Chinese LED Lighting market penetration rate keeps rising cause fierce price competition. The recently relentless strength of the US Dollar is beneficial to the upstream Chinese LED lighting manufacturers. That may cause a new wave of LED lighting terminal market price war.
On the other hand, for the continue Falling prices of LED Lamps, the upstream LED element price is closed to the cost. It is reported that, the price of medium power LED Lamps glide 30-40% and high power glide 20-30%.
The sharp fall in the price of LED element in Chinese LED lighting market lead to the exiting of many Chinese LED lighting manufactures in the market. According to the reported. There are 4000 Chinese LED lighting suppliers exited LED lighting market in 2015, which force other Chinese LED lighting manufactures to reduce the price. Although the whole shipment of LED bulbs had increased, it make no contribution to the Chinese LED lighting suppliers. Some LED dealer pointed out that the price of LED bulbs is similar with the energy saving lamps, and in 2016 LED bulbs still have price pressure, but the decline is expected to moderate all the year round.
Despite increasing competition market, for the LED industry, the future is still considerable potential for development.