The global LED lighting market size reached US$ 68.8 Billion in 2021. A light-emitting diode (LED) refers to a semiconductor device that generates non-coherent and narrow-spectrum light when an electric current passes through it. It is compact in size, durable, and consumes 90% less energy than conventional incandescent or fluorescent bulbs. Apart from this, it is environmentally friendly as it generates less heat and radiation. Owing to these properties, LED lighting systems are widely installed in residential buildings, retail centers, hospitals, and educational institutions across the United States.
As per the analysis by IMARC Group, the top LED lighting companies operating in the United States are introducing innovative smart LED lighting solutions that significantly reduce energy consumption. This can be attributed to the rising environmental concerns and the escalating demand for energy-efficient lighting products for industrial, commercial, and residential applications. Besides this, several leading players are collaborating to introduce innovative products and strengthen their foothold in the market. For instance, Signify NV and Honeywell International Inc. entered into a partnership in December 2020 to introduce integrated, intelligent lighting solutions for commercial buildings. Looking forward, IMARC Group expects the LED market value to reach US$ 121.2 Billion by 2027, exhibiting a CAGR of 10% during the forecast period (2022-2027).
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Headquarters: Georgia, United States
Acuity Brands, Inc. is lighting and building management company that provides lighting solutions for commercial, institutional, industrial, infrastructural and residential applications throughout the North American region. The company offers various products and solutions through its two business segments, Acuity Brands Lighting and Controls (ABL) and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions and lighting controls and components for various indoor and outdoor applications to electrical distributors, retail home improvement centers, electric utilities, national accounts, digital retailers, lighting showrooms, and energy service companies. Whereas, the ISG segment offers to build management systems and location-aware applications to system integrators, retail stores, airports, and enterprises.
Headquarters: Ohio, United States
GE Lighting offers products for commercial and residential purposes. The company provides light bulbs for general, track, and recessed fluorescent, outdoor, decorative, and automotive applications. Moreover, it provides home and security products, such as touch lights, lanterns, lighting fixtures, computer and electronic accessories, security devices, remote control lighting, wireless convenience products, and LED luminaires. GE Lighting is well-known for pioneering major lighting innovations, such as incandescent bulbs, industry-first LED and smart solutions, and the world’s first voice-embedded lighting product. However, in May 2020, Savant System Inc. announced the acquisition of GE Lighting to expand the market reach of both companies.
Headquarters: North Caroline, United States
Cree Inc. designs manufacture and markets lighting systems for indoor and outdoor applications to commercial, industrial, and consumer markets. The company operates in two segments, including 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. At present, Cree markets its LED products to various equipment manufacturers in the United States, Malaysia, Japan, and Europe.
Headquarters: Dublin, Ireland
Eaton Corporation PLC is one of the leading power management companies that help customers manage electrical, hydraulic, and mechanical power. It primarily operates in Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, and Vehicle segments. The company employs around 85,000 employees serving customers in more than 175 countries. At present, Eaton is working toward accelerating its transition to renewable energy and solving the power management challenges.
Headquarters: Connecticut, United States
Hubbell Incorporated manufactures and distributes electrical and electronic products for utility, industrial, non-residential, and residential construction applications. It operates in two segments, namely, the Electrical and Power segments. The electrical segment offers stock and custom products, including lighting fixtures and controls, standard and special application wiring device products, rough-in electrical products, components and assemblies for the natural gas distribution market, connector and grounding products, and other electrical appliances equipment. The power segment comprises operations that design and manufactures transmission, distribution, substation, and telecommunications products.
Headquarters: California, United States
Feit Electric Company, Inc. manufactures residential lighting fixtures. It provides lamps, flashlights, halogen, bulbs, and other services to customers in the United States. Since its establishment, Feit has been one of the most innovative light bulb companies in the world. It has also revolutionized the compact fluorescent lamp (CFL) market with innovations such as ultra mini-covered lamps, mini twists, ICAT (Insulated Ceiling Airtight) approved recessed reflectors and weatherproof floodlights. Currently, the company is advancing its LED product portfolio with new dimmable performance LEDs and accent LEDs.
Headquarters: Munich, Germany
Osram Licht AG manufactures and sells light-emitting diodes (LEDs), lamps, indoor and outdoor LED luminaires, lighting management systems, specialty lighting, light engines, dimmers, and other lighting-related products worldwide. In July 2020, ams (SIX: AMS), a leading worldwide supplier of high-performance sensor solutions, acquired OSRAM Licht to introduce innovations in optical technology. Since then, the brand has been operating under the name amsOsram.
Formerly known as Philips Lighting, Signify NV is one of the world’s most trusted lighting brands that offer lamps, luminaires, and other lighting products. With operations in more than 70 countries and 32,000 employees worldwide, Signify is making LED lighting innovations and leading the industry’s expansion in both the professional and consumer markets. The company operates through Digital Solutions, Digital Products, and Conventional Products segments and offers light-emitting diode (LED), conventional luminaires, intensity discharge lamps, TL, compact fluorescent, halogen, incandescent, electronic ballast and drivers, and specialty lighting products and services to offices, commercial buildings, shops, hospitality, industry, agriculture, and outdoor environments.
Headquarters: Suwon-si, South Korea
Samsung Electronics Co Ltd. is primarily engaged in producing and distributing electronic products. The company’s diverse product portfolio includes computers, network systems, handhold phones (HHPs), digital cameras and semiconductor and display parts, printers, refrigerators, color televisions (CTVs), monitors, air conditioners, laundry machines, and others. It also delivers a product line that comprises core components for LED lighting systems, such as modules, that are used in displays, mobile devices, automotive, and smart lighting solutions. It was the first manufacturer to start mass production of CSP-applied display LEDs and mobile flash. These CSPs are widely being utilized in television and mobile phones across the globe.
Headquarters: Fremont, United States
Bridgelux, Inc. designs, develops, and manufactures energy-efficient light-emitting diode (LED) based lighting technologies. It provides high-power LED arrays and LED chip products in cool, neutral, and warm-white lighting solutions. The company also offers outdoor lighting modules, chip-on-board (COB) LED array products, solid-state lighting solutions, and LED chips. Bridgelux is currently supporting global clean energy initiatives by reducing energy consumption, developing future-generation products, and offering environment-friendly solutions.
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 LED light market and regional North America, Europe, Philippines, East Africa, GCC, Egypt, Vietnam, Saudi Arabia, India, UAE, Japan, Rusia, Brazil, China, Thailand, Indonesia, which has enabled the clients to set up and expand their businesses successfully.
134 N 4th St. Brooklyn, NY 11249, USA
Level II & III, B-70, Sector 2, Noida, Uttar Pradesh 201301, India
30 Churchill Place London E14 5EU, UK
134 N 4th St. Brooklyn, NY 11249, USA
Level III, B-7 , Sector 2, Noida, Uttar Pradesh 201301, India
30 Churchill Place London E14 5EU, UK