Rising! Signify and other lighting manufacturers announce price increases

Share several market price increase notices.

Signify announced a price adjustment notice indicating that prices for traditional light sourcesballasts will be adjusted, with increases ranging from 7% to 22%. Signify stated that due to the ongoing global pandemic, rising costs of various raw materials and supply shortages have significantly impacted product costs. The company has decided to increase dealer purchase prices for certain traditional product series effective June 29, 2022, and recommends adjusting the suggested resale prices for these product series.

GE Lighting China authorized Dealer Jianzheng Lighting announced that, due to declining sales of traditional lighting products and rising supply chain costs, to ensure replacement market supply and meet customer needs, price adjustments will be made for certain GE brand traditional lighting products . The company will implement this effective August 1, 2022, with product price adjustments ranging from 5% to 10%.

In addition to lighting products, electrical goods have also seen price increases. Panasonic Building Electrical stated that due to the continuous rise in raw material prices causing an increase in supply chain costs, Panasonic Building Electrical has decided to adjust prices for wiring part products . The price increase for product series such as GeCai, ZhiJie, YueChen, YaYue, YueHao, QuYue, YiShi, ZhiYu, ZhiCheng (86 and 118 types), YiCheng, YiCheng Plus, and ShiXiang is 5%, and the new prices will officially take effect at 00:00 on July 1, 2022 .

Schneider sent a "Notice on Price Increase for Some Switch Panel Products" to its sales department, stating that due to the rise in raw material prices, labor costs, and transportation costs since last year, after company research and decision-making , some switch panel products will have their prices increased starting from June 25, 2022 at midnight. Specifically, the price increase for the "Zhenbo Product Series" is 3%—5%; for the "Changyi+ Product Series", it is 1%—3%; and for the "Fengshang Product Series", it is 2%.