LEDVANCE has become the latest company to announce price increases, announcing that the price of traditional products will rise by 6-8%, and LEDs will not increase prices for the time being.
Matt McCarron, vice president of trade sales in the US and Canada, told clients in a letter: "Advances in solid-state lighting (SSL) technology are having a huge impact on the lighting industry. The rapid expansion of SSL in all lighting products has made traditional lighting products Sales have fallen sharply. Due to this shift, the number of traditional lighting products has decreased, resulting in loss of economies of scale, which ultimately led to an increase in the cost of traditional products."
“We will implement a 6-8% price increase for traditional products. The specific category pricing will be different. The price increase will be communicated soon, but does not include SSL products, components and drivers.â€
In recent weeks, some major US brands have issued similar statements, including Acuity, Eaton and Venture.
Eaton said that Eaton Lighting will increase the price of legacy technology products and select LEDs and controls products as metal materials, raw materials, freight and parts costs continue to rise. The average price increase of this price adjustment is 6%. Depending on the type of product, the increase in metal materials may be higher than 6%.
American lighting manufacturer Acuity Brands has just announced that it will raise prices of all traditional lighting technologies and various LED products by 6% in the United States starting June 11. This is also the first time Acuity Brands has raised a large price increase in the market for many years.
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