Lighting giants are now increasingly under pressure to focus on a small number of profitable products in the lighting industry. Competition is especially rough in the LED bulb market, where we are seeing top lighting manufacturers. Lighting giants restructure policies have reflected the lighting industry’s increasingly profit-driven strategies.
large lighting manufacturers restructure policies have reflected the lighting industry’s increasingly profit-driven strategies, which has been highlighted in their restructure plan in 2014-2015, where less-profitable businesses have been let go.
In short, LED bulb markets low technology entry level makes it relatively easy for LED bulb manufacturer to enter leading to overt competition that has driven down profits in the sector. To cope in the increasingly profitless market situation manufacturers have been adopting market strategies that direct resources to more lucrative businesses and applications, such as smart lighting products.