LED prices continued to decline in lighting demand will be greatly increased

LED lighting has attracted a large number of prospects for the influx of capital, the increasingly fierce market competition makes the price has become an important means of competition for LED companies.

At present, the global LED lighting products are gradually decreased in varying degrees, for the impact of LED product prices, the main factors driving the price decline in two areas:

First, the upgrading of technology to reduce production costs LED. In recent years, the LED upstream chip industry huge investment, the current chip prices have dropped to 30% in 2010. At the same time, new technologies are emerging.

The second aspect is that, because of the huge prospects of LED lighting to attract a lot of capital influx, the increasingly fierce market competition makes the price has become an important means of competition for LED companies.

LED prices continued to decline in lighting demand will be greatly increased

The related research center that, thanks to the upper and middle reaches of the price advantage gradually decline, by 2014 the global LED lighting products prices still decline in space, is expected to Chinese LED indoor lighting products prices 2013-2014 the average annual decline of about 20%, LED lighting market is expected to usher in a new round of the outbreak of the strong.

In the past, in the lighting market, with household lighting penetration minimum, it is because LED lighting products prices are too high in the past, home dress often take several years to recover, but now with the LED bulb price, governments have banned incandescent lamp, coupled with the global economic recovery will contribute to LED lighting is expected to fermentation. In 2014, LED lighting market demand will increase greatly. At the same time, the price decline will accelerate the industry consolidation and survival of the fittest, forcing enterprises to reduce costs, strengthen management, optimize resources, integrate supply chain, enhance their competitiveness to meet the outbreak of the market.