LED street lamp manufacturers are undergoing drastic changes

Under the impacts and challenges of new technologies, new models, and new thinking, countless LED street lamp manufacturers feel confused and painful. When the LED market is trending toward prosperity, the sound of fading LED street lamps is even more frequent. The lighting market is undergoing drastic changes, and many LED street lamp manufacturers were once confused. The price increase of raw materials from the most upstream should be passed through the industry chain layer by layer, because the entire industry chain must guarantee a certain profit, otherwise LED street lamp manufacturers will not be able to continue. At the same time, LED street lamp manufacturers must further reduce costs through technological innovation to ensure quality and after-sales. The price issue involves three levels, one is changes in the relationship between supply and demand, and the other is changes in market segments. The third is the price increase of raw materials. Each LED street light manufacturer has a different gross profit margin for each market segment. Therefore, LED street lamp manufacturers can only rely on integration and supply-side reform. This is the solution. LED street lamp manufacturers need to understand the industry trend in time to achieve long-term development in the future. For the future development of the LED lighting market and existing competitive pressures, many LED street lamp manufacturers choose to merge and merge resources for resource integration.