Market Share of Commercial Lighting Control Industry
The commercial lighting control market is very competitive. The commercial lighting control market is highly concentrated due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are Philips Lighting NV, Honeywell International Inc., General Electric Company, Infineon Technologies, Schneider Electric, and many more. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative products to earn a competitive edge during the forecast period.
• January 2024: Cree LED and Current Lighting Solutions have agreed to license Current's patents for KSF/PFS red phosphor for Cree LED products with Pro9 technology. This agreement pertains to using KSF/PFS phosphor to enhance the efficiency of LED components. The license includes Cree LED products incorporating Pro9™ technology utilizing Potassium Fluoride Silicon (KSF/PFS phosphor). This phosphor is used to improve the efficiency of LED components, particularly those that provide higher CRI (Color Rendering Index).
• September 2023: Advanced Lighting Technologies announced the acquisition of Cree Lighting, a market leader and innovator of indoor and outdoor LED lighting. Through this acquisition, it aims to enhance its market position in the LED product marketplace and represents the achievement of another step in its ambitious growth strategy.
Commercial Lighting Control Market Leaders
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Philips Lighting NV
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Honeywell International, Inc.
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General Electric Company
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Infineon Technologies
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Schneider Electric
*Disclaimer: Major Players sorted in no particular order
