LED home lighting market is bullish


Posted January 6, 2023 by jojo123

Incandescent market farewell, what kind of lighting products will become the mainstay of the market? At present, the main types of common lighting sources in the domestic market are incandescent lamps,

 
Incandescent market farewell, what kind of lighting products will become the mainstay of the market? At present, the main types of common lighting sources in the domestic market are incandescent lamps, halogen lamps, high-pressure gas discharge lamps, fluorescent lamps, and LED lamps, of which fluorescent lamps have the largest market share. According to McKinsey survey data, the market share of fluorescent lamps in 2010 was 60%, followed by high-pressure gas discharge lamps accounting for 17%, halogen lamps and incandescent lamps accounting for 8%, and LED lights at 7%. At present, the market believes that future LED lamps will become the main product of home lighting.

In addition to the roadmap for the phase-out of incandescent lamps, on the other hand, China has issued a series of industrial policies since 2008 to support the energy-saving lighting industry. In 2012, the promotion scheme of financial subsidies for LED lighting products promoted the public and commercial lighting market increase. According to McKinsey's forecast, China's LED lighting market in 2016 will reach 56.4 billion yuan, accounting for about 46% of China's overall general lighting market.

Based on policy implications and market demand, the LED home lighting market is booming and has also become a new profit growth point for enterprises. Lighting industry-listed brand NVC lighting, for example, the 2015 annual report shows that the company revenue is 3.85 billion yuan, an increase of 10.8%, of which 2.22 billion yuan LED lighting revenue, is an increase of 81%. With the huge growth of home business space, NVC lighting has also started the "home business, business license to be two-wheel-drive," and through the Internet for distribution sales channels. According to the 2016 Semi-annual Report just released, the net profit attributable to shareholders of the listed company in the first half of the year (January-June) was 82.14 million yuan, a significant increase of 381.1% over the same period of last year. Among them, the gross profit margin of lighting products increased by 5.8% to 29.8% from the same period of last year. One of the reasons is that the proportion of household lamps with higher gross profit margins has gradually increased. LED Underwater Fishing Lights https://www.eneltec-led.com/led-marine-lights/led-underwater-fishing-lights.html

Insiders predict that in the next few years, home lighting will be the fastest-growing segment of LED lighting in one of the areas, LED home lighting this huge market will undoubtedly attract more LED lamp manufacturers to invest in its channels, but also be more attractive to dealers' Business concerns.
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Last Updated January 6, 2023