As energy conservation and environmental protection receive more and more attention, low-efficiency light sources will eventually be eliminated. Encouraging the use of high-efficiency light sources has become a core part of lighting policies in many countries around the world. Many countries have formulated a road map for the phase-out of incandescent lamps and gradually ban the production and sale of incandescent lamps.
In terms of green lighting products, there are currently two main types of light sources, namely compact fluorescent lamps and LED lighting. The compact fluorescent lamp has been developed for a long time, the production technology is very mature, the supply of raw materials is sufficient, and the price is relatively low. Therefore, it is still the mainstream product in the green lighting market.
LED lighting products are more energy-efficient, more environmentally friendly and intelligent, and are the future development direction of green lighting in the long run. With the advancement of LED technology and the large-scale release of production capacity, the price of LED lighting products has continued to drop, driving the rapid development of LED lighting.
According to the "LED Lighting Industry Market Investment Analysis Report" released by the Foresight Industry Research Institute, the global LED lighting industry in 2015 was US$29.908 billion, an increase of 24.84% from US$23.957 billion in 2014. LED penetration in terms of output value The rate is 27.2%. In 2016, the global LED lighting industry scale will reach 34.639 billion U.S. dollars, and the penetration rate in terms of output value will reach 31.30%.
Due to the “environmental protection storm”, by the end of 2016, there were 4 rounds of price increases in the LED industry. As a result, the price increase of lighting products ranges from 5% to 15%, with an increase of 8% in the majority. The price wars of LED products have been fierce before, and it is not uncommon to sacrifice quality and profit to grab the market. This price increase has exposed a large number of companies that intend to profit from the price war, and to a certain extent, promotes the industry to return to rational competition and move towards a healthy direction. develop.
With the withdrawal of foreign companies and the intensification of industry integration, the concentration of the LED lighting industry has steadily increased, and the industry is showing a situation of Evergrande. According to the financial report data of the first three quarters of 2016, the top ten vendors in terms of revenue are expected to exceed 2 billion yuan in 2016, and 4-5 vendors will enter the 5 billion yuan club. The total revenue of the top ten manufacturers in revenue accounted for 8% of the total output value, an increase of 0.8 percentage points from 7.2% in 2015.
Facing the trend of high industry concentration and falling prices of LED lighting products, domestic LED companies are looking for transformation, individualization, and differentiated development. From the perspective of the overall LED industry in 2016, it is the chip companies extending semiconductor integration. Circuit, midstream packaging to expand market segments, downstream lighting, education and media fields.
Looking back on the development path of the LED lighting industry in 2016, in this year, four rounds of price increases indicate that the price of this industry has touched the bottom line, the price war is coming to an end, and industry integration will further intensify; the industry continues Concentration presents the trend of being the big one, and the development of individualization and differentiation has become a new way out; in the future, there will be more capital operations to achieve corporate growth.
