Philips recently launched the “I Action, My Green†energy-saving and environmental protection initiative in Shanghai, and announced that it will donate 100,000 energy-saving lamps to six cities including Shanghai, China, in order to promote the conversion of lighting methods to environmental protection. Kong Xianghui, CEO of Philips Greater China, told the Nanfang Daily reporter that sustainable development itself is a huge business opportunity. “Lighting consumes 20% of the world's energy. If new energy completely replaces traditional lighting, lighting energy consumption can be saved by 80%, equivalent to 630 million tons of carbon dioxide per year. “It also means 120 billion euros, 10,000 yuan. The commercial value of RMB is about 100 million yuan. â€
In fact, around the 1 trillion energy-saving lighting market, domestic and foreign lighting giants including Philips, Osram and NVC have long been eyeing. As the world's largest producer of lighting sources and lamps, China's lighting consumer market is not optimistic, accounting for about 18% of the global market share is mainly low-end products. Therefore, how to upgrade the existing inventory of high-energy lighting products is the main reason for the Chinese government to save energy and reduce emissions and carry out “government subsidy efficient lighting product promotion activitiesâ€. It is also the key for Chinese and foreign lighting giants to grab the cake in the lighting market.
As a leader in traditional consumer electronics, Philips has been actively promoting its strategic transformation a few years ago. After years of investment in lighting, health care, and quality life, Philips has opened up more for the company's sustainable development. The vast space, "because sustainable development itself has very rich commercial value and profit." Kong Xianghui revealed that Philips has now focused its lighting marketing on more energy-saving and environmentally friendly LED lighting and semiconductor lighting industries. Philips hopes to win China's LED street lamp market has a 50% share. For this reason, Philips' future investment in lighting will continue to expand.
According to third-party data, China's lighting industry is close to 3,000 companies, and its output ranks first in the world, but the high-end market is concentrated in a few brands such as Philips, Panasonic, Osram, NVC and Op.
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