In The Lighting Industry, The Story Of Market Segmentation Is Just Beginning

In 2021, benefiting from the obvious growth of downstream demand, the entire LED industry chain maintained the momentum of both production and sales in the first half of the year, and the overall revenue and net profit of the industry also increased significantly.

But since entering the fourth quarter, the growth of the entire LED industry has slowed down significantly, early winter.

For LED lighting, after more than ten years of development, the penetration rate in the domestic market has reached nearly 90%, and the future growth is obviously weak.

The latest customs statistics show that in February 2022, the country's exports of lamps, lighting fixtures and their parts were 46.76 billion yuan, down 8.2 percent year-on-year.

With the general lighting market showing sluggish growth and declining exports, the key is to break out in the lighting segments such as health lighting, smart lighting, landscape lighting, automotive lighting, plant lighting and UV LED lighting.

Intelligent lighting "tuyere" has come, acceptance to be improved

"Intelligent lighting is a market with huge potential and will become a major trend and competition in the lighting industry."