On April 22nd, the 1st CEO Conference of 2016 G20-LED Lighting Summit was successfully held in Linyi, Shanxi, and the member company, Shanxi Guangyu Lighting, hosted the summit.
Yesterday, Gaogong LED also officially released the summit bulletin on “Themes: Standing at a New Starting Point and Opening a New Futureâ€. (For details, please refer to the WeChat headline yesterday)
In Q1 2016, the demand for LED applications, especially in the lighting market, rebounded and the market recovered significantly. According to the research data of the High-tech Research Institute LED Research Institute (GGII), it is expected that large-scale enterprises in the industry will maintain an annual revenue growth rate of 20%-30% in the next 3-5 years.
The G20 member companies also maintained a cautiously optimistic attitude towards the development of the LED lighting industry in 2016. As for the price reduction of LED terminal lighting products, the space is narrowing and a consensus is reached near the cost line.
The market is warm, but at the same time another problem that cannot be ignored, quality has become one of the focuses of this summit. G20 member companies agree that reasonable quality in line with market demand will become the main theme of the market.
“The current industry situation is brilliant, but the two points I want to emphasize are: In the future, the market will pay more attention to enterprises that improve light quality and reliability. The industry has developed to the present, and quality has been improved through innovative technologies. The bottom line for development is to be adhered to." Dr. Zhang Xiaofei, Chairman of Gaogong LED mentioned.
"Linyi this area, it is difficult to not be a brand, quality or scale is just a dialectical relationship. The goal we set this year is to focus on quality, and we will not deliberately care about market share, quality first, quality through Market." Xu Fugui, chairman of Guangyu Lighting, said.
"Is the price of LED products really so cheap? Not necessarily, consumers may not care much about the light bulbs, whether it is 1 yuan or 1.2 yuan, especially in the current mainstream consumer groups have already passed the food and clothing period, more important At the same time, the evaluation system of light quality is too fragmented and not comprehensive enough. Next, how to promote the more orderly development of the industry makes us need to do the work.†Gong Wen, general manager of Jingtai Co., mentioned.
Indeed, influenced by demographic changes, the trend of “new consumption†is obvious: after 80 and 90, it gradually became the main consumer, and new consumption concepts and the use of new technologies will generate new consumption content. The biggest feature of the new consumer group is that it is willing to pay a higher price for the personal experience.
For example, in the long-term observation, the improvement of the total consumption level comes from the increase of the total income level. With reference to the historical experience of the United States, when the per capita GDP reaches 5,000-10,000 US dollars, all kinds of optional consumer expenditures enter a stage of rapid growth. As per capita GDP approaches $10,000, alternative consumption will be in the “golden age†in the next five years.
“Quality, 'health' and 'experience' will become the key words of future consumption, and technological changes will also bring new consumption supply. These are the bottom line that our member companies have always adhered to, and we can focus on quality in the LED era. In order to achieve the true meaning of the Chinese brand and continue to struggle, to maintain the bottom line, the market still has a great opportunity." Xu Fugui concluded.
At the meeting, G20 member companies agreed that the LED industry still has great potential for development in the future. Rebuilding industrial confidence, complementing products and achieving win-win results can promote the steady development of the industry.
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