Smart lighting is no longer "tepid", the prospects are promising

In recent years, with the recovery of the global economic situation and the development of my country’s LED industry, more and more companies have set sail overseas. The competition in the LED industry is fierce. With the improvement of technology, the improvement of production efficiency and the reduction of product costs provide room for price reduction. At the same time, the homogeneity of domestic LED products is serious.

With the advent of the era of perception and intelligent interconnection of all things, the demand for interconnection of intelligent street lights is becoming more and more prosperous. A data from a related research structure shows that by 2025, the market space for smart street lamp transformation will reach 9.1 billion U.S. dollars.

In recent years, with the recovery of the global economic situation and the development of my country’s LED industry, more and more companies have set sail overseas. The competition in the LED industry is fierce. With the improvement of technology, the improvement of production efficiency and the reduction of product costs provide room for price reduction. At the same time, the homogeneity of domestic LED products is serious. In order to expand market share, price wars are still an important means for major companies to win the market.

Although the demand for LED lighting continues to rise and replace traditional lighting applications in large numbers, the oversupply makes the average LED unit price drop. Due to the low added value of products, it is increasingly difficult for domestic export companies to enter Europe and the United States and other countries. In recent years, domestic companies have continuously explored emerging markets in order to seek development, including some relatively backward regions.

However, in fact, those countries where the application of lamps are lagging behind and the penetration rate of LEDs is getting lower, they are often the best places that are worth pioneering and seizing the market. But in the long run, if domestic companies want to remain invincible, they have to rely on technology to win.

The penetration rate of LED street lights in 2017 is close to 40%. Smart street lights meet challenges

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