Top 4 Companies Leading Growth in the Global LED Panel Light Market

Senior LED, Osleder Lighting Technology Co Ltd., Elstar, and Lumiron, among others, are the major players in the global LED panel light market.

The global LED panel light market size is projected to grow at a CAGR of 14% over the forecast period of 2023-2028. As per the analysis done by EMR, this market is driven by rising environmental concerns and preference for lighting solutions that are climate neutral.

The growing market for LED panel lights can be attributed to rising environmental concerns around the world, and the subsequent push to adopt climate-neutral lighting solutions. The growth of the market can further be affiliated with the increasing efforts undertaken by the governing agencies of different developed and developing nations. For instance, reimbursement policies, subsidised rates, and rising awareness regarding the importance of LED lighting.

In January 2022, Signify, which is a subsidiary of Philips, announced that it will deliver Philips GreenPower LED production modules, along with the Philips GrowWise Control System to the new Innovatie en Demonstratiecentrum LED (Innovation and Demonstration Center research department at the Wageningan University in the Netherlands to improve light recipes for fruiting vegetables.

The Philips GreenPower LED production modules and systems are used to separately manage light brightness, colours of the light, and exposure time. This is useful in testing different lighting strategies and optimising light recipes for specific crops.

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Top 4 Companies in the Global LED Panel Light Market

Senior LED

Senior LED is one of the leading commercial LED lighting companies in the world in terms of manufacturing and supplying high-quality indoor and outdoor commercial LED lighting products. The company caters to  the lighting needs of international-domestic airports, big commercial warehouses, corporate offices, government bodies, industrial units, and retail spaces around the globe. The product portfolio of the organisation includes of UFO lights, LED panel lights, T8 LED lights, troffer lights, and streetlights. SeniorLED's highly energy-efficient commercial LED lights have a vast global demand in countries like the United States, Canada, France, Germany, and Russia.

Osleder Lighting Technology Co.,Ltd.

Osleder Lighting specialises in the development and manufacturing of LED lighting products. The company operates in two parts, the first one for LED modules, starting with LED component assembly and SMT. The second part is the lighting factory, which finishes the led lighting manufacture. SONESOLAR is another registered brand of Osleder Lighting which was formed in March 2016. The brand focuses on solar LED streetlights, solar LED flood lights, solar LED garden lights, and other solar LED lamps that can be utilised for most lighting project purposes. It also provides related installation parts and accessories such as lamp poles, anchor cages, and solar panel brackets. Osleder clientele includes Siemens, Vodafone, Haier, and Rockwell automation, among others.

Elstar

ELSTAR Elektronik AG is a Swiss company specialising in vibration and mechanical shock. Elster provides industries around the world with vibration measurement systems, automated shock test machines, and expert field measurement services, with a specialisation in rotating machinery. ELSTAR is also a leading supplier of laboratory power sources, accelerometers, high voltage safety testers, and vibration testing equipment for the Swiss market. It is also involved in the manufacturing of a comprehensive range of high speed mechanical shock test machines. Shock machines by ELSTAR are capable of supporting payloads ranging from 5kg to 200kg with closed-loop control.

Lumiron

LUMIRON LED is an American company involved in the designing and manufacturing of lighting products. The company strives to offer quality customer care and provides one-on-one services for all commercial/industrial, marine. and residential lighting needs.