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Led Lighting in the United States 2021

Led Lighting

Light-emitting diodes (LEDs) are gradually taking over the global lighting market. While in 2019, almost half of all light sources in the world were LEDs, it is projected that by 2030, some 87 percent of all light sources will be LEDs. This growing adoption rate is reflected in the size of the global LED market. Sized at about 70 billion U.S. dollars in 2019, the global LED market is expected to grow to almost 100 billion U.S. dollars in 2030.

The main growth drivers for LEDs are efforts to achieve a more sustainable future and falling prices of the LED components. Governments across the globe have started implementing plans to promote environmental-friendly and energy-efficient solutions in many sectors. In the lighting sector, this means phasing out incandescent light bulbs and promoting the purchase of more energy-saving alternatives, such as LEDs.

Advantages of LEDs

LEDs are one of the most energy-efficient lighting solutions in the world. High-quality LED lamps use at least 75 percent less energy than incandescent lamps and last 25 times longer. Although a new LED lamp costs more than an incandescent lamp, due to LEDs’ energy-efficiency, switching from conventional lightbulbs to LEDs saves money in the long run.

Falling prices of LEDs contributing to growing adoption in the United States

Since 2010, the price of LEDs has fallen dramatically, allowing a wider adoption of this lighting source. Although less steeply, the price of LED lamps is projected to continue falling well over the next three decades. While one kilolumen cost some 0.7 U.S. dollars in 2017, it is expected to drop to around 0.3 U.S. dollars in 2050. The price forecasts for warm light LED lamps and cold white light LED lamps are even more optimistic, projecting a drop to 0.3 U.S. dollars per kilolumen in 2035.

It is no surprise that in the United States, LEDs already had a considerable penetration rate in the lighting market in 2017, especially in the outdoor sector. Following the global trend, the LED penetration rate is projected to increase over the next decade. In 2030, some 76 percent of all lighting sources installed in the country will be LEDs.

Table of Contents
Overview
Trade 
LED price trends
Companies  

1. Overview

Size of the solid state lighting market worldwide 2018-2024, by source type

Description: The global solid state lighting market is forecast to grow from the total value of 20.4 billion U.S. dollars in 2018 to 32.3 billion U.S. dollars in 2024. Visible LEDs made up the biggest share of this market in 2018 at 16.6 billion U.S. dollars. 

LED lighting: global market size 2020-2026

Description: The global marker for LED lighting was sized at about 76 billion U.S. dollars in 2020. It is projected that the market will grow at a compound annual growth rate (CAGR) of over 13 percent in the coming years. In 2026, the market is expected to reach the size of some 160 billion U.S. dollars. 

LED penetration rate of the worldwide lighting market based on sales 2012-2030

Description: Since they use only a fifth of the electricity required by a comparable incandescent bulb, light-emitting diodes (LEDs) are currently among the most energy-efficient light sources in the world. As more and more countries are getting close to phasing out conventional bulbs, LEDs are continuing their march to the top of the market. The penetration rate of LEDs into the global lighting market was rising between 2012 and 2019 and is expected to reach a penetration of some 76 percent in 2025. 

Number of connected streetlights worldwide 2019, by main city

Description: The most connected streetlights – some 500,000 could be found on the streets of Miami in 2019. Paris ranked second with around 280,000 streetlights, closely followed by Madrid with some 225,000 streetlights. 

Residential LEDs market size in North America 2019-2024

Description: The market size of residential light-emitting diodes (LEDs) in North America is forecast to increase between 2019 and 2024. The market should grow from some 40 million U.S. dollars in 2019 to around 48 million U.S. dollars in 2024.

U.S. LED lights' installations by sector 2017-2035

Description: The number of LED light installations in the United States is forecast to grow between 2017 and 2035, increasing from some 1.4 billion units installed in 2017 to around 7.9 billion units in 2035. Although the residential sector is expected to see the most LED light installations in 2025, it is the outdoor sector that should have the highest penetration rate of LED lights.

U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035U.S. LED light market share by sector 2017-2035

Description: LED lights are forecast to be gaining popularity between 2020 and 2035 in the United States, notably in outdoor applications. By 2025, LED lights should be installed in 93 percent of outdoor lighting and become the most common light source in all sectors.

LED lighting: U.S. adoption rate by application 2018

Description: As of 2018, LEDs have been used in nearly 30 percent of all indoor lighting and over 50 percent of all outdoor lighting in the United States. The majority of lighting in parking garages and parking lots were using LED technology in 2018.

Smart Home revenue forecast in the segment Comfort and lighting in the United States until 2025

Description: This statistic presents a forecast of the revenue in the Smart Home segment Comfort and lighting in the United States until the year 2025. According to the Digital Market Outlook, the revenue of the Smart Home segment Comfort and lighting in the United States is expected to be 4.350,4 million U.S. dollars in 2025. An overview of all Digital Markets can be found here.

2. Trade

Value of LED lamps imported to the U.S. 2017-2020

Description: The value of light-emitting diode (LED) lamps imported to the United States was growing between 2017 and 2019, peaking at some 2.2 billion U.S. dollars in 2019. In 2020, the value reached a similar level compared with 2019.

Men are in for a wild ride this season as traditional attires combine with modern appearances in styles like the single-breasted suit and double-breasted western shirt.   Everything from formal to creatively casual attires are discussed in this article as these trends are essentially second to none when it comes to men’s attires.  Here’s how to make sales this season but first, this is the size of the men’s business clothing market.  Table of Contents The market value of men’s business clothing Five men’s prep-zzatura trends to grab in A/W 22/23 Rounding up  The market value of men’s business clothing The size of the world’s menswear market, estimated at $483.0 billion in 2018, is expected to increase at a CAGR of 6.3% over the forecast period (2019-2025). The market’s expansion can be linked to millennial men’s rising fashion consciousness. Because it can command higher costs, the designers have increased their attention to the male component of society.  Due to its higher buying power parity than other regions, North America had the greatest market share in 2018. In addition, the U.S. market is home to a huge number of brands. As a result, the global market has strong roots in the area and has a significant impact on the entire world.  Five men’s prep-zzatura trends to grab in A/W 22/23 Western shirt Man rocking a white western aviator shirt The western shirt is a timeless type of shirt that suits men across the age spectrum. It works because of how it incorporates both old traditional and super modern looks and blends them into one final piece.  It has roots in American history and is most often constructed from denim fabrics. For this shirt, some traditional details in distressed texture include occasional pearl snaps, some western yoke additions, and the front flap pockets, which have virtually been patented by western shirts.  These come in solid colors like the deep blue of regular denim as much as in bright hues like white, cream, butter, bright or pewter blue, and yellow.  These shirts also come with western yokes and feature printed fabrics above the yoke and pure denim below it. The flap pockets on the torso could be made from denim as well or from entirely different fabrics such as cotton and other cotton blends.  Young man posing in a dark blue western shirt The blue western shirt with white statement pockets goes well with an earth brown corduroy matching blazer and trousers. For something more casual, the corduroy trousers could be replaced by cotton pants or blue denim jeans.  Also, in that same token, a lighter blue double-breasted western shirt with cream chinos trousers makes for a great semi-casual look fit for outings with friends and family.  DB blazer Man wearing a blue DB blazer over a blue shirt The double-breasted blazer is something of inherently formal wear amongst men because of the fabrics and styling. Double-breasted apparel could be a jacket, blazer, waistcoat, or even a dress with overlapping and large front flaps, having two front symmetrical button columns.  Usually, most designers make the DB suits with breathable fabrics and lighter fabrics like cotton and linen, whilst other weightier suits are made with thicker wool blends, perfect for the autumn/winter months. There are a wide variety of blazer fabrics, some of which are both plain and patterned.  They also come in great solid colors and hues such as red, blue, glossy green, black, space gray, and white. Though inherently formal, these pieces could also excel in casual settings and occasions.  Although being a tailored outfit, the idea is to create the illusion of effortlessness, which can be achieved through a more relaxed and modern iteration of the garment that allows the blazer to drape around the body frame.  Man rocking a white and blue stripes DB blazer These blazers appear more interesting with certain accessories such as surgical cuffs and contrast buttons, which are visible because they color block the rest of the blazer. Colors like oxide orange and earth tone brown, which are warmer than others, work better with the double-breasted blazer, especially with heavier fabrics such as corduroy.  Men can style these by acquiring them in a matching set with trousers and adding an undershirt or collared button-down shirt to accentuate the already glaring formal look.   For something a bit more casual, men can let the blazers drape across their shoulders and pair them with shirts that come with floral designs. Blue denim trousers work best with this attire styling.  Side-stripe trackpant Man wearing a blue side-stripe track pant The nicest thing about side-striped trackpants is that they can be worn in a variety of ways because they are inspired by the pitch and the parade ground. It’s about bridging the gap between sport and tailoring. So men can always choose an opposite top layer while styling. And it entails combining smart versions with a sweater or athletic strides with a hefty roll neck.  To be as versatile as possible, the shape, fit, and fabric must be perfect. Although some tapers have a tailoring-inspired nod, men should have enough movement to make them feel sporty. To avoid straying into evening wear, they can choose cozier, heavier materials like wool that have the proper drape but no shine.  Also, it would behoove men to stay away from superfluous details like patterns or pleats. Making sure that the stripe is the most prominent feature is a simple go-to considering pairings like black and white or navy with a red stripe.  Synthetic polyester pants also grant a perfect balance between the retro design looks and more modern silhouettes. Print design is completely optional but the key factor is the stripe. Alternative materials are better for the strip than prints in most cases.  The incorporation of woven materials from belts and blankets alike helps to give the outfit an entirely new, different look and feel.  Man rocking beige and white side-stripe pants Straight-leg pants are fine but wide-leg pants cut to the chase very quickly. Bootcut is another alternative as well as flare trousers.  Flared casual trousers Man rocking blazer, button-down shirt, and flare pants The return of flared pants isn’t just inevitable—it’s already happening. Although they are still far from becoming common, these pants are gradually growing in popularity. The more fashionable celebs are seen sporting them on the catwalks.  Wearing pants that are cropped or turned up is another solution to the issue of extra material. When men do this, the fabric will hang just above the shoe. This style appeals to men more since it truly highlights the flared curve of the pants.   Additionally, it enables anyone to pair them with lighter clothes. Virtually, men get extra points if they can sew a perfectly straight seam into the denim.  Many contemporary interpretations of the look combine flares with an extremely wide leg. To ensure that they maintain their shape when they fall over the hips and legs in this situation, men can pick a pair of pants with a higher rise or grab a pair of wide pants since they are two of the pants trends to watch this year.  Man wearing a black blazer over a flared pant Men obviously don’t mind being noticed if one of the main considerations is thinking of trying flared jeans. There’s no need to be chained or confined to creating a flared cut and having that be the focal point of the attire. Instead, men can choose a pair of flared jeans with embroidery, patterning, or patches. Alternatively, they could try a pair of flared pants in a color other than blue or gray.  SB suit Man rocking a black single-breasted suit A single-breasted suit is made up of a pair of dress pants and a jacket, coat, or accessory with only one column of buttons; there is typically no fabric overlap.  These often have a front closure in the jacket’s center that is fastened by one or more buttons. In general, the shorter the lapels and the more buttons the suit has, the more attractive it will look.  Generally speaking, the single-breasted suit and double-breasted suit are both classic fashion staples that can rocked by consumers to key occasions and events. Even though most people believe the single-breasted suit is more formal when compared to the double-breasted suit, a lot of male consumers tend to wear the SB suits during the cooler months.  The single-breasted suit makes it simple to dress smartly casually. The split, when the blazer is worn with chinos or dark denim, is the simplest method to reduce the formality of the jacket.  Generally speaking, a jacket’s casualness increases with how unstructured it is. Men can keep the shirt and tie for a smarter appearance, or add a knit or crew neck T-shirt for a more casual appearance. A wonderful alternative to black or brown is oxblood.  Business executive wearing an SB blazer suit Rounding up These dresses bring a new definition to men’s formal and informal clothes. Double and single-breasted clothes alike, nothing here falls in last place as every trend is as important as the other.   Men can retain a casual and sporty look simultaneously with the striped pants and muster a casual look with the defying double-breasted blazer with denim trousers.   Businesses can’t afford to miss out on any of these trends as they are bound to sell out in no time and make lots of profits while at it.

Description: Exports of light-emitting diode (LED) lamps from the United States reached their peak in 2017 when the country exported LED lamps worth some 123 million U.S. dollars. In the following years, the value was decreasing, dropping to around 92 million U.S. dollars in 2019. In 2020, the export value bounced back and surpassed 110 million U.S. dollars.

Value of parts for diodes imported to the U.S. 2017-2020

Description: The value of parts for diodes imported to the United States was growing between 2017 and 2020. While the country imported diode parts worth some 194 million U.S. dollars in 2017, their import value reached almost 320 million U.S. dollars in 2020.

Value of parts for diodes exported from the U.S. 2017-2020

Description: The value of parts for diodes exported from the United States was decreasing between 2017 and 2019, dropping to some 283 million U.S. dollars in 2019. On the other hand, the value of parts for diodes imported to the United States was growing over the same period. 

Cost breakdown for U.S. LED packages 2018

Description: In both high-power and mid-power LED packages in the United States in 2018, the cost of dies accounted for over half of the total costs. While packaging made up some 37 percent of total costs in mid-power LED packages, it accounted only for around 11 percent of total costs in high-power LED packages. 

Price forecast for LED lamps in the U.S. 2017-2050

Description: LEDs cost around 0.7 U.S. dollars per kilolumen in 2017 and are forecast to keep getting cheaper in the coming decades. In 2020, their price should drop to some 0.4 U.S. dollars per kilolumen and in 2050 it should drop further to around 0.3 U.S. dollars per kilolumen.

Price forecast of cool white LED in the United States 2019-2035

Description: The price of cool white LEDs in the United States is projected to decline between 2019 and 2035. In 2025, these LED lamps are forecast to cost approximately 0.45 U.S. dollars per kilolumen and by 2035, their price should drop to some 0.3 U.S. dollars per kilolumen. 

Price forecast for warm white LED price in the United States 2019-2035

Description: The price of warm white LEDs in the United States is forecast to decline between 2019 and 2035. In 2025, warm white LED lamps are projected to cost approximately 0.45 U.S. dollars per kilolumen and by 2035, their price should drop to some 0.3 U.S. dollars per kilolumen.  

4. Companies

Main LED companies by sales revenue 2019

Description: Signify generated over 2.1 billion U.S. dollars in revenue from LED sales in the fiscal year of 2019. Since its spin-off from Philips, Signify has become one of the leading manufacturers of light emitting diodes (LEDs) in 2019.

Total sales of Signify (Philips Lighting) 2015-2020

Description: Signify, before May 2018 officially known as Philips Lighting, was Philips’ light division. Philips, now active in medical equipment, and Philips Lighting split up in 2016 and are now separate companies, each with their own IPO. Signify, however, is allowed to use the brand name “Philips” for their products up until 2030.

Net income of Signify (Philips Lighting) 2015-2020

Description: Signify, before May 2018 officially known as Philips Lighting, was Philips’ light division. Philips, now active in medical equipment, and Philips Lighting split up in 2016 and are now separate companies, each with their own IPO. Signify, however, is allowed to 

use the brand name “Philips” for their products up until 2030.

Acuity Brands - net sales 2013-2021

Description: Net sales of Acuity Brands, a commercial and industrial lighting manufacturer, peaked in the fiscal year of 2018. In the 2021 fiscal year, Acuity Brands generated net sales of almost 3.5 billion U.S. dollars.

Acuity Brands - net income 2013-2021

Description: Acuity Brands reported net income of around 306.3 million U.S. dollars in the 2021 fiscal year, an increase of around 23 percent compared with the previous fiscal year. The company’s net income peaked in 2018 at a value of nearly 350 million U.S. dollars. 

Osram: revenue FY 2019-2020

Description: Osram Licht generated some 3 billion euros in revenue from continuing operations in the 2020 fiscal year. Osram was spun-off from Siemens in July 2013 and in 2019, investors accepted an offer made by Austrian chip maker AMS to gain about 55 percent of shares. 

Osram: net income FY 2014-2020

Description: Munich-based Osram Licht AG reported net losses of approximately 271 million euros in 2020. Osram was spun-off from Siemens in July 2013 and became the subject of a successful takeover bid from Austrian chip maker AMS in 2019.

Cree's revenue 2019-2021

Description: In the fiscal year of 2021, Cree reported revenue of around 526 million U.S. dollars. This represents an increase of over 50 million U.S. dollars compared with the previous fiscal year when the company generated some 471 million U.S. dollars in revenue.

Microchip Technology's net income 2014-2022

Description: This statistic shows the net income of Microchip Technology from 2014 to 2022. In 2022, Microchip Technology’s net income amounted to 1.29 billion U.S. dollars, an increase from the previous year. 

Source from Statista

Disclaimer: The information set forth above is provided by Statista independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.

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