The listed company Signify, the former Philips Lighting, is the global leader in lighting products, systems, and services. Their mission is to make the world more sustainable through energy-efficient lighting systems and help end light poverty.
“Digitization is the best recipe for sustainability.” – Eric Rondolat, CEO of Signify
Signify is a global leader in the Internet of Things (IoT) space and actively supporting governments with their push towards Smart Cities. Their portfolio ranges from well-loved consumer products such as the Hue connected lights to professional solutions. Examples of the latter include improving in-store shopper navigation with visible light communication, horticultural lighting for vertical farms, and pioneering the successor to WiFi: LiFi, Internet via light waves. They are building out their capabilities while creating impactful partnerships with leading global players (e.g., Apple, Cisco, Google, Bosch, SAP). With around 28,000 employees in 70 countries, they generate over €6 billion in annual revenue. Three megatrends drive the growth potential of the lighting market:
- Population growth and urbanization – more demand for light
- Resource challenges – more energy-efficient lighting
- Digitization – more connected lighting