Lighting appliances: Economic growth is concentrated in energy-efficient products




In 2006, the lighting industry as a whole has recovered. Among them, we focus on the electric light source industry because of the scope of listed companies. The electric light source accounts for about 20% to 25% of the sales of the lighting industry, which is close to the world average. In 2006, the electric light source sub-sector also showed that the growth rate of total profit of the industry was slightly higher than that of revenue growth. According to the industry data released by China Lighting Online, the sales revenue of the point source industry in January-November 2006 increased by 34.48%. Total profit increased by 43.39% year-on-year, and accounts receivable and finished goods inventory increased by 31.27% and 13.14% respectively.

For the development trend of the electric light source industry, from the current consumption structure, ordinary incandescent lamps account for 43%, fluorescent lamps account for 15.8%, HID lamps account for 12%, tungsten halogen lamps account for 1.2%, and Others account for 28%.

We believe that the following trends will be more prominent: the demand for high-efficiency energy-saving products will increase, the demand for environmentally-friendly products will increase; the development of LED lighting; there will be room for development in the international market, and exports will continue to grow at around 20%; The demand for facilities, urbanization is accelerating, and the demand for green lighting is huge. The merger and reorganization of enterprises continues to accelerate. From the specific products, according to the coverage of listed companies and the changing trend of the industry, we will focus on energy-saving lamps and vehicles in 2007. Use a xenon metal halide lamp.

Energy-saving lamps: The most effective lighting energy-saving products. As the most effective lighting energy-saving products, energy-saving lamps are mainly seen in foreign countries. We see in Table 8 that among the outlets of electric light sources, only fluorescent lamps (energy-saving lamps are included) and metal halide lamps The export value of the products has increased more than the sales growth, which has become the main force driving the improvement of the profit of the electric light source industry. We believe that the export of energy-saving lamps industry will continue to maintain a growth rate of more than 20% in the future. Various environmental protection requirements and restrictions on the content of harmful substances are just the result of cutting the competitors and gaining a higher market share for the leading quality companies in the industry. A good time.

For the domestic market, the Ministry of Construction announced the "Eleventh Five-Year Plan for Urban Green Lighting Projects" on July 10, and China will vigorously promote urban green lighting in the next five years. Green engineering will promote 150 million energy-saving lamps throughout the country in the next five years. It will be mainly promoted in public facilities, hotels, commercial buildings, office buildings, stadiums and residential buildings. The corresponding fiscal and tax incentives are in the pipeline. Policy orientation for energy conservation and environmental protection, and priority procurement for high-quality company products will benefit the growth of high-quality companies in the domestic market and enhance brand value.

Xenon metal halide lamps for vehicles: a "revolutionary" alternative to traditional halogen lamps

Regarding the advantages of the Xenon metal halide lamp for vehicles, we have a very detailed analysis in the report of "Shellet - High Growth Originated from Technological Innovation" (October 9, 2006), which will not be repeated here. Compared with the traditional halogen lamps, the illuminance is doubled and the service life is increased by 8-10 times. In the past two years, we have seen that this product is undoubtedly a "revolutionary" replacement for automotive headlamps.

There is no doubt that the supply of the industry is in short supply. The companies that can qualify for the complete vehicle market are rare. We have detailed data in the analysis report of the company. In the domestic market modification, only the modification of the lamp does not modify the phenomenon of supporting the special mirror. At the same time, the modification of the corresponding special mirror will bring glare problems, and some cities have imposed a ban on this type of modification. We believe that this will not affect the marketing of the product. From the experience of foreign applications, the systematic modification of the entire low beam (including the lamp and the corresponding special mirror) is completely allowed, and it is even earlier in the high-end car. Become a standard product, no need to worry.



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LED Downlights

Guangpu Electronics Co., Ltd , http://www.fjledlight.com

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