GE Current, under Daintree, recently announced a price increase. GE Current stated that due to the global pandemic, the lighting industry continues to face rising costs for bulk materials such as steel, aluminum, and electronics, as well as freight and logistics, and unfavorable exchange rates.Therefore, GE Current announces the following price changes: LED lighting luminaires, light poles and control products see price increases of up to 8%. Price increases will take effect in March 2021. Updated prices will be published on February 15, 2021. LED lamps and drivers see a price increase of 3%. Price increases will take effect in March 2021. Updated prices will be available on February 15, 2021. Hubbell announces price increases of 3% to 10% In its notice, Hubbell stated that, in response to ongoing cost pressures regarding commodities, freight and exchange rates, Hubbell Lighting will increase the prices of multiple luminaire and control product lines by 3-10% effective February 15, 2021. Hubbell stated that orders for affected products will be accepted at current price levels until February 12, 2021. After this date, new pricing will apply. Updated price documents will be released on January 15. Price increases have been the major news in the LED industry recently. Cooper Lighting Solutions, Maxlite, TCP, Signify, Acuity, QSSI, Hubbell, and GE Current have successively announced price hikes. We have compiled the specific price changes as follows:
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