Since the 21st century, to cope with global climate change, improve energy efficiency, and realize green environmental protection and other issues, the European Union, the United States, South Korea, Canada, China, and many other countries, regional governments have introduced a ban on traditional incandescent lamps, support the development of LED lighting industry policy.
By the policy favor, LED lighting products gradually expand the application in the field of lighting, realized in the home, commercial, office, industrial, and other lighting areas of traditional lighting products, large-scale upgrading, the industry chain into a rapid development stage.
According to Frost & Sullivan data, the global development trend is similar, after experiencing a rapid development of the upward period, the current LED lighting market has gradually matured, a stable growth trend. According to the downstream application link output value calculation, the 2021 domestic LED lighting market size of 655.2 billion yuan, is expected in 2026, the market size is expected to grow to 738.6 billion yuan, and the 2022-2026 CAGR is 2%.
1、OPPLE
Domestic General Lighting Leader was founded in 1996, mainly engaged in lighting light sources, lamps, control products, research and development, production, sales, and service business, the main products are home lighting fixtures, light sources, commercial lighting fixtures, and lighting control four categories.
According to the official website, the company was established at the beginning of the company focused on the development of energy-saving lamps, ceiling lamps, and other commercial lighting and electrical products, and vigorously expanded marketing channels; after 2013, the company began to promote the popularization of LED products, and the first LED automated production line was officially put into production in 2013.
After 2019, due to the slowdown in industry growth, the company opened the digital and intellectual transformation, increased investment in research and development, optimized product platform development to help reduce costs and improve efficiency, and embraced whole-house intelligent lighting. According to the annual report, in 2021, the company's R&D expenses were 320 million yuan, and the R&D expense rate in 2018-2021 was maintained between 3.5% and 4%, and the absolute value of R&D expenses was located in the first of the major companies in the same industry.
Currently, the company's product layout is comprehensive, and the existing basic single product has been covered to the downlight, ceiling lamp, decorative lamp, table lamp, switch, and other lighting and extension products, while also actively developing new categories such as patented fan lamps, bath heater and other new categories, and launching the whole-house lighting intelligent solutions.
Nowadays, with the continuous maturation of technology, LED lighting products have not only to meet the general lighting needs but also according to the different application scenarios derived from a variety of application areas. In the future, with the rapid development of the industry segments, which companies are expected to take the lead in realizing rapid growth?
Among them, the company's new fan light in the product lightweight, mute index, air volume level, and other performance aspects have been a breakthrough in independent intellectual property rights; new bath heater products in the heating effect, bathing experience, and human-computer interaction has achieved industry-leading results.
In the field of whole-house lighting home, according to the company's investor platform response, the company has realized intelligent interconnection with Huawei, millet, Baidu, and many other ecological platforms, and is also actively building its smart home ecosystem, to complete the development of a variety of intelligent products and connections.
In terms of channels, the company's diversified layout of home, commercial, e-commerce, and overseas channels, the business has covered Europe, Asia-Pacific, the Middle East, South Africa, and more than seventy countries and regions, with more than 150,000 various types of terminal sales outlets.
2、TOSPO
General lighting export leader, founded in 1996, mainly engaged in green lighting products, research and development, production, sales, and service business.
According to the official website, the company was established to establish an export-oriented enterprise positioning, In 1999, the company's products were successfully exported to the United States and obtained UL and other certificates, the export business gradually covered North America, South America, Europe, Asia and other countries and regions, exports ranked among the top three in the industry.
After 2011, the company transformed into green lighting products and began to engage in the production and sale of LED lighting products, products from a single energy-saving lamp category expansion for energy-saving lamps, LED lamps and lanterns, lighting electronics, and outdoor lighting fixtures and lanterns in four categories.
In 2018, the company began to formally lay out the automotive business, with the experience and technology accumulation, In 2021, focused on the "vehicle controller + automotive lighting" automotive business development strategy, and accelerated the industrial chain layout through acquisitions and other ways.
At present, the company's product matrix is rich, has covers the civil, commercial, and automotive three categories. Among them, civil lighting products mainly include LED light sources and integrated civil lamps and lanterns; commercial lighting products include street lamps, safety lamps, etc., which are used in industrial, road, and educational lighting; in the automotive series, the company's products mainly include lamp structure parts, headlight controller LDM, etc.
According to the annual report, in the production of general lighting, the company now has the ability of vertical integration of the supply chain of the key components self-made, with four major production bases (Hengdian, Ruijin, Vu Ninh, Hanoi) as well as more than 200 intelligent automated and semi-automated production lines.
Thanks to the experience accumulated in the field of general lighting driver and the partnership established with Panasonic, the company has currently realized the batch supply of headlight controller products and Huazhou Vision, Wanxiang, Zero Run, HELLA, and Sanli, and other companies to establish a good working relationship.
3、FSL
Domestic general lighting field leader, was founded in 1958, mainly engaged in general lighting, electrical products, automotive lighting, LED packaging and other products, research and development, production, sales, and service business, the main products are LED light source, LED lamps and lanterns, switches, sockets, intelligent door locks, automotive lamps (headlights, rear combination lamps, reversing lamps, fog lamps, etc.) and traditional lighting and lighting integrated solutions.
According to the official website, the company is the first listed enterprise in the domestic lighting industry and has been deeply engaged in the lighting industry for more than 60 years. 2012, the company transformed from traditional lighting to LED lighting; in 2016, the company entered the field of electrician; after 2017, the company opened to set up the business of automotive lamp modules;
In 2021, through the acquisition of lamp manufacturers nanning prairie wang, the company officially cut into the automotive lighting track; in 2022, through the acquisition of LED encapsulation enterprise NATIONSTAR, the company vertically integrated to form the chip - encapsulation - module - lamps and lanterns of the LED vertical integration industry chain.
According to the announcement, NATIONSTAR began in 1976 to layout engaged in the LED encapsulation business, is one of the world's leading LED encapsulation industry, the existing product layout has realized a P1.5-P0.4 full range of coverage, of which the IMD-M07 series has realized the scale of mass production.
According to the annual report, at present, the company has in Henan Xinxiang, Foshan Gaoming, Guangxi Nanning and other regions built some production bases, with lighting products scale production strength. By 2021, the company's annual production of lighting products has totaled 690 million.
In recent years, in the development of home, commercial, industrial, municipal roads and landscape lighting and other general lighting field at the same time, the company is also actively in intelligent lighting, marine lighting, animal and plant lighting, 5G intelligent light poles, health lighting and other emerging lighting field layout.
Among them, in the field of marine lighting, the company has mastered more than 16 related patents technology, technology covering the LED set of fish lights, dock lighting, aquaculture lighting, and deep sea lighting products.
4、Sanan
Domestic LED chip leader, founded in 2000, mainly engaged in full-color ultra-high brightness LED epitaxial wafer, chip, and compound semiconductor materials and devices, such as research and development, production, and sales business, the main products are LED chips, LED should supplies, a sapphire substrate, optical communication chips, and integrated circuits, etc., which can be widely used in lighting, display, photovoltaic, big data, cloud computing, electric vehicles, and other scenarios.
According to the official website, at the beginning of its establishment, the company was mainly engaged in LED business. After that, through continuous technology accumulation and capacity expansion, the company's business has gradually extended to the upstream sapphire substrate of the industrial chain and the downstream LED packaging field.
Meanwhile, following the development trend of the industry, the company also actively promotes the business layout of Mini/Micro LED, automotive LED, UV/IR LED plant lighting, and other sub-industries, and enters the compound semiconductor field by the accumulation in the LED field.
At present, the company has completed the whole industrial chain layout of LED manufacturing, forming a complete layout from substrate to finished products. Calculated according to the production capacity, according to CSA data, in 2020, the company occupies a total of 28% of the domestic LED market share, in the leading position in the industry.
The company focuses on R&D and innovation, with a postdoctoral workstation recognized by the Ministry of Personnel of the State, a national enterprise technology center, and a number of R&D centers, with strong R&D strength. According to the annual report, through continuous R&D investment, the company currently has a strong technological advantage, can provide a full range of wavelength LED products, covering all visible and invisible spectrum, and product luminous efficacy and other performance indicators leading advantage.
Among them, in the segmented Mini LED field, the company has established a deep cooperative relationship with international leading customers such as S004, and A006, and some of the products have been introduced to the market, at the same time, applicable to TCL, Huaxing, and other domestic customers of the TV, notebook Mini LED backlighting solutions have also entered into the small batch production.
5、Inventronics
Domestic LED drive power leader, was founded in 2007, focusing on LED drive power supply research and development, production, sales, and technical services and providing intelligent LED drive power solutions and other businesses, the main products are medium and high-power LED drive power supply, can be widely used in industrial lighting, road lighting, landscape lighting, plant lighting and health lighting and many other fields.
The company focuses on plowing into the LED drive power industry, and the products at the early stage of establishment are mainly constant current and constant voltage; after 2011, the company's main products have gradually developed into intelligent programmable drive power supply, and have been exported to more than 50 countries around the world. According to statistics, by 2015, the company has developed into a global sales ranking of the top LED drive power supplier.
The company focuses on R&D and innovation, and its R&D expense ratio has been stabilized at about 7% all year round, which is in the leading position in the industry. According to the annual report, only as of the first half of 2022, the company has 272 authorized patents, of which there are 136 Chinese invention patents and 23 American invention patents.
Through continuous R&D investment, the company made a key breakthrough in 2020, successfully realizing the mass production of several LED driver products such as EUM-B series, EUM-L series and EAM series, ESM series.
Thanks to its strong R&D strength, the company's LED driver power supply products in production cover a comprehensive range of products and have been certified in more than 20 countries and regions around the world. According to the annual report, as of the end of 2022, the company has 13 production line bases in Tonglu, Zhejiang, and 2 production bases in India and Mexico overseas, of which the monthly production capacity of LED driver power supply of the domestic base reaches 1.2 million +.
In recent years, on the basis of consolidating the original business, the company also according to market demand, actively layout cut into plant lighting, sports lighting, explosion-proof lighting, fishery lighting, security monitoring, UV LED, and other emerging applications.
Among them, in the field of plant lighting, the company in the second half of 2020 began to plan the force, has launched the EUM-Mx series of LED driver power supply and other products, which can meet the needs of most countries and regions at the same time, and has been successfully applied in many domestic and foreign projects.
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