As the global LED market continues to grow, the world’s top LED lighting manufacturers are still dominating the market. Over the recent decades, LED lights have been rapidly replacing incandescent and fluorescent light sources, due to the fact that LEDs can produce light by consuming much less energy and with less environmental damage. LED bulbs and lamps also have a longer lifetime than incandescent lights. Moreover, the efficiency of LED lighting fixtures does not depend on shape and size, unlike fluorescent lights. LEDs are small and robust, which makes them perfect for applications such as aviation lighting, advertising, general lighting, automotive headlights, traffic signals, and medical devices. LEDs are also increasingly being used for the illumination of architecture and art pieces.
The global LED market is expected to grow by almost USD 24 billion by 2022. To find out more about the latest LED lighting market size, top LED lighting manufacturers, and the factors driving the growth of the market check out Technavio’s industry report on the Global LED Market 2020-2024, or download your free Global LED Market Report Sample now!
LED Lighting Market Outlook
The manufacturing and installation costs of LED light fixtures are decreasing. This is resulting in higher adoption of LED lighting systems by end user industries. Top LED lighting companies in the world are investing in the research and development of LED manufacturing technologies that will enable them to produce highly efficient and eco-friendly products for their customers. In North America alone, the LED lighting market is expected to register incremental growth of close to USD 7 billion by 2022. The market is expected to grow at a CAGR of about 12% between 2018 and 2022.
Technavio’s LED Lighting Market in North America 2018-2022 market research report provides an in-depth analysis of the competitive landscape and the market share of LED lighting companies in North America.
Technavio has been closely monitoring the latest LED lighting market trends to create an in-depth portfolio of LED market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Take a look at Technavio’s LED Lighting Market Research Library and download your free sample report today.
Top 10 Largest LED Lighting Manufacturers in the World and Their Key LED Products
Acuity Brands
Founded: 2001
Headquarters: Atlanta, GA, United States
Website: www.acuitybrands.com
Revenue: USD 3.29 billion (FY 2016)
Acuity Brands is one of the leading LED lighting manufacturers in the world, specializing in lighting, controls, and daylighting systems in the world. It offers a wide range of indoor and outdoor lighting solutions suitable for every application and environment. The company’s diverse portfolio of lighting products caters to several industries including education, commercial offices, healthcare, hospitality, government, industrial, retail, residential, transportation, roadway, bridges, tunnels, sewer, and dams. The company is focusing on developing new technologically advanced products such as solid-state LED lighting integrated with digital controls, organic LED lighting (OLED), and variety of LED-based lamps. The digital lighting systems manufactured by this company come equipped with eldoLED driver technology, which provides superior system performance, innovative features, and a wide range of power levels.
Key Products: Aculux, Juno, Holophane, Indy, Hydrel, and Peerless
Cree
Founded: 1987
Headquarters: North Carolina, United States
Website: www.cree.com
Revenue: USD 1.47 billion (FY 2017)
Cree is one of the largest LED lighting companies producing lighting class LEDs and semiconductor products for power and radio frequency (RF) applications. Cree LED chips combine InGaN materials with its proprietary SiC substrates to deliver superior performance and high endurance for semiconductor devices and high intensity LEDs, which operate at high temperatures and voltages. Cree LEDs are used in various applications such as indoor and outdoor general illumination, intelligent lighting, EVs/HEVs, and electronic signs. Cree smart lighting uses the SmartCast Intelligence Platform, a lighting control system that combines intelligent luminaries with the Internet of Things (IoT) and innovative apps and provides businesses with sensor-rich lighting networks and data driven insights.
Key Products: C-Lite series, KR Series, and ESA Series
Eaton
Founded: 1911
Headquarters: Dublin, Republic of Ireland
Website: www.eaton.com
Eaton’s lighting division delivers a broad range of innovative and reliable indoor and outdoor lighting and control solutions. These lighting systems finds use in applications such as commercial, industrial, retail, institutional, utility, and residential applications. The company is leveraging the latest technologies to help businesses and communities improve efficiency, reduce costs, and protect the environment. The company offers a diverse line of connected systems such as ConnectWorks Connected Lighting System, DALI Lighting Control, Halo Home, ILumin Plus, LumaWatt Pro Wireless Connected Lighting System, and WaveLinx Wireless Connected Lighting System.
Key Products: All-Pro Outdoor, Ametrix, Corelite, Halo Commercial, Invue, and Neo-Ray
GE Lighting
Founded: 1911
Headquarters: East Cleveland, Ohio, USA
Website: www.gelighting.com
Revenue: USD 1.99 billion (FY 2017)
As one of the world’s largest LED lighting manufacturers, the lighting division of General Electric specializes in creating optimal lighting solutions for homes. GE LED light bulbs are known for their high energy savings and durability. C by GE is a line of smart lighting products with the functions, features and voice control of Amazon Alexa. These smart lamps have features such as visual timers and sleep/wake cycle support and can be controlled by voice.
Key Products: GE LED, GE reveal HD+, GE relax HD, GE refresh HD, C-Sleep by GE, and C Sol by GE
Philips Lighting/Signify
Founded: 1891
Headquarters: Eindhoven, The Netherlands
Website: www.lighting.philips.com
Revenue: USD 8.1 billion (FY 2017)
Philips has long been one of the world’s most recognized LED lighting manufacturers. Philips Lighting has been officially known as Signify since May 2018. However, it can use the brand name “Philips” for its products until 2030. When Philips was founded in 1891, its plan was to provide cost-effective and reliable electric incandescent light bulbs for everyone. For over 120 years, Philips Lighting has been innovating to make people’s lives more comfortable and productive by offering high-quality lighting solutions for public places, professional spaces, and homes. By using a combination of patented technologies, Philips lighting systems can connect seamlessly with other digital devices, thereby benefiting the customer and the environment. Philips Hue is a wireless lighting system by which one can control the lights and create the right ambiance for any moment. This connected lighting system works with a range of different smart devices and can connect with Amazon Echo, Google Home, and Apple Homekit.
Key Products: Philips Hue, Philips LED Bulbs, Philips LED Tubes, and Philips LED Spots
Find out Philips’ market share in the global LED Lighting market
Osram
Founded: 1919
Headquarters: Munich, Germany
Website: www.osram.com
Revenue: USD 4.9 billion (FY 2017)
Osram Opto Semiconductors is a subsidiary of Osram and specializes in the design and manufacturing of opto-semiconductor products including LEDs. The company uses its extensive technological knowledge to produce high-quality products in the field of LED lighting, visualization, and sensor technology. Osram LED general lighting is used in variety of applications including indoor, outdoor, horticulture, and human-centric lighting. Osram’s human-centric lighting products helps in creating lighting that replicates natural daylight, thereby enhancing a person’s performance, comfort, health, and wellbeing. The company also offers digital lighting systems that help customers deliver smart building and IoT projects.
Key Products: Osconiq, Duris, Soleriq, Firefly, Synios, and Topled
Nichia Corporation
Founded: 1956
Headquarters: Anan, Japan
Website: www.nichia.com
Revenue: USD 2.42 billion (FY 2016)
Nichia is one of the world’s top LED lighting manufacturers in terms of revenue generated from the sales of LED packages. It designs and manufactures LEDs for displays, LCD backlighting, automotive, and general lighting purposes. The world’s first white LED was developed by this company by combining yellow phosphor and blue LED. The company also produces a UV-LED, which is used in applications that require rigorous quality checks such as high-precision curing, ink curing, bill checking, counterfeit detection, and lithography. Nichia LED packages are characterized by high efficiency, flexible cluster configurations, and high luminous flux density. Nichia standard LED has uniform spatial distribution, excellent temperature stability, and lighting reproducibility, and is developed in collaboration with Advanced Industrial Science and Technology (AIST).
Key Products: 585 Series, 757G-V3 Series, High Power series, COB Series, 3 in 1 Series, and Optisolis.
Seoul Semiconductor
Founded: 1992
Headquarters: Ansan, South Korea
Website: www.seoulsemicon.com
Revenue: USD 1.04 billion (FY 2017)
Seoul Semiconductor has more than 12,000 patents related to LED lighting, including EPI, packaging, optics, and modules. The company has invested in research and development for the last two decades to develop package-free LED technology, “WICOP,” and AC driven LED technology, “Acrich.” The company’s SunLike LED technology replicates sunlight by replacing the blue LED light source with a purple light LED chip. The company strives to provide its customers with safe and environmentally friendly products by strictly inspecting and managing all parts and raw materials used in its products.
Key Products: WICOP Series, 4040 Series, Acrich Modules, SunLike, Filament COB, and DC Modules
To learn about the major drivers and trends responsible for the growth of the LED industry, request a FREE sample of our market research report on the Global LED Market 2020-2024
Zumtobel Group
Founded: 1950
Headquarters: Dornbirn, Austria
Website: www.zumtobel.com
Revenue: USD 1.51 billion (FY 2017)
Zumtobel Group manufactures professional indoor and outdoor lighting products, lighting management systems, and lighting components for various applications including offices and communication, education and science, presentation and retail, hotel and wellness, art and culture, industry and engineering, and outdoor and architecture. Zumtobel’s AMPHIBIA line of lighting products is suitable for industrial applications where dust, moisture, chemicals, and mechanical stress pose a constant threat to lighting quality. The OPTOS range of LEDs combines recessed light source and carefully engineered lens optics to provide discreet and high-quality aesthetic architectural illumination.
Key Products: Arcos, Diamo, Intro, Panos, Amphibia, and Optos
Everlight Electronics
Founded: 1983
Headquarters: New Taipei City, Taiwan
Website: www.everlight.com
Known as one of the world’s largest LED lighting manufacturers, Everlight offers a wide range of products including high-power LEDs, SMD LEDs, lamps, lighting components, LED lighting modules, digital displays, opto-couplers, and infrared components for various applications. The street lighting products produced by this company have high brightness and over 80 CRI, thereby creating a comfortable environment. Everlight LED bulbs, tubes and candles act as omni-directional lighting sources and are mostly used in indoor applications. The company’s horticulture LEDs can replicate sunlight and can be fine-tuned according to the specific needs of the customer.
Key Products: COB Series, Horticulture LED, UVA Series, Flash LED, and LED Lamps
Read more: Illuminating the LED Lighting Market in China
LED Lighting Industry Trends: The Future of LED Lighting Manufacturers
Since the inception of smart homes, there has been a growing demand for intelligent LED lighting systems that can be connected with other electronic devices and controlled remotely. LED lighting companies are integrating the IoT with their LED lighting solutions to collect data and record movement patterns. By analyzing this data, the lighting systems can automatically switch off or lower their intensity, thereby achieving high power savings. Users can also set lighting schedules and control the brightness and color temperature of the LED lights with the help of these smart systems.
Many of the world’s leading LED manufacturing companies are also offering human-centric lighting solutions. Research has shown that our energy level, mood, and sense of alertness or sleepiness are controlled by a circadian rhythm that is regulated by the brain based on light signals from the environment. Human-centric lighting adapts its light color and intensity throughout the course of the day to create a circadian-friendly lighting sequence, improving a person’s mood and increasing their productivity.
For more market intelligence in the global LED market, check this following report:
