The United States and Canada residential lighting fixture business reached a valuation of US$ 123.2 billion in 2023. Demand for residential lighting fixtures recorded a y-o-y growth of 7.5% in 2023.
Sales are expected to reach US$ 132.5 billion in 2024. By 2034, the United States and Canada residential lighting fixture business is projected to exhibit a 7.6% CAGR and a total size of US$ 275.6 billion.
The residential lighting fixture business is anticipated to be driven by several important factors, including the growing demand for ornamental lighting fixtures in the residential sector and the adoption of energy-efficient products such as LEDs and OLEDs. The idea of a smart home is becoming more popular, and lighting fixtures play a big role in interior design.
Manufacturers and brand owners are putting forward claims related to the product’s efficiency and effectiveness in a bid to convert the product’s USP into a larger share and to establish a strong presence in the business. The light fixture business has seen a lot of claims made by manufacturers in order to promote their brands. Consumer purchase patterns are significantly influenced by company claims.
The lighting industry is growing due to technology improvements, such as the incorporation of IoT capabilities and smart lighting systems. The increasing significance attributed to interior design and aesthetics in residential spaces is driving the need for creative and fashionable lighting solutions.
Task lighting for home workstations has become more significant as the idea of home offices has gained traction. Furthermore, there is a growing need for fixtures that promote health and well-being, similar to those that enable circadian lighting to replicate the cycles of natural light.
| Attributes | Key Insights |
|---|---|
| United States and Canada Residential Lighting Fixture Size (2023) | US$ 123.2 billion |
| United States and Canada Residential Lighting Fixture Business Estimated Size (2024) | US$ 132.5 billion |
| United States and Canada Residential Lighting Fixture Business Projected Size (2034) | US$ 275.6 billion |
| Value-based CAGR (2024 to 2034) | 7.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The demand for lighting fixtures in the United States and Canada is anticipated to gain from the growing uptake of connected home lighting systems and the switch to LED lighting. Conventional and LED consumer luminaires will continue to be the dominant segments in the consumer sector, with residential systems projected to increase at a robust rate.
In tandem with the rising penetration of smart home applications among households, the home systems business is expanding quickly. North America is regarded as a key global business for home systems. Hence, it is anticipated that the size of the residential lighting fixture business in the United States and Canada will increase at a decent pace during the projected period, at a 7.6% CAGR.
In residential settings, there has been a notable transition toward LED lighting technology by 2034. LEDs are long-lasting, energy-efficient, and provide a wide range of color and design options.
The business has been impacted by strict energy efficiency laws, such as the Energy Independence and Security Act (EISA) in the United States. Energy-efficient lighting technology, such as LED and compact fluorescent bulb (CFL) fixtures, is encouraged by these laws.
An increasingly popular trend in the business is the use of smart lighting systems. The growing trend of smart homes and home automation has raised the demand for remotely controlled lighting fixtures, frequently via voice-activated systems or smartphone apps.
Environmental factors and sustainability in house designs are becoming more popular. The need for environmentally friendly lighting fixtures and designs that put an emphasis on energy efficiency and the use of recyclable materials has risen as a result.
| Attributes | Key Factors |
|---|---|
| Latest Trends |
|
| Upcoming Opportunities |
|
| Challenges |
|
Principal Consultant
In the table below of the growth potential of residential lighting fixtures in the United States and Canada, CAGRs of leading countries are provided. The United States will likely lead the field of residential lighting fixtures by exhibiting a CAGR of 6.8% from 2024 to 2034. The country is set to be followed by Canada, with a decent CAGR of 10.7% through 2034.
| Countries | CAGR |
|---|---|
| United States | 6.8% |
| Canada | 10.7% |
The working population's migration to tier-I cities due to increased employment opportunities is predicted to support the global urbanization trend. Notably, a stronger rate of urbanization growth is anticipated in Canada. The Canada residential lighting fixture business is estimated to rise at a CAGR of 10.7% during the forecast years.
Interest in lighting fixtures such as chandeliers with a variety of styles and functions has increased as a result of growing urbanization and business evolution. The need for lighting fixtures has also been spurred by advancements in the automation sector, which offer diversified and yet simplified user interaction. Opportunities for the lighting fixture sector are also created by consumers' shifting preferences and the companies' expanding product offers.
The United States-based corporations are creating wireless lighting fixtures because of their several benefits, which include long lifespans, energy savings, remote control compatibility, and programming capabilities. Hence, it is anticipated that the country's residential lighting fixture business will be driven by the need for wireless lighting fixtures.
In the United States, consumer lives are evolving quickly. During the anticipated period, rising urbanization and disposable income are the two elements anticipated to propel expansion.
Sales of lighting fixtures online are probably going to be driven by the availability of a wide selection of products and the growing adoption of smart lighting. As a result, the United States residential lighting fixture business is anticipated to rise at a CAGR of 6.8% during the projection period.
The table below highlights the demand for residential lighting fixtures in the United States and Canada by technology, sales channel, and product type. Under product type, the pendant segment will likely remain dominant in the assessment period with a CAGR of 10.6% by 2034. Based on the technology, the LED segment is set to showcase a significant CAGR of 8.1% through 2034 in the field of residential lighting fixtures in the United States and Canada.
| Segment | Value CAGR |
|---|---|
| LED (Technology) | 8.1% |
| Online Retailers (Sales Channel) | 10.9% |
| Pendants (Product Type) | 10.6% |
The pendant segment is predicted to expand at a CAGR of 10.6% over the course of the forecast period. Creating items with novel, creative designs and aesthetics is the most prevalent trend in the business landscape. Companies are spending more on product development in order to obtain a competitive edge over their rivals.
Due to expanding disposable income, people are spending more money on home décor these days. Generally regarded as elegant, pendant lights are utilized to improve the living room's appearance and give it a more refined, royal image.
The business is developing due to the production of pendants with exquisite materials and a rich, attractive appearance. It is also expanding due to the growing trend of matching these chandeliers and pendants to certain rooms, such as study rooms, dining rooms, and living rooms. The demand for pendant light fixtures is growing as a result of the creation of stylish designs at reasonable costs.
In terms of sales channels, the online retailer segment is projected to expand at a CAGR of 10.9% during the forecast period. This is due to the availability of several offers on products and growing e-commerce businesses in the United States and Canada. In addition, the availability of a wide range of products and the increasing penetration of smart lighting are likely to drive sales of lighting fixtures online in the assessment period.
Unlike marketplaces for typical electronics products, the general lighting fixture business is still regionally fragmented. This is mainly attributed to regional product specifications and how crucial it is to have access to local decision-makers, such as electrical installers, architects, and lighting designers. Nevertheless, each region has a different degree of fragmentation.
Since LED lighting fixtures are more long-lasting and energy-efficient than conventional incandescent and fluorescent lighting fixtures, it is anticipated that demand for these will increase in the forecast years. As LED is a novel technology, it comes with unique features and demands for product development. Hence, small-scale traditional fixture manufacturers can find it difficult to introduce LED lighting fixtures.
Prominent LED fixture manufacturers will get a chance to briefly expand their share. However, LED technology is expected to rise with a CAGR of 8.1% during the projection period.
LED lighting is now extensively used in both commercial and residential settings. It can be found in a variety of home and industrial products. The quick development of LED technology results in more creative items and more efficient manufacturing, which drives down costs.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The United States and Canada residential lighting fixture business has a fragmented competitive landscape, with several players competing on the basis of product quality, effectiveness, brand reputation, and price. Companies are investing in research and development activities to create new and innovative products.
They are also focusing on expanding their distribution channels. In addition to the ecosystem's key manufacturers, there are also smaller firms selling residential lighting fixtures at more affordable costs.
For instance,
| Attribute | Details |
|---|---|
| United States and Canada Residential Lighting Fixture Business Size (2024) | US$ 132.5 billion |
| United States and Canada Residential Lighting Fixture Projected Size (2034) | US$ 275.6 billion |
| Value-based CAGR (2024 to 2034) | 7.6% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Analysis | US$ million for Value |
| Key Countries Covered | United States, Canada |
| Key Segments Covered | Product Type, Power Source, Technology, Usage, Sales Channel |
| Key Companies Profiled | Philips; Acuity Brands Lighting, Inc.; Eaton Corporation; Leviton Manufacturing Co., Inc.; Legrand; Ideal Industries, Inc.; Lutron Electronics Co., Inc.; RAB Lighting; Osram Licht AG; Cree, Inc.; Eaton Corporation; Osram Sylvania; Hubbell Lighting; Cooper Lighting; Zumtobel Group; Eaton Corporation; Panasonic; Osram; Acuity Brands; GE Lighting; Leviton Manufacturing Co., Inc.; Legrand; Ideal Industries, Inc.; Osram Licht AG; Cree, Inc. |
| Report Coverage | Business Forecast, Competition Intelligence, Business Dynamics and Challenges, Strategic Growth Initiatives |
It is expected to reach a valuation of US$ 132.5 billion in 2024.
The pendants category is anticipated to rise at the dominant CAGR of 10.6%.
Philips, Acuity Brands Lighting, Inc., Eaton Corporation, and Cree, Inc.
The business rose at a 6.5% CAGR from 2019 to 2023.
In 2034, the business is set to reach US$ 275.6 billion.
1. Executive Summary
1.1. Business Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Overview
2.1. Coverage / Taxonomy
2.2. Definition / Scope / Limitations
3. Key Trends
3.1. Key Trends
3.1.1. Minimalist and Sleek Designs
3.1.2. Natural Materials
3.1.3. Vintage and Retro Inspirations
3.1.4. Smart and Customizable Lighting
3.1.5. Functional and Task-Oriented Lighting
3.1.6. Others (during the course of the study)
3.2. Future Prospects of Business
3.2.1. Factors Fueling Growth
3.2.2. Influx of Brands
3.2.3. Increasing Demand for Sustainable Products
4. Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical and Current Household Expenditure on Analysis, 2019 to 2023
4.2. Y-o-Y Growth Trend Analysis
4.3. Y-o-Y Growth Trend Analysis
5. Business - Pricing Analysis
5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Regional Average Pricing Analysis Benchmark
6. Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Value (US$ million) Analysis, 2019 to 2023
6.2. Current and Future Value (US$ million) Projections, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Background
7.1. Macro-Economic Factors
7.1.1. GDP Growth Outlook
7.1.2. Business Overview
7.1.3. Spending Outlook
7.1.4. Service Outlook
7.2. Forecast Factors - Relevance and Impact
7.2.1. Top Companies Historical Growth
7.2.2. GDP Growth Forecast
7.2.3. Top Companies Historical Growth
7.2.4. Service Sector Gross Value Added
7.2.5. Industry Outlook
7.2.6. Urbanization Growth Outlook
7.3. Value Chain
7.3.1. Profit Margin Analysis at each sales point
7.3.2. List and role of key participant
7.3.2.1. Manufacture
7.3.2.2. Distributors/Retailers
7.4. Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
7.5. PESTLE Analysis
7.6. Porter’s Five Force Analysis
8. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Size (US$ million) Analysis By Product Type, 2019 to 2023
8.3. Current and Future Size (US$ million) Analysis and Forecast By Product Type, 2024 to 2034
8.3.1. Chandeliers
8.3.2. Flush Mount Ceiling Lights
8.3.3. Pendants
8.3.4. Semi-flush Mount Ceiling Lights
8.3.5. Others
8.4. Attractiveness Analysis By Product Type
9. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Source
9.1. Introduction / Key Findings
9.2. Historical Size (US$ million) Analysis By Power Source, 2019 to 2023
9.3. Current and Future Size (US$ million) Analysis and Forecast By Power Source, 2024 to 2034
9.3.1. Battery-powered
9.3.2. Corded-electric
9.3.3. Hardwired
9.4. Attractiveness Analysis By Power Source
10. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
10.1. Introduction / Key Findings
10.2. Historical Size (US$ million) Analysis By Technology, 2019 to 2023
10.3. Current and Future Size (US$ million) Analysis and Forecast By Technology, 2024 to 2034
10.3.1. Incandescent
10.3.2. Fluorescent
10.3.3. LED
10.4. Attractiveness Analysis By Technology
11. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, By Usage
11.1. Introduction / Key Findings
11.2. Historical Size (US$ million) Analysis By Usage, 2019 to 2023
11.3. Current and Future Size (US$ million) Analysis and Forecast By Usage, 2024 to 2034
11.3.1. Indoor
11.3.2. Outdoor
11.4. Attractiveness Analysis By Usage
12. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Sales Channel
12.1. Introduction / Key Findings
12.2. Historical Size (US$ million) Analysis By Sales Channel, 2019 to 2023
12.3. Current and Future Size (US$ million) Analysis and Forecast By Sales Channel, 2024 to 2034
12.3.1. Direct Sales
12.3.2. Modern Trade
12.3.3. Departmental Stores
12.3.4. Specialty Stores
12.3.5. Online Retailers
12.3.5.1. Direct to Consumer
12.3.5.2. Third Party to Consumer
12.3.6. Other Sales Channel
12.4. Attractiveness Analysis By Sales Channel
13. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Country
13.1. Introduction / Key Findings
13.2. Historical Size (US$ million) Analysis By Country, 2019 to 2023
13.3. Current and Future Size (US$ million) Analysis and Forecast By Country, 2024 to 2034
13.3.1. United States
13.3.1.1. West Region
13.3.1.2. South West Region
13.3.1.3. Mid-West Region
13.3.1.4. North East Region
13.3.1.5. South East Region
13.3.2. Canada
13.4. Attractiveness Analysis By Country
14. West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
14.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
14.4.1. By Product Type
14.4.2. By Power Source
14.4.3. By Technology
14.4.4. By Usage
14.4.5. By Sales Channel
14.5. Attractiveness Analysis
14.5.1. By Product Type
14.5.2. By Power Source
14.5.3. By Technology
14.5.4. By Usage
14.5.5. By Sales Channel
14.6. Trends
14.7. Drivers and Restraints - Impact Analysis
14.8. Key Players Participants - Intensity Mapping
15. Mid-West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
15.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
15.4.1. By Product Type
15.4.2. By Power Source
15.4.3. By Technology
15.4.4. By Usage
15.4.5. By Sales Channel
15.5. Attractiveness Analysis
15.5.1. By Product Type
15.5.2. By Power Source
15.5.3. By Technology
15.5.4. By Usage
15.5.5. By Sales Channel
15.6. Trends
15.7. Drivers and Restraints - Impact Analysis
15.8. Key Players Participants - Intensity Mapping
16. North East Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
16.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
16.4.1. By Product Type
16.4.2. By Power Source
16.4.3. By Technology
16.4.4. By Usage
16.4.5. By Sales Channel
16.5. Attractiveness Analysis
16.5.1. By Product Type
16.5.2. By Power Source
16.5.3. By Technology
16.5.4. By Usage
16.5.5. By Sales Channel
16.6. Trends
16.7. Drivers and Restraints - Impact Analysis
16.8. Key Players Participants - Intensity Mapping
17. South East Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
17.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
17.4.1. By Product Type
17.4.2. By Power Source
17.4.3. By Technology
17.4.4. By Usage
17.4.5. By Sales Channel
17.5. Attractiveness Analysis
17.5.1. By Product Type
17.5.2. By Power Source
17.5.3. By Technology
17.5.4. By Usage
17.5.5. By Sales Channel
17.6. Trends
17.7. Drivers and Restraints - Impact Analysis
17.8. Key Players Participants - Intensity Mapping
18. South West Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
18.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
18.4.1. By Product Type
18.4.2. By Power Source
18.4.3. By Technology
18.4.4. By Usage
18.4.5. By Sales Channel
18.5. Attractiveness Analysis
18.5.1. By Product Type
18.5.2. By Power Source
18.5.3. By Technology
18.5.4. By Usage
18.5.5. By Sales Channel
18.6. Trends
18.7. Drivers and Restraints - Impact Analysis
18.8. Key Players Participants - Intensity Mapping
19. Sales Analysis 2019 to 2023 and Forecast 2024 to 2034
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Size (US$ million) Trend Analysis By Taxonomy, 2019 to 2023
19.4. Current Size (US$ million) Forecast By Taxonomy, 2024 to 2034
19.4.1. By Product Type
19.4.2. By Power Source
19.4.3. By Technology
19.4.4. By Usage
19.4.5. By Sales Channel
19.5. Attractiveness Analysis
19.5.1. By Product Type
19.5.2. By Power Source
19.5.3. By Technology
19.5.4. By Usage
19.5.5. By Sales Channel
19.6. Trends
19.7. Drivers and Restraints - Impact Analysis
19.8. Key Players Participants - Intensity Mapping
20. Structure Analysis
20.1. Analysis by Tier of Companies
20.2. Share Analysis of Top Players
20.3. Presence Analysis
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. Philips
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Profitability by Segments (Product/Channel/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Acuity Brands Lighting, Inc.
21.3.3. Eaton Corporation
21.3.4. Leviton Manufacturing Co., Inc.
21.3.5. Legrand
21.3.6. Ideal Industries, Inc.
21.3.7. Lutron Electronics Co., Inc.
21.3.8. RAB Lighting
21.3.9. Osram Licht AG
21.3.10. Cree, Inc.
21.3.11. Eaton Corporation
21.3.12. Osram Sylvania
21.3.13. Hubbell Lighting
21.3.14. Cooper Lighting
21.3.15. Zumtobel Group
21.3.16. Eaton Corporation
21.3.17. Panasonic
21.3.18. Osram
21.3.19. Acuity Brands
21.3.20. GE Lighting
21.3.21. Leviton Manufacturing Co., Inc.
21.3.22. Legrand
21.3.23. Ideal Industries, Inc.
21.3.24. Osram Licht AG
21.3.25. Cree, Inc.
21.3.26. Others (as requested)
22. Assumptions and Acronyms Used
23. Research Methodology
Explore Consumer Product Insights
View Reports
Residential Lighting Fixture Industry Analysis in United States and Canada
