Top 10 LED Lighting Manufacturers in the World 2024

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Introduction:

In recent years, the global lighting industry has undergone a revolutionary transformation with the widespread adoption of Light Emitting Diode (LED) technology. LED lighting has not only revolutionized the way we illuminate our spaces but has also paved the way for energy efficiency and sustainability. As the demand for energy-efficient lighting solutions continues to rise, several manufacturers have emerged as leaders in the LED lighting industry.

In this article, we will explore the Top 10 LED lighting manufacturers in the world, highlighting their contributions to the industry, product lines and the reasons behind their success, including GE Lighting, Philips Lighting, Osram, Cree Lighting, Nichia, Acuity Brands, Eaton Lighting, Samsung LED, LG Electronics, Zumtobel Group. Also, we will introduce the New Rising Star, TJ2 Lighting | LED Lighting Manufacturer in Taiwan, specializing in indoor, commercial and outdoor lighting.

This article is compiled by TJ2 Lighting, an LED lighting manufacturer, and lighting manufacturer in Taiwan, only for informational purposes.


signify, Top 10 LED Lighting Manufacturers in the World 2024

Philips Lighting (Signify):

  • Founded: 1891, History of Philips Lighting
  • Headquarters: Eindhoven, The Netherlands
  • Website: www.lighting.philips.com
  • Revenue: As of 2022, the total sales of the lighting producer amounted to over 7.5 billion euros. As of 2023, Signify reports full-year sales of EUR 6.7 billion, operational profitability of 10.0% and a free cash flow of 8.7% of sales
Total sales revenue of Signify (Philips Lighting) from 2016 to 2022

With a rich history dating back to the 1890s, Philips Lighting, now known as Signify, is a global leader in the LED lighting industry. When Philips was founded in 1891, they recognized the opportunity presented by the mass-market introduction of electricity, and inspired by Gerard’s keen interest in science and engineering, the founders soon conceived a bold but timely plan: cost-effective, reliable electric incandescent light bulbs.

The company’s journey began with the production of incandescent lamps, and it quickly expanded its reach across international markets. Philips became synonymous with high-quality lighting products, playing a pivotal role in shaping the lighting industry’s landscape. Over the years, Philips Lighting has evolved in response to technological advancements, transitioning from traditional lighting technologies to cutting-edge LED solutions.

Renowned for its commitment to innovation, Philips Lighting has been a trailblazer in introducing groundbreaking technologies and concepts. The company’s advancements include the development of compact fluorescent lamps (CFLs), which offer enhanced energy efficiency compared to traditional incandescent bulbs. However, the most significant shift came with the widespread adoption of light-emitting diodes (LEDs), where Philips has been a key player in driving the LED revolution.

In 2018, the independent Philips Lighting was renamed Signify, reflecting a new era in the company’s history. Signify focuses not only on providing illumination but also on leveraging the power of connected lighting systems. The advent of smart lighting solutions has allowed Signify to create smart, energy-efficient systems that adapt to users’ needs and contribute to the development of smart cities.

Over 130 years, Philips has consistently pushed the boundaries of innovation, offering a wide range of lighting solutions for residential, commercial, and industrial applications. Known for its commitment to sustainability, Philips has played a pivotal role in driving the transition to energy-efficient LED lighting on a global scale.

2023 Review of the year

Full year 2023

  • Signify’s installed base of connected light points increased from 114 million at YE 22 to 124 million at YE 23
  • On track for three Brighter Lives, Better World 2025 sustainability program commitments
  • Sales of EUR 6,704 million; nominal sales decline of -10.8% and CSG of -8.3%
  • LED-based sales represented 85% of total sales (FY 22: 83%)
  • Adj. EBITA margin of 10.0% (FY 22: 10.1%)
  • Net income of EUR 215 million (FY 22: EUR 532 million incl. one-time effects of EUR 184 million)
  • Free cash flow of EUR 586 million (FY 22: EUR 445 million), representing 8.7% of sales

2024 Outlook

For 2024, Signify expects:

  • An Adjusted EBITA margin improvement of up to 50 bps, including first benefits from the announced
    restructuring program
  • Free cash flow generation of 6-7% of sales, including an incremental and non-recurring negative impact of
    around EUR 150 million related to the restructuring program and a reduction of US pension liabilities

Osram:

Osram was founded in 1919 by the merger of the lighting businesses and was a wholly owned subsidiary of Siemens. Osram’s business with conventional light sources was spun off in 2016 under the name Ledvance and sold to a Chinese consortium. After a bidding war with Bain Capital, Osram was taken over by Austrian company AMS in July 2020. Since then, the company has operated under the name AMS Osram.

Osram’s product portfolio spans a wide range of applications, including automotive lighting, general lighting, smart lighting, and opto-semiconductors. The company’s automotive lighting solutions, in particular, have played a crucial role in enhancing safety and aesthetics in the automotive industry. Osram’s innovations have not only illuminated our homes and workplaces but have also contributed to energy efficiency and sustainability, aligning with global efforts to reduce environmental impact.

In recent years, Osram has embraced digital transformation, integrating smart lighting solutions and technologies into its offerings. The company has been a key player in the development of smart lighting systems for homes, cities, and industrial applications. By combining lighting with digital controls and sensors, Osram has opened up new possibilities for creating connected and adaptive environments.

As a global corporation, Osram operates in various markets around the world, collaborating with businesses, municipalities, and consumers to provide customized lighting solutions. With a legacy of innovation, a commitment to sustainability, and a global presence, Osram continues to shape the future of lighting technology, ensuring that its products illuminate not just spaces but also the way we live and interact with the world.

2023 Review of the year

Consolidated revenues fell by 25 % to EUR 3,590 mn in fiscal year 2023, compared to EUR 4,819 mn in 2022. The Semiconductors segment accounted for EUR 2,425 mn of that figure (2022: EUR 3,167 mn), which equates to a 68 % share in sales (2022:66 %). The Lamps & Systems (L&S) segment contributed EUR 1,165 mn (2022:EUR 1,652 mn) to consolidated revenues, equating to a 32 % share of sales (2022:34 %).

The decline in consolidated revenues is due in particular to portfolio effects from the sale of business activities in the segment Lamps & Systems and the lower demand for semiconductor products, especially in our consumer applications business. In our consumer business, the end of product cycles for products that made major contributions to revenues in previous years had a perceptible impact.

Adjusted for portfolio effects (on a ‘constant perimeter basis’), revenues amounted to EUR 3,477 mn (2022: EUR 4,233 mn), equating to a decrease of 18 %. ‘Constant perimeter basis’ means that the Group structure is shown as of December 31, 2023. As a result, revenues from business activities sold in fiscal years 2023 and 2022, or held for sale as of the reporting dates, are eliminated.

The sales of business activities in fiscal year 2023 related to the remaining Digital Systems (DS) business in Europe and Asia, the automotive lighting systems business (AMLS Italy), and Clay Paky S.p.A. In fiscal year 2022, the automotive lighting systems business (AMLS excluding Italy), Fluence Bioengineering, Inc., and Traxon Technologies were sold.


Cree:

Cree, Inc. is a leading American semiconductor manufacturer and innovator in the field of LEDs, LED lighting, and semiconductor solutions. Founded in 1987 and most of the founders are graduates from North Carolina State University, Cree has played a pivotal role in advancing the efficiency and performance of LED technology. The company is headquartered in Durham, North Carolina, and has gained global recognition for its commitment to developing cutting-edge solutions for various industries.

Cree’s contributions to the LED lighting industry have been transformative, with a focus on creating energy-efficient, long-lasting, and high-performance lighting products. Cree LEDs are used in various applications, including general lighting, automotive lighting, Retail Lighting, Video Screens and signage applications, etc. Their products cover Xamp LEDs, J Series LEDs, and High Brightness LEDs. With a dedication to sustainability and innovation, Cree continues to shape the landscape of semiconductor and LED technologies, influencing the way we illuminate and power our world.

Based in the United States, Cree has earned a reputation for being at the forefront of LED innovation. A leading provider of LED chips and components, catering to a wide range of applications, from general lighting to automotive and industrial sectors. Cree is known for its commitment to sustainability, offering energy-efficient solutions that contribute to reducing carbon footprints across various industries.

SMART Global Holdings, Inc. (“SGH” or “SMART” or the “Company”) (NASDAQ: SGH), announced that it has completed its acquisition of Cree, Inc.’s (NASDAQ:CREE) Cree LED Products business unit (“Cree LED”) March 1.

For Q1 FY24, the LED Solutions reported sales of $69.8 million, representing an 11.5% year-over-year growth for the segment from Q1 FY23. This performance is obvious and important, especially considering the segment’s recent history of financial fluctuations and the broader context of the company’s challenges during the quarter.


Nichia Corporation:

  • Founded: 1956
  • Headquarters: Anan, Japan
  • Website: https://www.nichia.co.jp/en/
  • Revenue: According to Nihon Keizai Shimbun, Nichia Corporation, a major LED manufacturer, saw its annual revenue exceed 500 billion yen and reach 502.1 billion yen in 2022 for the first time in its history, and its profit hit an all-time high. As the year 2023, Nichia reported revenue of reach 507.1 billion yen

Nichia Corporation is a pioneering Japanese company at the forefront of semiconductor and LED technology. The company was established in 1956 by Nobuo Ogawa to produce calcium phosphate for fluorescent lamp phosphors. The majority ownership is still held by the Ogawa family today. Nichia has consistently been an industry leader in advancing lighting solutions. Renowned for its innovation and commitment to research and development, Nichia has played an important role in the evolution of LED technology.

Nichia is globally recognized for its cutting-edge LEDs that offer superior brightness, quality, and longevity. The company’s influence extends across various sectors, including automotive lighting, display technology, LCD Backlighting, and general lighting. With a strong emphasis on quality and sustainability, Nichia continues to drive advancements in LED applications, shaping the future of lighting technology and semiconductor solutions worldwide.

Hailing from Japan, Nichia Corporation is a global leader in LED technology and holds numerous patents for its innovations. The company has been instrumental in advancing LED color technology, producing LEDs with high brightness and efficiency. Nichia’s LEDs are widely used in applications such as displays, automotive lighting, and general illumination.

In the future, For LEDs, Nichia is expanding its development of products by focusing on the “quality of light” and “function of light” as well as pursuing high brightness and low power consumption.

2023 Review of the year

Nichia Corporation, a leading light-emitting diode (LED) manufacturer, announced its consolidated financial results for the year 2023, with net profit down 57% on the previous year to 34.1 billion yen. Sales rose 1% to a record high of 507.1 billion yen, but the company suffered valuation losses in its cathode materials business, which is essential for lithium-ion batteries, due to volatility in raw material prices. The effect of a weaker yen compared to the previous year also waned.

Sales in the cathode materials business grew by 9% to 215.4 billion yen. However, the pace of growth in demand for electric vehicles (EV) slowed and demand for cathode materials fell below expectations, resulting in a revaluation loss (amount not disclosed). The business recorded an operating loss of JPY 6.4 billion.

In the optical semiconductor business, including LEDs and laser diodes (LDs), sales fell by 4% to 286.9 billion yen and operating profit by 24% to 56.6 billion yen. While shipments of LEDs for automotive applications, such as high-performance headlights, increased, sales of LCD backlights and lighting dropped.

Capital investment for FY12/12 is planned at 87.5 billion yen, up 17% on the previous year. The company will strengthen production lines for next-generation cathode materials. R&D expenditure is expected to remain at the same level as the previous year, around ¥42 billion. Full-year results are expected to show a decrease in sales and an increase in profit.


GE Lighting (Savant):

GE Lighting, a division of General Electric, is a renowned global leader in lighting solutions with a rich history dating back to the dawn of the electrical era. The General Electric Company was formed by merging the Edison Electric Company and the Thomson Houston Company on April 15, 1892. The company has played an important role in the evolution of lighting technologies, from traditional incandescent bulbs to modern LED solutions. In 2020, GE Lighting was acquired by Savant Systems Inc.

Known for its commitment to innovation and sustainability, GE Lighting offers a comprehensive range of lighting products for various applications, including residential, commercial, and industrial settings. The company’s contributions extend beyond traditional lighting, encompassing smart lighting systems and energy-efficient solutions. With a legacy of groundbreaking advancements, GE Lighting continues to illuminate the world, blending a historic foundation with a forward-looking approach to meet the evolving needs of the lighting market.

Now a part of Savant, GE Lighting has a history of delivering high-quality lighting solutions for various applications. The company’s commitment to energy efficiency aligns with the global push towards sustainable lighting practices.


Acuity Brands:

  • Founded: 2001
  • Headquarters: Atlanta, GA, United States
  • Website: https://www.acuitybrands.com/
  • Revenue: In 2022, the company made a revenue of $4.01 B an increase over the year 2021 revenue that was of $3.46 B. In 2023 the company made a revenue of $3.95 B a decrease over the revenue in the year 2022 which was of $4.01 B.

In 2001, National Service Industries announced it would combine the lighting and chemical divisions and spin off that combined entity as a separate, publicly traded company. Initially incorporated as L&C Spinco in June 2001, it was renamed Acuity Brands in November. The firm’s products include light fixtures, lighting controls, building system controllers, prismatic skylights, drivers, power supplies and integrated systems for indoor and outdoor applications in commercial, industrial, infrastructure and residential spaces.

Acuity Brands, based in Atlanta, GA, United States, is a leading provider of lighting solutions and building management systems. The company has embraced LED technology, offering a comprehensive range of luminaires, controls, and smart lighting solutions. Acuity Brands is recognized for its focus on creating smart lighting systems that enhance both energy efficiency and user experience.

2023 Review of the year

Net sales of $3.95 billion for the full year of fiscal 2023 decreased $53.9 million, or 1.3 percent, from $4.01 billion in the full year of fiscal 2022.

Operating profit was $473.4 million for the full year of fiscal 2023, a decrease of $36.3 million compared to the prior year. Adjusted operating profit was $597.4 million for the full year of fiscal 2023, an increase of $9.3 million compared to the prior year.

Diluted earnings per share was $10.76 for the full year of fiscal 2023, a decrease of $0.32 or 2.9 percent, compared to the prior year. Adjusted diluted earnings per share was $14.05, an increase of $1.22, or 9.5 percent, from $12.83 in the prior year.


Eaton lighting (Cooper Lighting):

Eaton Lighting, a division of Eaton Corporation, stands as a leading force in the lighting industry with a rich legacy dating back over a century. Established in 1911, Eaton has consistently demonstrated a commitment to innovation and sustainability in lighting solutions. Eaton Lighting provides a comprehensive range of products, including LED lighting systems, controls, and connected lighting solutions.

Renowned for its cutting-edge technologies, Eaton Lighting serves diverse markets, including commercial, industrial, residential, and outdoor applications. The company’s focus on energy efficiency, reliability, and smart lighting solutions has positioned it as a key player in the ever-evolving lighting landscape. Eaton Lighting’s dedication to quality and customer satisfaction underscores its mission to enhance the visual and functional aspects of spaces while embracing the latest advancements in lighting technology.

Eaton has officially closed the sale of its lighting business, Cooper Lighting, to Netherlands-based Signify N.V., a spinoff of Philips. The $1.4 billion deal was first announced in late 2019.


Samsung LED:

  • Founded: 2009
  • Headquarters: Yeongtong-gu Suwon
  • Website: https://led.samsung.com/
  • Revenue:  In 2022, Samsung made a revenue of $233.13 B. In 2023 the company made a revenue of $196.77 B a decrease over the revenue in the year 2022 that were of $233.13 B.

Samsung LED, a division of the South Korean multinational conglomerate Samsung Group, is a global leader in semiconductor and LED technology. With a commitment to innovation and quality, Samsung LED has become a major player in the LED lighting industry. Leveraging its expertise in semiconductor manufacturing, the company produces a wide range of LED components and lighting solutions.

Samsung LED is renowned for its advancements in LED technology, offering products with superior performance, energy efficiency, and longevity. The company’s LED solutions span various applications, including general lighting, automotive lighting, display technology, and consumer electronics. As a key contributor to the evolution of LED technology, Samsung LED continues to shape the future of illumination with innovative products that enhance energy sustainability and contribute to the development of smart and connected lighting systems worldwide. The company’s focus on research and development has resulted in cutting-edge LED solutions.


LG Electronics:

LG Electronics, a global technology and innovation leader, is a South Korean multinational corporation renowned for its diverse range of consumer electronics, home appliances, LED Display and telecommunications solutions.

LG Electronics is a prominent player in the technology industry, extending its expertise to cutting-edge lighting solutions. As part of its diverse portfolio, LG Lighting Solutions focuses on delivering innovative and energy-efficient lighting technologies for various applications. Leveraging the company’s commitment to technological excellence, LG’s lighting solutions encompass LED systems tailored for residential, commercial, and industrial applications.

Also, LG Electronics unveiled next-generation smart lighting advancements with greater flexibility and connectivity options in 2018. 

LG Electronics specializes in designing, producing, and distributing electronic materials, and components and emphasizes sustainability, incorporating advanced features such as smart controls and sensors to optimize energy consumption. The company’s LED lighting products are designed to enhance visual comfort while promoting environmental responsibility. With a focus on quality and reliability, LG Electronics continues to contribute to the evolution of lighting technology, offering solutions that not only illuminate spaces effectively but also align with global efforts toward energy efficiency and intelligent lighting systems. LG Electronics’ foray into lighting signifies its dedication to providing holistic and forward-thinking solutions for the modern world.


Zumtobel Group:

Zumtobel Group, a global leader in lighting innovation, has been shaping the future of illumination since its inception in 1950. Headquartered in Dornbirn, Austria, the company has established itself as a pioneer in providing state-of-the-art lighting solutions.

Zumtobel Group encompasses renowned brands such as Zumtobel, Thorn, and Tridonic, offering a diverse range of products such as indoor and outdoor lighting products, lighting management systems, etc for offices and communication, education and science, presentation and retail, hotel and wellness, art and culture, industry and engineering, and outdoor and architecture applications. With a focus on sustainable lighting design, energy efficiency, and advanced technologies, Zumtobel Group has consistently delivered cutting-edge solutions that blend functionality with aesthetics.

As a trailblazer in the lighting industry, Zumtobel Group continues to set the standard for innovative lighting solutions that not only illuminate spaces but also enhance the quality of environments and contribute to a more sustainable future.


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