What about LED high bay light manufacturers survival situation in China?

China's LED high bay light market has been developing rapidly in recent years, and competition in the industry has been increasing. Among them, the small power LED high bay light applied in the interior is relatively low in the technical threshold, and the market competition is especially fierce.

Due to the complicated domestic and international economic environment, in the past two years has LED high bay light enterprises issued a circular, as a result of excess capacity and industry chain debts capital turnover difficult, decided to clean up and hold the supplier internal claim filing and liquidation.
LED HIGH BAY LIGHT

Faced with fierce price competition, LED high bay light factory is constantly adjusting the price, the product price has been bottom, more difficult is some raw materials and labor costs are still rising. Therefore, in the next year or two, there will be a large number of small LED high bay light factory will close down.

In 2017 will still be hard for a year, but the huge market space for a certain scale and a better quality of customer enterprise is a year full of spirit, with fewer competitors, market concentration of ascension makes these enterprises market full of confidence for the future.

In the first half of this year, the industry as a whole has been better than previous years. Large LED high bay light have maintained their growth, but it will still be difficult for small and medium-sized LED high bay light factory.

In the first half of the year, TEK LED high bay light realized the profit and profit growth, mainly because the company increased the production automation equipment, reduced the personnel cost, centralized procurement in the supply chain, effectively reduced the purchase cost. In addition, the company's overall order volume this year has absorbed some operating costs.

In the future, LED industry will be concentrated in the direction of concentration, which means that the larger the plant, the smaller the smaller plant, even the merger or collapse. With the increase of the industry shuffling, the market concentration is more and more high. Next, there are only two ways for medium-sized LED high bay light companies to get out of the way, either to develop a differentiated route or face transition or elimination.

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