Intelligent lighting is no longer "lukewarm" with promising prospects

2019-06-19 19:22

In recent years, with the recovery of the global economic situation and the development of China's LED industry, more and more enterprises have set sail overseas. The competition in the LED industry is fierce. With the improvement of technology and production efficiency, the decrease in product costs provides space for price reduction. At the same time, the homogenization of domestic LED products is severe.

With the advent of the era of perception and intelligent interconnection, the demand for intelligent street light interconnection is becoming increasingly strong. A data from relevant research structures shows that by 2025, the market space for intelligent street light renovation will reach 9.1 billion US dollars.

In recent years, with the recovery of the global economic situation and the development of China's LED industry, more and more enterprises have set sail overseas. The competition in the LED industry is fierce, and with the improvement of technology and production efficiency, the decrease in product costs provides space for price reduction. At the same time, the homogenization of domestic LED products is severe. In order to expand market share, price wars are still an important means for major enterprises to compete in the market.

Although the demand for LED lighting continues to rise and largely replaces traditional lighting applications, oversupply has led to a decline in the average LED unit price. Due to the low added value of products, it is becoming increasingly difficult for domestic export enterprises to enter countries such as Europe and America. In recent years, domestic enterprises have been continuously exploring emerging markets, including some relatively backward regions, in order to seek development.

However, in fact, countries with outdated lighting applications and lower LED penetration rates are often the best places to explore and seize the market. However, in the long run, domestic enterprises need to rely on technology to win in order to remain invincible.

LED street lights had a penetration rate of nearly 40% in 2017, and intelligent street lights faced challenges

With the improvement of LED chip and driver power technology, the problems of heat dissipation, light attenuation, and power supply that are troubling LED street lights have been solved. At the same time, the continuous and rapid decline in prices has improved the cost-effectiveness of LED street lights.

Domestic LED street lights are gradually replacing traditional street lights as the main force for newly installed street lights. At the same time, the intelligent control characteristics of future LED street lights have further strengthened the advantages of LED street light products. In the current context of energy conservation and emission reduction, local governments are widely promoting LED street light products.

With the successive withdrawal of Chinese government subsidies and the nearing end of street light renovation in developed coastal areas, China's LED street light renovation will enter a stage of benign and stable growth, and overseas markets will gradually become the driving force for future growth.

According to research data from GGII, benefiting from the collective recovery of the domestic LED market, the size of China's domestic LED street light market reached 9.46 billion in 2016, a year-on-year increase of 15.4%. As of the end of 2017, the penetration rate of LED street lights in China was close to 40%.

At the same time, smart cities are gradually entering the substantive construction stage from conceptual exploration. With the acceleration of smart city construction and the widespread application of new generation information technologies such as the Internet of Things and cloud computing, the construction of smart street lights will usher in rapid development opportunities. It is expected that by 2020, the penetration rate of China's LED intelligent street light market will increase by about 40%.

Intelligent lighting in China has been popular in the field of LED lighting for many years. However, in the past few years, intelligent lighting has been mostly booming with little impact, mainly reflected in the fact that the domestic intelligent lighting industry has not yet formed a certain scale, the market acceptance is low, and the intelligent lighting technology is not mature. In 2017, this situation has greatly improved. Intelligent lighting is no longer lukewarm, and standing in the wind, intelligent lighting has become even more cost-effective.

Looking back on the past few years, the term intelligence has become a hot topic of discussion in the LED lighting and electrical industry. Many LED lighting and electrical companies are exploring the field of intelligent lighting, and distributors are also paying attention to intelligent products and their market demand, profitability, etc. It seems that the majority of LED lighting manufacturers have smelled the beautiful financial landscape in the field of intelligent lighting (home).

Although LED lighting electrician companies have made efforts to explore and try, intelligent lighting (home) companies with outstanding performance have not emerged, and the popularity of the intelligent lighting (home) market is not satisfactory. But fortunately, as we enter 2017, the situation has improved, showing that smart lighting (home) has taken the lead and is waiting to soar! In 2017, Internet plus also quickly became a tool for the transformation and upgrading of LED lighting electrician industry. At the same time, under the huge market potential, cross-border giants such as Huawei, Haier, Midea, Xiaomi, etc. entered the field of intelligent lighting (home), and attracted a lot of capital and innovative technology. Intelligent lighting (home) quickly matured.

In addition, in the LED lighting industry, traditional giants such as Hongyan, Oupu, Leishi, Sanxiong Aurora, and Jinli are actively laying out the intelligent lighting (home) industry. These enterprises have focused more on the research and development of intelligent lighting technology on the basis of the original advantages of LED lighting electricians, and are now at the forefront of the development of intelligent lighting (home).