The LED smart lighting market is undervalued

Speaking of the prospects of the LED smart lighting market, Shen Xiaohui, general manager of the marketing department of Philips Lighting Greater China, once said that in addition to energy saving, a greater advantage of LED is digitalization, which can be used as a carrier to realize urban intelligent interconnection, which will usher in another major change for the lighting industry.

At present, there are 300 million street lights in the world, only 12% use LEDs, and only 2% of them are interconnected, and the future market space is huge.

Professor Hsiao Hong-ching of National Taiwan University of Science and Technology is optimistic about the future development trend of smart lighting and estimates that the market size of smart lighting will reach US$15 billion in 2020. He optimistically pointed out that smart lighting is the future blue ocean light, and the combination of communication Internet of Things is the trend, but the interface specifications of the lighting industry need to be integrated first.

For domestic LED lighting companies, whether it is upstream LED chip factories, midstream LED packaging factories or even downstream lighting enterprises, in the face of rapid industry growth, increasingly fierce competition, and increasingly diluted profits, they can adopt the blue ocean strategy to redefine their performance growth points and achieve new transformation and development through differentiated competition in the field of intelligent lighting. Many companies are desperately competing for the smart lighting market, but in fact its value is often underestimated, and in the future it will not only be a 100 billion market, but at least more than a trillion.