General Purpose LEDs and Other High-Efficiency Lighting in the US by Product, Market and Region, 5th

Report Overview

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Energy Efficiency Concerns Have Led the Lighting Industry to Evolve

US demand for general purpose high-efficiency lighting will benefit from the ongoing disruption of the larger lighting industry, which continues to adapt to new energy efficiency regulations, increasing consumer demand for energy-saving and long-lasting lamps, and new technologies like smart lighting and a wide range of LED-based lighting.

Key Findings in the High-Efficiency Lighting Study:

The Lighting Industry Continues to Transition Rapidly to Efficient Lamps

Energy-efficient lighting has steadily grown in popularity for more than two decades, but the latest changes to the regulatory landscape have made for a rapid shift in sales from inefficient lamps like incandescents to high-efficiency types such as LEDs. The Energy Independence and Security Act, which went into effect in 2012, affected most types of lamps by raising energy-efficiency standards and barring the manufacture and import of most inefficient lamps. By 2017, efficient lighting accounted for 88% of general purpose lamp sales in value terms.

In 2020, phase two of the EISA will further raise efficiency standards and will require that existing stocks of inefficient lamps be removed from store shelves. By 2022, nearly all general purpose lamp sales will be comprised of high-efficiency lighting.

LED Lamps’ Market Share Will Keep Growing and Will Boost Market Value

While incandescents and halogens are being phased out of the general purpose lighting market, other established types, such as fluorescents and HIDs, are capable of energy-efficiency that is up to the EISA’s standards.

Nevertheless, LED lighting is often the most efficient and longest-lasting option, so it has benefited the most from the transition toward high-efficiency lighting. LEDs’ promise of significant energy savings and less frequent lamp replacement is popular with users in all lighting markets. And, in most markets, LED products are higher value than more traditional types, so as their market share skyrockets, the overall market’s price points and total value continue to post rapid gains, even as prices for many types of LED lamps fall.

Smart Lighting and Other New Technologies Will Drive Further Value Gains

LED lighting is still relatively new, at least when it is compared to older technologies like the incandescent bulb and the linear fluorescent tube. LEDs therefore hold a lot of potential for further product development, which will further raise price points and market value.

Suppliers continue to improve their LED lamps in a number of ways, including even better efficiency, longer service lives, better light quality, and more color temperature options. And smart lighting is transforming what was once something of a commodity into a high-tech, value-added product that fits well into the burgeoning markets for smart homes and the Internet of Things (IoT).

Study Coverage

This study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by product (LED, fluorescent, and HID lamps), market (nonresidential buildings, residential buildings, and outdoor lighting), and region (Northeast, Midwest, South, and West). The study also evaluates company market share and provides analysis on industry competitors including Advanced Lighting Technologies, Cree, Feit Electric, General Electric, LEDVANCE, Leviton, Lighting Science Group, LSI Industries, MLS, Philips Lighting, TCP International, and Ushio.

This study analyzes US markets for general purpose high-efficiency lamps (or bulbs). Specific products covered include LED lamps, high-efficiency fluorescent lamps (CFLs and linear fluorescents), high-efficiency high intensity discharge (HID) lamps (sodium vapor and metal halide), and other types (including induction lamps, short arc lamps, cold cathode fluorescents, and ESL lamps).

Historical data for 2007, 2012, and 2017 and forecasts for 2022 are provided for high-efficiency lighting demand at the manufacturer’s level in current dollars (which are not adjusted to account for inflation). Demand is broken out by the above product types, market (nonresidential buildings; residential buildings; roadway, parking, and other outdoor lighting; and other markets), and geographical region.

Excluded from the scope of the study are indicator/signal lights and LED luminaires, with LEDs integrated into a fixture.