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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.
Major players operating in the LED lighting industry are: