Philips to light up inland cities with greater manpower
By Zhong Nan | China Daily | Updated: 2016-02-04 08:17
Philips Lighting, a business sector of the Netherlands-based company Royal Philips NV, will deploy more resources and manpower in China's lower-tier and western cities over the next three years.
The Dutch company will introduce more products, including connected lighting systems, LED lighting and smart lighting products, and large-scale lighting equipment for the sport, hospitality and manufacturing sectors into China.
The global market value of intelligent lighting products is expected to reach $8.14 billion by 2020. In China, developing and promoting the use of such products has been included in the country's Made in China 2025 strategy, according to MarketsandMarkets, a market research and consulting company based in India.
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