Signify S.A., Osram Licht AG, Eaton Corporation Inc., Acuity Brands Lighting, Inc., Wolfspeed, Inc., General Electric Company, and Hubbell Incorporated, among others, are the major players in the LED lighting market in the United States.
As per the analysis by Expert Market Research, the United States LED lighting market is expected to grow at a CAGR of about 9.3% in the forecast period of 2022-2027, owing to the increased industrial usage of electricity.
LED lights offer more brightness for the same consumption of electricity; thus, companies in United States have been increasing the use of LED lights in offices rather than incandescent bulbs and other forms of lighting. Residential complexes and households are increasingly using LED lights to save on their electricity bills and extend the life of their lighting fixtures. The growth of industries like automotive and construction sectors is also anticipated to boost the United States LED lighting market. Since LEDs use less energy, they are considered a greener alternative in light of rising environmental concerns.
In May 2021, OSRAM and Infineon Technologies joined forces to boost NFC programming for extended flexibility in LED luminary configuration. By enabling automatic in-line or batch programming in production, operational efficiency is increased. Additionally, it significantly increases flexibility across the whole LED value chain and life cycle of LED luminaires. During installation, luminaire specifications like lumen output and CLO settings can be preset. The Osram Tuner4TRONIC Smartphone App facilitates customisation and adaptation to the required lighting conditions.
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Signify, a global leader in lighting has a licence to use the Philips name on products and services. They are one of the leading providers of energy-efficient and high-quality lighting products to customers. With its Philips products, Interact-linked lighting systems, and data-enabled services, Signify transforms life in homes, buildings, and public places.
Osram Licht AG manufactures lighting-related products such as lamps, light-emitting diodes (LEDs), light engines, lighting management systems, specialised lighting, indoor and outdoor LED luminaires, dimmers, and other related products. Their company is split into three divisions: digital, automotive, and opto semiconductors (DI). These three units together form the Osram group. These units provide LED products and its accessories.
Eaton is a power management company present in more than 175 countries. The company has more than 90,000 employees working for them across the world. They offer consumers goods and services that are energy-efficient in order to efficiently manage electrical, hydraulic, and mechanical power.
|Headquarters:||Georgia, United States|
Acuity Brands Lighting, Inc. is one of the leading technological companies that designs, manufactures, and brings innovative products and services to the market. Approximately 11,000 associates are dedicated towards building management systems, lighting and its controls, and location-aware applications. Acuity has many lighting brands like Aculux, A-Light, Eureka, Luminis, and many more. It also has several brands in lighting controls, building management, IoT, components, and daylight.
|Headquarters:||North Carolina, United States|
Wolfspeed, formerly known as Cree, is a powerhouse semiconductor company which develops silicon carbides and GaN technologies. With an experience of several years, power and radio frequency are the leading products of the company. Its products have applications in various sectors, including automotive, industrial, aerospace, defence, and many more.
|Headquarters:||Massachusetts, United States|
GE brings innovative solutions to the market and delivers essential products for power, renewable energy, healthcare, and transportation sectors. GE lighting combines energy-efficient LED lighting with connected sensors to create an environment that delivers productive outcomes. The company operates in around 130 countries in the entire world. The company has about 2,05,000 employees working for them around the globe.
|Headquarters:||Connecticut, United States|
Hubbell is focused on providing high-quality and dependable products. It delivers products for data and communications, electrical and electronic, lighting controls, and the power and utility sector. They offer around 4,000 LED products that are available on their site, with different brands, colours, and types.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.