U.S. LED Lighting Market Projected to Reach $16.18 Billion by 2029!

Posted in

May 21, 2025

U.S. LED Lighting Market Projected to Reach .18 Billion by 2029!

The US LED lighting market is forecasted to grow from USD 11.76 billion in 2024 to USD 16.18 billion by 2029, achieving a CAGR of 6.6%. This surge is driven by rising consumer awareness of energy efficiency, government policies promoting sustainable practices, and the integration of smart lighting technology with IoT systems. The lamps segment is expected to dominate the market due to their cost-effectiveness and longevity, while e-commerce channels are predicted to experience the highest growth as online shopping becomes more prevalent. Overall, increased focus on energy efficiency and smart technology, alongside urban infrastructure developments, is propelling market expansion, despite challenges such as functional issues with LED technology and a lack of standardized regulations.

Original source:

https://www.globenewswire.com/news-release/2025/05/21/3085758/0/en/U-S-LED-Lighting-Market-Set-for-16-18-Billion-by-2029.html

U.S. LED Lighting Market Projected to Reach $16.18 Billion by 2029!

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