U.S LED Lightbulbs Market to reach $915 Billion by 2030; Energy efficiency and cost savings, government regulations and incentives, advancements in smart technology, growing construction and urbanization

The U.S LED Lightbulbs Market size is estimated to reach $915 Million by 2030, growing at a CAGR of 8.0% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “U.S LED Lightbulbs Market – By Technology (Conventional LED, Smart LED, Tunable LED, Others), By Brightness (1 to 300 lumens, 301 to 600 lumens, 601 to 900 lumens, 901 to 1200 lumens, Above 1200 lumens), By Lifespan (0 to 1500 hrs, 1501 to 5000 hrs, 5001 to 10000 hrs, 10001 to 20000 hrs, Above 20000 hrs), By Color Temperature (Soft white, Bright white, Daylight, Others), By Wattage (Low Wattage (<10W), Medium Wattage (10W-40W), High Wattage (>40W)), By Product Type (Dual In-Line Package (DIP) LEDs, Surface Mounted Diode (SMD) LEDs, Chip on Board (COB) LEDs, Others), By Application (Indoor, Outdoor), By End User (Commercial, Industrial, Residential), By Distribution Channel (Online Retail, Offline Retail)  Opportunity Analysis & Industry Forecast, 2024-2030.”

The market is driven by energy efficiency and cost savings to reduce electricity bills and operation costs. Adoption is encouraged by regulations and incentives, with mandates and subsidies. Smart technology in its advancement provides features such as automation and connectivity, growing the consumer interest. Reliable and sustainable lighting solutions are needed as the construction and urbanization continue to grow. The consumerism of customization and the aesthetic appeal draw the consumers who are looking to channelize their personality, not only in their public and personal lives, but also in their personal lighting spaces. These factors combined drive growth in the U.S LED Lightbulbs Market.

In terms of product type, LED lamps accounted for the largest share of 50% of the U.S LED Lightbulbs Market in 2023. The U.S. LED lightbulbs market is dominated by LED lamps, thanks to their excellent energy efficiency, durability and user convenience. According to Lampandlight IE, these lamps use 80 to 90 % less energy than traditional halogen or incandescent bulbs, meaning long term savings on electricity bills. LED lamps have a lifespan of 15,000 to 50,000 hours, which means they last longer than incandescent bulbs, which are about 1,000 hours and halogen lights, which are about 2,000 hours, which means that users don’t have to change them as often. According to Lampandlight IE, LED lamps produce little to no heat, which eliminates risks of burns, shattered glass and damage to walls or ceilings. In addition, LEDs provide instant full brightness and can be available in a range of colours from warm to cool white. LED lamps are eco-friendly and contain no toxic mercury and have a reduced environmental impact. LED lamps are also popular because unlike luminaires, which usually need a technician to replace them, LED lamps are easy to instal.

Energy efficiency and cost savings are pivotal drivers in the U.S. LED Lightbulbs Market, as demonstrated by transformative projects like the Memphis Streetlighting initiative. The $47 million project, completed nine months ago, replaced 77,000 traditional streetlights with LED fixtures that not only save energy, but also provide enormous financial and energy benefits and is recognized by the U.S. Department of Energy as part of the Integrated Lighting campaign in September 2024. This initiative will save over 37 million kWh annually, reduce greenhouse gas emissions by more than 26,000 metric tons and save more than 55% on energy costs. These savings underscore the economic viability of LED solutions and show that they represent an attractive choice for municipalities, businesses and households. This project demonstrates how LED technologies are able to demonstrate sustainability and reduce costs, a trend that is accelerating the adoption of energy efficient lighting solutions which are now essential components of cost effective and environmentally responsible energy strategies across the United States.

The increasing demand for versatile and visually appealing lighting solutions has propelled the U.S. LED lightbulbs market primarily driven by customization and aesthetic appeal. Today, color tunable technologies have advanced to the point that users can change lighting to match a particular mood, setting, or functional need. For example, dim to warm LED products mimic the warmth of incandescent lighting and provide better ambiance for restaurants, hotel lobbies and residential spaces. White tunable LEDs allow switching of warm, neutral, and cool tones, and are well suited for dynamic applications such as seasonal décor change or changing the mood in galleries. Full color tunable LEDs take this a step further and give you vibrant lighting effects, ideal for theaters or themed environments. The U.S. Department of Energy also notes that color tunable systems can provide circadian alignment and control of behavior, and provide both aesthetic and functional value. This customization allows consumers to create lighting solutions that will drive demand in residential and commercial markets.

Key companies profiled in the U.S LED Lightbulbs Market are Acuity Brands, Osram, CreeLED, Signify, TCP Lighting, Eaton, Cooper Lighting Solutions, LUMILEDS LLC, GE Lightning, Lepro and others.

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