Urban lighting project: functional + landscape, mature foreign development, China is in the growth stage Lighting engineering refers to the design, technology and engineering of natural light or artificial lighting systems to meet the lighting requirements in specific light environments; functional lighting and landscape lighting are classified according to different functional properties. Foreign lighting projects started early, the industry is mature, and many experiences can be learned. China's urban lighting project construction project started late. Since 2007, with the advancement of technology, LED luminous efficiency has increased, and cost has decreased. LED lighting products have become the main materials in the industry. The application and promotion of LEDs have solved problems such as energy conservation and environmental protection, and light pollution has been controlled, which has effectively promoted the sustainable development of lighting engineering construction. At the same time, people's requirements for urban night environmental quality and landscape level have been further improved. The enthusiasm for landscape lighting construction across the country has gradually warmed up, showing a "blowout" status. Industry Status and Trends: Accelerated integration of mergers and acquisitions, the project is based on EPC and supplemented by PPP+EMC 1) Low concentration and accelerated integration of mergers and acquisitions: As of May 18, the industry has 450 enterprises with the qualification of “Classification of Urban and Road Lighting Professionalsâ€, and more than 3,000 enterprises with Grade II and Grade III qualifications. The competition is fierce and has not yet formed a national leading enterprise. However, a number of well-developed and large-scale enterprises have emerged in some regions. Through mergers and acquisitions and industrial integration, the dominant enterprises are constantly establishing their leading advantages and pursuing leading positions. 2) Construction design has two qualifications, and the business has great advantages: At present, there are 49 enterprises in China that hold lighting project contracting and design double-certification qualifications, and the number is small. The double-aspect qualification is for business contracting, project winning bid, project scale Both have a large additive effect. 3) The scale of the project is getting larger and larger, mainly based on the EPC mode. The PPP and EMC modes are trying to be promoted: the EPC mode is the most commonly used mode of operation for lighting projects. With the concept of beautiful China, new urbanization, and smart city, local governments have paid more and more attention to lighting projects, especially landscape lighting, and the PPP and EMC models have gradually been linked to lighting projects. 4) Industry barriers: At present, the industry has qualifications, design, management, capital, brand and other barriers. The landscape lighting project is also based on government tenders. The company's brand and project experience is valued by government departments. Driving force: night travel economy + government purchase + new urbanization + 5G technology and other factors drive development 1) The economic potential of night travel is huge, and the lighting project has a significant effect: the night economy accounts for a higher percentage of GDP. Daytime cities are dominated by productive activities, while nighttime cities are dominated by consumer activities. Assuming a medium-sized city with a resident and floating population of 5 million, 10% of the people spend nights on nights, and per capita night consumption is conservatively estimated at $20. The amount of consumption per night can reach 10 million yuan, and the annual income can reach 3.65 billion yuan. Therefore, lighting up the city and extending the city's economic activities to the night will effectively lead to huge business opportunities hidden at night, and the construction and promotion of urban lighting projects is undoubtedly a bridge to achieve night economic prosperity. 2) The government increased investment, driven by large-scale project activities: The incremental effect of urban night lighting planning and construction on the economy has also attracted the government's attention. Taking Hangzhou G20 Summit as an example, 172 landscape lighting projects have been invested in, with a total investment of about 1 billion yuan. In the next three years, the arrangement of large-scale national events will remain relatively close, and government activities will not reduce the demand of the industry. 3) Beautiful China + New Urbanization + Characteristic Town Theme: Building a beautiful ecological new city has become the main theme of urban transformation, accelerating the overall upgrading process of urban lighting landscape lighting. At the same time, with the continuous deepening of China's urbanization process and the proposal of the new national urbanization target, more and more third- and fourth-tier cities have begun to plan and implement local “urban landscape lightingâ€. The promotion of characteristic towns will also bring a lot of construction needs for lighting projects, especially landscape lighting, and the industry is expected to directly benefit. 4) Under the framework of smart city, the 5G concept is good for smart street lighting projects: At present, there are 290 pilot cities in the country, and many cities have set off a climax of smart city construction. The street lamp is an excellent entry point for the smart city Internet of Things. The 5G technology under study can greatly reduce the communication delay of the device, and the upgrade effect on the smart street lamp is significant, and the street lamp is an ideal load for the 5G micro base station. Mutual benefit, the penetration rate of the smart street lamp market is expected to further increase. 5) Spatial calculation: According to the estimation of the High-tech Research Institute LED Research Institute (GGII), the scale of China's landscape lighting market will reach 78 billion yuan in 2018, with a growth rate of about 15%. If we maintain this growth rate, the scale of China's landscape lighting market is expected to reach 103.16 billion yuan in 2020. From the perspective of the investment in landscape lighting from the characteristic towns, it is assumed that the average investment amount of a single characteristic town in 2020 is about 5 billion yuan, of which the proportion of landscape lighting is 2%, then the investment in landscape lighting driven by 1000 characteristic towns The scale is 100 billion yuan. Broad industry prospects, key companies accelerate expansion At present, the urban lighting engineering industry is developing rapidly, and the mergers and acquisitions of key companies are accelerating. It is recommended to pay attention to the industry leader Lia De, the rapid development of famous public exchanges after listing, and the leading Chinese-style technology in smart street lighting and lighting culture customization. Liard The four major business sectors have developed synergistically, and the mergers and acquisitions have formed the largest lighting enterprise cluster in the country. The business covers all regions of the country and has absolute competitive advantages. Famous family In the near future, it will raise about 880 million yuan, and the funds will be sufficient. In the past 17 years, the project won 543 million yuan, and the construction contract reached 493 million yuan. The amount of orders in hand is sufficient to ensure the growth of performance. Chinese body technology The cultural custom products are well received by the market and have obvious advantages. The comprehensive layout of the landscape lighting engineering field is expected to become a new growth point for the company and to independently develop smart street lamp products into smart cities.
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