The North American LED market has moderate competition, with an annual growth rate of 12.6%

　　 From 2020 to 2025, the compound annual growth rate of the US LED market is expected to be 12.6%. The increasing demand for energy-saving lighting systems and the continued reduction in the price of LED products are some of the main factors driving the adoption of LED lighting in the United States. As a new type of lighting source in the United States, LED is experiencing rapid development, which has encouraged investors to further invest in this field.

　　In the US domestic market, LED lighting has been widely used in various household and industrial products, and the breadth of application continues to increase. Currently, manufacturers such as Energy Star and DesignLights Consortium have been improving the quality and efficiency of LED lighting. On-demand production has become one of the new trends in the US market. In 2019, the US Department of Energy (DOE) also released data on the trend of LED lamps in the general lighting market in the United States. Thanks to technological innovation, by 2035, the energy saved by LED lighting can reach 569 trillion watt-hours.

　　 In order to attract industrial customers, customizing light output according to the environment has become a common trend among manufacturers. Therefore, the application of tunable LED lighting solutions has a clear upward trend recently. In the US market, mergers, acquisitions and cooperation are some of the popular trends adopted by market suppliers for product innovation and inorganic growth. With the rise of smart homes in North America, the demand for smart LED lighting systems is also growing. These lighting systems can be connected to other electronic devices and users can remotely control them. Suppliers in the regional market have also been committed to making networked lighting more popular, which has also brought innovation at the global level.

　　The automotive industry is one of the emerging markets for LEDs. Trends such as electric vehicles and autonomous vehicles may promote the application of LED components in automobiles. CRRC stated that vehicles including trains can be interconnected through front and rear LED lights to improve safety. In 2020, Cree, headquartered in the United States, said that Cree has supplied products to Yutong Group.

　　According to ANSES, the blue light in LED lighting can damage the retina of the eye and disrupt the biological and sleep rhythm at the same time. This may be an important limiting factor for the LED market during the forecast period.

　　Key market trends

　　Residential and commercial lighting is the key

　　The commercial part mainly includes the application of LED in the residential and commercial part. In these fields, LEDs have been widely used in residential kitchens, corridors and bathrooms, as well as some offices and commercial places, and so on. The U.S. Department of Energy estimates that at least 500 million spotlights are installed in American households, and the annual sales volume exceeds 20 million. LED technology can reduce the wattage of spotlights by more than 75%. The development trend of smart buildings, green buildings and smart homes is expected to promote the application of LED research, LED recessed lights and wall lights are good examples.

　　 In September 2019, Signify (Philips Lighting) launched three different sizes of filament LED bulbs. At the International Consumer Electronics Show in Berlin, Germany, Signify also announced the launch of more intelligent lighting systems in the Hue series, aimed at capturing more entertainment-oriented basic users. In May 2020, Fluence, headquartered in the United States, launched four additional spectra on its LED VYPR top light series, and its efficacy reached the market-leading 3.8μl mol/J. The VYPR series is built for year-round greenhouses and indoor cultivation machines, which enable growers to maintain predictable yields, increase crop yields, and improve plant quality compared to traditional production systems.

　　 It is estimated that by 2035, LED lighting technology applied in commercial and residential areas is the main driving factor for energy conservation and environmental protection in the United States.

　　Industrial lighting dominates

　　 Because LED technology can save 50-80% of energy costs (about 75% of the total cost, and the other 25% is related to operation management), manufacturing Industry organizations have turned to LEDs one after another. Work lights, road lighting systems, warehouse lighting, and outdoor floodlights are some of the industrial LED lights commonly used in the United States. In addition to manufacturing, heavy investment in the oil, natural gas, and pharmaceutical industries is expected to drive demand for LEDs in the United States.

　　 During the forecast period, the application of intelligent interconnection technology in the industrial sector has also opened up space for LED lighting. Suppliers Cree and Osram have been targeting this market.

　　Competitive landscape

　　 The US LED market is relatively moderately competitive and consists of several major players. However, in terms of market share, these companies have not yet reached the level of leading the market. At present, these companies are committed to overseas expansion, using strategic collaboration measures to increase market share and improve profitability. In May 2019, OSRAM fluorescent horticultural lighting was launched in Europe, the Middle East and Africa, supported by its experienced team of technical consultants, to help growers produce the best crops to meet the market demand in the region.