LED lighting solution provider StrongLED Lighting Systems (Cayman) has reported January-November 2017 consolidated revenues reached NT$1.279 billion (US$42.3 million), increasing 59.07% on year mainly due to significant growth in landscape lighting projects from local governments in China.
Landscape lighting projects from local governments in China account for about 80% of the consolidated revenues, and LED lighting production 7-8% currently, with the revenue proportion for the latter expected to rise to 15% in 2018, StrongLED noted.
In addition to projects from the Chinese cities of Xi’an, Sanya, Beijing and Fuzhou, StrongLED Lighting recently also obtained a landscape lighting project worth CNY63 million (US$9.5 million) from Xiamen.
StrongLED’s factory in China currently sees capacity utilization of about 70%. The company is expanding capacity mainly for ODM/OEM production and R&D.
China’s landscape lighting market totaled CNY100 billion in 2017 and will increase at a CAGR of 30% in 2017-2019. There are more than 3,000 competitors in the market.
StrongLED Lighting Systems (Cayman) Co., Ltd. designs, develops, manufactures, and sells LED lighting systems and solutions worldwide. The company offers outdoor LED lighting products, including LED flood lights, wall washers, wall grazers, linear lights, dot pixel lights, and in-ground/underwater lights; and indoor LED lighting products, such as LED wall washers, wall grazers, linear lights, flexible strips, downlights, dot pixel lights, and module lights, as well as smart lighting products, panel lights, and pendant lights. It also provides LED lighting control systems and software; intelligent lighting controllers, touch control panels, and LED lighting circuit expanders; and LED power supplies for indoor and outdoor lighting systems. The company was founded in 2012 and is based in Suzhou, China.