North America Cabinet LED Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (In-cabinet Lighting and Under-Cabinet Lighting) and Application (Residential, Commercial, Retailer, and Hospitality)

Code: TIPRE00029277 | Pages: 129 | Industry: Electronics and Semiconductor | Date: May 2022
Covid

The North America cabinet LED lighting market is expected to grow from US$ 1,983.30 million in 2021 to US$ 3,691.22 million by 2028. It is estimated to grow at a CAGR of 9.3% from 2022 to 2028.

 

Cabinet LED lighting is a small and inconspicuous light source virtually invisible and can be easily installed. Government initiatives toward sustainable green energy, such as net-zero emission by 2050 and the ENERGY STAR program by the US Environmental Protection Agency and the US Department of Energy, are promoting energy efficiency. Cabinet LED lighting offers many advantages, such as low cost and energy bills, and minimum energy consumption, which attract many consumers to install cabinet LED lighting. Thus, these energy efficiency initiatives are positively impacting the cabinet LED lighting market growth. The rising adoption of LED lighting in kitchen cabinets and cupboards and the growing number of new homes would create lucrative opportunities for the North American cabinet LED lighting market players during the forecast period.

 

As per the Bureau of Economic Analysis, disposable income in the US in December 2021 and 2020 was US$ 18,261.5 billion and US$ 16,706.4 billion, respectively, and the income was US$ 18,519.8 billion in March 2022, which shows a strong economic recovery. Therefore, rising disposable income has made consumers invest in enhancing interiors, such as modular kitchens, where under-cabinet LED lighting is witnessinghigh demand. In addition, the growing use of under cabinet lighting in the hospitality industry is propelling the cabinet LED lighting market growth.

 

According to the US Census Bureau, new residential construction authorized by building permits, housing starts, and housing completions in March 2022 for privately-owned housing units is 1,873,000, 1,793,000, and 1,303,000, respectively. These stats show that the construction of houses and residential and commercial buildings is likely to increase during the next few years. Since cabinet LED, lighting is mostly used in kitchens, bathrooms, offices, hotels, dining areas, barbacks, and underneath counters to enhance décor. With the increasing new residential construction authorized by building permits, housing starts, and housing completions in the US, the demand for cabinet LED lighting will also increase. The Canadian government has proposed a budget for 2022 and 2023 to build 100,000 new housing units. Thus, a new Housing Accelerator Fund has been established. Over the next five years, the government would invest US$ 4 billion in housing development assistance, such as up-front funding or an annual per-door incentive, as well as in municipal housing planning and delivery processes, which would speed up housing development in the coming years. These government initiatives have fueled the construction of houses and boosted consumers' inclination toward modular kitchens. Thus, it is anticipated that the demand for cabinet LED lighting will grow over the coming years.

 

North America Cabinet LED Lighting Market: Key Players

Hafele America Co., Acuity Brands Lighting LLC, Kichler, WAC Lighting, and SGi Lighting are the 5 key market players operating in the North America cabinet LED lighting market. The listing of these players is derived by considering the following key parameters: Overall revenue, segmental revenue, brand image & industry expertise, current cabinet LED light portfolio and related products, customer base, geographical reach, research and development investments, patents, technology integration, new product launches, partnerships, mergers & acquisitions, and other market-related activities. In addition to these players profiled in the report, several other global, regional, and country-level LED light portfolio manufacturers and providers operating in the North America market ecosystem/value chain were also studied for a 360-degree view of the market.

 

North America Cabinet LED Lighting Market: By Type

Based on type, the North America cabinet LED lighting market is segmented into in-cabinet lighting and under-cabinet lighting. The under-cabinet lighting segment dominates the market due to the increasing proliferation of cabinet LED lighting in the kitchen. The in-cabinet lighting segment is anticipated to register a higher CAGR during the forecast period. In-cabinet lighting for shelf lighting can be used for decorative purposes, such as open shelving or utility, when additional illumination is required. The most common type of lighting is linear lighting, which is hidden behind the frame or recessed beneath the shelf.

 

Impact of COVID-19 Pandemic on North America Cabinet LED Lighting Market

The number of hotel construction or renovation projects reduced significantly in the US, Canada, and Mexico in 2020, which showcased poor demand for cabinet LED lighting. The federal government's restrictions on construction activities and workers' movement in North America declined the demand for kitchen cabinet LED lighting. This resulted in slow growth of the cabinet LED lighting market. However, the lockdown caused due to the COVID-19 pandemic has prompted residential and commercial customers to adopt energy-efficient cabinet LED lighting to save money. Also, the cabinet LED lighting market size is expected to grow between 2022 and 2023 owing to increased residential building construction, improved supply chain system, surged demand for kitchen cabinet lighting, and government incentives and policy support.

 

North America Cabinet LED Lighting Market: Market Initiative

Market initiatives are a strategy adopted by companies to expand their footprint worldwide and meet the growing customer demand. Market players present in the North America cabinet LED lighting market is mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings.

 

  • In 2022, Acuity Brands, Inc. announced it is expanding its collaboration with Microsoft to bring new capabilities to Acuity's smart lighting, lighting controls, and building automation solutions.

 

  • In 2020, Savant Systems, Inc. announced that it had acquired GE Lighting. Under a long-term licensing agreement, GE Lighting, a Savant company, will continue using the GE brand on its products moving forward.

 

North America Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

North America Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Get more information on this report :


The North America cabinet LED lighting market is analyzed on the basis of type, application, and country. Based on type, the market is bifurcated into in-cabinet lighting and under-cabinet lighting. By application, the market is segmented into residential, commercial, retailer, and hospitality. By region, the market is segmented into the US, Canada, and Mexico.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Cabinet LED Lighting – Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        North America

4.3         Ecosystem Analysis

4.4         Expert Opinion

4.5         Premium Insights

4.5.1        List of LED Manufacturers

4.5.2        Supply Chain Analysis

5.           North America Cabinet LED Lighting – Market Dynamics

5.1         Market Drivers

5.1.1        Growing Construction of Residential and Commercial Buildings in North America

5.1.2        Rising Demand for Interior Designs and Increasing Disposable Income

5.2         Market Restraints

5.2.1        Overheating Leads to Reduced Life of Cabinet LED Lighting

5.3         Market Opportunities

5.3.1        Energy-Consuming Products and Services with Higher Efficiency and Lower Costs

5.4         Future Trends

5.4.1        Rising Penetration of IoT Connected-Cabinet LED Lighting

5.4.2        Government Stringent Regulations Toward Green Sustainability

5.5         Impact Analysis of Drivers and Restraints

6.           North America Cabinet LED Lighting Market – Market Analysis

6.1         North America Cabinet LED Lighting Market Overview

6.2         North America Cabinet LED Lighting Market Revenue Forecast and Analysis

6.3         North America Cabinet LED Lighting Market: Market Positioning – Five Key Players

7.           North America Cabinet LED Lighting Market Analysis – by Type

7.1         Overview

7.2         North America: Cabinet LED Lighting Market, by Type

7.3         In-Cabinet Lighting

7.3.1        Overview

7.3.2        In-Cabinet Lighting: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

7.4         Under-Cabinet Lighting

7.4.1        Overview

7.4.2        Under-Cabinet Lighting: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

8.           North America Cabinet LED Lighting Market Analysis – by Application

8.1         Overview

8.2         North America: Cabinet LED Lighting Market, by Application

8.3         Residential

8.3.1        Overview

8.3.2        Residential: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

8.4         Commercial

8.4.1        Overview

8.4.2        Commercial: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

8.5         Retailer

8.5.1        Overview

8.5.2        Retailer: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

8.6         Hospitality

8.6.1        Overview

8.6.2        Hospitality: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

9.           North America Cabinet LED Lighting Market – Country Analysis

9.1         Overview

9.1.1        North America North America Cabinet LED Lighting Market Breakdown, by Country

9.1.1.1          US: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Cabinet LED Lighting Market, by Type

9.1.1.1.2          US: Cabinet LED Lighting Market, by Application

9.1.1.2          Canada: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Cabinet LED Lighting Market, by Type

9.1.1.2.2          Canada: Cabinet LED Lighting Market, by Application

9.1.1.3          Mexico: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Cabinet LED Lighting Market, by Type

9.1.1.3.2          Mexico: Cabinet LED Lighting Market, by Application

10.        North America Cabinet LED Lighting Market – COVID-19 Impact Analysis

10.1      Overview

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      Merger and Acquisition

11.4      New Product launch

12.        Company Profiles

12.1      ACUITY BRANDS, INC.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Kichler Lighting LLC

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Hafele America Co

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      GM Lighting

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Savant System Inc

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Black+Decker Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      SGi Lighting Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      RAB Design Lighting

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Phantom Lighting Systems

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   WAC Lighting

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   Hera Lighting

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   JESCO Lighting

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

12.13   Advanced Lighting Concepts, LLC d.b.a Environmental Lights

12.13.1  Key Facts

12.13.2  Business Description

12.13.3  Products and Services

12.13.4  Financial Overview

12.13.5  SWOT Analysis

12.13.6  Key Developments

12.14   Legrand North America, LLC

12.14.1  Key Facts

12.14.2  Business Description

12.14.3  Products and Services

12.14.4  Financial Overview

12.14.5  SWOT Analysis

12.14.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

 


LIST OF TABLES

Table 1.             North America Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             US: Cabinet LED Lighting Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Cabinet LED Lighting Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada: Cabinet LED Lighting Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Cabinet LED Lighting Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico: Cabinet LED Lighting Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico: Cabinet LED Lighting Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

 


 

LIST OF FIGURES

Figure 1.           North America Cabinet LED Lighting Market Segmentation

Figure 2.           North America Cabinet LED Lighting Market Segmentation – By Country

Figure 3.           North America Cabinet LED Lighting Market Overview

Figure 4.           North America Cabinet LED Lighting Market, by Type

Figure 5.           North America Cabinet LED Lighting Market, by Application

Figure 6.           North America - PEST Analysis

Figure 7.           Cabinet LED Lighting Market: Ecosystem Analysis

Figure 8.           Cabinet LED Lighting Market: Expert Opinion

Figure 9.           North America LED Lighting Market– Ecosystem Analysis

Figure 10.        North America Cabinet LED Lighting Market: Impact Analysis of Drivers and Restraints

Figure 11.        North America Cabinet LED Lighting Market Revenue Forecast and Analysis (US$ Million)

Figure 12.        North America: Cabinet LED Lighting Market Revenue Share, by Type (2021 & 2028)

Figure 13.        In-Cabinet Lighting: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Under Cabinet Lighting: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America: Cabinet LED Lighting Market Revenue Share, by Application (2021 & 2028)

Figure 16.        Residential: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Commercial: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Retailer: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Hospitality: Cabinet LED Lighting Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America North America Cabinet LED Lighting Market Breakdown, by Country, 2021 & 2028 (%)

Figure 21.        US: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Canada: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Mexico: Cabinet LED Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Impact of COVID-19 Pandemic in North America

  1. ACUITY BRANDS, INC
  2. Kichler Lighting LLC
  3. Hafele America Co
  4. GM Lighting
  5. Savant System Inc
  6. Black+Decker Inc
  7. SGi Lighting Inc
  8. RAB Design Lighting
  9. Phantom Lighting Systems
  10. WAC Lighting
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Related Tags North America Cabinet LED Lighting Market North America Cabinet LED Lighting Market Research North America Cabinet LED Lighting Market Insight North America Cabinet LED Lighting Market Trends North America Cabinet LED Lighting Market Forecast North America Cabinet LED Lighting Market Share North America Cabinet LED Lighting Market 2028 North America Cabinet LED Lighting Market Growth North America Cabinet LED Lighting Industry Sector North America Cabinet LED Lighting PDF Report North America Cabinet LED Lighting Analysis North America Cabinet LED Lighting Research Competitive Analysis

Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000