Market News
Recent Developments
New product launches
- Signify is a Dutch multinational lighting corporation launched the Philips GreenPerform Bulkhead Gen3 in 2023, which is an energy-efficient bulkhead lighting solution designed for outdoor applications. The product incorporates LED technology and has a lifespan of up to 50,000 hours.
- NVC Lighting s a lighting manufacturer announced the launch of the NVC Eco LED Bulkhead in 2021, which is an energy-efficient bulkhead lighting solution designed for outdoor and indoor applications. The product has a lifespan of up to 50,000 hours and incorporates a high-quality LED light source.
- Zumtobel is an Austrian company specialising in lighting launched the PANOS infinity BULKHEAD LED in 2021, which is a high-performance bulkhead lighting solution designed for outdoor and indoor applications. The product incorporates LED technology and has a lifespan of up to 100,000 hours.
Acquisition and partnerships
- In 2020, Wipro Lighting is a best led lighting manufacturer company in India announced a partnership with Schréder, a leading provider of outdoor lighting solutions, to offer a range of high-performance and energy-efficient outdoor lighting solutions.
- In 2021, LEDVANCE, a leading provider of general lighting solutions, announced the acquisition of the American lighting company TIVENI to expand its product portfolio and enhance its position in the North American market.
- In 2021, Schneider Electric, a leading provider of energy management and automation solutions, announced a partnership with Signify to integrate its building management system (BMS) with Signify's Interact IoT platform to provide enhanced functionality and control of lighting systems in commercial buildings.
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