Lighting Equipment Manufacturers NAICS 3351
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Industry Summary
The 946 lighting equipment manufacturers in the US produce bulbs, lighting elements, lighting fixtures, and related parts and components. Major revenue categories include commercial, industrial, and institutional lighting fixtures; miscellaneous lighting equipment; residential lighting fixtures, and electric lamp bulbs and parts. Firms may also produce devices or systems that monitor and manage light systems.
Evolving Technology And Obsolescence
The development of each new generation of lighting technology creates the risk of product obsolescence and rapidly falling prices.
Competition From Imports
Domestic lighting equipment manufacturers face stiff competition from imported products, which account for a sizable percentage of the US market.
Recent Developments
Sep 29, 2025 - Fed Rate Cuts Could Boost Home Improvement Demand
- Industry observers suggest that lower interest rates and record homeowner equity could spur a rebound in remodeling spending. The Federal Reserve cut its benchmark overnight interest rate from 4.25% to 4.0% on September 18 amid a tepid labor market, and the central bank is expected to announce more cuts before the end of the year, according to Reuters. Lighting manufacturers could see an uptick in demand if lower interest rates for home equity lines of credit and mortgages, key channels for home-improvement financing, prompt homeowners to move ahead with projects. In its second-quarter report to investors, Home Depot said some customers hesitated to move forward with big-ticket improvements.
- The 2025 construction outlook signals cautious optimism amid selective growth and macroeconomic headwinds, according to construction software and data firm ConstructConnect. Nonresidential building starts are projected to rise 4.1% over 2024, driven by resilient megaprojects in manufacturing (+38.1%), data centers (+17.3%), and transportation terminals (+ 153.3%), though this momentum may fade by 2026 as planning slows. Institutional construction faces a 6.9% decline, with sharp contractions in prisons and healthcare facilities.
- New single-family home sales rose 20.5% month-over-month and 15.4% year-over-year in August 2025, according to the US Census Bureau. August’s total new home sales reached 800,000 units, the highest number since January 2022. However, some economists told Reuters that August new home sales numbers are probably inflated and may be revised downward later this year. Other housing bellwether metrics, including builder sentiment and job growth, don’t suggest a sudden surge in new home sales. However, falling interest rates could revitalize the sluggish housing market. The Federal Reserve cut its benchmark overnight interest rate from 4.25% to 4.0% on September 18 amid a tepid labor market, and the central bank is expected to announce more cuts before the end of the year.
- A budget reconciliation law signed by President Trump in July includes provisions that will prompt an early sunset of tax credits for several types of residential energy efficiency improvements. The Biden-era Inflation Reduction Act (IRA) incentivized homeowners to make energy efficiency upgrades, including purchasing energy-efficient lighting. The tax credits and rebates were set to be in place for 10 years, but the budget reconciliation law of 2025 ends the tax credits at the end of this year. The IRA also made permanent 179D tax deductions for energy efficiency upgrades for commercial buildings, including lighting. The new law eliminates 179D tax deductions effective June 30, 2026.
Industry Revenue
Lighting Equipment Manufacturers
Industry Structure
Industry size & Structure
The average lighting equipment manufacturer operates out of a single location, employs 36 workers, and generates $15.6 million annually.
- The lighting equipment manufacturing industry consists of about 946 firms that employ 34,500 workers and generate $14.8 billion annually.
- The industry is concentrated; the top 50 companies account for 71% of industry revenue. The electric lamp bulb and part manufacturing sector is highly concentrated; the top 50 companies account for 86% of sector revenue.
- The commercial, industrial, and institutional lighting manufacturing sector accounts for 43% of companies and 41% of industry revenue. The residential electric lighting fixture manufacturing sector accounts for 25% of companies and 16% of revenue. The miscellaneous lighting equipment manufacturing sector accounts for 26% of companies and 34% of industry revenue. The electric lamp bulb and part manufacturing sector accounts for 6% of companies and 9% of industry revenue.
- Large companies and divisions of companies with lighting equipment operations include Acuity Brands, GE Lighting (Savant), Eaton, OSRAM Sylvania, and Signify.
Industry Forecast
Industry Forecast
Lighting Equipment Manufacturers Industry Growth
Source: Vertical IQ and Inforum
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