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Signify
Online
Amsterdam, Netherlands
1891
$10BN to $50BN
Enterprise
86 Likes
75 Buyers Negotiating

Signify USP

Signify is the new name of Philips Lighting company.The company operates primarily through four major segments—Lamps, LED, Professional, and Home. Signify is a global market leader with recognized expertise in the development, manufacturing, and application of innovative green lighting products, energy-efficient lighting products, systems, and services. Request Signify Pricing to get more information.

Summary

To maintain its leadership in the lighting control system market, Signify could consider revised competitive pricing for its products in the connected lighting space to compete with regional solution providers. Also, with the growing innovations in voice-controlled lighting systems, the company could focus on developing voice-controlled lighting control solutions. Also, it could leverage its early-mover advantage in emerging lighting applications such as solar lighting, horticulture lighting, human-centric lighting, and speciality lighting.

The company’s market experience and brand name allow it to capitalize on the fundamental market dynamics taking place in the lighting industry and deliver innovative solutions that create value and ensure its growth. The company aims to further invest in connected lighting systems to win contracts related to the supply of connected lighting systems and other lighting control equipment. The company also adopts the strategy of an acquisition. For instance, in April 2019, it acquired WiZ Connected—developer of the WiZ Wi-Fi-based connected lighting ecosystem. This acquisition will allow Signify to extend its leadership position in the Wi-Fi-based smart lighting market.

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“I am looking for a Lighting Control System in north America. My budget is $50,000. Looking to buy in 15 days.”
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Signify
75 Buyers Negotiating
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Strengths
  • +6
    Variants of products and services as per different applications
  • +13
    Breadth and Depth of Offerings
  • +8
    Total R&D spend & its % for this particular product & services
  • +7
    Expandability of product and service across different applications
  • +5
    Focus on Product Innovation
  • +6
    Product Differentiation and Impact on Customer Value
  • +14
    Product Features and Functionality
  • +9
    Implementation of new idea or technology in the industry
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