Market Research Report on Signify



Company Overview



Name


Signify

Mission


To unlock the extraordinary potential of light for brighter lives and a better world.

Founded


No information is available

Founders


No information is available

Key People in the Company


- Eric Rondolat, CEO
- Željko Kosanović, CFO

Headquarters


Eindhoven, the Netherlands

Number of Employees


Approximately 32,000

Revenue


EUR 6.7 billion in 2023

Known For


Signify is the world leader in lighting for professionals and consumers and lighting for the Internet of Things (IoT). Their energy-efficient lighting products, systems, and services make spaces safer and more comfortable, and businesses and cities more productive and livable. They are also committed to sustainability and innovation.

Products



Product Categories


- Luminaires: Including RoadScape, OmniScape, and LytePro
- Connected Lighting Systems & Controls
- LED Lamps & Electronics
- Indoor and Outdoor lighting solutions

Product Descriptions and Key Features



Service Tag


- Description: A QR-based identification system for luminaires.
- Key Features: Scanning the QR code provides essential installation, maintenance, and spare part information, saving time and preventing errors.

RoadScape


- Description: LED architectural roadway luminaires.
- Key Features: Sleek design with high-performance optical technology, providing efficient lighting solutions.

OmniScape


- Description: LED Post Top and Arm Mount luminaires.
- Key Features: Customizable design flexibility and industry-leading performance with a modern aesthetic.

LytePro


- Description: Outdoor lighting luminaires.
- Key Features: Combines performance, design, and value; suitable for façades, parking areas, and more.

NatureConnect


- Description: Indoor natural light solution.
- Key Features: Enhances wellbeing, boosts performance, and creates inspiring environments in offices, hospitality, and healthcare.

BrightSites


- Description: Smart pole solutions.
- Key Features: Concealed 4G/5G connectivity and IoT applications for smarter cities.

Trulifi


- Description: Light-based communication system.
- Key Features: Provides reliable, secure, and fast two-way wireless communication via LiFi.

OEM Products


- Advance: LED drivers, ballasts, connect components, and modules.
- Bodine: Emergency lighting components.
- Philips: Sensors and software for advanced and connected lighting systems.

Recent Developments



New Partnerships


- Mercedes-AMG PETRONAS F1 Team (July 3, 2024): Partnership to drive responsible innovation and support the team's sustainability ambitions. Provides lighting innovations to enhance performance and well-being, creating optimal conditions for team members and delivering immersive experiences for fans.

Sustainability Initiatives


- Climate Transition Plan (June 18, 2024): Targets entire value chain to eliminate 90% full-scope GHG emissions and reach net-zero by 2040. Key actions include incentivizing suppliers for renewable energy, fleet electrification, and continuing development of energy-efficient LED technologies.

New Product Launches


- Philips Hue launches (June 18, 2024): Support sleep routines, personalize home decor, and more with new features.
- WiZ Smart RGB and RGBIC LED Light Strips (June 17, 2024): Enhanced color options and smart control functionalities.

Notable Announcements


- Net-zero Climate Transition Plan: Committing to a 50% reduction of scope 1, 2, and 3 GHG emissions by 2030 and 90% by 2040 against a 2019 baseline.
- Second Quarter Results 2024 (July 26, 2024): Reported sales of EUR 1.5 billion, with an increased focus on connected lighting and consumer business growth outside of China.

Recent Case Studies and Innovations


- BioUp: Enhancing visual comfort, well-being, and performance with lighting that supports natural daylight benefits.
- UV-C Lighting: Disinfection solutions for air, surfaces, objects, and water, reducing risks from bacteria and viruses.
- 3D Printing: Using sustainable materials and creating customizable, eco-friendly lighting solutions.

Conclusion


Signify leverages its leadership in lighting and commitment to sustainability to drive responsible innovation across various segments. Through strategic partnerships, innovative products, and a focus on reducing its environmental impact, Signify continues to lead the lighting industry towards a brighter and more sustainable future.