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USA Industrial Lighting Market Outlook to 2030

Region:United States

Author(s):Shivani Mehra

Product Code:KROD548

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Published On

July 2024

Total pages

95

About the Report

USA Industrial Lighting Market Overview

  • The USA Industrial Lighting Market has experienced significant growth, this is reflected in the global valuation of the Biopesticides Definition Market, which reached USD 10 billion in 2023, driven by technological advancements in LED technologies and an increasing focus on energy efficiency across industries.
  • Major players in the USA industrial lighting market include General Electric, Cree Inc., Philips Lighting, Osram Licht AG, and Zumtobel Group. These companies have maintained their dominance through continuous innovation, extensive distribution networks, and brand loyalty among industrial users.
  • In December 2020, Honeywell and Signify announced a strategic alliance to integrate Signify's connected lighting systems with Honeywell's building management systems. This collaboration aimed to enhance occupant experience, productivity, and energy efficiency in commercial buildings, incorporating features like UV-C disinfection lighting and occupancy monitoring
  • Cities like Houston, Detroit, and Pittsburgh dominate the USA industrial lighting market due to their substantial manufacturing and industrial base. These cities have experienced a higher adoption rate of advanced lighting systems to enhance productivity and energy efficiency in large-scale industrial operations.

USA Industrial Lighting Market Size

USA Industrial Lighting Market Segmentation

By Product Type: The USA Industrial Lighting Market is segmented by product type into led lighting, high-intensity discharge (HID) lighting, and fluorescent lighting. In 2023, LED Lighting dominated the industrial Lighting market as the preferred choice in industrial settings. This preference is attributed to its numerous advantages, including a longer lifespan, significantly lower energy consumption, and enhanced durability compared to traditional lighting systems.

USA Industrial Lighting Market Segmentation by Product Type

By Application: The segmentation of the USA Industrial Lighting Market by application includes manufacturing sites, warehousing, and outdoor industrial facilities. In 2023, manufacturing dominated this segment due to the necessity for improved visibility and minimized downtime in these environments, which supports operational efficiency and safety standards.

USA Industrial Lighting Market Segmentation by Application

By Region: The USA Industrial Lighting Market is divided by region into North, West, South, and East. In 2023, the North region led the industrial lighting systems market, driven by industrial hubs like Detroit with its strong automotive manufacturing sector. High-quality industrial lighting is crucial for operational efficiency and safety in these key manufacturing environments.

USA Industrial Lighting Market Competitive Landscape

Competitive Landscape Table

 

  • General Electric's Spin-Offs Completed: General Electric successfully completed the spin-off of its energy business, GE Vernova, in April 2024. This marks the final step in GE's transition into three independent public companies, focusing on aerospace, healthcare, and energy. GE Aerospace will now operate as a standalone entity, concentrating on aviation technologies and services
  • Cree Inc. Officially Changes Company Name to Wolfspeed, Inc.: In October 2021, Cree Inc. officially rebranded itself as Wolfspeed, Inc., marking a significant transformation into a global leader in Silicon Carbide technology. This change reflects a strategic shift after divesting two-thirds of its business, focusing solely on semiconductor production.

USA Industrial Lighting Analysis

USA Industrial Lighting Growth Drivers

 

  • Integration with Industrial Automation: The integration of smart lighting systems with industrial automation technologies has seen an increase in adoption rate in 2024. This surge is supported by industries looking to enhance operational efficiencies and reduce downtime, with major players investing in IoT-enabled lighting systems that can be controlled and monitored remotely.
  • Shift towards Green Manufacturing: With the U.S. recommitting to the Paris Agreement in 2024, there has been a significant push towards sustainable manufacturing practices. Industries are now adopting eco-friendly industrial lighting solutions that promise reduction in carbon emissions, aligning with the national goals of reducing industrial carbon footprints
  • Industrial Lighting Upgrade Grants: In 2024, the Department of Energy (DOE) unveiled its Building Energy Efficiency Frontiers & Innovation Technologies (BENEFIT) program. The DOE is committing up to $30 million to research and develop technologies focused on advancing building decarbonization, including improvements in commercial lighting retrofits. This funding is part of a larger initiative to boost energy efficiency in buildings and promote sustainable practices across various industries.

USA Industrial Lighting Challenges:

  • High Initial Installation Costs: While the long-term benefits of energy-efficient lighting are clear, the initial setup cost remains a barrier. In 2024, the average installation cost for advanced industrial lighting systems was around $10,000 per facility, a significant investment for small and medium-sized enterprises.
  • Technological Complexity: The integration of advanced technologies such as IoT in lighting systems has increased the complexity of installation and maintenance. In 2024, 30% of industrial facilities reported difficulties in adapting to new lighting technologies, citing a lack of skilled technicians as a major hurdle.

USA Industrial Lighting Government Initiatives:

  • Renew America’s Schools Grant Program: Launched by the Biden-Harris Administration in June 2023, this program provides $178 million to 24 Local Education Agencies (LEAs) across 22 states. The funding supports projects aimed at reducing energy costs and emissions, including the installation of LED lighting in K-12 schools.
  • Federal Energy Management Program (FEMP): The FEMP provides federal agencies with guidance and resources to implement energy-efficient practices, including the use of advanced lighting systems. In 2024, FEMP's initiatives are expected to further influence the industrial sector, encouraging the adoption of energy-efficient lighting solutions that comply with federal regulations, thereby driving market growth.

USA Industrial Lighting Market Outlook

The USA Industrial Lighting Market is projected to grow substantially, with a significant push towards LED integration and IoT connectivity. The focus will likely be on sustainability and reducing carbon footprints, leading to the adoption of next-generation industrial lighting solutions across various sectors.

Future Trends:

    • Increased Adoption of Smart Lighting Systems: The future of the USA Industrial Lighting Market is set to be transformed by the widespread adoption of smart lighting systems. These systems offer advanced features like remote control, energy consumption monitoring, and integration with other industrial automation systems, which significantly improve efficiency and reduce operational costs.
    • Expansion of Lighting as a Service (LaaS): Lighting as a Service (LaaS) will continue to expand, offering industries a cost-effective way to upgrade their lighting systems without the upfront capital expenditure. This model not only includes installation and maintenance but also ensures continuous upgrades to the latest technologies, fostering long-term partnerships between lighting providers and industrial clients

Scope of the Report

By Product Type

LED Lighting

High-Intensity Discharge (HID) Lighting

Fluorescent Lighting

By Application

Manufacturing Sites

Warehousing

Outdoor Industrial Facilities

By Region

North

South

East

West

Products

Key Target Audience – Organizations and Entities who can benefit by Subscribing This Report: 

  • Component and equipment suppliers

  • Original equipment manufacturers (OEMs)

  • Installers and maintenance service providers

  • Component integrators

  • Technology providers

  • Investments and Venture Capitalist Firms

  • Government and Regulatory Bodies (e.g., U.S. Department of Energy)

  • Value Chain & Distribution Channel Analysis

Time Period Captured in the Report: 

  • Historical Period: 2018-2023
  • Base Year: 2023
  • Forecast Period: 2023-2028

Companies

Players Mentioned in the Report:

  • General Electric
  • Cree Inc.
  • Philips Lighting
  • Osram Licht AG
  • Zumtobel Group
  • Hubbell Incorporated
  • Eaton Corporation
  • Acuity Brands Lighting
  • LSI Industries
  • Dialight plc
  • Signify Holding
  • Legrand
  • Schneider Electric
  • Cooper Industries (part of Eaton)
  • Fagerhult Group

Table of Contents

1. USA Industrial Lighting Market Overview

1.1 USA Industrial Lighting Market Taxonomy

2. USA Industrial Lighting Market Size (in USD Mn), 2018-2023

3. USA Industrial Lighting Market Analysis

3.1 USA Industrial Lighting Market Growth Drivers

3.2 USA Industrial Lighting Market Challenges and Issues

3.3 USA Industrial Lighting Market Trends and Development

3.4 USA Industrial Lighting Market Government Regulation

3.5 USA Industrial Lighting Market SWOT Analysis

3.6 USA Industrial Lighting Market Stake Ecosystem

3.7 USA Industrial Lighting Market Competition Ecosystem

4. USA Industrial Lighting Market Segmentation, 2023

4.1 USA Industrial Lighting Market Segmentation by Product Type (in value %), 2023

4.2 USA Industrial Lighting Market Segmentation by Application (in value %), 2023

4.3 USA Industrial Lighting Market Segmentation by Region (in value %), 2023

5. USA Industrial Lighting Market Competition Benchmarking

5.1 USA Industrial Lighting Market Cross-Comparison (no. of employees, company overview, business strategy, USP, recent development, operational parameters, financial parameters and advanced analytics)

6. USA Industrial Lighting Market Outlook Size (in USD Mn), 2023-2028

7. USA Industrial Lighting Market Outlook Segmentation, 2028

7.1 USA Industrial Lighting Market Segmentation by Product Type (in value %), 2028

7.2 USA Industrial Lighting Market Segmentation by Application (in value %), 2028

7.3 USA Industrial Lighting Market Segmentation by Region (in value %), 2028

8. USA Industrial Lighting Market Analysts’ Recommendations

8.1 USA Industrial Lighting Market TAM/SAM/SOM Analysis

8.2 USA Industrial Lighting Market Customer Cohort Analysis

8.3 USA Industrial Lighting Market Marketing Initiatives

8.4 USA Industrial Lighting Market White Space Opportunity Analysis

Disclaimer

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Research Methodology

Step 1: Identifying Key Variables

Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.

Step 2: Market Building

Collating statistics on USA Industrial Lighting Market over the years, penetration of marketplaces and service providers ratio to compute revenue generated for USA Industrial Lighting Market. We will also review service quality statistics to understand revenue generated which can ensure accuracy behind the data points shared.

Step 3: Validating and Finalizing

Building market hypothesis and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.

Step 4: Research Output

Our team will approach multiple Industrial Lighting companies and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from Industrial Lighting companies

Frequently Asked Questions

01. How big is the USA Industrial Lighting Market?

The USA Industrial Lighting Market has experienced significant growth, this is reflected in the global valuation of the Industrial Lighting Market, which reached USD 10 billion in 2023. This growth has been driven by advancements in LED technology, the increasing adoption of smart lighting solutions, and stringent energy efficiency regulations across industrial sectors.

02. What are the challenges in the USA Industrial Lighting Market?

Challenges facing the USA Industrial Lighting Market include high initial installation costs, the complexity of integrating advanced technologies, and ongoing global supply chain disruptions which impact the availability and cost of raw materials.

03. Who are the major players in the USA Industrial Lighting Market?

Key players in the USA Industrial Lighting Market include General Electric, Cree Inc., Philips Lighting, Osram Licht AG, and Zumtobel Group. These companies lead the market with their innovative product offerings, strong brand reputations, and extensive distribution networks.

04. What are the growth drivers of the USA Industrial Lighting Market?

The USA Industrial Lighting Market is driven by the need for energy efficiency, integration with industrial automation systems, and the shift towards sustainable manufacturing practices. Additionally, government initiatives promoting energy-efficient technologies have significantly contributed to market growth.

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