Lighting Equipment Manufacturers
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 950 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.
Industry size & Structure
The average lighting equipment manufacturer operates out of a single location, employs 40 workers, and generates $14 million annually.
- The lighting equipment manufacturing industry consists of about 950 firms that employ 38,000 workers and generate $13.7 billion annually.
- The industry is concentrated; the top 50 companies account for nearly 68% of industry revenue. The electric lamp bulb and part manufacturing sector is highly concentrated; the top 20 companies account for 93% 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
Lighting Equipment Manufacturers Industry Growth
Recent Developments
Mar 31, 2025 - Lighting Manufacturers Brace for Tariffs
- The Trump administration’s tariff-based trade policies are prompting lighting manufacturers to reassess their production footprints, cope with reduced margins, increase prices, or all three, according to Inside Lighting. Lighting firms - including Acuity Brands, Signify, and Current - have long relied on factories in China and Mexico to keep costs down. Some firms have used the maquiladora model of bringing components from China to Mexico, assembling lighting products, and shipping them duty-free to the US. Tariffs are disrupting that business model. US-based firms may also see reduced demand as trading partners impose retaliatory levies on US goods, making US lighting equipment more expensive and less competitive. In response to US tariffs, Canada imposed a 25% tariff on $30 billion worth of US goods, including lighting products.
- The Dodge Momentum Index (DMI) increased by 0.7% in February 2025 to 225.6 (2000=100), up from the revised January reading of 223.9. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which has been shown to lead construction spending for nonresidential buildings by a full year. On a monthly basis, the commercial planning component improved by 3.3%, but institutional declined by 4.6%. Dodge’s associate director of forecasting, Sarah Martin, said, “Planning momentum moderated in February, after a few months of stronger growth. Data centers continue to prop up growth in the overall index. Without them, the DMI would have decreased by 2% this month. Increased uncertainty around material prices and fiscal policies may begin to weigh on planning decisions, but for the time being, planning activity is largely continuing to move forward.”
- Tariffs, deportations, and high interest rates are giving some homeowners second thoughts about new home improvement projects, according to the Financial Times. In January, pending home sales hit an all-time low, according to The National Association of Realtors. Pending home sales are an indicator of remodeling demand as homeowners often fix up homes before putting them on the market, and buyers make improvements before moving in. In a recent earnings call, Home Depot’s CEO said that while the US’s aging housing stock is supportive of home improvement spending, an uptick in 2025 isn’t a given. The Trump administration’s deportation activities may also contribute to workforce instability in the construction sector, which may give some homeowners pause about starting major improvement projects.
- Home builder confidence in the single-family market dropped in March 2025 amid mounting concerns about tariff threats, higher input costs, and economic uncertainty, according to the National Association of Home Builders (NAHB). Home builder sentiment, as measured by the NAHB/Wells Fargo Housing Market Index (HMI), dropped three points to 39 in March from 42 the previous month. Any HMI reading over 50 indicates that more builders see conditions as good than poor. While builders still face headwinds, including high materials costs being made worse by trade strife and labor and lot shortages, the industry is encouraged by the Trump administration’s emphasis on reducing regulations.
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