Top Companies in Energy Efficient Lighting Market | Top Key Players In-depth and Comprehensive Research Report | Vantage Market Research Exclusive Forecast Study
Energy Efficient Lighting reduces electricity demand and is a more cost-effective lighting system than traditional lighting methods. When compared to other types of lighting, more significant energy savings are expected to drive the Energy Efficient Lighting Market.
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Market Overview:
The Global Energy Efficient Lighting Market was valued at USD 45.7 Billion in the year 2021 and is expected to reach a value of USD 71.7 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.8% over the forecast period. Energy Efficient Lighting reduces the electricity demand and is a cost-effective method of lighting system over conventional lighting methods. More fantastic energy saving compared to other forms of lighting is likely to increase the Energy Efficient Lighting Market. The automotive lighting market has encountered an enormous change in the last five years as many innovative and adaptive technologies have penetrated the market. Moreover, the increasing adoption of LEDs in the automotive industry might furnish new opportunities for the Energy Efficient Lighting market.
The increasing technological advancements in lighting systems for energy efficiency and some further benefits like light ambiance, ventilation, warmth, etc., along with the growing adoption of LEDs in the automotive industry, are some components evaluated to navigate the growth of the Energy Efficient Lighting Market in upcoming days.
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Some of the key players operating in the Energy Efficient Lighting Market are listed below:
|
Company Name |
Revenue in the US |
|
$19 Billion |
|
$74 Billion |
|
$19 Billion |
|
$28 Billion |
|
$30 Billion |
|
$28 Billion |
|
$177 Million |
|
$41 Million |
|
$1 Billion |
|
$15 Million |
Eaton Corporation PLC was founded in 1911 and works as a power management company globally. The Company's Electrical Americas and Electrical Global segments provide electrical components, industrial components, power distribution and assemblies, residential products, single and three-phase wiring devices, circuit protection products, utility power distribution products, power reliability equipment & services, power quality & connectivity products, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.
General Electric Co. is a financial services and technology company. It operates through the following segments: Renewable Energy, Healthcare, Capital, Power, and Aviation. The Power segment offers solutions, services, and technologies related to energy production, including steam and gas turbines, power generation services, and generators. The Renewable Energy segment provides hardware & software, solutions, wind turbine platforms, high voltage equipment, products & services to the hydropower industry, blades for onshore & offshore wind turbines and offshore wind turbines. Headquartered in Boston, the Company was founded in 1878.
Philips is a technology company that engages in the consumer well-being, lighting, and healthcare markets. It operates through the following segments: Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health. The Personal Health segment focuses on healthy living and preventative care. This segment comprises the Personal Care, Domestic Appliances, Oral Healthcare, and Mother & Child Care businesses. The Company was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
Toshiba Corporation manufactures and markets electrical and electronic products. The products supported by this company are PCs & televisions, NAND flash memories, system LSIs (Large-Scale Integrated), and social infrastructures such as power generators, medical equipment, and home appliances. The Company was founded in 1875 and is headquartered in Japan.
Schneider Electric (SE) engages in the digital transformation of energy management and automation. The Company’s operating segments are Energy Management, Industrial Automation, Central Functions, and Digital Costs. The Energy Management segment leverages a complete end-to-end technology offering. The Industrial Automation segment comprises industrial automation and control activities across discrete, process, and hybrid industries. The Company was founded in 1836 and is headquartered in Rueil-Malmaison, France.
ABB Ltd is manufacturing and selling electrification, automation, robotics, and motion products for customers in utilities, industry, transport, and infrastructure globally. Its Electrification segment provides renewable power solutions, measuring and sensing devices, modular substation packages, distribution automation products, electric vehicle charging infrastructure, switchgear, UPS solutions, circuit breakers, switchboard, and panel boards, wiring accessories, intelligent home and building solutions, enclosures, and cabling systems, and control products. The Company was founded in 1883 and is headquartered in Zurich, Switzerland.
Advanced Lighting Technologies Australia Inc. was founded in 1996. The Company's line of business includes the wholesale distribution of electrical apparatus and equipment wiring supplies. The company headquarters is in Australia.
Bridgelux Inc. develops and manufactures Energy Efficient Light-Emitting Diode (LED) based lighting technologies. It offers high-power LED arrays and chip products in cool, neutral, and warm-white lighting solutions. The Company also provides outdoor lighting modules, chip-on-board (COB) LED array products, solid-state lighting solutions, and LED chips. The Company was founded in 2002 and is headquartered in the United States.
Nichia Corporation manufactures and distributes advanced materials. The Company produces optical semiconductor materials, fine chemicals, vacuum deposition materials, battery materials, magnetic materials, and other products. Nichia also has diode lights, laser diodes, and other products. The Company was founded in 1956 and is headquartered in Japan.
Digital Lumens Inc. develops and implements lighting solutions. The Company provides light-emitting diode lighting systems to warehouses, cold storage, and manufacturing facilities. Digital Lumens operates in the United States and was founded in 2008.
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