Intelligent lighting no longer has a promising future as it is neither warm nor hot

In recent years, with the recovery of the global economic situation and the development of China's LED industry, more and more enterprises have set sail overseas. The competition in the LED industry is fierce, and with the improvement of technology and production efficiency, product costs have decreased, providing space for price drops. At the same time, the homogenization of domestic LED products is severe.

With the arrival of the era of perception and intelligent interconnection of all things, the demand for intelligent street light interconnection is becoming increasingly strong. A data from relevant research structures shows that by 2025, the market space for intelligent street light renovation will reach 9.1 billion US dollars.

In recent years, with the recovery of the global economic situation and the development of China's LED industry, more and more enterprises have set sail overseas. The competition in the LED industry is fierce, and with the improvement of technology and production efficiency, product costs have decreased, providing space for price drops. At the same time, the homogenization of domestic LED products is severe. In order to expand market share, price wars are still an important means for major enterprises to compete in the market.

Although the demand for LED lighting continues to rise and largely replaces traditional lighting applications, oversupply has led to a decline in the average LED unit price. Due to the low added value of products, it is becoming increasingly difficult for domestic export enterprises to enter countries such as Europe and America. In recent years, domestic enterprises have been continuously exploring emerging markets, including some relatively backward regions, in order to seek development.

However, in fact, countries with outdated lighting applications and lower LED penetration rates are often the best places to explore and seize the market. But in the long run, if domestic enterprises want to remain invincible, they still have to rely on technology to win.

LED street lights have a penetration rate of nearly 40% in 2017. Smart street lights face challenges

With the improvement of LED chip and driver power technology, the problems that plague LED street lights, such as heat dissipation, light attenuation, and power supply, have been solved. At the same time, the continuous and rapid decline in prices has improved the cost-effectiveness of LED street lights.

Domestic LED street lights are gradually replacing traditional street lights as the main force for newly installed street lights. At the same time, the intelligent control characteristics of LED street lights in the future have further strengthened the advantages of LED street light products. In the current context of energy conservation and emission reduction, local governments have widely promoted LED street light products.

With the gradual withdrawal of Chinese government subsidies and the nearing end of street light renovation in developed coastal areas, China's LED street light renovation will enter a stage of benign and stable growth, and overseas markets will gradually become the driving force for future growth.

According to research data from the High Industry and Research Institute of LED (GGII), benefiting from the collective recovery of the domestic LED market, the size of China's domestic LED street light market reached 9.46 billion in 2016, a year-on-year increase of 15.4%. As of the end of 2017, the penetration rate of LED street lights in China was close to 40%.

At the same time, smart cities have gradually entered the substantive construction stage from conceptual exploration. With the acceleration of smart city construction and the widespread application of new generation information technologies such as the Internet of Things and cloud computing, the construction of smart street lights will usher in rapid development opportunities. It is expected that by 2020, the penetration rate of China's LED intelligent street light market will increase to around 40%.

Intelligent lighting in China has been popular in the field of LED lighting for many years. However, in the past few years, intelligent lighting has mostly been characterized by thunder, rain, and small spots, with the main body