Market Share of US LED Industry
The US LED market is competitive in nature. The market is highly concentrated due to various small and large players. All major players account for a significant market share and focus on expanding their consumer base worldwide. Some of the significant players in the market are Emerson Electric Co., Signify Holding (Philips Lighting), OSRAM Sylvania Inc. (OSRAM Licht Group), Nichia Corporation, Acuity Brands Inc., and many more.
- March 2022: Signify collaborated with Perfect Plants on cannabis. The company was competing for a Dutch license for the legal cultivation of cannabis and invested in facilities for research and production. Signify supplies flexible GreenPower LED systems and specialist knowledge. The two new climate cells are equipped with dimmable Philips GreenPower LED toplighting compact to grow lights and the Philips GrowWise Control System, providing a light system that can be used effectively and efficiently in every growth phase.
- March 2022: Signify will provide GreenPower LED technology for Iceland’s first vertical farm, VAXA. Vertical farming agriculture is carried out in controlled indoor conditions, where crops are grown under LED lighting in systems of stacked trays. VAXA uses Signify’s Philips GreenPower LED production modules. VAXA’s partnership with Signify’s horticultural lighting experts has been vital as it even went beyond Signify’s provision of hardware.
US LED Market Leaders
Emerson Electric Co
Signify Holding (Philips Lighting)
OSRAM Sylvania Inc. (OSRAM Licht Group)
Nichia Corporation
Acuity Brands Inc.
*Disclaimer: Major Players sorted in no particular order
