LED Price Falls Ease In 2016
Even though LED product prices continued to tumble in China, especially in the aftermath of price wars in 2015. Data compiled from numerous research institutes indicate LED product price falls in China started to ease from late 2015, and there is limited room for further product price cuts. Most price falls have occurred among mid to high power LED products.
Last year was an earthshattering year for the LED industry, offset by price wars, mergers and industry restructures. Thankfully, leading international and Chinese LED manufacturers have been “merciful” in 2016, which has allowed the industry to peacefully welcome the upcoming Guangzhou International Lighting Exhibition.