In the next two years, the price of high-power LED high bay light will fall by 30%

As the market is constantly expanding, high power LED high bay light products in the practical application of very high quality requirements, while there are more competitors to enter, but want to guarantee the high quality products output, investment in resources is necessary. Therefore, in the short term, the price will not be reduced to too low, but in the same high quality, there will be price suppression.
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It is well known that LED high bay light have high power, using bad environment and expensive features, especially the high cost of high-end LED high bay light.Its cost has been high in proportion to the cost of the whole lamp, which leads to the gradual compression of profit margins.

In the next two years, the price of high-power LED high bay light will fall by 30%. As you can see, the prices of all the brands of LED high bay light have been lowered, and TEK lighting has already been ahead.

The price of large power outdoor LED high bay light will continue to be lowered in the next few years due to the trend of price reduction in the whole market, until the next stable point is adjusted to the next level.

Finally, the brand, quality and service will be the competition.The position of large enterprises in the market will become more stable and growing, while the size and market share of small and medium-sized enterprises will be further squeezed, and the market will enter the stage of deep shuffling.
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Based on the analysis of the personage inside course of study above, the next few years the price of high power outdoor LED high bay light will be toward the direction of higher cost performance, each big brand will integrate various resources, create higher quality, more cost-effective products, in order to improve their own comprehensive competitiveness.

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