Price cut tide to meet the turning point? Largest U.S. luminaire manufacturer announces price increase of 6% LED market. After a decade of plunging lamp prices, the wave of price cuts seems to be turning. For the first time in years, Acuity Brands, the largest luminaire manufacturer in the United States, has experienced significant price increases in the market, which surprised the global lighting industry.
Acuity Brands has several top brands in North America and Europe, including Lithonia, Winona, Holophane, Hydrel, Carandini, Gotham, Indy, Peerless and eldoLED, with annual sales exceeding US$3.5 billion (approximately 22.17 billion yuan). Acuity Brands Announces Price Increase for All Traditional Lighting Technologies and Multiple LED Products in the United States Starting June 11. This move is significant and Acuity Brands is considered an industry leader, and many independent light source manufacturers are expected to follow the price increase.
For Acuity, a British manufacturer said the move could be seen as a “turning point” in the decline in prices over the years. Lux, a media company, believes that Acuity’s price increases will be copied by other brands.Sure enough, another enterprise Eaton company in the us local time on May 15, open letter to sales agents, said: “because of the metal materials, raw materials, freight and parts costs continue to rise, Eaton lighting division will rise by traditional lighting products (legacy technology products) and high-end LED and control products (LED and select controls products) price.” Specifically, the average increase was 6 percent, depending on the range of product types. Products with higher metal materials may rise more than 6 percent.
Eaton lighting said the adjustment would begin on July 16. It also said that due to continued changes in the material market and government regulations, Eaton lighting retained the right to change the time of implementation and increase the price.