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LED Lighting Market Share

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

LED Lighting Market Share

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.
 

LED Lighting Market Companies

Major players operating in the industry are:

  • Acuity Brands, Inc.
  • Cree Lighting USA LLC
  • Panasonic Corporation
  • SAVANT TECHNOLOGIES LLC
  • Seoul Semiconductor Co., Ltd.
  • Signify Holding
  • Siteco GmbH
Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for LED lighting was valued at USD 45.5 billion in 2023 and is estimated to register over USD 85.5 billion by 2032, driven by the increasing demand for energy-efficient lighting solutions.

The residential segment held 27% of the LED lighting market share in 2023, backed by the growing need for energy-efficient and cost-effective lighting solutions.

Asia Pacific market accounted for 37% revenue share in 2023, attributed to rapid urbanization, industrialization, and infrastructure development in countries like China, India, and Southeast Asian nations.

Acuity Brands, Inc., Cree Lighting USA LLC, Panasonic Corporation, SAVANT TECHNOLOGIES LLC, Seoul Semiconductor Co., Ltd., Signify Holding and Siteco GmbH.

LED Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 290
  • Countries covered: 21
  • Pages: 210
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