LED Lighting Market in North America report states that one of the major factors hindering the growth of this market is High average cost per LED fixture.
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The report, LED Lighting Market in North America 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
The analysts forecast LED lighting market in North America to grow at a CAGR of 11.78% during the period 2018-2022.
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Key players in the LED lighting market in North America: Acuity Brands, Cree, Eaton , GENERAL ELECTRIC , Koninklijke Philips, OSRAM.
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The latest trend gaining momentum in the LED Lighting Market in North America is New guidelines and government policies for smart lighting. Energy efficiency has become a major global concern nowadays, particularly as a result of global warming and the rapid depletion of non-renewable energy sources.
The increased power consumption has resulted in several countries framing policies that ban the use of incandescent light bulbs in a phased manner, which have a relatively low power efficiency.
According to the LED Lighting Market in North America report, one of the major drivers for this market is Declining manufacturing cost of LEDs. The manufacturing cost of LEDs has declined steadily since 2012 and will continue to decline during the forecast period.
This decline can be mainly attributed to the decreasing ASP of chips and components used in the manufacturing process of LED devices. The decline in the manufacturing cost of LEDs is also reducing the initial installation cost of LED lamps and fixtures, which will accelerate the installation of new LED lamps and fixtures across all application segments.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: MARKET SEGMENTATION BY APPLICATION
Segmentation by application
Comparison by application
Residential Market size and forecast 2017-2022
Commercial Market size and forecast 2017-2022
Industrial Market size and forecast 2017-2022
Outdoor Market size and forecast 2017-2022
Others Market size and forecast 2017-2022
Market opportunity by application
PART 08: MARKET SEGMENTATION BY PRODUCT
Segmentation by product
Comparison by product
LED lamps Market size and forecast 2017-2022
LED luminaires Market size and forecast 2017-2022
Market opportunity by product
PART 09: CUSTOMER LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Growing traction for intelligent lighting systems
Emergence of smart cities
Rising number of smart homes in North America
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
Market positioning of vendors
PART 15: APPENDIX
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