Expert Market Research Explores the Top 10 Companies in the Global LED Lighting Market

Nichia Corporation, OSRAM Licht AG, Samsung Electronics Co Ltd., Everlight Electronics Co. Ltd., Acuity Brands, Inc., Koninklijke Philips N.V., Epistar Corp., Seoul Semiconductor Co. Ltd., CreeLED, Inc., Lumileds Holding B.V., and Panasonic Corporation, among others, are the major players in the global LED lighting market. 

The global LED lighting market reached a value of about USD 76.65 billion in 2023. The market is projected to grow at a CAGR of 9.1% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by the lower operating costs and lower heat losses of LED lighting to act as a suitable substitute of incandescent lights.

LED lighting, a semiconductor technology, stands out as an energy-efficient and durable lighting solution. Emitting light when an electric current passes through, LEDs offer cost-effectiveness with lower carbon emissions and energy consumption compared to incandescent and fluorescent bulbs. Notable for resistance to shock, vibration, and temperature fluctuations, LEDs provide enhanced durability. Their directional light emission eliminates the need for extra reflectors or lenses, ensuring precise illumination. With an extended lifespan, LED lighting contributes to reduced maintenance and replacement expenses.

Global demand for energy-efficient and economical lighting solutions is on the upswing. LEDs, known for converting a higher proportion of electrical energy into light, play a pivotal role in energy savings. The surge in LED lighting market growth is attributed to its contribution to reducing electricity expenses. Moreover, LED lighting systems present considerable long-term savings when compared to traditional lighting alternatives.

The global adoption of LED lighting is growing as environmental consciousness spreads. Consumers are favouring sustainable lighting solutions to mitigate environmental pollution, actively seeking eco-friendly alternatives to conventional lighting choices. Notably, LED lighting stands out as it lacks hazardous substances like mercury, commonly present in fluorescent bulbs.

In June 2022, Syska Group introduced the Syska Glowring LED Recessed Downlight (SSK-ORN –R-6W & SSK-ORN –R-12W) and Surface Downlight (SSK-ORN – S-6W). As a leading provider of high-quality LED lighting solutions, SYSKA LED Lights aimed to contribute to India's Aatmanirbhar Bharat initiative by manufacturing these lights locally. With a thermoplastic body ensuring lightness, safety, and effective heat dissipation, these lights were designed for easy setup and found applications in homes, malls, stores, showrooms, and offices. The product range included options of 6W (87.5 x 42 mm) for both recessed and surface mounting, and 12W (114.5 x 44.5 mm).

Top 10 LED Lighting Companies in the World:

Nichia Corporation

Founded by Nobuo Ogawa in Tokushima, Nichia initially focused on utilising limestone for pharmaceutical materials. Overcoming challenges, Nichia expanded its expertise from calcium compounds to LEDs, laser diodes, and more. Known for the world's first high-luminous blue LED, Nichia continues innovating in light and energy. Embracing the dual nature of light, it developed the super-bright Blue LED in 1993, pioneering white LED and practical blue-violet semiconductor lasers. Nichia's innovations impact displays, lighting, automotive, industry, and healthcare technologies.

OSRAM Licht AG

As a global leader in intelligent sensors and emitters, the ams OSRAM Group, consisting of ams AG and OSRAM Licht AG, pioneers technologies in sensing, illumination, and visualisation. With a focus on automotive, industrial, and medical semiconductors, it explores innovative opportunities in consumer device semiconductors. Leveraging light, sensors, and software, the company enhances the physical and digital connection, contributing to safer journeys, efficient industrial applications, and enriched daily experiences. With over a century of expertise, ams OSRAM's team of 20,000 worldwide drives innovation across various technologies.

Samsung Electronics Co Ltd.

Samsung Electronics, a global technology leader, pioneers’ innovation in TVs, smartphones, wearables, tablets, and various technological domains. Renowned for transformative advancements, including IoT initiatives like Smart Home and Digital Health, Samsung has evolved into a top-tier tech company. With a strong global presence, the brand is celebrated for creativity and diverse talent. Committed to constant reinvention, Samsung explores the unknown to develop technologies enhancing people's lives worldwide.

Everlight Electronics Co. Ltd.

With over 40 years of research and development expertise, EVERLIGHT Electronics Co., Ltd. has secured a top-five position globally in the competitive LED market. Known for immediate service and an excellent brand reputation, EVERLIGHT manufactures a diverse product portfolio, including High Power LEDs, Lamps, SMD LEDs, Lighting Components, and more. The company, with over 6,400 employees, operates globally, contributing to the LED industry's innovation and growth.

Acuity Brands, Inc.

Acuity Brands, Inc., a leading industrial technology company, focuses on utilising technology to address challenges in spaces and lighting. Operating through Acuity Brands Lighting and Controls ("ABL") and the Intelligent Spaces Group ("ISG") segments, the company designs, manufactures, and markets innovative products and services, including building management systems, lighting, controls, and location-aware applications. Headquartered in Atlanta, Georgia, Acuity Brands has a global presence, with approximately 13,500 dedicated associates driving growth through technology-driven solutions.

Koninklijke Philips N.V.

Philips is dedicated to enhancing global health and well-being through meaningful innovation, with a goal to improve 2.5 billion lives annually by 2030. Focused on holistic healthcare, the company aims to promote healthy living, disease prevention, precise diagnosis, personalised treatment, and patient recovery at home. Operating as a technology-driven entity, Philips, along with its brand licensees, is committed to continuous innovation, investing 10.5% of sales in R&D in 2022, with a significant emphasis on software and data science. With a diverse team of 71,500 individuals worldwide, Philips believes in finding ways to make life better.

Epistar Corp.

EPISTAR emerged as a visionary force, anticipating the LED era before it became widespread. Pioneering in epitaxy through cutting-edge production and engineering, EPISTAR is now a global leader in LED technology. Collaborating with renowned brands, EPISTAR popularised LED applications in various devices. The company prioritises client relationships, employing a unique "Co-Activation Service Model" to co-design chips, perfect production processes, and ensure top-notch quality control. As LED commercialisation advances, EPISTAR, along with joint venture Ennostar, stands ready to illuminate the world.

Seoul Semiconductor Co. Ltd.

Seoul Semiconductor, the world's third-largest LED manufacturer, leads in developing and commercialising LEDs for diverse markets. With over 18,000 patents, the company produces innovative LED products, including SunLike for human-centric lighting, Wicop for cost-efficient, high-lumen density illumination, NanoDriver Series for small DC LED drivers, Acrich for AC-driven LED technology, and nPola for GaN-substrate technology. Seoul Semiconductor's vertically integrated approach spans epitaxial growth, chip manufacture, packaged LEDs, and LED modules, ensuring a broad product portfolio with various package and device options.

CreeLED Inc.

Cree LED stands at the forefront of LED technology, offering a comprehensive range of application-optimised LED chips and components known for industry-leading performance and reliability. With over 30 years of experience, Cree LED has been a pioneer in driving the LED Lighting Revolution, introducing groundbreaking innovations such as the industry's first packaged lighting-class LED, the XLamp® XR-E LED, in 2006. The company continues to lead with best-in-class LED solutions, overcoming industry scepticism and establishing LEDs as the preferred illumination technology.

Lumileds Holding B.V.

Lumileds, with over a century of groundbreaking innovations, stands as a global leader in lighting solutions. Specialising in automotive, mobile, IoT, and illumination applications, Lumileds collaborates with companies to pioneer advancements in lighting technology. As the inventor of Xenon technology and a leader in high-performance LEDs, Lumileds prioritises innovation, quality, and reliability. The company's commitment to integrity and customer partnership contributes to making the world safer, better, and more beautiful through light.