The North America LED Light Engine Market would witness market growth of 13.4% CAGR during the forecast period (2021-2027).
The light engine that is often considered as LED in traditional lighting, has evolved in a whole new way due to the shifting demand of consumers as urbanization is on the peak. The massive popularity of the LED among commercial and residential places is among the major factors fueling the demand in the light engine market. In the last few years, the constant focus on implementing LED light engines and modules has been majorly increased owing to the growing environmental & energy regulations. The rising awareness among consumers regarding the importance of saving energy and costs in the utilization of electricity would augment the growth of the LED light engine market. The trend among manufacturers to develop more flexible products is contributing to the growth of the market.
The increased awareness among the population regarding the usage of energy-efficient lighting products would create lucrative opportunities for the key market players in this region. In addition, the growing usage of the LED light engine in various areas like residential, commercial, and industrial places would spur the demand for the product in this region. The presence of various key players along with the big corporate houses is creating the demand for LED light engines across this region.
Moreover, the strong infrastructure of the nations present in the regions is opening new growth avenues for the LED light engine manufacturers in this region. Additionally, people in this region are spending more on environment friendly products, which is estimated to contribute to the high demand for LED light engines in the region during the forecast period.
The US market dominated the North America LED Light Engine Lamp Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,647.7 million by 2027. The Canada market is experiencing a CAGR of 16.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 15.5% during (2021 - 2027).
Based on Product Type, the market is segmented into Luminaire and Lamp. Based on Installation Type, the market is segmented into New Installation and Retrofit Installation. Based on Application, the market is segmented into Indoor and Outdoor. Based on End User, the market is segmented into Commercial, Industrial and Residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global LED Light Engine Market is Estimated to Reach USD 66.6 Billion by 2027 at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., OSRAM GmbH (AMS AG), LEDRAbrands, Inc., Hubbell Incorporated, Zumtobel Group AG, Samsung Electronics Co., Ltd. (Samsung Group), Acuity Brands Lighting, Inc., Lumitech LLC, Lutron Electronics Co., Inc., and Glamox AS
Scope of the Study
Market Segments Covered in the Report:
By Product Type
By Installation Type
- New Installation
- Retrofit Installation
By Application
By End User
- Commercial
- Industrial
- Residential
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Signify N.V.
- OSRAM GmbH (AMS AG)
- LEDRAbrands, Inc.
- Hubbell Incorporated
- Zumtobel Group AG
- Samsung Electronics Co., Ltd. (Samsung Group)
- Acuity Brands Lighting, Inc.
- Lumitech LLC
- Lutron Electronics Co., Inc.
- Glamox AS
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America LED Light Engine Market, by Product Type
1.4.2 North America LED Light Engine Market, by Installation Type
1.4.3 North America LED Light Engine Market, by Application
1.4.4 North America LED Light Engine Market, by End User
1.4.5 North America LED Light Engine Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2017, Feb – 2021, May) Leading Players
Chapter 4. North America LED Light Engine Market by Product Type
4.1 North America LED Light Engine Luminaire Market by Country
4.2 North America LED Light Engine Lamp Market by Country
Chapter 5. North America LED Light Engine Market by Installation Type
5.1 North America New Installation LED Light Engine Market by Country
5.2 North America Retrofit Installation LED Light Engine Market by Country
Chapter 6. North America LED Light Engine Market by Application
6.1 North America Indoor LED Light Engine Market by Country
6.2 North America Outdoor LED Light Engine Market by Country
Chapter 7. North America LED Light Engine Market by End User
7.1 North America Commercial LED Light Engine Market by Country
7.2 North America Industrial LED Light Engine Market by Country
7.3 North America Residential LED Light Engine Market by Country
Chapter 8. North America LED Light Engine Market by Country
8.1 US LED Light Engine Market
8.1.1 US LED Light Engine Market by Product Type
8.1.2 US LED Light Engine Market by Installation Type
8.1.3 US LED Light Engine Market by Application
8.1.4 US LED Light Engine Market by End User
8.2 Canada LED Light Engine Market
8.2.1 Canada LED Light Engine Market by Product Type
8.2.2 Canada LED Light Engine Market by Installation Type
8.2.3 Canada LED Light Engine Market by Application
8.2.4 Canada LED Light Engine Market by End User
8.3 Mexico LED Light Engine Market
8.3.1 Mexico LED Light Engine Market by Product Type
8.3.2 Mexico LED Light Engine Market by Installation Type
8.3.3 Mexico LED Light Engine Market by Application
8.3.4 Mexico LED Light Engine Market by End User
8.4 Rest of North America LED Light Engine Market
8.4.1 Rest of North America LED Light Engine Market by Product Type
8.4.2 Rest of North America LED Light Engine Market by Installation Type
8.4.3 Rest of North America LED Light Engine Market by Application
8.4.4 Rest of North America LED Light Engine Market by End User
Chapter 9. Company Profiles
9.1 Signify N.V.
9.1.1 Company Overview
9.1.1 Financial Analysis
9.1.2 Segmental and Regional Analysis
9.1.3 Research & Development Expense
9.1.4 Recent Strategies and Developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Acquisitions and Mergers:
9.1.4.3 Product launches and Product Expansions:
9.2 OSRAM GmbH (AMS AG)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent Strategies and Developments:
9.2.5.1 Product launches and Product Expansions:
9.2.5.2 Acquisitions and Mergers:
9.3 Hubbell Incorporated
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent Strategies and Developments:
9.3.5.1 Product launches and Product Expansions:
9.4 Zumtobel Group AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent Strategies and Developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Geographical Expansions:
9.5 Acuity Brands Lighting, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent Strategies and Developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisitions and Mergers:
9.6 Samsung Electronics Co., Ltd. (Samsung Group)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent Strategies and Developments:
9.6.5.1 Product launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Lumitech LLC
9.7.1 Company Overview
9.8 Lutron Electronics Co., Inc.
9.8.1 Company Overview
9.8.2 Recent Strategies and Developments:
9.8.2.1 Product launches and Product Expansions:
9.9 LEDRAbrands, Inc.
9.9.1 Company Overview
9.10. Glamox AS (GLX Holding AS)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional & Segmental Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent Strategies and Developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America LED Light Engine Market, 2017 - 2020, USD Million
TABLE 2 North America LED Light Engine Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Led Light Engine Market
TABLE 4 Product Launches And Product Expansions– Led Light Engine Market
TABLE 5 Acquisition and Mergers– Led Light Engine Market
TABLE 6 Geographical Expansions: LED Light Engine Market
TABLE 7 North America LED Light Engine Market by Product Type, 2017 - 2020, USD Million
TABLE 8 North America LED Light Engine Market by Product Type, 2021 - 2027, USD Million
TABLE 9 North America LED Light Engine Luminaire Market by Country, 2017 - 2020, USD Million
TABLE 10 North America LED Light Engine Luminaire Market by Country, 2021 - 2027, USD Million
TABLE 11 North America LED Light Engine Lamp Market by Country, 2017 - 2020, USD Million
TABLE 12 North America LED Light Engine Lamp Market by Country, 2021 - 2027, USD Million
TABLE 13 North America LED Light Engine Market by Installation Type, 2017 - 2020, USD Million
TABLE 14 North America LED Light Engine Market by Installation Type, 2021 - 2027, USD Million
TABLE 15 North America New Installation LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 16 North America New Installation LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Retrofit Installation LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Retrofit Installation LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 19 North America LED Light Engine Market by Application, 2017 - 2020, USD Million
TABLE 20 North America LED Light Engine Market by Application, 2021 - 2027, USD Million
TABLE 21 North America Indoor LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Indoor LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Outdoor LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Outdoor LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 25 North America LED Light Engine Market by End User, 2017 - 2020, USD Million
TABLE 26 North America LED Light Engine Market by End User, 2021 - 2027, USD Million
TABLE 27 North America Commercial LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Commercial LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Industrial LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Industrial LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Residential LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Residential LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 33 North America LED Light Engine Market by Country, 2017 - 2020, USD Million
TABLE 34 North America LED Light Engine Market by Country, 2021 - 2027, USD Million
TABLE 35 US LED Light Engine Market, 2017 - 2020, USD Million
TABLE 36 US LED Light Engine Market, 2021 - 2027, USD Million
TABLE 37 US LED Light Engine Market by Product Type, 2017 - 2020, USD Million
TABLE 38 US LED Light Engine Market by Product Type, 2021 - 2027, USD Million
TABLE 39 US LED Light Engine Market by Installation Type, 2017 - 2020, USD Million
TABLE 40 US LED Light Engine Market by Installation Type, 2021 - 2027, USD Million
TABLE 41 US LED Light Engine Market by Application, 2017 - 2020, USD Million
TABLE 42 US LED Light Engine Market by Application, 2021 - 2027, USD Million
TABLE 43 US LED Light Engine Market by End User, 2017 - 2020, USD Million
TABLE 44 US LED Light Engine Market by End User, 2021 - 2027, USD Million
TABLE 45 Canada LED Light Engine Market, 2017 - 2020, USD Million
TABLE 46 Canada LED Light Engine Market, 2021 - 2027, USD Million
TABLE 47 Canada LED Light Engine Market by Product Type, 2017 - 2020, USD Million
TABLE 48 Canada LED Light Engine Market by Product Type, 2021 - 2027, USD Million
TABLE 49 Canada LED Light Engine Market by Installation Type, 2017 - 2020, USD Million
TABLE 50 Canada LED Light Engine Market by Installation Type, 2021 - 2027, USD Million
TABLE 51 Canada LED Light Engine Market by Application, 2017 - 2020, USD Million
TABLE 52 Canada LED Light Engine Market by Application, 2021 - 2027, USD Million
TABLE 53 Canada LED Light Engine Market by End User, 2017 - 2020, USD Million
TABLE 54 Canada LED Light Engine Market by End User, 2021 - 2027, USD Million
TABLE 55 Mexico LED Light Engine Market, 2017 - 2020, USD Million
TABLE 56 Mexico LED Light Engine Market, 2021 - 2027, USD Million
TABLE 57 Mexico LED Light Engine Market by Product Type, 2017 - 2020, USD Million
TABLE 58 Mexico LED Light Engine Market by Product Type, 2021 - 2027, USD Million
TABLE 59 Mexico LED Light Engine Market by Installation Type, 2017 - 2020, USD Million
TABLE 60 Mexico LED Light Engine Market by Installation Type, 2021 - 2027, USD Million
TABLE 61 Mexico LED Light Engine Market by Application, 2017 - 2020, USD Million
TABLE 62 Mexico LED Light Engine Market by Application, 2021 - 2027, USD Million
TABLE 63 Mexico LED Light Engine Market by End User, 2017 - 2020, USD Million
TABLE 64 Mexico LED Light Engine Market by End User, 2021 - 2027, USD Million
TABLE 65 Rest of North America LED Light Engine Market, 2017 - 2020, USD Million
TABLE 66 Rest of North America LED Light Engine Market, 2021 - 2027, USD Million
TABLE 67 Rest of North America LED Light Engine Market by Product Type, 2017 - 2020, USD Million
TABLE 68 Rest of North America LED Light Engine Market by Product Type, 2021 - 2027, USD Million
TABLE 69 Rest of North America LED Light Engine Market by Installation Type, 2017 - 2020, USD Million
TABLE 70 Rest of North America LED Light Engine Market by Installation Type, 2021 - 2027, USD Million
TABLE 71 Rest of North America LED Light Engine Market by Application, 2017 - 2020, USD Million
TABLE 72 Rest of North America LED Light Engine Market by Application, 2021 - 2027, USD Million
TABLE 73 Rest of North America LED Light Engine Market by End User, 2017 - 2020, USD Million
TABLE 74 Rest of North America LED Light Engine Market by End User, 2021 - 2027, USD Million
TABLE 75 Key Information – Signify N.V.
TABLE 76 Key Information – OSRAM GmbH
TABLE 77 Key Information – Hubbell Incorporated
TABLE 78 key information – Zumtobel Group AG
TABLE 79 Key Information – Acuity Brands Lighting, Inc.
TABLE 80 Key Information –Samsung Electronics Co., Ltd.
TABLE 81 Key information –Lumitech LLC
TABLE 82 Key information- Lutron Electronics Co., Inc.
TABLE 83 Key information - LEDRAbrands, Inc.
TABLE 84 Key information –Glamox AS
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Feb – 2021, May) Leading Players
FIG 5 Recent strategies and developments: Signify N.V.
FIG 6 Recent strategies and developments: OSRAM GmbH
FIG 7 Recent strategies and developments: Zumtobel Group AG
FIG 8 Recent strategies and developments: Acuity Brands Lighting, Inc.
FIG 9 SWOT Analysis: Samsung Electronics CO. Ltd.