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Following Acuity Brands, another US company announces price increases for lighting products

Following Acuity Brands, another US company announces price increases for lighting products

A few days ago, American company Acuity Brands announced that in the United States, all traditional lighting products and a variety of LED products will increase by 6% from June 11.

For Acuity's price hikes, a British manufacturer said that this move could be seen as a "turning point" in the trend of falling prices over the years. Media Lux believes that Acuity’s price increase statement will be copied by other brands.

Sure enough, another US company, Eaton, said in an open letter to distribution agents on May 15th, local time: “As the cost of metal materials, raw materials, freight and parts continues to increase, Eaton’s lighting department will increase the traditional technology. Products) and the price of high-quality LED and controls products."

Specifically, the average increase is 6%, depending on the product type range. The increase in metal products, which account for a relatively high percentage of products, may be higher than 6%.

Eaton Lighting said that this adjustment will be implemented starting July 16 this year. It also stated that Eaton Lighting reserves the right to change the time of implementation and price increase due to continuous changes in the material market and government regulations.

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