LED market depression in 2015
In 2015, under the Great Depression of the LED market, companies gritted their teeth, hoping to live to meet the dawn of the end of darkness. The question is how far is the dawn? The industry voices are less and less, and channel activities in full swing in previous years have now become silent. Except for the smoke after the T8led lamp was switched on, the led bulbs and T5 LED lamps that followed were sharpened in the thick fog and trembling.
Due to high costs, insufficient orders, price wars and other outstanding issues have seriously plagued companies. For this reason, companies that do light strips expand to make LED tubes, and companies that do LED tubes start to make LED bulbs, even if they have orders. , It doesn’t matter if you don’t make money. Some companies are gradually shrinking their battle lines, turning from external to internal, and focusing on quality control, technology research and development, team building, service improvement and other factors.
Many stores’ turnover fell by 30%, and their profits actually fell by 50% due to price wars and other reasons. In a certain section of the lighting street in the ancient town, nearly 40 of the original more than 800 stores closed their doors and some were even posted with lease reminders, and words such as the walls for rent and the ceiling for rent were everywhere. In lighting and lighting, layoffs have become the norm for companies to "throttle". Some companies have cut their employees from more than 400 to less than 200, and companies sometimes close down.
