PHILIPS LIGHTING
By adopting segmented business streams , the company is set remain a key player in home luminaires
Philips Home Luminaires is part of the larger Royal Philips NV , which is a diversified health and well-being company , focused on improving people ’ s lives through meaningful innovation in the areas of healthcare , consumer lifestyle and lighting . The company is a leader in cardiac care , acute care and home healthcare , energy-efficient lighting solutions and new lighting applications , as well as male shaving and grooming and oral healthcare .
Philips Lighting is addressing an attractive global market that is valued in excess of EUR65 billion . There are many dynamics affecting the market , the most prominent being the movement from the use of replacement light bulbs ( both conventional , and LED ) to an embedded LED light source , where the luminaire consists of a light source that does need to be replaced .
Further impetus comes as a result of LED making more innovative designs possible , and the additional capabilities offered by connected light , where the user can control their own environment , including the ability to change brightness and colour , as well as being able to turn lights on or off from their smart phone , even when outside the home .
By keeping abreast of these latest trends in both technology , and consumer demand , the Home Luminaires business is seeking to expand over the coming years . However , it can only do this profitably by producing products that are relevant to local tastes whilst
42 December 2015