UFO LED high bay light lighting industry is in the new cycle

In 2016, it was regarded as a new watershed in the development of the UFO LED high bay light industry.

On the one hand, the scale differentiation of enterprises in various subdivisions is obvious, and the market share of UFO LED high bay lights is becoming more and more concentrated. On the other hand, the price of the core raw materials is slowing down, some chips, packaging and other products price callback.

The competition of the industrial chain has benefited from the rapid growth of the downstream demand and the competition of enterprises, and the "price war" is no longer the primary means of competition for the new development cycle.
UFO

From the traditional to the UFO LED high bay light, industry has gradually shift from the market began to replace to new markets, such as more intelligent integration or products out slowly, more application brings more opportunities.More application scenarios and market demands make lighting more and more visible, and more competitors and even cross-industry competitors come in.

The nature of the lighting industry has always been more fragmented and global brand concentration is not particularly high.The top 10 UFO LED high bay light brands in China add up to less than 7 percent market share, and the real competition is not particularly obvious, especially the brand competition.But when it comes to the lighting of UFO LED high bay light, the dispersion pattern seems to be changing.

In the next few years, domestic UFO LED high bay light manufacturer will continue to benefit from the rapid growth of domestic LED lighting and enjoy the market dividend.The three major lighting taps in the world gradually quit (Chinese companies acquire) and the rise of independent brands.As the same time, as LED costs and prices continue to decline, the penetration rate of global UFO LED high bay light is expected to continue to increase to more than 30%.

Under such a situation, to be a brand actually has more and more challenges to many new entrants.Of these, TEK lighting is one of the few successful representatives that has been able to squeeze into the core of traditional lighting over the past few years.In China's lighting industry, no company has more than 10 per cent sales, which provides a huge opportunity for TEK lighting.

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