Currently, products are manufactured in Europe and then transported to North America by boat. The products that are manufactured in Mexico will directly be transported to customers in North America, resulting in fewer delays and making shipments more reliable. We will continue to produce Philips GreenPower LEDs in Europe to service customers in other parts of the world.
The horticulture market is projected to grow by more than 20% per year until 20251, making it one of Signify’s key growth areas. Signify distinguishes itself through a customer-centric approach in which a key account manager, plant specialist and application engineer work together with a customer to offer the grower a business case, financial services, plant growth expertise, installation expertise, LED systems and community networking.
The Philips GreenPower LED range includes toplighting, interlighting, flowering lamps and production modules.
 Reportlinker: The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023 at a CAGR of 20.61 from 2018 to 2023