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More and more led lighting manufacturers engage in smart lighting

Update time : 2021-08-18 19:15:38

More and more led lighting manufacturers engage in smart lighting

LED lighting companies are competing for the largest distribution network to lead the market. Both traditional lighting manufacturers and new players in the LED lamping market are aware of the importance of distribution networks. Lighting LED companies are investing heavily to strengthen their distribution network. Crownda.LED makes good use of its well-established distribution network to distribute its LED products globally. Our company is also trying to attract more distributors and retailers to increase its smart lighting sales.

The practice of forward and backward integration is increasing among LED fixtures manufacturers. Some of them are expanding from smart light packaging to downstream applications to control costs and increase investment in distribution networks. A strong distribution network allows LED smart lights to quickly replace traditional lights. Market leaders are focusing on manufacturing affordable smart lighting products to reduce the price of LED smart lighting products, which will lead to mass adoption. Technological innovation has helped to rapidly reduce LED product prices and increase the penetration rate of smart lamping in the global market. Falling prices and a strong distribution network will help smart lighting LED products gain high demand in the market.

In general, since LED lamps are an integral part of smart LED lighting, the hardware department is expected to achieve the highest revenue contribution in 2020. LED Lamps and lights are integrated with sensors, dimmers, and other electronic components to perform controllable functions, such as changing the color tone, dimming according to the external weather, and turning on/off at a set time.

Due to the large-scale development of smart city projects in China, Japan, and South Korea, the Asia-Pacific region is expected to have the highest growth rate during the forecast period. In addition, increased investment in the installation of energy-saving smart lighting in India, Singapore, Thailand and Malaysia will drive market growth in Asian countries.

Some of the main LED lighting players / suppliers dominate the market because they offer a broad product portfolio, providing smart lights and luminaires.

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