According to IMARC Group’s latest report, titled “US LED Downlight Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market reached a value of US$ 3.5 Billion in 2020. LED downlights refer to recessed light fixtures mounted into a hollow opening in a ceiling. They are extremely energy-efficient and eco-friendly lighting solutions that emit light in the downward direction with a narrow beam. In addition to this, LED downlights have a relatively long lifespan with minimum heat radiation. Consequently, they find extensive applications in offices, malls, hallways, kitchens, bathrooms, showrooms, etc. Furthermore, these lights are commonly available in a wide range of sizes as well as lumen packages and are a viable alternative to compact fluorescent and incandescent lamps.
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The growing adoption of outdoor lighting systems, owing to their capability to withstand harsh conditions, such as vibrations, rough weather, external shocks, etc., is primarily driving the US LED downlight market. Additionally, the development of green-lighting technology that provides optimum luminous efficacy is also catalyzing the market growth. Besides this, the launch of several favorable policies by government bodies to promote the utilization of LED downlights across various sectors is acting as another significant growth-inducing factor. Moreover, the rising consumer awareness towards sustainable development and the inflating popularity of LED retrofitting for better service life at less wattage are propelling the product demand in this country. Apart from this, the introduction of compact-sized variants is anticipated to fuel the US LED downlight market over the forecasted period. Looking forward, IMARC Group expects the US LED downlight market to grow at a CAGR of 10.6% during 2021-2026.
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