LED Business Not Very Profitable in Past Fiscal Year; IoT is the One Bright Spot - Energy Watch News


LED Business Not Very Profitable in Past Fiscal Year; IoT is the One Bright Spot

With the beginning of September comes the start of the new fiscal year for the LED business. Unfortunately, the report card for most LED makers and LED lighting makers has not been good. In recent years the LED lighting industry has become more and more like the conventional lighting industry with only a handful of very large manufacturers. The major LED makers are taking over the vast majority of LED production. At the same time severe price competition from Asian suppliers has reduced much of the profitability of these companies. The recently instituted tariffs on trade goods from China has only hurt U.S. LED producers. We should probably expect industry consolidation and the buying of small LED lighting firms at bargain prices. One way to continue getting profits from Lighting is to essentially lease the controlled and monitored lighting as a service. http://www.solidstatelightingdesign.com/

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One comment on “LED Business Not Very Profitable in Past Fiscal Year; IoT is the One Bright Spot

  1. Marc McCord says:

    It is much like the early days of CFL lamps. A few companies made good products, but off shore outfits with inferior products came in at half the price. We did a poor job of educating the public about the differences and lost share as a result. Almost the same thing is happening with screw base LED lamps. Philips and a few others make a great product, but Chinese companies show up with no name inferior products, and the public buys them because they look like the major brand’s lamps and they are cheap. Again, we have done a poor job of educating the public. As a result, it is all about price and it has become a race to the bottom.

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