029. The market for lighting fixtures in the United States is mostly driven by technological improvements and the growing popularity of energy-efficient lighting options. The increased focus on sustainability and energy conservation, which is being driven by laws and incentives encouraging the adoption of energy-efficient lighting, is one of the main drivers. Compared to conventional incandescent and fluorescent lighting, LED technology, in particular, has gained broad acceptance because of its higher energy efficiency, longer lifespan, and lower maintenance costs. Another important factor is the use of smart lighting systems, which include functions like automation, colour correction, and dimming and can be managed remotely. Along with improving energy economy, these improvements also provide customers more convenience and choice over how their lighting looks.

The high initial expenditures of modern lighting technologies like LEDs and smart lighting systems present the industry with a number of challenges. Although these technologies offer efficiency and long-term savings, both residential and business customers may be put off by the initial outlay. The difficulty of integrating smart lighting technologies with the current infrastructure is a further significant challenge. Retrofitting older buildings can be more expensive and complex since many lack the wiring and technology needed to handle these sophisticated systems. As technology is advancing so fast, lighting items can become out of date very quickly. This presents a danger to investors and customers alike when it comes to inventory management and investment. Human-centric lighting, which replicates natural light patterns to enhance people's productivity and well-being, is becoming more and more popular. This tendency is especially noticeable in commercial environments like workplaces and medical institutions, where good lighting has a big influence on productivity, mood, and well-being. The growing usage of Internet of Things technology in lighting fixtures, which makes more sophisticated and networked lighting systems possible, is another trend. IoT-enabled lighting offers more automation and customisation options through communication with other smart systems and devices. Consumers and organisations continue to place a high value on aesthetics, looking for lighting solutions that not only offer ideal illumination but also fit in with architectural and interior design components. These patterns show a move towards deeper and integrated methods of lighting in the United States market. Multiple major companies known for their creativity and market presence dominate the lightning fixtures industry in the United States. With a broad selection of indoor and outdoor lighting options to suit the needs of the commercial, industrial, and residential sectors, Acuity Brands leads the lighting industry. Known for its extensive range of goods that include lighting fixtures, controllers, and other electrical items, Hubbell Incorporated is another significant participant in the market. Because of its innovative LED lighting technology and smart lighting systems, Signify (previously Philips Lighting) continues to have a considerable presence. Contributing a variety of lighting solutions and utilising their vast national distribution networks, Eaton Corporation and General Electric Lighting play important roles. Through their wide range of products, innovative technology, and effective marketing techniques, these businesses work together to shape the competitive environment of the US lighting fixtures industry.

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Manmayi Raval

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Based on product types, the ceiling, pendant, and chandelier markets in the USA are divided into many segments, including wall-mounted, portable, and others. As they provide ambient lighting solutions and are widely used in both residential and commercial areas, ceiling fixtures are significant. Popular options for boosting beauty include pendant lights and chandeliers, especially in luxurious apartments and high-end business spaces. With their adaptability and compact form, wall-mounted lights are preferred for both indoor and outdoor use. As they are flexible, portable fixtures are frequently utilized in temporary or moveable surroundings, such as events or outdoor get-togethers. Due to their increased longevity, energy efficiency, and environmental advantages, LED (light emitting diode) and OLED (organic light emitting diode) technologies are widely used in lighting fixtures in the United States. Market share is dominated by LED fixtures due to customer desire for sustainable lighting alternatives and governmental incentives that promote energy-efficient solutions. Even though LED lighting is more common, fluorescent lighting is still utilized in some situations where it is more affordable and has particular lighting properties. The once-ubiquitous incandescent light fixtures are becoming less prevalent as a result of energy inefficiency and legal phase-outs. Because of their adaptability and extensive usage in a variety of scenarios, including homes, workplaces, and commercial locations, ceiling fixtures are frequently at the forefront. They offer general ambient lighting and are frequently picked because of their usefulness and attractive appearance. When compared to more conventional lighting sources like fluorescent and incandescent bulbs, LED and OLED lighting sources are more popular owing to their energy efficiency, extended lifespan, and environmental advantages. LED technology is more affordable and performs better than ever because to its fast advancement. The lighting fixtures market in the United States is divided into two segments based on usage: residential and commercial. In the commercial sector, lighting fixtures are vital for both practical and decorative purposes in settings including work environments, retail stores, hospitality venues, healthcare facilities, and educational institutions. Lighting fixtures in residential settings, such as houses and flats, have two purposes: they illuminate daily activities and improve the appearance of the interior. Technological developments, interior design trends, and energy efficiency regulations all have an impact on demand in these areas. In the USA, there are two types of distribution methods for lighting fixtures offline, or normal brick-and-mortar retailers, and internet. Offline channels are still important because they give customers the benefit of in-person product inspection and instant product availability. Department stores, home improvement stores and specialized lighting stores are some examples of them. due to their convenience, increased product range, and affordable prices, online channels—such as e-commerce platforms and manufacturer websites—have been increasing popularity. Growing levels of digitization, customer preferences for hassle-free purchasing, and the ease with which items and prices can be compared are the main factors driving the trend towards online buying. The demand for energy-efficient lighting solutions in corporate offices, shops, hospitals, and other business premises usually propels commercial applications to the top. The need for energy-efficient lighting solutions has grown as a result of the emphasis on cutting operational expenses and achieving environmental targets. Online channels have grown rapidly because they make purchasing convenient, offer a large range of items at reasonable prices, and make it simple to compare different brands and products. A wider range of customers, including both individuals and enterprises in need of lighting fixtures, may be reached through online platforms. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Lighting fixtures market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Product • Ceiling • Pendant & Chandeliers • Wall Mounted • Portable • Others By Source • LED & OLED • Fluorescent • Incandescent By Application • Commercial • Residential By Distribution Channel • Offline • Online The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Lighting fixtures industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.