As an emerging sector within energy conservation and environmental protection, LED lighting has seen rapid expansion in market size over recent years, largely driven by robust national industrial policies, heightened public awareness of environmental concerns, ongoing improvements in LED product features, and a gradual reduction in production costs.
With vast potential for growth in the LED lighting market ahead, the corresponding LED lighting driver power supply market also presents significant opportunities. In recent times, more businesses have been drawn to this field, and it's anticipated that both domestic and international competitive pressures will persist—and likely intensify—going forward.
According to data from the High-tech Research Institute’s LED Research Institute (GGII), the demand for LED lighting power supplies in China reached 18.8 billion yuan in 2016, representing a year-over-year increase of 15.1%. GGII forecasts that, with the rapid development of the global LED lighting market and further domestic demand, the worldwide LED driver power supply market will expand to 36.6 billion yuan in 2017. The Chinese LED lighting power supply market is expected to continue growing strongly, reaching 24.5 billion yuan in 2017, a year-on-year increase of 23.7%; by 2020, domestic demand for LED lighting power supplies is projected to hit 38 billion yuan.
Mainland China, particularly regions like the Pearl River Delta and the Yangtze River Delta, has emerged as a key hub for the global LED driver power supply industry due to enhanced electronics supply chains and relatively low labor costs (including R&D personnel expenses).
However, when Chinese LED driver power suppliers compete against international brands, what advantages do they hold? Furthermore, with the increasingly evident trend toward smart solutions, where will the LED driver power supply industry head?
Domestic Companies Competing with Overseas Leading Brands
LED high-power drive power is a crucial sub-sector within the LED driver power supply industry, characterized by high technical barriers, brand barriers, and product certification hurdles, leading to relatively high market concentration. Currently, major Chinese LED driver power supply companies include Infineon, Maoshuo Power, Shanghai Mingzhi, Yusheng Electronics, Jiansen Technology, Shilong Fuhua, and others.
Then, how does the performance of domestic high-power products compare with those of Taiwanese company Ming Wei or foreign companies like Philips?
In the opinion of Zhang Huajian, General Manager of Infineon, “Over the last few years, with continuous advancements in domestic power supply technology, the gap between domestic high-power products and their foreign counterparts has narrowed significantly. For instance, our high-power products, particularly for outdoor applications, are now fully capable of competing with leading international brands.â€
Zhao Nannan, Sales Director of Igor Lighting Industry Center, agrees: “In recent years, the differences between domestic and foreign high-power products have diminished, and many domestic brands are enjoying a good reputation and market share internationally.â€
According to Gaogong LED observations, while existing domestic products are nearly on par with foreign high-power products, there remains a gap in terms of innovation capability and speed. This is a challenge that domestic high-power companies must continue to address.
In addition, what are the differences in demand for high-power power supplies between domestic and foreign markets?
“Overall, the demand for high-power power supplies differs significantly between domestic and international markets,†Zhang Huajian explained. “For instance, in the domestic market, most project demands are price-oriented, with lower emphasis on product brand and performance. However, some project requirements, such as those in bidding processes, prioritize price but still expect certain brand and performance standards. In contrast, foreign markets tend to prioritize brand and performance alongside price considerations. In less developed countries, the overall demand tends to be more price-focused, with lower expectations regarding product brand, performance, and even quality.â€
“The main difference between domestic and overseas markets lies in the varying levels of product quality requirements,†Zhao Nannan noted. “Overseas markets generally demand higher quality, whereas domestic markets vary according to project needs and quality requirements.â€
Intelligent Solutions: The Future Direction for High-Power Supplies
In recent years, buzzwords like intelligence, IoT, and artificial intelligence have gained traction, yet practical implementations remain somewhat underwhelming. Consequently, the industry is keenly awaiting signs of broader adoption and breakthroughs in these areas. This reflects the industry’s anxiety regarding the future of smart solutions.
Regarding this, Zou Chaoyang, Deputy General Manager of Yusheng Electronics, stated, “LED intelligent lighting is undoubtedly the future direction of development, and the level of intelligence in lighting depends heavily on the intelligence of LED driver power supplies. User needs always guide industry trends. The future development of LED high-power outdoor power supplies will emphasize intelligence, connectivity, standardization, and modularity.â€
“The future of high-power outdoor power supplies will inevitably lean toward intelligence,†Zhang Huajian added. “From the perspective of lighting manufacturers, intelligent power supplies make lamp design, debugging, and assembly more convenient while reducing maintenance costs. For end-users, intelligent power supplies enhance lamp functionality, catering to diverse application requirements.â€
In reality, despite limited current applications, the actual demand for intelligent power supplies will grow. On a macro level, global energy efficiency demands are rising, and high-power lighting is a significant energy consumer. Implementing intelligent lighting will result in substantial energy savings.
As intelligent system technologies mature, power supply technologies evolve accordingly, enabling stable cooperation between the two. This lays a practical foundation for achieving intelligence. In the future, addressing cross-industry collaboration will focus on standardizing technical protocols and tailoring solutions to specific needs.
“Fundamentally, lighting power supplies only need to handle input voltages. Since intelligent control systems lack a unified standard, relevant authorities should establish uniform regulations as soon as possible—a top priority,†said Xin Mingfeng, General Manager of Jiansen Technology.
High-Power Supply Prices Expected to Fall by 30% Over the Next Two Years
With the promising prospects of the LED driver power supply industry, it has garnered increasing societal attention. Capital and talent are converging into the sector, leading to a growing number of enterprises and expanding scales. The LED driver power supply market is entering a phase of intense competition, with rivalry intensifying.
Due to the expanding market, high-power products require stringent quality standards in practical applications. Even with more competitors entering the field, ensuring high-quality outputs necessitates significant resource investments. Thus, Zhao Nannan anticipates that “prices won’t fall drastically in the short term but will stabilize at comparable high-quality levels through competitive pricing.â€
As we know, high-end LED power supplies are characterized by high power consumption, harsh operating conditions, and high costs, particularly concerning the expense of premium power supplies.
For example, in the streetlight market, the overall market has grown fiercely competitive, with product prices declining. However, the proportion of power supply costs in the total lamp cost remains high, compressing profit margins.
Xin Mingfeng predicts a 30% price drop for high-power power supplies over the next two years. As observed, various power companies have already reduced their prices; Jiansen Technology has taken the lead.
“Driven by the market-wide price-cut trend, the cost of high-power outdoor power supplies will continue to decrease over the coming years until reaching a stable equilibrium. Ultimately, competition will center on brand, quality, and service, resulting in a ‘Matthew Effect.’ Large enterprises will solidify their market positions, while smaller firms face further squeezed scales and market shares, signaling a deep market reshuffling phase,†Zhang Huajian stated.
Based on insights from industry insiders, high-power outdoor power supply prices will trend toward greater cost-effectiveness over the next few years. Leading brands will leverage integrated resources to produce higher-quality, more affordable products, enhancing overall competitiveness.
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