In spite of being highly fragmented and complex, the global lighting market is experiencing a number of technological advancements in response to population growth, scarcity of resources, and concerns regarding climate change. The three categories of the lighting market include automotive lighting, general lighting and backlighting. The general lighting segment generates the most revenue, followed by automotive lighting and backlighting, respectively.
The general lighting market is comprised primarily of lighting applications for residential, commercial, industrial, outdoor and architectural purposes. Along with traditional lighting like incandescent bulbs, halogens, compact fluorescent lamps (CFLs) and linear fluorescent lamps (LFLs), the market also includes light-emitting diodes (LED). According to analysts at Technavio, the global general lighting market will grow by almost $29 billion by 2022, and is expected to have a CAGR of 6%.
Top 12 Companies in the Global General Lighting Market
One of the best global providers of LED products, GE Lighting was founded in the year 2000 and is a division of General Electric. The company offers LED lamps, fixtures, sign lighting systems, rail signal lighting, architectural lighting etc. Consumer and professional lighting solutions are GE Lighting’s most sought after products.
Koninklijke Philips N.V.
Headquartered in Amsterdam, Philips products focus on the home, office, retail, hospitality, outdoor, entertainment, healthcare and automotive segments. The company has adopted the market segment approach to serve its customers and its wholly owned subsidiary Philips Lumileds Lighting is one of the leading vendors in the global general lighting market.
Japanese multinational company Panasonic is among the largest Japanese electronics producers. Founded in 1918, the company provides residential as well as commercial lighting solutions. The official worldwide Olympics partner in the video and audio equipment category, Panasonic has recently renewed its partnership with the International Olympic Committee for the 2016 Summer Olympic Games in Rio de Janeiro.
Based in Munich, Germany, OSRAM provides innovative and sustainable global lighting solutions. Having applications in the retail, medical, residential as well as commercial segments, OSRAM products include lamps, indoor LED luminaries as well as outdoor LED luminaries, along with light engines, light management systems and indoor electronic control gear for LED modules and dimmers.
A French multinational corporation, Schneider Electric (SE) is one of the leading electricity distribution, energy and automation management companies in the world. The four segments in which it operates are Buildings and Partner, Infrastructure, IT and Industry. The integrated energy management solutions provided by SE are used by residential & non-residential buildings, industry and machine manufacturers, as well as data center and network markets throughout the world.
Advanced Lighting Technology
Formed in 1995, Advanced Lighting Technology (ADLT) is a US based company. Manufacturers and innovators of energy efficient lighting materials and finished products, ADLT holds a low-cost producer status in the Lighting Group which helps it to come up with competitive pricing. The company provides energy efficient commercial lighting products, components and systems for customers across the globe.
Citizens Electronics is a Japan-based company which was established in 1970. The company is involved in development, manufacture and sales of electronic devices and applied products. It is a pioneer of COB type high voltage LED and some of its most sought after products are lighting LED, compact chip LED, high sensitivity optical sensor and tactile switch.
US based company Energy Focus focuses on the development of energy efficient lighting technology and is the leading provider of energy efficient LED lighting products. The company’s products include LED luminaries, LED tubes & retro fit kits, LED housing and military plus maritime LED.
A division of Cooper Industries, Cooper Lighting is a UK based company that manufactures a comprehensive range of mains and emergency lighting solutions for commercial and industrial applications. Mains lighting, emergency lighting, and central battery units are some of its major products.
The main focus of LG Innotek is to manufacture superior performance LEDs with the help of innovation and R&D. The company is well-known for its product differentiation and brand management capabilities. Recently LG Innotek entered into an agreement with MIC Electronics to jointly develop energy-efficient LED lighting products by using the components manufactured by the company.
Japan’s leading LED manufacturer, Nichia was founded in 1956. Some of the most sought after products of the company are LCD backlighting, LEDs for display, automotive lighting, general lighting and specialty lighting. As Nichia focuses on R&D and makes investments in advanced products, most of its products are available at highly competitive prices.
Japanese multinational conglomerate, Toshiba, is headquartered in Tokyo, Japan. The company focuses on power systems, electronic components and materials, communications equipment and systems, medical equipment, lighting, logistics and industrial and social infrastructure systems.