PUBLISHER: KBV Research | PRODUCT CODE: 1593701
PUBLISHER: KBV Research | PRODUCT CODE: 1593701
North America Energy Efficient Warehouse Lighting System Market Size, Share & Trends Analysis Report By Application (Industrial, Commercial, and Other Application), By Type, By Country and Growth Forecast, 2024 - 2031
The North America Energy Efficient Warehouse Lighting System Market would witness market growth of 11.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Energy Efficient Warehouse Lighting System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,564.3 million by 2031. The Canada market is experiencing a CAGR of 13.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.9% during (2024 - 2031).
Rising energy costs are a primary motivator for warehouse operators to seek efficient lighting systems. Energy expenses represent a significant portion of the total operational costs in warehouses, especially those that operate on a 24/7 basis. For facilities managing hundreds of thousands of square feet, the economic benefits of energy efficiency are substantial and justify the investment in upgrading to modern lighting solutions.
Additionally, environmental concerns are also shaping the direction of the warehouse lighting industry. With climate change and environmental sustainability gaining attention, companies across all industries set ambitious goals to reduce their environmental impact. Often operating in large, high-energy-consuming facilities, warehouses are under pressure to adopt green practices. Energy-efficient lighting systems can drastically reduce greenhouse gas emissions and energy waste, making them essential to any sustainability initiative.
Across North America, the landscape for energy-efficient warehouse lighting is shaped by regulatory support, environmental initiatives, and rising energy costs, collectively creating a favorable market environment. The demand for energy-efficient warehouse lighting systems in the United States is rapidly increasing, spurred by regulatory initiatives, corporate sustainability goals, and technological advancements. The U.S. government's focus on reducing carbon emissions has led to energy efficiency mandates across various states, and incentives such as tax credits encourage businesses to adopt LED and smart lighting technologies in warehouses.
Based on Application, the market is segmented into Industrial, Commercial, and Other Application. Based on Type, the market is segmented into Light Emitting Diodes (LED), Linear Fluorescent Lamps (LFL), High-Intensity Discharge Lamps (HID), and Other Type. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ams-OSRAM AG
- Nichia Corporation
- Acuity Brands, Inc.
- Signify N.V.
- Koninklijke Philips N.V.
- Schneider Electric SE
- Legrand S.A. (Legrand Group)
- Honeywell International, Inc.
- Cree Lighting (Ideal Industries, Inc.)
- Eaton Corporation plc
North America Energy Efficient Warehouse Lighting System Market Report Segmentation
By Application
- Industrial
- Commercial
- Other Application
By Type
- Light Emitting Diodes (LED)
- Linear Fluorescent Lamps (LFL)
- High-Intensity Discharge Lamps (HID)
- Other Type
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Energy Efficient Warehouse Lighting System Market, by Application
- 1.4.2 North America Energy Efficient Warehouse Lighting System Market, by Type
- 1.4.3 North America Energy Efficient Warehouse Lighting System Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. North America Energy Efficient Warehouse Lighting System Market by Application
- 5.1 North America Industrial Market by Country
- 5.2 North America Commercial Market by Country
- 5.3 North America Other Application Market by Country
Chapter 6. North America Energy Efficient Warehouse Lighting System Market by Type
- 6.1 North America Light Emitting Diodes (LED) Market by Country
- 6.2 North America Linear Fluorescent Lamps (LFL) Market by Country
- 6.3 North America High-Intensity Discharge Lamps (HID) Market by Country
- 6.4 North America Other Type Market by Country
Chapter 7. North America Energy Efficient Warehouse Lighting System Market by Country
- 7.1 US Energy Efficient Warehouse Lighting System Market
- 7.1.1 US Energy Efficient Warehouse Lighting System Market by Application
- 7.1.2 US Energy Efficient Warehouse Lighting System Market by Type
- 7.2 Canada Energy Efficient Warehouse Lighting System Market
- 7.2.1 Canada Energy Efficient Warehouse Lighting System Market by Application
- 7.2.2 Canada Energy Efficient Warehouse Lighting System Market by Type
- 7.3 Mexico Energy Efficient Warehouse Lighting System Market
- 7.3.1 Mexico Energy Efficient Warehouse Lighting System Market by Application
- 7.3.2 Mexico Energy Efficient Warehouse Lighting System Market by Type
- 7.4 Rest of North America Energy Efficient Warehouse Lighting System Market
- 7.4.1 Rest of North America Energy Efficient Warehouse Lighting System Market by Application
- 7.4.2 Rest of North America Energy Efficient Warehouse Lighting System Market by Type
Chapter 8. Company Profiles
- 8.1 ams-OSRAM AG
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
- 8.2 Nichia Corporation
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 Acuity Brands, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Signify N.V.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Koninklijke Philips N.V.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 SWOT Analysis
- 8.6 Schneider Electric SE
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 SWOT Analysis
- 8.7 Legrand S.A. (Legrand Group)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 SWOT Analysis
- 8.8 Honeywell International, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 SWOT Analysis
- 8.9 Cree Lighting (Ideal Industries, Inc.)
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. Eaton Corporation PLC
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Energy Efficient Warehouse Lighting System Market, 2020 - 2023, USD Million
- TABLE 2 North America Energy Efficient Warehouse Lighting System Market, 2024 - 2031, USD Million
- TABLE 3 North America Energy Efficient Warehouse Lighting System Market by Application, 2020 - 2023, USD Million
- TABLE 4 North America Energy Efficient Warehouse Lighting System Market by Application, 2024 - 2031, USD Million
- TABLE 5 North America Industrial Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Industrial Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Commercial Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Commercial Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Other Application Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Other Application Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Energy Efficient Warehouse Lighting System Market by Type, 2020 - 2023, USD Million
- TABLE 12 North America Energy Efficient Warehouse Lighting System Market by Type, 2024 - 2031, USD Million
- TABLE 13 North America Light Emitting Diodes (LED) Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Light Emitting Diodes (LED) Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Linear Fluorescent Lamps (LFL) Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Linear Fluorescent Lamps (LFL) Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America High-Intensity Discharge Lamps (HID) Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America High-Intensity Discharge Lamps (HID) Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Other Type Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Other Type Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Energy Efficient Warehouse Lighting System Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Energy Efficient Warehouse Lighting System Market by Country, 2024 - 2031, USD Million
- TABLE 23 US Energy Efficient Warehouse Lighting System Market, 2020 - 2023, USD Million
- TABLE 24 US Energy Efficient Warehouse Lighting System Market, 2024 - 2031, USD Million
- TABLE 25 US Energy Efficient Warehouse Lighting System Market by Application, 2020 - 2023, USD Million
- TABLE 26 US Energy Efficient Warehouse Lighting System Market by Application, 2024 - 2031, USD Million
- TABLE 27 US Energy Efficient Warehouse Lighting System Market by Type, 2020 - 2023, USD Million
- TABLE 28 US Energy Efficient Warehouse Lighting System Market by Type, 2024 - 2031, USD Million
- TABLE 29 Canada Energy Efficient Warehouse Lighting System Market, 2020 - 2023, USD Million
- TABLE 30 Canada Energy Efficient Warehouse Lighting System Market, 2024 - 2031, USD Million
- TABLE 31 Canada Energy Efficient Warehouse Lighting System Market by Application, 2020 - 2023, USD Million
- TABLE 32 Canada Energy Efficient Warehouse Lighting System Market by Application, 2024 - 2031, USD Million
- TABLE 33 Canada Energy Efficient Warehouse Lighting System Market by Type, 2020 - 2023, USD Million
- TABLE 34 Canada Energy Efficient Warehouse Lighting System Market by Type, 2024 - 2031, USD Million
- TABLE 35 Mexico Energy Efficient Warehouse Lighting System Market, 2020 - 2023, USD Million
- TABLE 36 Mexico Energy Efficient Warehouse Lighting System Market, 2024 - 2031, USD Million
- TABLE 37 Mexico Energy Efficient Warehouse Lighting System Market by Application, 2020 - 2023, USD Million
- TABLE 38 Mexico Energy Efficient Warehouse Lighting System Market by Application, 2024 - 2031, USD Million
- TABLE 39 Mexico Energy Efficient Warehouse Lighting System Market by Type, 2020 - 2023, USD Million
- TABLE 40 Mexico Energy Efficient Warehouse Lighting System Market by Type, 2024 - 2031, USD Million
- TABLE 41 Rest of North America Energy Efficient Warehouse Lighting System Market, 2020 - 2023, USD Million
- TABLE 42 Rest of North America Energy Efficient Warehouse Lighting System Market, 2024 - 2031, USD Million
- TABLE 43 Rest of North America Energy Efficient Warehouse Lighting System Market by Application, 2020 - 2023, USD Million
- TABLE 44 Rest of North America Energy Efficient Warehouse Lighting System Market by Application, 2024 - 2031, USD Million
- TABLE 45 Rest of North America Energy Efficient Warehouse Lighting System Market by Type, 2020 - 2023, USD Million
- TABLE 46 Rest of North America Energy Efficient Warehouse Lighting System Market by Type, 2024 - 2031, USD Million
- TABLE 47 Key Information - ams-OSRAM AG
- TABLE 48 key information - Nichia Corporation
- TABLE 49 Key Information - Acuity brands, Inc.
- TABLE 50 Key Information - Signify N.V.
- TABLE 51 Key Information - Koninklijke Philips N.V.
- TABLE 52 Key Information - Schneider Electric SE
- TABLE 53 key Information - Legrand S.A.
- TABLE 54 Key Information - Honeywell International, Inc.
- TABLE 55 Key Information -Cree Lighting
- TABLE 56 Key Information - Eaton Corporation PLC
