- The U.S. lighting market is undergoing a significant transformation, with LEDs emerging as the dominant technology due to their cost-effectiveness, durability, and reduced energy consumption. This shift is further supported by government incentives and corporate sustainability initiatives aimed at lowering carbon footprints
- The growing demand for smart lighting integrated with voice control, sensors, and automation is driving innovation and competition among market players. Moreover, the increasing emphasis on eco-friendly solutions and circular economy practices is expected to enhance market expansion in the coming years
- The light bulbs segment held the largest market revenue share in 2024, driven by the widespread use of LED bulbs as an energy-efficient replacement for incandescent and fluorescent bulbs. Their affordability, long lifespan, and alignment with energy-saving initiatives make them the most widely adopted lighting option across the country
