<\/p>\n
Signify Philippines, the local arm of one in all the world\u2019s leading lighting manufacturers, said it’s expecting as much as double-digit growth by year-end, driven mainly by stronger private-to-public partnerships (P2P) and growing demand from the manufacturing sector.<\/p>\n
\u201cWe grew last 12 months. We\u2019re aiming for a similar growth this 12 months. We\u2019re taking a look at possibly 8% to 12%,\u201d Redin Aliling, business lead for skilled business at Signify Philippines, said during a media roundtable lunch on Thursday.<\/p>\n
The corporate has various ongoing lighting projects with the federal government, including partnerships with the local governments of Baguio, Ormoc, and Manila, in addition to an ongoing railway project. These mainly cover solar lighting, street lighting, office lighting, and fa\u00e7ade beautification, Mr. Aliling said.<\/p>\n
He added that Signify has more P2P projects within the pipeline and is actively expanding partnerships with more local government units (LGUs) with strong financial capability, as a part of efforts to extend the federal government\u2019s share in its total project portfolio from around 10% to as much as 15%.<\/p>\n
\u201cWe\u2019re still low. That\u2019s the world where we wish to go. We are able to grow to around 15% yearly. Then I feel we are going to call it an accomplishment,\u201d Mr. Aliling said.<\/p>\n
The manufacturing sector can be seen as a key growth driver for the corporate this 12 months, citing its continued expansion.<\/p>\n
\u201cThere\u2019s a boom in manufacturing recently,\u201d Mr. Aliling said. \u201cNow, if manufacturing is growing, all industries related to it can even have strong potential, equivalent to warehousing and transportation. All related sectors will profit from that.\u201d<\/p>\n
Signify Philippines\u2019 growth can be expected to be supported by recent technologies and products currently in development.<\/p>\n
On a national scale, the Philippines\u2019 LED (light-emitting diode) lighting market was valued at US$692.95 million in 2025 and is projected to succeed in US$2.415 billion by 2035, with a compound annual growth rate (CAGR) of around 13.3%, in keeping with global market research firm Claight.<\/p>\n
It noted that the country\u2019s growth will probably be driven by increased government infrastructure spending, declining LED hardware costs, rising business and residential retrofits, and the expansion of smart lighting deployments.<\/p>\n
Despite an optimistic growth outlook, Mr. Aliling said that a lack of information regarding regulations and upfront costs for adopting more advanced lighting technologies stays a possible bottleneck to the corporate\u2019s growth.<\/p>\n
Signify Philippines is addressing this by continuing its education initiatives and fascinating each private and non-private sector stakeholders on the importance of investing in additional advanced and sustainable lighting technologies, he said. \u2014 Edg Adrian A. Eva<\/strong><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" REUTERS Signify Philippines, the local arm of one in all the world\u2019s leading lighting manufacturers, said it’s expecting as much as double-digit growth by year-end, driven mainly by stronger private-to-public partnerships (P2P) and growing demand from the manufacturing sector. \u201cWe grew last 12 months. We\u2019re aiming for a similar growth this 12 months. We\u2019re taking […]<\/p>\n","protected":false},"author":1,"featured_media":342504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[3431,2364,3731,52250],"class_list":["post-342503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-growth","tag-philippines","tag-sees","tag-signify"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/342503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=342503"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/342503\/revisions"}],"predecessor-version":[{"id":342506,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/342503\/revisions\/342506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/342504"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=342503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=342503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=342503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}