North American Lighting Equipment Market, Forecast to 2023

North American Lighting Equipment Market, Forecast to 2023

LED Technology and Connected Lighting will be the Primary Pillars of the Market by 2023

RELEASE DATE
20-Sep-2017
REGION
North America
Research Code: K1F7-01-00-00-00
SKU: EN01009-NA-MR_20767

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Description

The North American lighting equipment market is currently in the growth stage and is expected to witness healthy growth between 2016 and 2023. High rate of growth in the LED technology landscape is also tempered by falling revenue in Non-LED applications and falling prices of LED products. Operational cost savings achieved through adoption of energy-efficient lighting technology is increasing the demand, while increased product functionality and supportive regulations further complement the growth of this market. The market will be characterized by prevalence of LED and connected lighting technologies. The market is expected to grow at a CAGR of 4.7% between 2016 and 2023. Service-focused business models, such as lighting-as-a-service, are expected to dominate the market toward the end of the forecast period.

Market trends are analyzed for the study period of 2013 to 2023, with the base year being 2016. This study segments lighting equipment into lamps, ballasts, fixtures, lighting controls and control gear, and lighting management systems. These segments are further analyzed and divided into vertical markets and product types. A distribution channel analysis is also available for the overall market, along with the revenue contributions expected from various channels over the study period. A vertical market analysis is also available with revenue contributions over the study period for commercial, institutional, outdoor/public, residential and industrial segments.

Companies mentioned in the lighting equipment market competitive landscape include Acuity Brands, Philips Lighting, Osram Sylvania, GE Lighting among others. In addition to industry challenges and drivers and restraints in the market, this study also highlights certain upcoming technology trends in the market. Market growth and trend analyses are provided. The study also discusses growth opportunities and how participants can capitalize on these emerging opportunities.

Key Questions This Study Will Answer
• What is the anticipated growth of the market between 2016 and 2023?
• What external forces affect market growth? How significant are their impact?
• Who are the key market participants? What are their competitive strengths?
• What are the expected revenue changes in segments such as lamps, ballasts, fixtures, lighting controls, and lighting management systems?
What are the key drivers of such changes?
• What are the trends and changes expected in the distribution channel structure of the market?
• How do various end-user industries boost lighting equipment revenue?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Associated Multimedia and Related Research

Market Definitions

Segmentation

Distribution Channels

Drivers—Impact and Duration

Restraints—Impact and Duration

Market Engineering Measurements

Revenue Forecast

Pricing Trends and Forecast—Light Sources

Percent Revenue Forecast by Country

Revenue Forecast by Country

Revenue Forecast by Vertical Market

Percent Revenue Forecast by Distribution Channel

Competitive Analysis—Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Competitive Factors and Assessment

Growth Opportunity 1—Lighting as a Service

Growth Opportunity 2—Connected Emergency Lighting

Strategic Imperatives for Success and Growth

Lamp Segment Breakdown

Market Engineering Measurements

Lamp Segment—Revenue Forecast

Lamp Segment—Percent Revenue by Product Type

Lamp Segment—Percent Revenue by Vertical Market

Market Share Analysis

3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Other Participants in the Lighting Equipment Market

Partial List of Companies Interviewed

Abbreviations and Acronyms

List of Figures
  • 1. Lighting Equipment Market: Key Market Drivers, North America, 2017–2023
  • 2. Lighting Equipment Market: Key Market Restraints, North America, 2017–2023
  • 3. Total Lighting Equipment Market: Market Engineering Measurements, North America, 2016
  • 4. Total Lighting Equipment Market: Revenue Forecast by Country, North America, 2013–2021
  • 5. Total Lighting Equipment Market: Company Market Share Analysis of Top 4 Participants, North America, 2016
  • 6. Total Lighting Equipment Market: Competitive Structure, North America, 2016
  • 7. Total Lighting Equipment Market: SWOT Analysis, North America, 2016
  • 8. Lamp Segment: Market Engineering Measurements, North America, 2016
  • 9. Lamp Segment: Market Share, North America, 2016
  • 10. Ballast Segment: Market Engineering Measurements, North America, 2016
  • 11. Ballast Segment: Market Share, North America, 2016
  • 12. Fixtures Segment: Market Engineering Measurements, North America, 2016
  • 13. Fixtures Segment: Market Share, North America, 2016
  • 14. Lightning Controls and Control Gear Segment: Market Engineering Measurements, North America, 2016
  • 15. Lighting Controls and Control Gear Segment: Market Share, North America, 2016
  • 16. Lightning Management Systems Segment: Market Engineering Measurements, North America, 2016
  • 17. Lighting Management Systems Segment: Market Share, North America, 2016
List of Charts
  • 1. Total Lighting Equipment Market: Market Engineering Measurements, North America, 2016
  • 2. Total Lighting Equipment Market: Per Cent Revenue Breakdown, North America, 2016
  • 3. Total Lighting Equipment Market: Distribution Channel Analysis, North America, 2016
  • 4. Energy Prices, US, 2009–2015
  • 5. Total Lighting Equipment Market: Revenue Forecast, North America, 2013–2023
  • 6. Total Lighting Equipment Market: Average Price Index for Light Sources, North America, 2013–2023
  • 7. Total Lighting Equipment Market: Percent Revenue Forecast by Country, North America, 2013–2023
  • 8. Total Lighting Equipment Market: Revenue Forecast by Vertical Market, North America, 2013–2023
  • 9. Total Lighting Equipment Market: Percent Revenue Forecast by Distribution Channel, North America, 2013–2023
  • 10. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 11. Total Lighting Equipment Market: Competitive Factors and Assessment, North America, 2016
  • 12. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 13. Lamp Segment: Revenue Forecast, North America, 2013–2023
  • 14. Lamp Segment: Percent Sales Breakdown by Product Type, North America, 2016
  • 15. Lamp Segment: Percent Sales Breakdown by Product Type, North America, 2023
  • 16. Lamp Segment: Percent Sales Breakdown by Vertical Market, North America, 2016
  • 17. Lamp Segment: Percent Sales Breakdown by Vertical Market, North America, 2023
  • 18. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 19. Ballast Segment: Revenue Forecast, Global, 2013–2023
  • 20. Ballast Segment: Percent Sales Breakdown by Product Type, North America, 2016
  • 21. Ballast Segment: Percent Sales Breakdown by Product Type, North America, 2023
  • 22. Fluorescent Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016
  • 23. Fluorescent Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2023
  • 24. HID Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016
  • 25. HID Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2023
  • 26. Ballast Segment: Percent Sales Breakdown by Vertical Market, North America, 2016
  • 27. Ballast Segment: Percent Sales Breakdown by Vertical Market, North America, 2023
  • 28. Ballast Segment: Percent Sales Breakdown by Integrated vs. Stand-alone Fixtures, North America, 2016
  • 29. Ballast Segment: Percent Sales Breakdown by Integrated vs. Stand-alone Fixtures, North America, 2023
  • 30. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 31. Fixtures Segment: Revenue Forecast, North America, 2013–2023
  • 32. Fixtures Segment: Percent Sales Breakdown by Vertical Market, North America, 2016
  • 33. Fixtures Segment: Percent Sales Breakdown by Vertical Market, North America, 2023
  • 34. Fixtures Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2016
  • 35. Fixtures Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2023
  • 36. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 37. Lighting Controls and Control Gear Segment: Revenue Forecast, North America, 2013–2023
  • 38. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Product Type, North America, 2016
  • 39. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Product Type, North America, 2023
  • 40. Control Gear Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016
  • 41. Control Gear Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023
  • 42. Lighting Controls Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016
  • 43. Lighting Controls Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023
  • 44. User Interfaces Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016
  • 45. User Interfaces Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023
  • 46. Sensors Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016
  • 47. Sensors Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023
  • 48. Control Modules Subsegment : Percent Sales Breakdown by Sub-product Type, North America, 2016
  • 49. Control Modules Subsegment : Percent Sales Breakdown by Sub-product Type, North America, 2023
  • 50. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Vertical Market, North America, 2016
  • 51. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Vertical Market, North America, 2023
  • 52. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Wireless vs. Wired, North America, 2016
  • 53. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Wireless vs. Wired, North America, 2023
  • 54. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2016
  • 55. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2023
  • 56. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016
  • 57. Lighting Management Systems Segment: Revenue Forecast, North America, 2013–2023
  • 58. Lighting Management Systems Segment: Percent Sales Breakdown by Vertical Market, North America, 2016
  • 59. Lighting Management Systems Segment: Percent Sales Breakdown by Vertical Market, North America, 2023
Related Research
The North American lighting equipment market is currently in the growth stage and is expected to witness healthy growth between 2016 and 2023. High rate of growth in the LED technology landscape is also tempered by falling revenue in Non-LED applications and falling prices of LED products. Operational cost savings achieved through adoption of energy-efficient lighting technology is increasing the demand, while increased product functionality and supportive regulations further complement the growth of this market. The market will be characterized by prevalence of LED and connected lighting technologies. The market is expected to grow at a CAGR of 4.7% between 2016 and 2023. Service-focused business models, such as lighting-as-a-service, are expected to dominate the market toward the end of the forecast period. Market trends are analyzed for the study period of 2013 to 2023, with the base year being 2016. This study segments lighting equipment into lamps, ballasts, fixtures, lighting controls and control gear, and lighting management systems. These segments are further analyzed and divided into vertical markets and product types. A distribution channel analysis is also available for the overall market, along with the revenue contributions expected from various channels over the study period. A vertical market analysis is also available with revenue contributions over the study period for commercial, institutional, outdoor/public, residential and industrial segments. Companies mentioned in the lighting equipment market competitive landscape include Acuity Brands, Philips Lighting, Osram Sylvania, GE Lighting among others. In addition to industry challenges and drivers and restraints in the market, this study also highlights certain upcoming technology trends in the market. Market growth and trend analyses are provided. The study also discusses growth opportunities and how participants can capitalize on these emerging opportunities. Key Questions This Study Will Answ
More Information
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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ || Associated Multimedia and Related Research~ | Market Overview~ || Market Definitions~ || Segmentation~ || Distribution Channels~ | Drivers and Restraints—Total Lighting Equipment Market~ || Drivers—Impact and Duration~ || Restraints—Impact and Duration~ | Forecasts and Trends—Total Lighting Equipment Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Pricing Trends and Forecast—Light Sources~ || Percent Revenue Forecast by Country~ || Revenue Forecast by Country~ || Revenue Forecast by Vertical Market~ || Percent Revenue Forecast by Distribution Channel~ | Market Share and Competitive Analysis—Total Lighting Equipment Market~ || Competitive Analysis—Market Share~ || Market Share Analysis~ || Competitive Environment~ || Top Competitors~ ||| Acuity Brands~ ||| Philips Lighting~ ||| Osram Sylvania~ ||| GE Lighting~ || Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Lighting as a Service~ || Growth Opportunity 2—Connected Emergency Lighting~ || Strategic Imperatives for Success and Growth~ | Lamp Segment Breakdown~ || Lamp Segment Breakdown~ || Market Engineering Measurements~ || Lamp Segment—Revenue Forecast~ || Lamp Segment—Percent Revenue by Product Type~ || Lamp Segment—Percent Revenue by Vertical Market~ || Market Share Analysis~ | Ballast Segment Breakdown~ | Fixtures Segment Breakdown~ | Lighting Control and Control Gear Segment Breakdown~ | Lighting Management Systems Segment Breakdown~ | Upcoming Technology Trends~ | The Last Word~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Other Participants in the Lighting Equipment Market~ || Partial List of Companies Interviewed~ || Abbreviations and Acronyms~
List of Charts and Figures 1. Lighting Equipment Market: Key Market Drivers, North America, 2017–2023~ 2. Lighting Equipment Market: Key Market Restraints, North America, 2017–2023~ 3. Total Lighting Equipment Market: Market Engineering Measurements, North America, 2016~ 4. Total Lighting Equipment Market: Revenue Forecast by Country, North America, 2013–2021~ 5. Total Lighting Equipment Market: Company Market Share Analysis of Top 4 Participants, North America, 2016~ 6. Total Lighting Equipment Market: Competitive Structure, North America, 2016~ 7. Total Lighting Equipment Market: SWOT Analysis, North America, 2016~ 8. Lamp Segment: Market Engineering Measurements, North America, 2016 ~ 9. Lamp Segment: Market Share, North America, 2016~ 10. Ballast Segment: Market Engineering Measurements, North America, 2016 ~ 11. Ballast Segment: Market Share, North America, 2016~ 12. Fixtures Segment: Market Engineering Measurements, North America, 2016 ~ 13. Fixtures Segment: Market Share, North America, 2016~ 14. Lightning Controls and Control Gear Segment: Market Engineering Measurements, North America, 2016 ~ 15. Lighting Controls and Control Gear Segment: Market Share, North America, 2016~ 16. Lightning Management Systems Segment: Market Engineering Measurements, North America, 2016 ~ 17. Lighting Management Systems Segment: Market Share, North America, 2016~| 1. Total Lighting Equipment Market: Market Engineering Measurements, North America, 2016~ 2. Total Lighting Equipment Market: Per Cent Revenue Breakdown, North America, 2016~ 3. Total Lighting Equipment Market: Distribution Channel Analysis, North America, 2016~ 4. Energy Prices, US, 2009–2015~ 5. Total Lighting Equipment Market: Revenue Forecast, North America, 2013–2023~ 6. Total Lighting Equipment Market: Average Price Index for Light Sources, North America, 2013–2023~ 7. Total Lighting Equipment Market: Percent Revenue Forecast by Country, North America, 2013–2023~ 8. Total Lighting Equipment Market: Revenue Forecast by Vertical Market, North America, 2013–2023~ 9. Total Lighting Equipment Market: Percent Revenue Forecast by Distribution Channel, North America, 2013–2023~ 10. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 11. Total Lighting Equipment Market: Competitive Factors and Assessment, North America, 2016~ 12. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 13. Lamp Segment: Revenue Forecast, North America, 2013–2023~ 14. Lamp Segment: Percent Sales Breakdown by Product Type, North America, 2016~ 15. Lamp Segment: Percent Sales Breakdown by Product Type, North America, 2023~ 16. Lamp Segment: Percent Sales Breakdown by Vertical Market, North America, 2016~ 17. Lamp Segment: Percent Sales Breakdown by Vertical Market, North America, 2023~ 18. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 19. Ballast Segment: Revenue Forecast, Global, 2013–2023~ 20. Ballast Segment: Percent Sales Breakdown by Product Type, North America, 2016~ 21. Ballast Segment: Percent Sales Breakdown by Product Type, North America, 2023~ 22. Fluorescent Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016~ 23. Fluorescent Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2023~ 24. HID Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016~ 25. HID Ballasts Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2023~ 26. Ballast Segment: Percent Sales Breakdown by Vertical Market, North America, 2016~ 27. Ballast Segment: Percent Sales Breakdown by Vertical Market, North America, 2023~ 28. Ballast Segment: Percent Sales Breakdown by Integrated vs. Stand-alone Fixtures, North America, 2016~ 29. Ballast Segment: Percent Sales Breakdown by Integrated vs. Stand-alone Fixtures, North America, 2023~ 30. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 31. Fixtures Segment: Revenue Forecast, North America, 2013–2023~ 32. Fixtures Segment: Percent Sales Breakdown by Vertical Market, North America, 2016~ 33. Fixtures Segment: Percent Sales Breakdown by Vertical Market, North America, 2023~ 34. Fixtures Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2016~ 35. Fixtures Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2023~ 36. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 37. Lighting Controls and Control Gear Segment: Revenue Forecast, North America, 2013–2023~ 38. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Product Type, North America, 2016~ 39. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Product Type, North America, 2023~ 40. Control Gear Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016~ 41. Control Gear Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023~ 42. Lighting Controls Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016~ 43. Lighting Controls Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023~ 44. User Interfaces Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2016~ 45. User Interfaces Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023~ 46. Sensors Subsegment: Percent Sales Breakdown by Sub-Product Type, North America, 2016~ 47. Sensors Subsegment: Percent Sales Breakdown by Sub-product Type, North America, 2023~ 48. Control Modules Subsegment : Percent Sales Breakdown by Sub-product Type, North America, 2016~ 49. Control Modules Subsegment : Percent Sales Breakdown by Sub-product Type, North America, 2023~ 50. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Vertical Market, North America, 2016~ 51. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Vertical Market, North America, 2023~ 52. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Wireless vs. Wired, North America, 2016~ 53. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Wireless vs. Wired, North America, 2023~ 54. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2016~ 55. Lighting Controls and Control Gear Segment: Percent Sales Breakdown by Integrated vs. Standalone, North America, 2023~ 56. Total Lighting Equipment Market: Percent Sales Breakdown, North America, 2016~ 57. Lighting Management Systems Segment: Revenue Forecast, North America, 2013–2023~ 58. Lighting Management Systems Segment: Percent Sales Breakdown by Vertical Market, North America, 2016~ 59. Lighting Management Systems Segment: Percent Sales Breakdown by Vertical Market, North America, 2023~
Author Pratik Paul
Industries Environment
WIP Number K1F7-01-00-00-00
Is Prebook No