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In March of this year, Cree raised the price of a 6-watt LED bulb to a price of $9.97, which fell below $10. In August, less than $100 street lights were introduced, saving 65% more electricity than conventional lighting. The LED can regulate the brightness of the nature, when the LED is popular, at the same time, so that the demand for regulatory systems will increase, and further increase the effect of energy conservation through management. Cree's actions began to make consumers turn to LED lighting.
Cree is not only selling at the bottom price, but also proposes 10 years of product warranty. For LED street lights exposed to wind and rain, it is undoubtedly to reduce maintenance costs. In addition to the long-life characteristics of LED lamps, LED street lamps have cheaper. Cree's $10, $100 lamp, and 10-year warranty will undoubtedly bring pressure to other manufacturers to follow up, but consumers are more willing to use LED lighting.
With smart lighting control system, LED lights more significant energy-saving effect, and now LED lighter prices, with the lighting control system demand rose. However, due to fierce competition and mature technology, the cost of intelligent lighting control systems has been reduced by an order of magnitude. Digital Lumens CEO Tom Pincince stated that the original smart lighting control system was priced at $1.3 per square foot, but now “from Yuan to Jiao, from Corner to minute, down to only 5 cents per square foot, which is quite a dramatic change.