Technological advancements and rising environmental concerns have increased the need for energy-efficient lighting products in industrial, commercial, and residential applications in the United States (US). Consequently, leading players operating in the US LED light market are focusing on the introduction of innovative smart LED lighting solutions that significantly reduce energy consumption. Besides this, they are also increasing marketing initiatives through digital advertising media to expand their overall market share. According to the IMARC Group, the US LED lighting market size is projected to grow during the next five years (2020-2025).
Acuity Brands Inc.
Headquarters: Georgia, United States
Acuity Brands, Inc. provides lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout the North American region. The company’s product portfolio comprises indoor and outdoor lighting and building management solutions, lighting products utilizing fluorescent, light-emitting diode (LED), organic LED (OLED), high-intensity discharge, metal halide, and incandescent light sources.
Headquarters: North Caroline, United States
Cree Inc. designs, manufactures and sells lighting systems for indoor and outdoor applications, focusing on LED lighting systems for the commercial, industrial and consumer markets. The company operates in two segments, which include LED Products and Power and RF Products. The LED Products segment covers LED components, LED chips and silicon carbide (SiC) materials. The Power and RF Products segment offers power devices and RF devices.
GE Lighting [Consumer Lighting (U.S.) LLC]
Headquarters: Ohio, United States
GE Lighting offers products for commercial and residential purposes. The company provides light bulbs for general, decorative, track and recessed, fluorescent, outdoor, and automotive applications. Moreover, it provides home and security products, such as lanterns, touch lights, lighting fixtures, under-cabinet fixtures, nightlights, switch plates, timers and cords, computer and electronic accessories, remote control lighting, security devices, wireless convenience products, time and temperature products, and LED luminaires.
Also read: Global LED Lighting Market Growth Spurred by Rising Demand for Energy-Efficient Lighting Solutions
Eaton Corporation PLC
Headquarters: Dublin, Ireland
Eaton Corporation PLC is one of the leading power management companies that help customers manage electrical, hydraulic and mechanical power. The company operates in Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle segments.
Headquarters: Connecticut, United States
Hubbell Incorporated designs, manufactures and distributes electrical and electronic products for industrial, utility, and non-residential and residential construction applications. The company operates in Electrical and Power segments. The Electrical segment comprises businesses that sell stock and custom products, including standard and special application wiring device products, lighting fixtures and controls, rough-in electrical products, connector and grounding products, components and assemblies for the natural gas distribution market, and other electrical equipment. The Power segment comprises operations that design and manufactures various distribution, transmission, substation and telecommunications products primarily used by the electrical utility industry.
Feit Electric Company, Inc.
Headquarters: California, United States
Feit Electric Company, Inc. manufactures residential lighting fixtures. The company provides lamps, flashlights, halogen, bulbs, and other related services to customers in the United States.
OSRAM Licht AG
Headquarters: Munich, Germany
Osram Licht AG manufactures and sells lamps, light-emitting diodes (LEDs), light engines, lighting management systems, specialty lighting, indoor and outdoor LED luminaires, dimmers, and other related lighting products worldwide.
Philips Lighting (Signify Netherlands B.V.)
Philips Lighting is one of the world’s most trusted lighting brands that offer lamps, luminaires, and other lighting products for both professionals and consumers.
Samsung Electronics Co. Ltd.
Headquarters: Suwon-si, South Korea
Samsung Electronics Co Ltd. is primarily engaged in the production and distribution of electronic products. It operates through four segments, which include Information Technology & Mobile Communications (IM), The Device Solutions (DS), Consumer Electronics (CE) and Harman. The IM segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment offers semiconductor and display parts, such as flashes, dynamic random-access memories (DRAMs), thin-film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment produces monitors, printers, color televisions (CTVs), air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures head units, infotainment, telematics, speaker, among others.
Headquarters: Fremont, United States
Bridgelux, Inc. designs, develops and manufactures energy-efficient light-emitting diode (LED) based lighting technologies. The company provides high power LED arrays and LED chip products in cool, neutral, and warm-white lighting solutions. Apart from this, it also offers outdoor lighting modules, chip-on-board (COB) LED array products, solid-state lighting solutions, and LED chips.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the US LED light market, which has enabled the clients to set up and expand their businesses successfully.