LSI Industries Inc. - Common Stock (LYTS)

Competitors to LSI Industries Inc. - Common Stock (LYTS)

Acuity Brands, Inc. 

Acuity Brands, Inc. and LSI Industries Inc. compete primarily in the lighting and signage sectors. Acuity offers a broader portfolio of innovative lighting solutions and controls, giving it an edge in incorporating advanced technology such as IoT (Internet of Things) into their products. This technological advancement positions Acuity as a leader in smart lighting solutions, whereas LSI Industries focuses more on traditional lighting and signage. However, both companies seek to enhance energy efficiency and sustainability in their products.

Cree, Inc.

Cree, Inc. and LSI Industries primarily compete in the LED lighting market, with Cree known for its high-performance LED technology. Cree's focus on developing cutting-edge LED innovations gives it a competitive advantage in energy efficiency and product lifespan, attracting customers looking for state-of-the-art solutions. While LSI Industries offers reliable and cost-effective lighting products, it may not have the same level of brand recognition or technological prowess as Cree, making competition difficult in the premium segment of the market.

Eaton Corporation plc 

Eaton Corporation and LSI Industries compete in the electrical systems and lighting markets, with Eaton having a significant advantage due to its extensive global reach and diverse product offerings ranging from power management solutions to energy-efficient lighting. Eaton's commitment to innovation and sustainability enhances its competitiveness, particularly as consumers and businesses increasingly prioritize energy efficiency. While LSI Industries is focused on specific niches within the market, Eaton's sizable market presence and capabilities provide it an edge.

Orbit Industries, Inc.

Orbit Industries, Inc. is a major competitor in the electrical and lighting industries where it competes against LSI Industries in specific categories such as commercial lighting and electrical products. Orbit has carved out a niche by focusing on providing high-quality, competitively priced solutions that cater to electrical contractors and distributors. While LSI maintains its branding and comprehensive solutions for broader markets, Orbit's emphasis on value and contractor relationships presents a challenge, especially in areas where price sensitivity is critical.

Signify N.V.

Signify N.V. (formerly Philips Lighting) and LSI Industries compete in the lighting solutions space, with Signify recognized as a global leader in connected lighting systems. Signify's substantial investment in research and development and its emphasis on smart lighting and digital technology provide it a significant competitive advantage over LSI Industries, which focuses more on conventional lighting fixtures and businesses. While LSI aims for quality and customer service, Signify's innovation-driven approach enables it to capture a larger share of the emerging smart lighting market.