+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

North America Downlight Market Report and Forecast 2024-2032

  • PDF Icon

    Report

  • 140 Pages
  • November 2023
  • Region: North America
  • Expert Market Research
  • ID: 5912762
According to the report, the North America downlight market is projected to grow at a CAGR of 9.10% between 2024 and 2032 reaching a value of around USD 10.34 billion by 2032. Aided by the accelerating shift toward energy-efficient lighting solutions and the broadening applications of downlights in various settings, the market is expected to grow significantly by 2032.

Downlights, also known as recessed lights or can lights, are lighting fixtures installed into a hollow opening in a ceiling, concentrating light in a downward direction. Their minimalist and contemporary design has made them a preferred choice for both residential and commercial spaces. Besides their aesthetic appeal, downlights also provide efficient illumination, reducing shadows and maximising the light spread across rooms.

The surge in modern architectural designs and renovations across North America has significantly bolstered the demand for downlights. Homeowners and commercial spaces are leaning towards sleek, efficient, and unobtrusive lighting solutions, propelling the adoption of downlights as a primary lighting source. The transition from traditional lighting to LED-based downlights, known for their longevity and energy efficiency, has been a notable North America downlight market trend.

Furthermore, the heightened awareness regarding energy consumption and a collective move toward sustainable solutions are driving the North America downlight market. With energy conservation becoming a priority, several government initiatives and regulations have been established, emphasising the adoption of energy-efficient lighting systems. Downlights, particularly those integrated with LED technology, align well with these regulatory standards, promoting their increased adoption.

The commercial sector, including hotels, offices, retail stores, and hospitals, has been propelling the North America downlight market demand. The ability of downlights to provide targeted illumination, coupled with their aesthetic versatility, makes them apt for diverse commercial applications. For instance, retail stores utilise downlights to highlight specific products or sections, enhancing product visibility and customer experience.

In the realm of residential lighting, downlights have been gaining traction, especially in modern homes and apartments. Their compact design, coupled with a variety of colour temperatures available, allows homeowners to set the desired ambiance, be it warm and cozy or bright and functional.

Innovation has been influencing the North America downlight market outlook. Features such as smart controls, dimming capabilities, and colour-changing functionalities are being integrated into downlights. The advent of smart home technology and IoT has further allowed the integration of downlights with home automation systems, giving users the ability to control the lighting through smartphones or voice commands.

Market Segmentation

The market can be divided based on application and country.

Market Breakup by Application

  • Residential
  • Commercial
  • Retail
  • Hospitality
  • Offices
  • Others
  • Industrial

Market Breakup by Country

  • United States
  • Canada

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America downlight market. Some of the major players explored in the report are as follows:
  • Signify Holding
  • Cree Lighting
  • Acuity Brands Lighting, Inc.
  • OSRAM GmbH
  • Liteline Corporation
  • GE Current
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 Global Downlight Market Overview
8.1 Key Industry Highlights
8.2 Global Downlight Historical Market (2018-2023)
8.3 Global Downlight Market Forecast (2024-2032)
8.4 Global Downlight Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Downlight Market Analysis
9.1 Key Industry Highlights
9.2 North America Downlight Historical Market (2018-2023)
9.3 North America Downlight Market Forecast (2024-2032)
9.4 North America Downlight Market by Application
9.4.1 Residential
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Commercial
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.2.3 Breakup by Type
9.4.2.3.1 Retail
9.4.2.3.2 Hospitality
9.4.2.3.3 Offices
9.4.2.3.4 Others
9.4.3 Industrial
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 North America Downlight Market by Country
9.5.1 United States
9.5.2 Canada
10 Regional Analysis
10.1 United States
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Application
10.1.3.1 Residential
10.1.3.2 Commercial
10.1.3.3 Industrial
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Application
10.2.3.1 Residential
10.2.3.2 Commercial
10.2.3.3 Industrial
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Signify Holding
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Cree Lighting
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Acuity Brands Lighting, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 OSRAM GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Liteline Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 GE Current
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Downlight Market: Key Industry Highlights, 2018 and 2032
2. North America Downlight Market: Key Industry Highlights, 2018 and 2032
3. North America Downlight Historical Market: Breakup by Application (USD Billion), 2018-2023
4. North America Downlight Market Forecast: Breakup by Application (USD Billion), 2024-2032
5. North America Downlight Historical Market: Breakup by Country (USD Billion), 2018-2023
6. North America Downlight Market Forecast: Breakup by Country (USD Billion), 2024-2032
7. North America Downlight Market Structure

Companies Mentioned

  • Signify Holding
  • Cree Lighting
  • Acuity Brands Lighting Inc.
  • OSRAM GmbH
  • Liteline Corporation
  • GE Current

Methodology

Loading
LOADING...