Cabinet LED lighting is a small and inconspicuous light source that is virtually invisible and can be easily installed. Government initiatives toward sustainable green energy, such as net zero emission by 2050 and 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, the above-mentioned energy efficiency initiatives is positively impacting cabinet LED lighting market. The rising adoption of LED lighting in kitchen cabinets and cupboards and the growing number of new homes would create lucrative opportunities for the key players in the North American cabinet LED lighting market during the forecast period. Cabinet LED lights require a constant electricity supply at the correct low voltage that necessitates the installation of the appropriate electronic drivers to prevent the bulbs from failing or overheating, which may restrain the market growth.
Hafele America Co., Acuity Brands Lighting LLC, Kichler, WAC Lighting, and SGi Lighting – Prominent Market Participants in North America cabinet LED lighting Market
Hafele America Co., Acuity Brands Lighting LLC, Kichler, WAC Lighting, and SGi Lighting are some of the key market players operating in the North America cabinet LED lighting market. The listing of key players is derived by considering multiple factors such as overall revenue, current North America cabinet LED lighting product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the North America cabinet LED lighting ecosystems which were studies analyzed during this market research study, such as GM Lighting; Savant System Inc; Black+Decker Inc; RAB Design Lighting; and Phantom Lighting Systems.
Most of the market initiatives were observed in North America region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | Development | Region |
| 2019 | Acuity Brands, Inc. has formed a strategic partnership with CIRCADIAN ZircLight, Inc. The partnership includes licensing of intellectual property and collaboration intended to accelerate commercialization for ZircLight, Inc. through Acuity Brands’ portfolio of indoor luminaires. | North America |
| 2020 | Häfele America has launched Loox5 an LED lighting system which is easier to install and infinitely smarter than the system it replaces. Loox5 features a significant increase in performance as well as an updated range of new, in-demand linear lighting options for designers, woodworkers, and architects. | North America |
