The North America Industrial and Commercial LED Lighting Market would witness market growth of 16.9% CAGR during the forecast period (2022-2028).
Those LED Lighting networks are being used by governments and public institutions to address the maintenance problems brought on by the use of incandescent bulbs. Owing to the nearby reactive gases, such bulbs as well as high-pressure sodium are quickly compounded. In addition, in comparison to conventional lighting, LED provides operational solutions for corrosion and vapour resistance, as well as high luminance and high performance. LEDs don't have any mechanical components either. As a result, they are stronger and more capable of withstanding corrosion and shock.
Their resistance to spark ignition is a further benefit. LEDs are very helpful for mining sector applications with these characteristics because they are frequently exposed to intense vibrations, chemicals, debris, and explosive solutions. Another notable feature of LEDs is their ability to prevent light pollution by decreasing energy waste and directing each diode's light through lensing to focus it precisely where it is needed.
North America is home to significant elements that are crucial for commercial zone lighting. Increased lumen coverage, higher durability, and the appropriate power supply are necessary. LED can meet those important criteria. As a result, it is favored over other current technologies. It is relatively less expensive to operate and operate and offers greater fuel savings, a bigger area of light coverage, and more than 100,000 lumens.
The US market dominated the North America Industrial and Commercial LED Lighting Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $19,353.4 million by 2028.The Canada market is poised to grow at a CAGR of 19.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18.5% during (2022 - 2028).
Based on Product Type, the market is segmented into LED Lamps and LED Fixtures. Based on Application, the market is segmented into Indoor Lighting and Outdoor Lighting. Based on End User, the market is segmented into Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial and Commercial LED Lighting Market is Estimated to reach $91.5 Billion by 2028, at a CAGR of 17.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dialight PLC, Eaton Corporation, General Electric (GE) Co., Signify N.V., AMS AG (OSRAM Licth AG), Syska LED Lights Private Limited, Toshiba Corporation, Zumtobel Group AG, Deco Lighting, Inc., and Wolfspeed, Inc.
By Product Type
By Application
By End User
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 