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Acuity Brands, Inc. and Cree Lighting USA LLC are two prominent players in the LED lighting industry holding a significant share of 20%, each contributing significantly to the industry's development and growth. Acuity Brands, Inc. is a leading provider of lighting and building management solutions, offering a wide range of LED lighting products for various applications including commercial, industrial, residential, and outdoor lighting. The company's extensive portfolio includes luminaires, lighting controls, and advanced lighting systems designed to enhance energy efficiency, comfort, and productivity in indoor and outdoor spaces. Acuity Brands' innovative approach to lighting design and technology has earned it a strong reputation in the market, with a focus on delivering high-quality, sustainable lighting solutions tailored to customer needs.
Some of the major players in the market are Acuity Brands, Inc. Cree Lighting USA LLC Panasonic Corporation SAVANT TECHNOLOGIES LLC Seoul Semiconductor Co., Ltd. Signify Holding Siteco GmbH. These major players applying strategies like product innovations and mergers and acquisitions. Also, companies are involved in several growth and expansion strategies to gain a competitive advantage in the market.
Major players operating in the industry are: