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Recent Developments in the Lighting Industry: Technological Innovation and Market Expansion

08-12-2024 05:32 PM CET | Industry, Real Estate & Construction

Press release from: ABNewswire

Recent Developments in the Lighting Industry: Technological

The lighting industry has recently witnessed a series of advancements and technological innovations, driving both the intelligence and greenness of products while further expanding its reach in domestic and international markets.

Technological Innovation Leading the New Trends in Lighting

Xiamen Everlight Electronics Co., Ltd. has recently filed a patent (Publication No. CN202311823719.0) titled "A Light Distribution Method for Optical Acne Treatment Lamps and an Optical Acne Treatment Lamp." This patent introduces a unique light distribution method for acne treatment lamps, utilizing precision-designed reflectors and multi-wavelength LED chips (including blue-violet, blue, yellow, red, and infrared light) to target different skin concerns. This innovation not only expands the application scenarios of lighting fixtures but also showcases the industry's exploration and breakthroughs in the field of health lighting.

Concurrently, technological advancements are integrating smart, energy-efficient, and aesthetically pleasing features into modern lighting fixtures. According to reports from the China Research and Intelligence Co., Ltd., LED lighting products have gradually expanded their presence in general lighting, accounting for 42.4% of the market. Smart dimming and color tuning, indoor circadian lighting environments, and efficient energy-saving modules have become key focuses for mainstream brands, offering consumers more convenient and personalized lighting experiences.

Significant Achievements in Market Expansion

In terms of market expansion, Chinese lighting products have made remarkable strides in the international arena. According to data from the General Administration of Customs and the China Lighting Association, China's lighting product exports totaled approximately USD 27.5 billion in the first half of 2024, a year-on-year increase of 2.2%, accounting for 3% of the total exports of electromechanical products. Among them, lamp products exported amounted to approximately USD 20.7 billion, up 3.4% year-on-year, representing 75% of the total lighting industry exports. This data underscores the growing competitiveness of China's lighting industry in the global market, with export volumes maintaining a historical high.

Notably, the export of LED light sources has seen significant growth. In the first half of the year, China exported approximately 5.5 billion LED light sources, setting a new record and rising by approximately 73% year-on-year. This surge is attributed to the maturity and cost reduction of LED technology, as well as the robust international demand for high-quality, energy-efficient lighting products.

Continuous Improvement in Industry Regulations and Standards

To promote the healthy development of the lighting industry, a series of national lighting standards came into effect on July 1, 2024. These standards cover various aspects such as lamps, urban lighting environments, landscape lighting, and lighting measurement methods, further standardizing market behavior and enhancing product quality. For instance, the implementation of the "Service Specification for Operation and Maintenance of Urban Lighting Landscape Lighting Facilities" provides clear guidelines for the operation and maintenance of landscape lighting facilities, contributing to the improvement of urban lighting quality and safety.

Future Outlook

Looking ahead, the lighting industry is expected to maintain a steady growth trajectory. With the global economic recovery and rising living standards, the demand for lighting products will continue to grow. Additionally, intelligence, greenness, and personalization will remain key trends in industry development. Lighting enterprises must continuously innovate their technologies, enhance product quality and service levels, and cater to the diverse needs of the market. Furthermore, with the rise of cross-border e-commerce, Chinese lighting brands will accelerate their pace of "going global," presenting more opportunities and challenges for the Chinese lighting industry in the global market.

Media Contact
Company Name: Ninghai Han Feng Imp .& Exp. Co., Ltd.
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=recent-developments-in-the-lighting-industry-technological-innovation-and-market-expansion]
Country: China
Website: https://www.lhotse-led.com/



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