What Econex does

Econex (legal entity OOO Torgoviy Dom Econex) is a Russian manufacturer of LED lighting fixtures and proprietary automated lighting management systems, headquartered in Volgograd with 2,574 m² of own production area and 24 representative offices covering all million-plus Russian cities from the Republic of Crimea to Novosibirsk. Founded in 2009, the company has completed more than 4,000 projects since 2010 across industrial, municipal, commercial, and educational segments, serving enterprise customers that include Severstal, Norilsk Nickel, Gazprom, PAO Silovye Mashiny, PAO Izhorskie zavody, KAMAZ, TechnoNikol, Heineken/SUN InBev, Group Ilim, and TMK. Its product portfolio spans six categories — industrial/warehouse luminaires, explosion-proof fixtures, outdoor/road lighting, indoor commercial, educational-institution lighting, and emergency lighting — with flagship lines such as Econex PowerX G2, Econex Ray (up to 200 lm/W), Econex Highway G2, and Econex Spark Alarm.

The company's technology platform centers on two proprietary control systems: Econex Smart, a wireless (LoRa 433/868 MHz, up to 15 km range) and wired (RS-485, DALI) lighting management system registered in the Russian software registry (No.15778, 05.12.2022), and Econex Outdoor (ASUNO), a GSM-based outdoor lighting control system. Econex was the first in Russia to deploy wireless industrial lighting management, in 2014. Revenue is generated through hardware sales (LED fixtures and control hardware), energy service contracts (29 implemented, totaling over 1 billion rubles, where the company finances modernization and is repaid from achieved energy savings of up to 90%), electrical installation and post-warranty maintenance services (formalized 2023), and design/engineering services (EOM documentation). The go-to-market is sales-led, combining factory-direct sales engineers with a 24-city dealer network, supported by content marketing, industry events, and direct project financing via ESCs. The company holds multiple Russian regulatory certifications (Minpromtorg registry, Mintsfira software registry, CT-1 certificate of origin, MTC register under 478-FZ, NOPRIZ, NOSTROY, and road safety certification), positioning it for state procurement and import-substitution programs.

Name

Econex

Legal name

Общество с ограниченной ответственностью «Торговый Дом «Эконекс»

Website

https://econex.ru

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Econex is a Russian Volgograd-based LED lighting and proprietary lighting control systems manufacturer serving industrial, municipal, commercial, and educational customers across Russia, with 24 representative offices, 4,000+ completed projects, and energy service contract financing.

Ownership category

akta.pro rank

Product category

Industrial LED Lighting Equipment

NAICS

Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing (335132)

SIC

Electric Lighting & Wiring Equipment (3640)

akta.pro primary industry

Hazardous Location & Explosion-Proof Lighting (ATEX/IECEx, intrinsically safe fixtures) (IMAGAIAC)

akta.pro secondary industries

Outdoor & Area Lighting (Street, Roadway, Parking, Flood, Sports/Architectural exterior) (IMAGAIAB), Lighting Controls & Smart Lighting Systems (BPABAGAC)

Keywords

• Industrial LED lighting
• Lighting control systems
• Explosion-proof luminaires
• Energy service contracts
• Street lighting fixtures

Headquarters

HQ city

Volgograd

HQ country

Russia

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. LED lighting equipment sales: One-time sale of LED light fixtures across industrial, outdoor, indoor, explosion-proof, and emergency categories. Revenue from direct sales and dealer network.
2. Lighting management systems: Sale of proprietary Econex Smart and Econex Outdoor automated lighting control systems, including sensors, control modules, and management software.
3. Energy service contracts: Full modernization of customer lighting without upfront investment. The energy service company finances equipment replacement; customer repays from achieved energy savings over contract duration. 29 contracts implemented totaling over 1 billion rubles.
4. Electrical installation and post-warranty services: Electrical installation of lighting systems and ongoing maintenance services, offered since June 2023.
5. Design and engineering services: Lighting design, photometric calculations, and project documentation (section EOM) provided as part of turnkey solutions. Factory is an active member of SRO in engineering surveys and architectural-construction design.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Econex designs and manufactures LED lighting fixtures across industrial, explosion-proof, outdoor, indoor, educational, and emergency categories, complemented by proprietary automated lighting control systems (Econex Smart for indoor wireless/wired control and Econex Outdoor/ASUNO for street lighting). The company delivers full-cycle turnkey projects including lighting design, equipment manufacturing, electrical installation, commissioning, post-warranty service, and project financing through energy service contracts (ESC) where customers repay from achieved energy savings without upfront investment.

Product overview

Econex is a Russian manufacturer of LED lighting equipment and lighting control systems, headquartered in Volgograd with 24 regional representations across Russia. The product portfolio consists of a unified ecosystem of LED luminaires organized across six core product lines (industrial/warehouse, explosion-proof, outdoor/street, indoor/commercial, educational, and emergency lighting), complemented by two proprietary control system platforms (Econex Smart for indoor wireless/wired control via LoRa/RS-485/DALI, and Econex Outdoor/AСУНО for outdoor street lighting via GSM/PLC-light), and a range of motion/illumination sensors. The company also offers energy service contracts for lighting modernization without upfront investment. Key product series include PowerX G2 and Ray for industrial applications, Highway G2/Rd G2/Spark for outdoor use, Office G2/Econex E for indoor and educational spaces, and Liner 2Ex for hazardous environments.

Differentiator

Problem solved

Functional benefit

Brands

• Econex Smart: Automated wireless and wired lighting management system for industrial and commercial buildings, operating on 433/868 MHz LoRa (LR variant) or RS-485 wired protocol. Enables dimming, scheduling, sensor integration, energy monitoring, and 3D visualization interface. Registered in Russian software registry (2022).
• Econex Outdoor (АСУНО)

Products and services

• Industrial and Warehouse LED Luminaires Complete line of LED luminaires for industrial and warehouse facilities with installation heights from 2 to 60m, designed for heavy-duty environments, hot workshops, warehouses, and logistics centers. Includes 485+ models with luminous efficacy up to 200 lm/W.
• Explosion-Proof LED Luminaires Certified explosion-proof LED fixtures for explosive zones class 1 and 2, categories IIA, IIB, and IIC, with various junction box options (e, et, d, dt) for gas and dust environments. Targets oil & gas, petrochemical, and mining sectors.
• Outdoor and Street LED Luminaires Outdoor LED luminaires for streets, roads, highways, municipal areas, and perimeter security applications. Includes highway (categories IA, IB, IB), road (categories IB-V), mast (30m+), and Spark Alarm dual-mode perimeter security luminaires. 195+ models available.
• Indoor Commercial LED Luminaires LED luminaires for offices, administrative buildings, retail, and healthcare facilities. Available in 595x595mm and 1195x595mm formats for Armstrong ceilings, Грильято ceilings, drywall, and recessed mounting. 570+ models.
• Educational Institution LED Luminaires Specialized LED luminaires for classrooms, corridors, libraries, school boards, and sports halls. Features high color rendering (CRI 90) and comfort color temperature (4000K) for visual comfort in learning environments. 25+ models.
• Emergency LED Lighting Emergency and evacuation luminaires including exit indicators (Vegas, Antares, Sirius) with constant and non-constant operation modes, providing minimum illumination of escape paths during power outages. 15+ models.
• Econex Smart Lighting Control System Proprietary automated lighting control system for industrial, warehouse, and commercial buildings. Supports wireless (LoRa 433/868 MHz, up to 15km range) and wired (RS-485, DALI) variants. Enables dimming, scheduling, daylight harvesting via sensors, energy monitoring, and 3D visualization interface.
• Econex Outdoor (ASUNO) Lighting Control System Automated outdoor lighting control system for streets, roads, and highways. Uses GSM channel via SMS for centralized management and PLC-light protocol for end devices. Includes control cabinets, control modules, and PLC-light end devices.
• Econex Sensors Motion and illumination sensors for integration with Econex Smart, including infrared (range up to 4m, 180-360°), microwave (range up to 16m, 360°), and light level sensors (90°) for automated lighting control.
• Energy Service Contracts (ESC) Full modernization of customer lighting without upfront investment. The energy service company finances equipment replacement; customer repays from achieved energy savings over the contract duration. 29 contracts implemented since introduction totaling over 1 billion rubles.
• Electrical Installation and Post-Warranty Services Professional electrical installation services for lighting systems and ongoing post-warranty maintenance services. Delivered as part of turnkey lighting projects for customers including PAO KAMAZ, AO BELZAN, and OOO TD GRASS.
• Design and Engineering Services Lighting design, photometric calculations, and project documentation (section EOM) provided as part of turnkey lighting solutions. Econex is an active member of SRO (NOPRIZ) for engineering surveys and architectural-construction design.

Quantifiable outcome

• Energy savings up to 90% in implemented projects (e.g., Silaovye Mashiny: 192 kWh to 31 kWh; Izhorskie zavody: 1,000 kWh to 250 kWh)
• +5 more outcomes

Named customers16 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability1 record

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• KM-Profile (КМ-Профиль)minorChannel Partner/ Reseller/ Distributor · 6 October 2025Econex became distributor of KM-Profile — Russian manufacturer of cable management systems and mounting metal structures. Partnership closes 'cable trays' section in lighting projects, speeds up commissioning, reduces costs, and provides single-source responsibility for cable infrastructure alongside lighting.
• NOPSM (National Association of Lighting Industry)minorOthers · 1 August 2025Econex joined NOPSM — National Association of Lighting Industry Manufacturers, strengthening position in energy-efficient solutions sector.
• OAO Severstal (Северсталь)coreStrategic or Co-development Partner · 1 January 2013Active partner in development of wireless management system since 2013. Severstal independently evaluated Econex Loft industrial luminaire and confirmed high operational properties.
• PAO Norilsk Nickel (ПАО Норильский Никель)coreStrategic or Co-development Partner · 1 January 2013Active partner in development of wireless management system since 2013. Provided feedback and recommendations for product improvement.
• SUN InBev Russia (САН ИнБев)coreStrategic or Co-development Partner · 1 January 2013Active partner in development of wireless management system since 2013. Provided feedback and recommendations for product improvement.
• OAO Obedinennye Mashinostroitelnye Zavody (United Machine-Building Plants)coreStrategic or Co-development Partner · 1 January 2013Active partner in development of wireless management system since 2013. Provided feedback and recommendations for product improvement. First and largest wireless management project in Russia was implemented here.
• Cree (USA)coreTechnology or Integration · 1 September 2012Technology partnership with Cree for LED components. Cree XM-L LEDs (161 lm/W) applied from June 2012, Cree XT-E and XP-G used across product lines. Joint seminars conducted in Novosibirsk (September 2012).
• Optogan (ZAO Optogan, Saint Petersburg)coreTechnology or Integration · 19 April 2012Partnership agreement with Optogan for supply of super-bright LEDs used in Econex luminaires. Signed in April 2012, referenced through collaboration with OAO Rosnano-Inform on LED-based lighting solutions.
• OAO Rosnano-InformcoreStrategic or Co-development Partner · 1 January 2009Cooperation agreement for development and delivery of LED-based luminaires using Optogan LEDs. First strategic partnership enabling Russian LED lighting production.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Signify (Philips Lighting): Global lighting leader (formerly Philips Lighting) with a comprehensive portfolio of connected LED systems including Interact; competes with Econex in commercial and industrial segments wherever Western brands still have access.
• Acuity Brands: Large US-based lighting and building solutions provider with industrial, outdoor, and controls offerings (Lithonia, Holophane, DTL); comparable vertical breadth to Econex on the B2B side.
• ams OSRAM: Global lighting and sensor solutions company with industrial, outdoor, and horticulture LED portfolios plus OSRAM Digital Systems controls — analogous full-stack offering to Econex's fixtures-plus-controls model.
• Zumtobel Group: Austrian professional lighting company with strong European industrial and outdoor presence and a dedicated controls platform; comparable to Econex's industrial/commercial product mix.

Emerging players

• Schréder: Belgian specialist in outdoor, street, and infrastructure lighting with the Owlet IoT control platform; comparable to Econex Outdoor/ASUNO in the municipal outdoor-lighting segment.
• Cree Lighting (Smart Global Holdings): US LED lighting specialist with strong industrial and outdoor portfolios; relevant comparator given Econex's historical Cree LED sourcing partnership and similar efficacy-focused product positioning.

Direct peers

• BLIK (Blik Lighting): Russian manufacturer of LED fixtures for industrial, commercial, and outdoor applications with nationwide distribution — directly comparable product portfolio and target verticals to Econex.
• LEDEL: Russian LED luminaire manufacturer based in Kazan with strong industrial and outdoor focus and proprietary control offerings — the closest direct competitor to Econex in the Russian industrial and municipal lighting segment.
• Feron (Russia): Russian/CIS lighting brand offering broad LED fixture and luminaire catalog across price tiers; competes with Econex in the budget and mid-market commercial and industrial segments.
• Svetlana-Optoelectronics: St. Petersburg-based LED and optoelectronic component manufacturer with its own luminaire line; competes with Econex in Russian industrial and street-lighting markets and shares the import-substitution positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xdzen.ru/zavod_econex
• YouTuberutube.ru/channel/43805190

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Econex