LED high bay light market play price war , It's always going to be eliminated

play price war, finally must be eliminated. In recent years, the sales of LED high bay light have increased rapidly, and the market share has been expanding, but the market competition is increasingly fierce, and manufacturers are playing a price war, and the price of LED high bay light is decreasing.And price wars are not just in China these years.

In the first half of last year, the prices of LED high bay light was greatly reduced in North America.Behind this is the process that many companies must go through to grab market share.The difference is that some businesses have survived, and some have been squeezed out.
HIgh Bay

Since the beginning of this year, as the overall market of LED has gradually recovered, some manufacturers have gradually become full of orders, and the price of upstream raw materials has stopped falling, so that the prices of LED high bay light is generally stable.

TEK has long been aware of the core competitiveness of its products, compared to companies that rely purely on the scale of production capacity.Companies cannot survive without respect for intellectual property, innovation and competitiveness.Therefore, a number of major plant key layout patents, really use market-based means to regulate the market, squeeze competitors.

TEK has always focused on the layout of patents, which is to expect the market to be more regulated and orderly.At the same time, we also applied in the whole lamp design, material, optical layout, driven design and so on various aspects have made a lot of layout, the purpose is to protect our customers, and make sure we are able to lead the market.

The result of the price war is the shift of capacity orders to more competitive companies.
It is wise to make strategic adjustments.Especially in the market LED high bay light product good and bad, the price is different.In this market environment, enterprises only continuously dig the technology, strictly control the quality, expand the effective, high value added capacity to improve their competitiveness.

The relevant person in charge of TEK is expected, "the price war will continue in the next two years, but the market will gradually standardized, big market share will increase, the price also will gradually flatten out."

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