Report ID: SQMIG45J2152
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the LED Lighting Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading LED Lighting industry players.
Across the globe, LED lighting is becoming more prevalent among factories, homes, and commercial buildings. Increasingly, residences, workplaces, factories, and public infrastructure projects are lit with elegant and efficient LED bulbs, tube lights, and strips. Gradually, new technologies are replacing incandescent light and fluorescent systems-more color-tunable LEDs, smart lighting controls, and longer-lasting, energy-efficient diodes. The industry is on the verge of significant growth as more companies are adopting flexible LED solutions and governments are stepping up energy-saving regulations. This page discusses the key forces and trends shaping the LED lighting industry.
According to SkyQuest Technology “LED Lighting Market By Product Type (Lamps and Luminaires) By Installation (New Installation and Retrofit), By Lumens, By Application, By Sales Channel, By Region - Industry Forecast 2025-2032,” the fastest market development is expected in the lamps segment with a CAGR of 8.9% during the forecast timeframe; this is generally attributed to the increase in adoption of LED lighting systems in households.
|
Company |
Est. Year |
Headquarters |
Revenue |
Key Services |
|
Signify |
2016 |
Eindhoven, Netherlands |
USD 6.61 Billion (2024) |
Provides professional and consumer LED lighting solutions. Offers smart lighting systems for homes and businesses. Develops IoT-enabled connected lighting platforms. |
|
Osram |
1919 |
Munich, Germany |
USD 3.69 Billion (2024) |
Manufactures LED modules and lamps for residential, commercial, and industrial applications. Supplies automotive LED lighting solutions. Offers smart city and connected lighting systems. |
|
Cree Lighting (Wolfspeed) |
1982 |
Durham, USA |
USD 274.2 Million (2024) |
Designs high-performance LED fixtures for commercial and industrial use. Develops energy-efficient LED components. Provides customized lighting solutions for large-scale projects. |
|
Acuity Brands |
2001 |
Atlanta, USA |
USD 3.84 Billion (2024) |
Provides indoor and outdoor LED lighting solutions. Offers smart building and IoT-enabled lighting controls. Supplies architectural and industrial lighting products. |
|
GE Lighting (Savant) |
1878 |
Cleveland, USA |
USD 630 Million (2024) |
Develops LED bulbs and fixtures for homes and offices. Provides smart lighting systems integrated with home automation. Offers energy-efficient lighting solutions for commercial spaces. |
|
Eaton (Cooper Lighting Solutions) |
1911 |
Peachtree City, USA |
USD 24.9 Billion (2024) |
Manufactures commercial and industrial LED lighting products. Supplies smart lighting controls and automation solutions. Provides integrated energy-efficient lighting systems. |
|
Samsung LED |
1968 |
Seoul, South Korea |
Part of Samsung Electronics' total revenue of USD 211.2 Billion (2024) |
Develops high-brightness LED chips and modules. Supplies lighting solutions for displays, residential, and industrial applications. Offers customized LED solutions for professional lighting projects. |
| Nichia Corporation |
1956 |
Tokushima, Japan |
USD 1.8 Billion (2024) |
Manufactures LED chips, modules, and lighting components. Provides solutions for automotive, residential, and commercial lighting. Focuses on high-efficiency, long-lifespan LED products. |
|
Panasonic Lighting |
1918 |
Osaka, Japan |
NA |
Develops energy-efficient LED lighting for homes and offices. Supplies commercial and industrial LED fixtures. Offers smart lighting and IoT-integrated systems. |
| Havells India |
1958 |
Noida, India |
Approx USD 650 Million (2024) |
Manufactures LED bulbs, tube lights, and luminaires. Provides home and commercial lighting solutions. Offers energy-efficient and smart LED lighting systems. |
Signify is a world-renowned lighting provider that gives energy-efficient LED solutions for factories, homes, and commercial buildings. In 2024, 33% of its revenue was contributed by the "Brighter Lives" program, which is dedicated to enhancing health and wellbeing through the application of programmable lighting. It is further noteworthy to ensure the circular economy gets its due credits in the corporate repository. As such, 37% of its income is attributed to being created through serviceable luminaires in the professional market. Despite the tough U.S. market, new concepts are being developed for consumer lighting by Signify, which could do with expanding its operations, say perhaps alongside the Philips Aura Floodlight in India.
Highly efficient LED lighting solutions from a leading company, Osram, are designed for automobiles, industrial, and commercial buildings. According to the company, in 2025, its sales from the semiconductor division reached 76% of all sales. The fast expansion of the market for LED components can thus be deduced from it. The company's sophisticated inventions push overall economic development forward through breathtakingly advanced LED-based technologies.
Cree Lighting from Wolfspeed manufactures high-brightness LED lighting for commercial and industrial settings. Cree Lighting preferred to showcase its technological enhancements of products in industry shows, like The IES Street and Area Lighting Conference and the NACS Show, in 2024. That's their effect on enhancing their just-outdoor-applied technologies. The objective of the more recent products from Cree Lighting, such as the GuidewayTM Series Street Light, is to care of functionality, as well as to create aesthetic social value. These attitudes towards things now show the company's attitude towards urban lightings.
One of the major producers of LED lighting in high-wattage indoor and outdoor applications is Acuity Brands. In addition, the company produces IoT-enabled lighting controls and smart building products. Because of less efficacy, nine of the said company's programs were picked as one of the Progress Reports of the Illuminating Engineering Society (IES) in 2025. This sort of orientation to both scientific and artistic developments in lighting is quoted every year in this report. Acuity is synonymous with the words quality and innovation in the LED light powerboat.
GE Lighting creates incandescent light bulbs, CFL and LED light bulbs, smart home lighting, as well as products for residential and commercial use, and is now owned by Savant. Cync and C by GE-by-GE Lighting are ideal for home automation systems as they allow more remote control by end-consumers, thus reducing power consumption. Through offering ground-breaking thoughts, as well as user-friendly design, GE Lighting stands as a major player in the LED lighting sector.
Cooper Lighting Solutions is a subsidiary of Eaton that engineers automated systems, intelligent control systems, and LED lighting for use in industrial and commercial projects. For the fifteenth time in 2025, Cooper Lighting Solutions has received an acknowledgment for being among the best on the Illuminating Engineering Society (IES) Progress Report. It includes six new offerings, enhancing design, versatility, and energy saving of lighting. Eaton has taken some big steps within these vital LED lighting offshore markets by being synonymous with quality and Innova ionium.
Samsung LED produces high-brightness LED chips and modules for display, residential, and commercial lighting applications. The company stated that it will perform exceptionally well in the LED lighting market in 2025, as is apparent from the high sales increase of 16% and net income increasing more than fivefold. The dedication to quality and innovation is what makes Samsung a big player in the world's LED lighting market.
Nichia Corporation, one of the largest corporations in the LED business globally, was the first to produce blue and white state-of-the-art super-brilliant LEDs. In 2025, the company started making a new deep UV LED with a peak wavelength of 280 nm. This means that they are committed to ensuring technology levitates at the forefront of those coming up in LED technology. Nichia's concern about tales of keeping nature safe and ecology of sustenance has put it at a leading position in this sector of LED lights.
The company Panasonic Lighting produces very effective LED lights for residential, commercial, and industrial applications. The design of the products first considers the comfort of users and the desire for an ecological approach, like international trends that have begun to try energy conservation. Due to the quality and innovation, the brand Panasonic is recognized worldwide as one of the elites few in LED lighting.
Havells India manufactures LED bulbs, tube lights, and home and commercial lighting. Intelligent and energy-efficient LED lighting systems from the company address the Indian requirement for environmentally sound lighting choices. The focus of Havells on innovation and quality has helped the local LED lighting industry grow.
Fast becoming synonymous with LED lighting are signatures associated with major companies like Signify, Osram, Cree Lighting, Acuity Brands, and others. They are perfect in providing home, business, and industrial customers with intelligent, energy-saving, and IoT-enabled lighting solutions. Government initiatives toward sustainability and the growing demand for durable, efficient LED products have accelerated adoption further. Regularly, these companies develop products and export them throughout the globe. This innovation has also indicated that LED lighting might see significant growth in some years to come.
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Global LED Lighting Market size was valued at USD 78.89 Billion in 2024 and is poised to grow from USD 87.72 Billion in 2025 to USD 205.09 Billion by 2033, growing at a CAGR of 11.2% in the forecast period (2026–2033).
The global market for LED lighting has become very competitive with several major players leading the charge by maintaining extensive product portfolios and constant innovation as a standard business practice. Signify (formally Philips Lighting), Osram, Cree Inc., and General Electric Company devote significant resources to R&D to improve product efficiency and develop smart products that meet changing consumer needs. The market growth has been driven by government programs that aim to encourage energy efficiency and energy efficient lighting technology, such as the European Union's Eco-design Directive and India's UJALA program, as they promote energy efficiency and by doing and providing visibility and access to energy efficient lighting solutions. The Zhaga Consortium's efforts to normalize components with respect to LED interfaces should move the market toward interoperability and further integration. 'Signify Holding', 'Acuity Brands, Inc.', 'Panasonic Holdings Corporation', 'ams-OSRAM AG', 'Cree Lighting USA LLC', 'Zumtobel Group', 'Samsung Electronics', 'LG Electronics', 'Everlight Electronics Co, Ltd.', 'Dialight', 'Havells India Ltd.', 'Wipro Lighting', 'Syska', 'Sharp Corporation', 'Siteco GmbH'
Smart city projects throughout the world are accelerating LED adoption through energy-efficient urban infrastructure. For example, the Smart Cities Mission in India features LED investments as part of city master plans worth $31 billion and the Smart City of Dubai invested $8 billion on green lights. The U.S. DOE committed $200 million in financing smart LED street lighting networks, to enhance public safety and energy efficiency. Businesses such as Signify and Osram are incorporating adaptive, IoT-enabled LEDs into projects globally, as visions from governments for achieving carbon neutrality and reducing urban electricity usage by 30-50% gain speed.
IoT Integration in LED Lighting for Smart Cities: Government across not only North America but globally are spending vast resources to implement IoT-enabled LED lighting in an effort to improve urban governance. For example, in 2024, Singapore spent USD 12 million to launch Singapore Smart Nation Initiative with smart LED streetlights that improved energy efficiency, improved public safety and improved equitable planning futures for city planners using real-time data analysis.
What makes Asia Pacific the top market for LED lighting in 2024?
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