Intelligent lighting is no longer 'lukewarm', with promising prospects

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 has provided space for price reduction. At the same time, there is serious homogenization of domestic LED products.

With the arrival of the era of perception of all things 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 smart 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 has provided space for price reduction. At the same time, the homogenization of domestic LED products is serious. In order to expand market share, price wars are still an important means for major enterprises to compete for the market.

Although the demand for LED lighting continues to rise and replace traditional lighting applications in large numbers, oversupply has led to a decline in average LED unit prices. 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However, in fact, countries with outdated lighting applications and lower LED penetration rates are often the best places to explore and seize the market. But in the long run, domestic enterprises still need to rely on technology to win in order to remain invincible.

LED street lights have a penetration rate of nearly 40% in 2017, and smart street lights are facing challenges

With the improvement of LED chip and driving power technology, the problems of heat dissipation, light decay, power supply, etc. that plague 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 installing new street lights. At the same time, the intelligent control characteristics of LED street lights in the future will further strengthen 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 gradual withdrawal of subsidies from the Chinese government and the nearing completion of streetlight renovation in developed coastal areas, China's LED streetlight 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 the GGII LED Research Institute, benefiting from the collective recovery of the domestic LED market, the size of China's domestic LED street light market reached 9.46 billion yuan in 2016, a year-on-year increase of 15.4%. As of the end of 2017, the penetration rate of domestic LED street lights 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 smart street light market will increase by about 40%.

Domestic intelligent lighting has been hot in the field of LED lighting for many years. However, in the past few years, intelligent lighting has mostly been a case of thunder and rain, 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, and smart lighting is no longer lukewarm. Smart lighting standing at the wind outlet shows unlimited financial prospects.

Looking back on the past few years, the term 'intelligence' has become a hotly discussed term in the LED lighting and electrical industry. Many LED lighting electrical companies are testing the waters in the smart field, and distributors are also paying attention to smart products and their market demand, profitability, etc. The vast number of LED lighting manufacturers seem to have smelled the beautiful prospects of the smart lighting (home) field.

Although LED lighting electrical companies have made efforts to explore and try, there have been no outstanding smart lighting (home) companies, and the popularity of the smart lighting (home) market is not satisfactory. But fortunately, as we enter 2017, the situation has improved, showing that smart lighting (home) has already 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, OPPO, Leishi, Sanxiong Aurora, and Jinli actively layout the smart lighting (home) industry. These enterprises focus more on the research and development of smart lighting technology on the basis of the original advantages of LED lighting electricians, and are now at the forefront of the development of smart lighting (home).