The LED lighting industry is still waiting to be further observed

In addition to the scale effect, technological advancement has also contributed to the decline of the cost of the middle and lower reaches of the LED industry chain. New patents are emerging every year, and new processes are constantly being released, which makes the price of products continue to fall. In addition, it is a factor of price war. From 2010 to now, the gross profit of most companies has shown a downward trend. Research institutions believe that in the Chinese market, not only emerging LED manufacturers are actively deploying the LED light source market, but traditional lighting manufacturers with brand and pipeline advantages are also actively adopting a two-pronged approach of network and physical stores to expand the LED lighting business. At the government level, efforts are also being made to promote the development of the LED industry through subsidy policies. At the same time, the overcapacity caused by over-subsidization of upstream equipment and the collapse of enterprises will be resolved. It is expected that China's LED lighting products will increase by 86% in 2014. The LED industry is generally expected to be positive, and whether the outbreak may be analyzed carefully. LED is the trend of the times, but 2014 is still the process of accumulation of potential energy, and has not yet reached its peak. The substitution effect is exaggerated as to whether LEDs can quickly replace traditional lighting and cause the market to erupt, and further observation is needed. From the point of view of energy saving, under the current technical conditions, a 1 watt LED lamp can replace 7 watt incandescent lamp or 2 watt energy saving lamp. Roughly speaking, LED lamps are half the energy consumption of energy-saving lamps, and the energy-saving effect is remarkable. However, the energy consumption of lamps is almost insignificant compared to household appliances that are several kilowatts, so for many families, replacement The economic benefits are not obvious. The life of a general energy-saving lamp is 5 years or more. Under normal circumstances, unless the original lamp is damaged or the house is renovated, the power of the consumer to replace it is not enough. LEDs can only pose a threat to incandescent lamps in the short term, and the hotspots discussed outside the world are actually the plans for the elimination of incandescent lamps that are being introduced by various countries. According to China's roadmap for eliminating incandescent lamps, by October 1, 2016, the import and sale of incandescent lamps of 15 watts or more will be banned. It is not realistic to expect indoor lighting products to be replaced in a short period of time. Replacement should be a gradual release process. In his opinion, there should be more opportunities for the outdoor lighting market. Because some construction projects in the country and some municipal projects in the city are using LED products in large quantities. Obviously, if the replacement is carried out step by step, then the performance of the company should be steadily growing, and it is difficult to show a skyrocketing situation. Previously, the replacement process of incandescent lamps by energy-saving lamps may be used as a reference to some extent. Take Foshan Lighting as an example. It is known as China Light King and Cash Cow. It has always been a benchmark for the lighting industry. The reporter flipped through the annual report of Foshan Lighting from 2001 to 2012. Data show that in 2001, the company's main business income was 824 million yuan, and net profit was 173 million yuan. By 2012, the company's operating income was 2.202 billion yuan, and the net profit attributable to shareholders of listed companies was 400 million yuan. In other words, in the past 12 years, the company's revenue has probably increased to 2.7 times, and the profit has increased to 2.3 times. This speed is not very eye-catching, and this period is precisely the process of replacing incandescent lamps with energy-saving lamps. During this period, Foshan Lighting also gradually shifted its focus from ordinary incandescent lamps to energy-saving lamps. In its 2002 report of the board of directors, it was mentioned that T8, T5, energy-saving lamps, automobile lamps, lamps, etc. should expand production scale, accelerate development, and make the production scale to a new level and form the advantage of market competition. Another example is Sun Lighting, a listed lighting company. Its main business income in 2001 was 583 million yuan. In 2012, its operating income was 2.593 billion yuan, and the latter was 4.4 times the former. The main product types of Sunshine Lighting in 2001 have been integrated electronic energy-saving lamps, T5 high-power energy-saving fluorescent lamps. Although the energy-saving effect of energy-saving lamps has been greatly improved compared with incandescent lamps, even in 2010, the former replacement process for the latter is still not completed, and incandescent lamps still occupy 27%.

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