Navigant Research ranks Philips Lighting as Leading Influencer for IoT in Lighting

March 1, 2018

  • Market research firm ranks Philips Lighting as the top scoring Leader in its new report Navigant Research Leaderboard: IoT in Lighting 
  • Navigant Research forecasts IoT lighting to grow to $5.5 billion by 2027

 

Eindhoven, the Netherlands -  Philips Lighting (Euronext: LIGHT), the world leader in lighting, announced that it has been ranked as the leading Influencer in a new Leaderboard report on Internet of Things (IoT) lighting for the commercial building market from industry market research firm Navigant Research.

 

The report entitled, Navigant Research Leaderboard: IoT in Lighting assessed 15 lighting suppliers based on nine criteria: vision, go-to-market strategy, partners, technology, geographic reach, sales & marketing, solution performance, solution portfolio, and staying power.

 

Navigant Research defines the concept of IoT in lighting as adding value beyond illumination.  Lighting in IoT is focused on connected lights and luminaires that gather information on their performance and the environment devices around them. Providing customers with new lighting experiences and data-based insights.

  

Navigant Research forecasts this market to grow strongly, to $5.5 billion globally by 2027, from just over $800 million in 2018, driven by advancements in technology and customer demand for increased data and building insight.

 

Philips Lighting was rated highly across all criteria for its’ end-to-end IoT lighting. According to the report: “Philips Lighting is a recognized name within the lighting industry and is on the forefront of new technology developments for IoT lighting solutions, which provides the company a strong staying power within this market.” 

 

An executive summary of the report is available for free download from the Navigant Research website.

For further information, please contact:

Philips Lighting Industry analyst relations

Marlies Roest

Tel: +31 6 11 32 21 41

Email: marlies.roest@philips.com   

 

Navigant media relations

Lindsay Funicello-Paul                                    

Tel: +1.781.270.8456 

Email: lindsay.funicello.paul@navigant.com 

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Philips Lighting

Philips Lighting (Euronext: LIGHT), the world leader in lighting products, systems and services, delivers innovations that unlock business value, providing rich user experiences that help improve lives. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to transform homes, buildings and urban spaces. With 2017 sales of EUR 7.0 billion, we have approximately 32,000 employees in over 70 countries. News from Philips Lighting is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.