LED lighting market demand is great

The LED global supply chain database report shows that in the second quarter of 2021, the price of LED products for overall lighting will rise by 0.3~2.3%, mainly because the demand for LED lighting market has fully recovered since the first quarter and remained high-end in the second quarter. In addition, the structural shortage of upstream LED chips caused by the epidemic is still unresolved. In order to avoid falling into the shortage situation of last year, terminal lighting product manufacturers have increased their stocking efforts. It is estimated that the rising trend of the supply chain will drive the output value of LED lighting for the whole year to reach 6.709 billion US dollars, with an annual growth rate of 3.43%.

Looking at this wave of price increases from the perspective of the supply chain, due to the impact of the epidemic last year that caused the chips and related metal raw materials to rise, some lighting LED manufacturers are facing the pressure of upstream price increases, and they have increased their previous sales of low-priced lighting LED products. In order to maintain profit fundamentals.

On the whole, despite the pressure of rising prices of upstream raw materials, lighting LED manufacturers are still actively improving product performance, including luminous efficacy and color saturation, and successively launching related products that meet the new needs of the post-epidemic market to consolidate their own market share. And competitiveness, such as OSRAM and Lumileds launched lighting LED products created by the architectural atmosphere, and CREE LED products suitable for indoor planting and plant factories.