The lighting industry is developing well. Strong companies have more potential in the future.

照明行业发展态势良好 实力强大企业未来更具潜力

As the global lighting industry gradually shifts to mainland China, the market scale of China's lighting industry is rising rapidly. According to the 'Deep Market Research and Investment Strategy Recommendation Report of the Lighting Industry in 2019-2023' released by the New World Industrial Research Center, the annual average compound growth rate of China's lighting industry sales was 15.5% from 2000 to 2017, and the overall trend kept rising. . According to the product, the lighting fixtures mainly include electric light sources and lighting fixtures. In 2018, the output of electric light sources in China was 15.9 billion, and the output of lighting fixtures was 3.6 billion units. China has become an important lighting industry in the world.

Compared with traditional lighting, LED lighting has the advantages of energy saving, environmental protection, long life, high power conversion rate, and the global LED lighting penetration rate is rising rapidly. Under this opportunity, China's LED lighting industry has taken the trend and entered a stage of rapid development. In 2013, China's LED lighting ushered in an outbreak, and the proportion of output value rose rapidly. In 2017, China's LED lighting industry's output value accounted for 85.0% of the total output value of the lighting industry; in 2018, China's LED lighting market reached 308.5 billion yuan, an increase of 20.9%. LED lighting has become an important part of China's lighting industry.

In 2018, China's landscape lighting market reached 93.6 billion yuan, a year-on-year increase of 17.5%. The landscape lighting market has developed rapidly and has become one of the biggest highlights of China's lighting industry. With the acceleration of China's urbanization process, the rapid development of night travel economy, the increasing frequency of urban international conferences, and the rising demand for landscape lighting in the tourism industry, it has brought huge development space for China's landscape lighting market. Landscape lighting will become an important driving force for the development of China's lighting industry.

In the field of circulation, in 2018, due to the impact of real estate regulation policies, increased proportion of integrated ceilings and diversion of e-commerce market, the sales of China's lighting industry in central cities decreased significantly, especially in the southeastern coastal areas. However, the revenue and profit level of some well-known enterprises including Op, Sidon and Qiyi still maintain steady growth, indicating that the awareness of the brand in the lighting market in China is constantly improving, the demand is gradually moving closer to the leading enterprises, and the profitability of small and medium-sized enterprises. Gradually decline. The polarization pattern of China's lighting industry tends to be obvious.

In the era of intelligence, the lighting industry is integrated with information technology such as big data, cloud computing, and Internet of Things to make lighting appliances more energy efficient, more convenient to use, and more user-friendly, in line with the development trend of smart homes. At the same time, intelligent lighting will greatly increase the added value of lighting equipment products, and provide power for the growth of the industry. It can be seen that intelligent lighting will become an inevitable choice for the improvement of technology and profitability in China's lighting industry.

According to new analysts in the industry, China is a big lighting industry. With the rapid increase of global LED lighting penetration, China has become the world's largest LED lighting producer. In the field of landscape lighting, landscape lighting will become the development of China's lighting industry. However, in the field of circulation, in addition to some well-known brand enterprises in China's lighting industry, a large number of enterprises have declined in sales, and market demand has gradually moved closer to leading enterprises. Overall, China's lighting industry is developing well, industry concentration is expected to increase, and strong companies will have more potential for future development.

Source: Qianjiawang