Evercore Constant Voltage COB Series Special Topic

Cost Bottleneck of Lighting Fixtures   >>>>>>>>>>>>>

China's lighting industry is going through a period of in-depth adjustment. The sales volume of the entire industry has shown a downward trend in both domestic and export markets. The continuous market contraction over the years indicates that the industry has officially entered an era of volume reduction. In the fierce inward competition, enterprises generally face the pressure of reducing costs and increasing efficiency. It is worth noting that domestic brands have a significantly higher proportion of investment in physical materials than international brands, and this difference in cost structure is becoming a key factor restricting the profitability of the industry.

Industry Status&Sales Costs 

According to data from the China Association of Lighting Industry, the sales volume of China's lighting industry in 2023 was 600 billion yuan, a year-on-year decrease of 10.45%, marking the second consecutive year of decline.

· The domestic sales scale reached 192 billion yuan, down 10.20% year-on-year, falling for four consecutive years.

· The export sales scale stood at 56.3 billion US dollars, a year-on-year decrease of 6.10%, dropping for two consecutive years.