LED landscape lighting: multiple positive resonance industry continues to boom

China's economic growth and urbanization are the long-term driving forces for the development of landscape lighting industry. Recently, multiple advantages have helped the industry to break out in the short term. Infrastructure construction, urban night tour economy, characteristic towns, the Belt and Road Initiative, PPP and other developments are important drivers for the rapid growth of the industry. The landscape lighting industry will continue to boom in the near future. China's economic growth and urbanization process are the long-term driving forces for the development of the landscape lighting industry. Recently, multiple advantages have helped the industry to break out in the short term. Infrastructure construction, urban night tour economy, characteristic towns, the Belt and Road Initiative, PPP and other developments are important drivers for the rapid growth of the industry. The Chinese market is growing rapidly and is greatly affected by macro-economy, policies, regions and seasons. It is estimated that the Chinese landscape lighting market will reach 67. 8 billion yuan in 2017, up year on year. 5. There are differences in market demand in the eastern, central and western regions, and demand in economically developed regions is more vigorous. The market is greatly affected by macroeconomics, policies and seasons. The proportion of projects from government agencies has gradually increased. It is inevitable that LED will replace traditional lighting products. In 2014, the penetration rate of LED landscape lighting industry has exceeded 90. In recent years, the growth rate of China's LED landscape lighting market is above 15. There are many enterprises with low concentration and fierce competition. There are many enterprises in the lighting engineering industry and more than 20 enterprises with double qualification. Landscape lighting enterprises are mainly distributed in Jiangsu, Guangdong and Beijing. Industry concentration is low, competition is fierce, and enterprises with national influence have not yet formed, but enterprises with high market share have appeared in all economic circles. Green environmental protection and intelligence are the future development direction. It is the general trend for LED to replace traditional lighting products due to its advantages of energy conservation, environmental protection and easy control. Intelligent lighting system integrates monitoring, communication, indication, lighting and other functions, and will play an important role in urban lighting management in the future. Landscape lighting will be part of the system. A number of A- share companies have expanded their business scale through extension. A- share companies are relatively strong and all have double-A qualifications. Liad, Alto electronics and Feile Audio rapidly expanded their business scale through extensive expansion. The scale of the New Three Board enterprises is relatively small, and most of them grow endogenous. Hua Caixin and Jin Dongfang Zhi are the leading enterprises in the region. A shares and most of the New Third Board companies have improved their landscape lighting business in 2016. It is recommended to pay attention to Liad, famous home, and Oto electronics. Investment strategy, give priority to the research and development, design, construction ability is strong, strong financial strength, with a double qualification of senior enterprises in the industry; Leading enterprises that can implement projects across regions, provide integrated services, and economically developed regions may take the lead. Investment risk, risk of policy change; The risk of increased competition; Risks of macroeconomic downturn/regulation