LONDON -- Based on its recent analysis of the lighting market, Frost & Sullivan recognizes Philips Lighting with the 2014 European Frost & Sullivan Lighting Company of the Year Award. Philips Lighting ensures that its concepts, innovations and technologies are geared towards providing the ultimate lighting experience. Thiscustomer-led business strategy, along with a clearfirst-mover advantage in various lighting segments has helped Philips gain a competitive edge over its competitors.
"Philips Lighting's best practices include the establishment of a central strategy team that tracks all current and Mega Trends, while working with each of the company's business and market groups to capture customer insights and market needs," said Frost & SullivanResearch Analyst Balaji Anand Sagar. "The company applies advancedlean manufacturing principles to improve its production processes and consistently exceed market expectations."
Some of the Mega Trends that underline Philips Lighting's strategy and product development efforts are 'urbanisation -- the world needs more light', 'the world needs moreenergy-efficient light', and 'the world needs more digital light'. These and other major trends such as the Internet of things (IOT) have driven the company's overall positioning as a diversified health and well-being company focused on improving people's lives through meaningful innovation.
Philips Lighting's connected lighting systems can provide facility managers with real-time information on energy consumption. Only this year the company introduced the first commercially available connected office lighting system usingpower-over-Ethernet, where workers can use their smart phone to personalize their office lighting. The system has commanded the market's attention as it is easy to install, incurs low operational expenditure, and influences users' productivity.
For the home sphere, the company has met with success with its flagship connected lighting system, Philips Hue. The system can be used to create personalised lighting effects from a palette of over 16 million colours to suit the desired ambience and mood of users. As a connected lighting solution, it can access Internet-based information, provide notifications, and be controlled through a smart phone, tablet or Hue Tap, which is a wireless switch that pre-sets users' favourite light settings.
"Intentionally designed with an open architecture and supplemented with software developer kits,Hue triggered the development of more than 200 third-party apps for the product," noted Frost & SullivanPartner and Energy DirectorJohn Raspin. "Though there are other wireless lighting systems similar toHue available in the market, none of them offer the richness of apps and such a comprehensive hardware and software ecosystem."
Earlier this year, Philips Lighting added the three-dimensional (3D) printed Hue luminaire to its portfolio -- the first ever 3D printed Web-enabled luminaire withHue integrated into it.
The company's LED (light-emitting diode)-based connected lighting systems produce high-quality light, have a longer lifetime than conventional lighting systems, and offer enriched functionality.
To improve city lighting management, Philips Lighting developed CityTouch, remote street lighting management software which enables city authorities to remotely control networked LED street lighting. When combined with LED lighting and controls, the Philips CityTouch system offers up to 70 percent energy savings over traditional street lighting.
Integral to Philips Lighting's success has been its firm four-pillar strategy. To lead the technological revolution with constant innovation in LED and win in the consumer market have been among the company's prime aspirational ideals. Additionally, to drive innovation inprofessional lighting systems and services by offering intelligent connected lighting technologies and new business models such as lighting as a service, has been a core tenet of its business strategy. Finally, the internal business improvement programme, 'Accelerate!' has ensured the application of best-in-class manufacturing techniques and operational excellence, and fuelled the company's growth in the lighting industry.