Connect with us

Technology

Glimpsing the future of the industry: The 31st China (Guzhen) International Lighting Fair unveils three major trends

Published

3 months ago

on

ZHONGSHAN, China, Oct. 26, 2024 /PRNewswire/ — Light gathers from all directions and sets the trend. The 31st China (Guzhen) International Lighting Fair grandly opened on October 22 and features over 1.5 million square meters of exhibition space. More than 3,500 high-quality brands are competing at the same stage and attract professional buyers from around the world. This all-encompassing one-stop procurement event, combined with a comprehensive industry chain exhibition platform, is set to elevate the lighting industry to a new ecological level.

This year’s exhibition adopts a “1+8+N” format and features a grand lighting fair that showcases over 100,000 products that cover all aspects of the lighting industry. It fully embodies the three key industry trends of smart lighting, green and low-carbon solutions, and integrative innovation, and meets the one-stop procurement needs of buyers worldwide.

Smart lighting
Moving beyond single products to comprehensive solutions

Driven by national policies and consumer demand, smart lighting is entering a phase of rapid growth. According to data from ASKCI Consulting Co., Ltd, the domestic smart lighting market is expected to reach 47.9 billion Chinese yuan in 2024, representing a 12.7% increase compared to 2023.

Smart technology has become the main theme connecting numerous highlights at this year’s exhibition. With advancements in the AIoT (Artificial Intelligence of Things) technology and decreasing costs, smart solutions are now widely applied across various specialized fields, including eye-friendly health lighting, home environments, classrooms, agriculture, landscaping, and healthcare. These innovations are breathing new life into the industry and attracting significant attention across several themed exhibition areas.

In the realm of smart technology displays, many exhibitors are showcasing their latest products of the year. These innovations integrate elements such as AI platforms, precise sensors, new energy lighting, energy storage, and new media art, fully reflecting the next level of productivity advancements. This underscores the industry’s dynamic spirit of innovation and its potential for future growth.

Many exhibitors’ representatives have noted that the smart lighting market is gradually evolving. It now includes advanced features such as precise sensing, ambient scene lighting, and remote control. The functionality has expanded beyond simple dimming to include soft-start dimming speed adjustments, multi-color mood lighting, high and low-voltage dimming combinations, and LED full-spectrum lighting for eye health.

From the product information and strategic promotions observed at the exhibition, it is clear that smart technology exhibitors are upgrading traditional lighting into cloud-based smart lighting. This transformation is achieved through chip integration, driver replacements, physical switches, mobile apps, Bluetooth voice control, and more. These companies are gradually evolving from simple product sellers into comprehensive solution providers and emphasizing higher added value to showcase their core competitiveness. This shift helps them avoid the “low-end price war” trap associated with homogeneous products.

This year’s exhibition features a comprehensive display across various fields, including smart cities, whole-house smart systems, emotion-driven lighting experiences, full-spectrum eye-friendly environments, and smart security. These elements have added a strong sense of technological sophistication to the event.

Green and low-carbon solutions
New materials + new energy: Building a sustainable green future

With the implementation of the national dual-carbon policy, the use of new energy, battery storage, and photovoltaic modules is becoming increasingly advanced. The trend toward green and eco-friendly solutions continues to gain momentum.

At the main venue of this year’s exhibition, dozens of exhibitors showcase popular products such as solar streetlights, smart light poles, outdoor energy storage cabinets, smart inverters, energy storage system solutions, and new material components utilizing low-carbon and eco-friendly technologies. These displays highlight the advantages of the “low-carbon + lighting” trend. A variety of unique energy-saving and environmentally friendly products are unveiled, drawing numerous buyers for discussions and negotiations, and creating a constant flow of activity on the exhibition floor.

The integration of green technologies with LED lighting is becoming increasingly close, with key parameters like high-efficiency energy savings, high-power LEDs, and smart energy control seeing continuous improvement. Some exhibitors also introduce integrated solutions for lighting and energy storage, as well as zero-carbon smart lighting systems. These innovations are set to expand the application scenarios for renewable energy and serve as a “new engine” for the high-quality development of the lighting industry.

A number of companies highlight their energy storage products and solutions, including energy storage cabinets, smart inverters, batteries and electrodes, portable power units, all-in-one emergency energy storage systems, and Battery Management Systems (BMS). These offerings attract a substantial number of professional buyers seeking more information.

Larger and more established exhibitors also take the opportunity to showcase images of their factories’ advancements in digital transformation and low-carbon, green manufacturing. This approach aims to differentiate their brand and attract like-minded buyers who value sustainability and innovation.

Cross-industry innovation
Cross-category and cross-industry integration, unleashing infinite possibilities for innovation

As the boundaries between industries continue to blur, this year’s exhibition highlights the trend of merging “creativity + lighting,” establishes new pathways through cross-industry partnerships, and integrates diverse business models. These themes are among the standout features of the event and showcase the exhibition’s strong potential to explore various crossover and niche markets.

Examples include companies extending from light bulbs to complete smart home solutions, expanding from ceiling light products to customized indoor and outdoor projects, and evolving from component suppliers to offering a diverse range of products across all categories. These developments illustrate the limitless possibilities of lighting technology.

The “Internet + Industry” model has gradually matured, with the integration of online and offline platforms becoming a standard strategy for traditional lighting companies to expand their markets and achieve transformation and upgrades.

At this year’s exhibition, several internet companies and third-party organizations participated as industry service providers and showcase a variety of new cross-industry business models. These include a shared platform using the S2B2C model to aggregate professional technicians, which challenges traditional in-house or hired labor practices. There are also platforms operating on a group-buying supply chain model for lighting, which integrate top-tier factory resources to support cross-border e-commerce operations.

Cross-category integration is vividly showcased at the main venue. For example, smart light poles are used as a platform to seamlessly integrate solar panels, display screens, air monitoring, security alarms, and charging devices, which serve as a crucial entry point for building smart cities. Another exhibitor combines eye-friendly lamps, posture sensors, and desks to create an anti-myopia environment and attracts significant interest from many buyers.

At the exhibition, there are numerous new products and displays that blend lighting with home living, business operations, urban landscapes, and the cultural tourism industry, all offering experiences that merit repeated exploration.

View original content:https://www.prnewswire.com/apac/news-releases/glimpsing-the-future-of-the-industry-the-31st-china-guzhen-international-lighting-fair-unveils-three-major-trends-302287878.html

SOURCE China (Guzhen) International Lighting Fair

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

UTGL, a Pioneer Global Fintech Trust Company, Announces Expansion of Bitcoin Holdings in Company Treasury

Published

51 minutes ago

on

January 14, 2025

By

HONG KONG, Jan. 14, 2025 /PRNewswire/ — We are proud to announce the strategic expansion of our Bitcoin holdings in the company treasury. This bold move underscores our belief in Bitcoin as a transformative financial asset and a cornerstone of long-term financial resilience. Since initiating our Bitcoin investment journey in 2021, we have shared the same vision of market leader MicroStrategy, recognizing Bitcoin as a secure and strategic store of value for the future. Building on our established track record of success, we continue to demonstrate robust growth and are steadfast in our commitment to advancing and broadening our fintech solutions.

Strengthening Trust with Cutting-Edge Fintech Solutions

UTGL is strengthened by its ability to deliver secure and seamless global Fintech trust solutions:

Privacy and Safety, driven by robust legal frameworks, as core trust functionalities for ultimate client security.Ultra-low slippage Digital Assets trading, enabled by aggregated liquidity from OTC leaders like Galaxy, Cumberland, and B2C2.Worldwide bill payment support, providing frictionless management of global financial obligations.Tax efficiency through offshore trust structures, enhancing wealth protection and confidentiality.Providing access to yield enhancement products through collaborations with industry leaders such as BlackRock for U.S. Treasury investments and JP Morgan Asset Management.Frictionless access to global equities and markets, integrated seamlessly through UTGL’s partnerships with leading brokerage platforms, including Interactive Brokers.

A Vision of Growth and Innovation

From a small team to a powerhouse of over 200 experts, UTGL continues to redefine trust and fintech solutions. This expansion of Bitcoin holdings reflects our commitment to empowering clients with forward-thinking, secure, and resilient financial strategies.

Looking Ahead

With Bitcoin as a cornerstone of its treasury strategy, UTGL remains committed to combining privacy, safety, resilience, and financial freedom to shape the future of trust and technology for clients worldwide. Guided by our ethos of “Living Without Banking,” we are building innovative financial solutions that enable a new era of independence and opportunity.

About UTGL : https://linktr.ee/utgl

Contact US : info@utgl.net

website : www.utgl.net

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/utgl-a-pioneer-global-fintech-trust-company-announces-expansion-of-bitcoin-holdings-in-company-treasury-302349912.html

SOURCE UTGL

Continue Reading

Technology

Rockpoint Legal Funding Highlights TrialBase’s Deposition Services as a Game-Changer for Legal Professionals

Published

2 hours ago

on

January 14, 2025

By

Two Industry Innovators Join Forces to Simplify Trial and Discovery Management for the Legal Community

LOS ANGELES, Jan. 13, 2025 /PRNewswire/ — Rockpoint Legal Funding is excited to introduce their integration with TrialBase (TrialBase.com), a leader in certified deposition services and legal reporting solutions, as a valuable resource for legal professionals. Attorneys can now instantly apply for litigation funding from Rockpoint directly within Trialbase in order to cover deposition costs on their cases.

TrialBase’s cutting-edge deposition management services are uniquely positioned to enhance the efficiency of legal teams, while Rockpoint Legal Funding continues to provide trusted non-recourse funding solutions that empower attorneys to focus on winning cases.

Why TrialBase is an Ideal Resource for Legal Professionals:

Legal professionals often face complex challenges, from managing intricate discovery processes to ensuring financial stability for their clients. Together, TrialBase and Rockpoint Legal Funding can address these issues through:

1.    Streamlined Deposition Services:
TrialBase offers certified deposition management solutions through an integrated platform, helping legal teams save time and enhance case preparation.

2.    Financial Stability for Clients:
Attorneys can use Rockpoint’s litigation funding to cover deposition costs and to reduce financial stress – allowing attorneys to focus on their case strategies without unnecessary delays.

3.    Secure Digital Workflow:
Both companies leverage secure, user-friendly platforms, enabling seamless, efficient support for legal professionals.

Media Contact
Jonathan Urritia
Marketing Manager
Jonathan@rockpointlegal.com
(424) 377-7238

View original content to download multimedia:https://www.prnewswire.com/news-releases/rockpoint-legal-funding-highlights-trialbases-deposition-services-as-a-game-changer-for-legal-professionals-302349869.html

SOURCE Rockpoint Legal Funding

Continue Reading

Technology

Industrial Miniature Circuit Breaker Market in North America to Grow by USD 145.3 Million from 2024-2028, Driven by Industrial Demand and AI-Driven Market Trends – Technavio

Published

2 hours ago

on

January 14, 2025

By

NEW YORK, Jan. 13, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The industrial miniature circuit breaker market in north america size is estimated to grow by USD 145.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.36% during the forecast period. high demand for MCBS from industries is driving market growth, with a trend towards growing new product developments related to MCBS. However, stringent regulatory compliance poses a challenge. Key market players include ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Industrial Miniature Circuit Breaker Market In North America Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.36%

Market growth 2024-2028

USD 145.3 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

4.11

Regional analysis

North America

Performing market contribution

North America at 100%

Key countries

US and Canada

Key companies profiled

ABB Ltd., Carlo Gavazzi Holding AG, Eaton Corp. Plc, ETA Elektrotechnische Apparate GmbH, LOVATO Electric Spa, LS ELECTRIC Co. Ltd., NOARK Electric, Reunert Ltd., Schneider Electric SE, Siemens AG, and WEG S.A

Market Driver

The industrial Mini-Circuit Breaker (MCB) market in North America is witnessing significant growth due to the emerging trend of new product developments. ABB, a leading technology corporation, recently introduced its new industrial MCB, the S300 P, which enhances security, functionality, installation efficiency, and information accessibility. Siemens also launched two new versions of its Sentron 3WA Power Circuit Breakers, compliant with UL 1066 and IEC 60947-2 standards, catering to the global market. Schneider Electric introduced the EvoPacT medium voltage circuit breaker to the Canadian market, offering benefits such as real-time monitoring, longer lifetime, innovative design, and built-in sustainability. These new product developments provide advanced features and enhanced performance, addressing the increasing demand for efficient, intelligent, and reliable circuit protection solutions. 

The Miniature Circuit Breaker (MCB) market is experiencing a prevalence in various industrial domains, including automotive, power, oil and gas, chemicals, and diverse industries. The standardization and high-quality manufacturing of miniature circuits ensure safety and efficiency in circuit protection. The expanding footprint of MCBs in industries is driven by the need for energy-efficient products and the regulatory environment. Major market players, such as Rockwell Automation, ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, and WEG, are leading the trend with technological advancements in thermalmagnetic MCBs, semiconductors, and smart monitoring systems. The market is segmented into electric equipment, data centers, power transmission, renewable energy applications, building, home automation, IoT, and smart grid operation. Geographical expansion is also a significant factor in the market’s growth, with major players increasing their presence in urbanizing areas. Vendor selection is crucial for businesses to ensure the best fit for their specific needs. Market research reports provide valuable insights into the latest trends and vendor offerings. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

Industrial Miniature Circuit Breakers (MCBs) are essential components in electrical power distribution systems, protecting against overloads and short circuits. The International Electrotechnical Commission (IEC) sets the standards for MCB manufacturing, with IEC 60898-1 and IEC 60947-2 being relevant for industrial applications. IEC 60947-2 governs circuit breakers for industrial power distribution up to 1000 volts AC and 1500 volts DC, with rated currents from 0.5 to 6300A. IEC 60898-1 sets the highest rated current at 125A and the lowest at a few amperes, with a maximum short-circuit capacity of 25kA. Compliance with these standards is mandatory for IEC certification. Non-compliance may result in product recalls, posing challenges for manufacturers and potentially hindering market growth during the forecast period.The Industrial Miniature Circuit Breaker (MCB) market is experiencing significant growth due to increasing demand for home automation, IoT, and smart monitoring systems in various applications. Geographical expansion, especially in urban areas, is also driving market growth. Major players like ABB, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries are leading the market. Regulatory environment, e-commerce, and digitalization are shaping the market trends. Technological advancements such as fault tolerance, energy efficiency, and sustainability are key factors. Novel materials and smart technologies like IoT integration and predictive maintenance are also influencing the market. The LVSG sector is expected to witness growth in residential and commercial applications, including solar panel installations, commercial buildings, office buildings, retail spaces, hospitals, and more. Frost and Sullivan forecasts continued growth in the MCB market due to these trends and technological innovations.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview

This industrial miniature circuit breaker market in North America report extensively covers market segmentation by

Type 1.1 UL 4891.2 UL 1077Geography 2.1 North America

1.1 UL 489- The Industrial Miniature Circuit Breaker market is experiencing steady growth due to increasing demand for reliable power protection solutions in various industries. These circuit breakers offer efficient power management, enhanced safety features, and compact designs, making them a preferred choice for businesses seeking to minimize downtime and improve operational efficiency. Key players in this market include Siemens, Schneider Electric, and ABB, who continue to innovate and expand their product offerings to meet evolving customer needs.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence in various industrial domains due to the increasing demand for standardized, high-quality, and miniature circuit protection solutions. These compact components offer enhanced safety and efficiency in power transmission, automotive, data centers, and other applications. The expanding footprint of MCBs in industrial sectors is driven by the need for energy-efficient products and the technical advancement of smart grids and power distribution systems. Market research reports indicate a growing trend towards the adoption of MCBs in various industries, providing opportunities for manufacturers to showcase their offerings. Vendor selection is crucial for businesses seeking reliable and efficient circuit protection solutions, making it essential to consider factors such as product quality, technical expertise, and customer support when choosing a supplier.

Market Research Overview

The Industrial Miniature Circuit Breaker (MCB) market is witnessing a prevalence and expanding footprint in diverse industries due to the increasing demand for standardized, high-quality circuit protection solutions. Miniature circuits are gaining popularity in automotive applications for ensuring safety and efficiency. The market is segmented into various industries such as power, oil and gas, chemicals, and electric equipment. Technical advancements in thermalmagnetic miniature circuits, semiconductors, and energy-efficient products are driving growth. Major market drivers include the regulatory environment, urbanization, digitalization, and e-commerce. Novel materials and IoT integration are also contributing to the expansion of the LVSG sector. Prominent vendors include Rockwell Automation, Mitsubishi Electric Corporation, Eaton Corporation, Legrand, Hager Group, WEG, and Powell Industries. Applications include data centers, power transmission, renewable energy applications, building automation, home automation, smart monitoring systems, and smart grid operation. Geographical expansion and technological advancements are also key factors fueling growth. Market research reports provide valuable insights into vendor selection and predictive maintenance. Major market players such as ABB and Schneider Electric are also investing in fault tolerance and sustainability to cater to residential and commercial applications, solar panel installations, and commercial buildings, including office buildings, retail spaces, hospitals, and energy efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeUL 489UL 1077GeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/industrial-miniature-circuit-breaker-market-in-north-america-to-grow-by-usd-145-3-million-from-2024-2028–driven-by-industrial-demand-and-ai-driven-market-trends—technavio-302349372.html

SOURCE Technavio

Continue Reading

Trending