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LED Lighting Market Share

  • Report ID: GMI8983
  • Published Date: Aug 2024
  • Report Format: PDF

LED Lighting Market Share

Philips Lighting (Signify) and Osram Licht AG hold a significant share in the LED lighting industry. Philips Lighting (Signify) is a global leader in the LED lighting industry, known for its wide range of high-quality lighting solutions. The company’s emphasis on innovation, including smart and connected lighting systems, has solidified its position as a major market player. Signify’s commitment to sustainability and energy efficiency aligns with current market trends, enhancing its competitive edge. Osram Licht AG is another key player with a substantial market share, offering diverse LED lighting solutions across various applications. Osram’s focus on advanced technologies and high-performance products, combined with its extensive distribution network, contributes to its leading position.
 

Some other major players in the market are Sharp Corporation, LG Innotek, Panasonic Corporation, Toyoda Gosei Co., Ltd., Hubbell Lighting, Dialight PLC, Seoul Semiconductor, Everlight Electronics, Lite-On Technology, and LEDVANCE.
 

LED Lighting Market Share

Major players operating in the LED lighting industry are:

  • Acuity Brands, Inc.
  • Cree, Inc.
  • GE Lighting
  • Osram Licht AG
  • Philips Lighting (Signify)
  • Samsung Electronics Co., Ltd.       
  • Zumtobel Group
Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for LED lighting was valued at USD 85.9 billion in 2023 and is estimated to register over 10% CAGR between 2024 and 2032, driven by the increasing demand for energy-efficiency and environmental sustainability.

The outdoor segment in the LED lighting market is expected to witness over 10% CAGR between 2024 and 2032, backed by the increasing adoption of smart city initiatives.

North America market held over 30% share in 2023 attributed to strong regulatory support and government incentives.

Acuity Brands, Inc., Cree, Inc., GE Lighting, Osram Licht AG, Philips Lighting (Signify), Samsung Electronics Co., Ltd., and Zumtobel Group

LED Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 24
  • Tables & Figures: 746
  • Countries covered: 21
  • Pages: 220
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