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Key Competitors
Philips Lighting (Signify)
Acuity Brands
OSRAM
Philips Lighting (Signify)
Global market leader in lighting
Extensive product portfolio across various segments
Strong R&D capabilities and innovation in IoT
Complex organizational structure
High overhead costs affecting pricing
Brand perception sometimes associated with traditional lighting rather than cutting-edge tech
Growing smart lighting and IoT market
Expansion into new geographies and emerging economies
Strategic acquisitions to broaden capabilities
Intense competition from local and niche players
Rapid technological obsolescence
Economic downturns affecting construction and infrastructure spending
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