Signify Philippines, the local arm of one of the world’s leading lighting manufacturers, said it is expecting up to double-digit growth by year-end, driven mainly by stronger private-to-public partnerships (P2P) and growing demand from the manufacturing sector. “We grew last year. We’re aiming for the same growth this year. We’re looking at maybe 8% to […]
Signify Philippines, the local arm of one of the world’s leading lighting manufacturers, said it is expecting up to double-digit growth by year-end, driven mainly by stronger private-to-public partnerships (P2P) and growing demand from the manufacturing sector.
“We grew last year. We’re aiming for the same growth this year. We’re looking at maybe 8% to 12%,” Redin Aliling, commercial lead for professional business at Signify Philippines, said during a media roundtable lunch on Thursday.
The company has various ongoing lighting projects with the government, including partnerships with the local governments of Baguio, Ormoc, and Manila, as well as an ongoing railway project. These mainly cover solar lighting, street lighting, office lighting, and façade beautification, Mr. Aliling said.
He added that Signify has more P2P projects in the pipeline and is actively expanding partnerships with more local government units (LGUs) with strong financial capacity, as part of efforts to increase the government’s share in its total project portfolio from around 10% to up to 15%.
“We’re still low. That’s the area where we want to go. We can grow to around 15% yearly. Then I think we will call it an accomplishment,” Mr. Aliling said.
The manufacturing sector is also seen as a key growth driver for the company this year, citing its continued expansion.
“There’s a boom in manufacturing recently,” Mr. Aliling said. “Now, if manufacturing is growing, all industries associated with it will also have strong potential, such as warehousing and transportation. All related sectors will benefit from that.”
Signify Philippines’ growth is also expected to be supported by new technologies and products currently in development.
On a national scale, the Philippines’ LED (light-emitting diode) lighting market was valued at US$692.95 million in 2025 and is projected to reach US$2.415 billion by 2035, with a compound annual growth rate (CAGR) of around 13.3%, according to global market research firm Claight.
It noted that the country’s growth will be driven by increased government infrastructure spending, declining LED hardware costs, rising commercial and residential retrofits, and the expansion of smart lighting deployments.
Despite an optimistic growth outlook, Mr. Aliling said that a lack of awareness regarding regulations and upfront costs for adopting more advanced lighting technologies remains a likely bottleneck to the company’s growth.
Signify Philippines is addressing this by continuing its education initiatives and engaging both public and private sector stakeholders on the importance of investing in more advanced and sustainable lighting technologies, he said. — Edg Adrian A. Eva
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