Research

CSIL: U.S. Luminaire Market $12.9 Billion in 2016

CSIL recently published the 2017 edition of its report, The Lighting Fixtures Market in the United States.

Running about 200 pages, the report covers market size and trend, international trade, distribution channels and reference prices, market segmentation and product characteristics, financial key indicators, sales data, short profiles and market shares of the major local and international players.

Excerpt:

“In 2016, the US production of lighting fixtures amounted to USD 12.9 billion. In 2015, it overcame the pre-crisis level and in 2016 continued its positive trend (+11.6% on the previous year). More specifically, the production of residential lighting remained stable, ending the negative trend that characterized the previous years; while the production of professional luminaires kept on growing at high rates. On the other hand, international trade faced a setback as both imports and exports contracted by respectively 9% and 8%. The value of domestic market in 2016 is estimated to be USD 20.3 billion, with a 3% increase compared to 2015. Even if positive, the growth registered in 2016 is much lower than the rates characterizing the previous years. Such a slowdown can be explained partly by the contraction of international trade and partly because of a softness in market demand that began in the second half of 2016. Such a weakness in internal demand is expected to continue in 2017, for which CSIL estimates an even slower growth (+2%). The market is expected to pick up in 2018 (+3.5%) and further improve in 2019 and 2020 (+4% each). The LED-based segment reached 51.4% of the total market in 2016; it has been growing especially for the outdoor lighting applications, where today it accounts for around 70% (10 percentage points more than the year before). Overall, in 2016, the growth rate of LED fixtures consumption was 26%.”

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author avatar
Craig DiLouie

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