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 𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗣𝗿𝗲 𝗜𝗣𝗢

 

The primary goal of Signify Innovations (formerly "Philips Lighting India") is to produce electric lighting and light fixtures for professionals, customers, and the Internet of Things. A Dutch multinational corporation spun off its lighting section in 2016, creating Signify Innovations as a subsidiary.

For use in residences, workplaces, and public areas, Signify Innovations India provides a comprehensive selection of lighting systems, products, and services. Intelligent lighting systems, electrical goods, and LED bulbs, tubes, fixtures, and luminaires are some of its offerings. A variety of services, including lighting design, installation, and maintenance, are also provided by the business.

Leading the way in the continuous development of linked lighting services and systems is Signify. They are revolutionizing homes, cities, and structures by utilizing the Internet of Things. to manage workplaces more ecologically friendly and with greater energy efficiency.

The company's single manufacturing facility is situated in Gujarat's Vadodara. The company is responsible for the lighting projects of three iconic structures: the Arun Jaitley Cricket Stadium in New Delhi, the Kusum Sarovar Complex in Agra, and the Arch Bridge in Bhopal.

𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗜𝗣𝗢 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 :

The company is not planning to launch any IPO at this moment.

𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗦𝗵𝗮𝗿𝗲 𝗣𝗿𝗶𝗰𝗲 :

Signify Innovations Share Price today (24 April 2024) is ₹ 1,400/share. The prices change from time to time so please connect with Planify to know the current share price of Signify Innovations - +91 70655 60002.

𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗠𝗼𝗱𝗲𝗹 :

The leading global provider of lighting solutions, Signify Innovations (previously Philips Lighting), makes money via a number of important channels:

1. Lighting Products and Systems: The majority of their revenue comes from this, which is their main line of business. Let's take a closer look:

LED-Centric Focus: With a large selection of energy-efficient LED bulbs, Signify is a pioneer in LED (Light Emitting Diode) technology. These are available in a range of sizes, shapes, and colors to suit a variety of uses.

Luminaires: The fixtures that contain and direct light from lights are designed and sold by them. This covers street lighting for outdoor areas, industrial lighting for factories, and architectural lighting for structures.

Lighting Control Systems: Signify provides sophisticated lighting control systems that let customers change lighting effects, brightness levels, and remotely manage their lighting. Significant energy savings and enhanced user experiences may result from this.

Industry Specificity: They serve a wide range of sectors, such as

Commercial structures, such as hotels, retail stores, and offices

Industrial Facilities: factories and warehouses

Public areas include roadways, parks, and transit hubs.

Household Residences

2. Lighting Services: This market sector offers more than just goods sales. Signify provides their clients with these beneficial services:

Lighting Design: Their professionals are capable of creating unique lighting designs that satisfy certain functional requirements, enhance aesthetics, and maximize energy efficiency.

Installation: To guarantee that their lighting systems are configured correctly and operate as intended, they offer expert installation services.

Maintenance: To guarantee that their systems continue to operate at peak efficiency and receive prompt repairs when necessary, Signify provides continuous maintenance plans.

3. Licensing of Intellectual Property: In addition to developing cutting-edge lighting solutions, Signify is the owner of priceless intellectual property (IP) pertaining to its technological innovations. This comprises:

Patents: They possess patents covering a range of lighting technologies, which offers them a financial advantage. For a charge, they are able to license these patents to other businesses.

Trademarks: The recognition of the Signify brand is valuable. They have the option to grant licenses for their trademarks to other businesses, enabling them to use the Signify name or emblems on particular goods.

𝗪𝗵𝗮𝘁 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 & 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝘀?

Products offered by Signify Innovations India Limited include the following:

Led Lightings

Decorative Lights

Smart Lightings

Installation Services

Outdoor Luminaries

Indoor Luminaries

Switches & accessories

𝗦𝗶𝗴𝗻𝗶𝗳𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄

Industry Statistics

The acronym LED represents light-emitting diode. Compared to incandescent light bulbs, LED lighting products provide light up to 90% more effectively. Visible light is produced when an electrical current flows through a microchip and ignites the tiny light sources known as LEDs.

In recent years, LED lights have become a major source of lighting. Their numerous benefits over conventional lighting technologies have led to their rapid rise in prominence in the Indian lighting industry.

Segmentation Analysis

Based on luminaire type, end user driving mode, and geography, the worldwide LED driver market has been divided into segments.

A-Type, Integral Modules, T-Lamps, and Reflectors make up the luminaire-type segment. In 2021, the A-Type sector held a dominant market share of approximately 27%. Due to end users' preference for fully integrated modules inside an LED system versus traditionally constructed LED systems, which help reduce costs, the market for combined LED modules is expanding.

Constant voltage and constant current comprise the two components of the driving method component. The constant current category dominated the market in 2021 with a about 56% market share. Constant-current LED drivers work better than constant-voltage LED drivers because they avoid thermal runaway or burnout and bypass the maximum current recommended for the LEDs.

The end-users include commercial lighting, home lighting, outdoor and traffic lighting, and industrial lighting.

The end-user segments include industrial lighting, traffic and outdoor lighting, commercial lighting, residential lighting, and others. In 2021, the outdoor & traffic lighting sector held the largest market share, at approximately 26%. For streets, major roads, and highways, many control systems are needed, and various projects require multiple solutions to achieve overall power savings.

Industry Statistics

The Indian LED market grew by 25% year over year (y-o-y) to reach USD 3.5 billion in 2022 from USD 2.8 billion in 2021.

The market for LED lighting was estimated to be worth USD 70.94 billion globally in 2022, and from 2023 to 2030, it is expected to rise at a compound annual growth rate (CAGR) of 11.0%.

One of the largest markets for lighting is India, which creates a profitable opportunity for LED manufacturers to locate their operations there. The LED company operates in a sustainable environment thanks to skilled personnel, business-friendly regulations, and favorable demographics.