Signify Philippines, a key player in the local lighting industry, projects growth of 8% to 12% by 2026. This optimistic forecast stems from strengthened private-to-public partnerships and an expanding manufacturing sector.
Strategic Partnerships and Infrastructure Projects
We're looking at maybe 8% to 12% growth this year.
Redin Aliling, Commercial Lead for Professional Business
- Ongoing projects with local governments in Baguio, Ormoc, and Manila
- Focus on solar lighting, office lighting, and façade beautification
Signify is currently involved in several government lighting projects, including solar and street lighting initiatives. Aliling highlighted plans to increase the share of government projects in their portfolio from 10% to 15%.
The manufacturing sector's growth is expected to further boost Signify's business. Aliling noted that as manufacturing expands, related sectors such as warehousing and transportation are also likely to thrive.
On a broader scale, the LED lighting market in the Philippines is projected to grow from $692.95 million in 2025 to $2.415 billion by 2035, with a compound annual growth rate of around 13.3%. This growth is driven by increased infrastructure spending and the adoption of smart lighting.
Despite the positive outlook, Aliling pointed out challenges, including a lack of awareness regarding regulations and the initial costs of adopting advanced lighting technologies. Signify aims to address these issues through educational initiatives.