The Highest Increase Is Up To 30%! List Of Recent Price Increases in The LED Industry
Jun 21, 2021
Among domestic manufacturers, following lighting companies such as Foshan Lighting, Op Lighting, Sanxiong Aurora, Seton Lighting, etc., starting from March, more large, small and medium-sized lighting companies have followed up. Take Yade and Unilumin Technology as examples.
1、Mulinsen's product growth this year has reached 20-30%.
2、Leyard product prices increased by 3-15%.
3、Unilumin Technology has adjusted the prices of some products.
In the second quarter of this year, the overall price of LED products for lighting will rise by 0.3-2.3%. It is estimated that the rising trend of the supply chain will drive the output value of LED lighting for the whole year to US$6.709 billion, with an annual growth rate of 3.43%.
Whether it is lighting or display, price increases may affect the sales of related manufacturers in the short term, leading to increased inventories and the risk of performance decline. However, from a long-term perspective, price increases will drive manufacturers to accelerate product structure optimization and optimization to a certain extent. Upgrade to increase the proportion of high value-added products such as high luminous efficiency, intelligence, and new displays, which will help manufacturers improve their competitiveness and profitability in the long run.
