Signify Raises Prices on Philips Work Light Products

Due to cost pressures from raw material shortages, continuous price increases, and exchange rate fluctuations, Signify (formerly Philips Lighting) announced in early 2026 that it would raise sales prices for Philips-branded traditional lighting products effective February 1, 2026, with resale prices for some models increasing by as much as 50% . Additionally, effective March 1, 2026, prices for its professional lighting products for engineering channels will increase by 5% to 10% , affecting multiple product lines including industrial, office, and road lighting.