What is the industry development trend of LED high bay light manufacturer ?
In 2017, the global environment is restricted, and 20% LED high bay light enterprises will leave the field.
Indeed, looking at the global economy in 2017, we can see that the entire last year was still a period of deep adjustment after the international financial crisis, with limited growth momentum.
In China, thanks to years of lighting era of transition from traditional lighting to LED lighting, appear on the market of explosive growth, has attracted a lot of capital in society, followed by new LED high bay light manufacturers have sprung up. By last year, however, growth had slowed sharply for the first time.
LED high bay light manufacturers
In this year, the traditional lighting products market demand continues to decline rapidly and LED lighting after recent years of development, development speed slow, at the same time, industry competition, price competition, product homogeneity intensified.
In fact, influenced by international market exchange rate fluctuations, China LED high bay light manufacturer export growth has slowed in the end of 2014. 2017, influenced by the boom of the global economy is low, the LED lighting demand weak, although there was a rising demand in 5 to 7 months, the international enterprise product prices also fell more than 20%.
LED industry research groups have said that more than 20, 000 LED companies are expected to drop out of the market over the course of the year due to a combination of slowing demand and increased competition.
Real data, while the dubious, review in 2017, influenced by price wars and intense competition such as product homogeneity, really can see there are a large number of small and medium-sized LED high bay light enterprise, lead to some bankrupt companies selling stock at a lower price, thus the impact on the market, and form a vicious circle.
Indeed, looking at the global economy in 2017, we can see that the entire last year was still a period of deep adjustment after the international financial crisis, with limited growth momentum.
In China, thanks to years of lighting era of transition from traditional lighting to LED lighting, appear on the market of explosive growth, has attracted a lot of capital in society, followed by new LED high bay light manufacturers have sprung up. By last year, however, growth had slowed sharply for the first time.
LED high bay light manufacturers
In this year, the traditional lighting products market demand continues to decline rapidly and LED lighting after recent years of development, development speed slow, at the same time, industry competition, price competition, product homogeneity intensified.
In fact, influenced by international market exchange rate fluctuations, China LED high bay light manufacturer export growth has slowed in the end of 2014. 2017, influenced by the boom of the global economy is low, the LED lighting demand weak, although there was a rising demand in 5 to 7 months, the international enterprise product prices also fell more than 20%.
LED industry research groups have said that more than 20, 000 LED companies are expected to drop out of the market over the course of the year due to a combination of slowing demand and increased competition.
Real data, while the dubious, review in 2017, influenced by price wars and intense competition such as product homogeneity, really can see there are a large number of small and medium-sized LED high bay light enterprise, lead to some bankrupt companies selling stock at a lower price, thus the impact on the market, and form a vicious circle.
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