Lighting business only accounts for 2% GE or will hope for the smart lighting market

Wal-Mart has been implementing LED replacement projects around the world since 2014, and has been working with GE to build LED display lights for refrigerators as early as 2005, and is now expanding into parking lots and indoor lighting. Wal-Mart also worked with the US Department of Energy (DOE) in 2009 to replace outdoor lighting with LED lights. Recently, Wal-Mart has achieved an energy-saving milestone, saving more than $100 million in energy costs by installing 1.5 million LED lamps in 6,000 stores, parking lots, logistics companies and offices around the world. Wal-Mart has been implementing LED replacement projects around the world since 2014, and has been working with GE to build LED display lights for refrigerators as early as 2005, and is now expanding into parking lots and indoor lighting. Wal-Mart also worked with the US Department of Energy (DOE) in 2009 to replace outdoor lighting with LED lights. Maryrose Sylvester, president and CEO of GE's Current, said: Wal-Mart is setting a good example for the retail industry. We believe that the transformation of global LED and LED controllers will pave the way for next-generation smart retail, and new digital solutions that are steadily advancing will continue to improve the shopping experience. Wal-Mart is once again in the lead. As a former lighting giant, GE's position in the LED era is gradually declining. In recent years, industrial enterprises are entering the era of digital transformation. As an industry leader, GE has also become a pioneer in digital transformation. Founded in 1892, the industry giant has become a global leader in the industry and a leader in innovation, from Edison's first electric lamp, to later aero engines, power generation equipment, medical equipment, to clean energy. Innovation, GE is constantly changing people's lives through cross-industry, diverse technologies and services. On September 7, 2001, Immelt took office. Under his leadership, GE sold electrical, insurance, plastics, and NBC Universal Entertainment. It also acquired a series of software companies and oil and gas companies, and turned completely into a commitment to high-end. An industrial company that grows in the industry. However, the market is ruthless, and while GE has become more digital and innovative, stocks have an annual return of 1.5% during the Immelt term (the Dow Jones Industrial Average averages 7.6%). GE's stock has fallen 30% in the past 17 years and is the worst performing stock in the Dow Jones Industrial Average. According to foreign media reports, in November 2017, GE announced that it would lay off thousands of people in order to save the company's costs and concentrate most of its financial resources to develop three core businesses: aerospace, medical insurance and energy. The lighting business is merged into its subsidiary GE Lighting is arguably the pioneer of the entire lighting industry, but GE's 125-year-old lighting-based company sold its business frequently in 2017, including the lighting business. In fact, these moves by GE are not surprising. With the decline of GE's lighting business, the lighting business has been minimal in its revenue system. According to GE's total revenue for the first three quarters, GE's three lines of business (31% of electricity, 24% of aviation, and 16% of medical care) accounted for the highest proportion. In other businesses, oil and natural gas accounted for 14%. Renewable energy accounts for 9%, transportation accounts for 4%, and lighting business accounts for only 2%. At present, GE mainly focuses its business on aviation, energy, power and healthcare, and the lighting business has not been incorporated into the future. The lighting business will be led by GE's Current company, which means that the future GE lighting business is only part of Current. Smart Connected Technology is the focus of the future For GE to sell lighting business, some insiders commented that this does not mean that GE will completely withdraw from the lighting market, but more focus on the intelligent lighting market. Recently, GE announced that it will add some new smart devices to the CbyGE series, such as new smart switches and chandeliers. To be honest, smart switches and smart chandeliers have long been nothing new, but this time GE added some material, both of which contain miniature smart speakers. In other words, GE's smart switches and chandeliers will sing! It is reported that GE's two products also include humidity and temperature sensors. You can even monitor if someone is indoors to decide if you want to turn the light off automatically. When someone passes, the chandelier can also sense it and automatically turn it on. In addition, GE has joined Amazon's Echo Space Perception System (ESP), which only allows Alexa-enabled devices to respond to your voice, even if there are many related devices in the hearing range, still only Make a one-on-one response. In addition, in the field of outdoor lighting, in January 2017, ATT worked with GE and Georgia Power to test intelligent lighting solutions in Atlanta, USA. ATT said these companies are using the ATT Smart City Framework as the basis for adding smart lighting solutions throughout the city. It can be seen from these actions that GE may not completely abandon the lighting market, but pay more attention to the development of smart internet technology, and gather more resources in the process of business transformation in the high-end part of the industry chain - intelligent lighting.

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