The LED market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market size is expected to grow by USD 96.82 bn from 2020 à 2025, according to Technavio. De plus, the growth momentum of the market will accelerate at a CAGR of 13.10%.
Major Five LED Companies: Key Offerings
Acuity Brands Inc. – The company offers LED lighting through its subsidiary luminaire LED.
ams AG – The company offers a wide range of LED products through its subsidiary OSRAM GmbH.
Bridgelux Inc. – The company offers a wide range of LED lighting such as V Series HD, EB Series, and others.
Eaton Corp. Plc – The company offers LED lighting solutions for a wide range of industrial applications.
General Electric Co. – The company offers a wide range of HD LED bulbs such as Refresh HD, Relax HD, Et plus.
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