HOME Research Insight Philips Lighting Holding B.V. (Netherlands) and General Electric Company (US) ) are the Key Players in the Ambient Lighting Market

Philips Lighting Holding B.V. (Netherlands) and General Electric Company (US) ) are the Key Players in the Ambient Lighting Market

Ambient lighting has become a key focus area to offer comfortable lighting in space and implement energy-efficient solutions. Europe is currently at the forefront of implementing energy-efficient lighting systems because most countries in this region are targeting a substantial reduction in energy consumption by the end of this decade. The market in APAC is expected to grow at a high rate between 2017 and 2023. The ambient lighting market is experiencing a large number of activities in terms of product launches, contracts, partnerships, agreements, mergers and acquisitions, expansions, and others, such as research and development.

The main stages of the value chain pertaining to the ambient lighting market include original equipment manufacturers (OEMs), suppliers, system integrators, distributors, and end users. In the existing scenario, companies that develop lighting products and are compatible with various connecting standards hold the dominant position in the market. In the race for market leadership, Philips Lighting (Netherlands) is ahead of the other players in the ambient lighting market with more than 100 years of experience in the lighting and electronics industry.

Philips Lighting Holding B.V. (Netherlands) ranked first in the ambient lighting market in 2016. It offers an extensive array of lighting products that are used in residences, commercial buildings, streets, highways, and tunnels. The company’s extensive product portfolio provides it with an edge over its competitors in the ambient lighting market. Philips Lighting N.V. operates through 5 major segments: Lamps, LED, Professional, Home, and Others. The company offers ambient lighting solutions and products for homes, shops, offices, schools, hotels, factories, and hospitals. In March 2017, it launched the Philips Hue white ambiance E14 candle light bulb. The company has partnered with KPN (Netherlands), AXA (France), and ENGIE (France) to expand its portfolio of connected lighting.

General Electric Company (US) ranked second in the market in 2016. It offers an extensive portfolio of products in ambient lighting. GE manufactures and sells a variety of energy-efficient solutions for commercial, industrial, municipal, and residential applications worldwide, utilizing LED, fluorescent, halogen, and HID technologies. In addition, the company focuses on providing connected lighting in buildings using various software platforms. It offers a full range of lighting solutions and services for ceilings, parking lots, signage, displays, roadways, sports arenas, and other applications. In 2017, General Electric Company launched two major products in the Ambient Lighting segment-Warm & Comfortable: RELAX HD and Cool & Energizing: REFRESH HD. The company is also working with several other companies and government agencies in the US to implement LED technology and lighting management to help improve lighting at night to increase safety and security.

Related Reports:

Ambient Lighting Market by Offering (Hardware, and Software & Services), Type (Surface-Mounted Lights, Strip Lights, Track Lights, Recessed Lights, and Suspended Lights), End User, and Region - Global Forecast to 2023

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