The latest report from LEDinside, a division of TrendForce, finds the total value of the global LED market (include both visible and non-visible LED products) arrived at US$14.32 billion in 2015, representing YoY growth of -3%. The market witnessed its first annual decline in value last year mainly because of the price war among the LED manufacturers, with the ASPs of some mainstream LED packages suffering a drop of 40% or more compared with 2014.
In March, the global average sales price (ASP) of 40W-equivalent (equiv.) LED light bulbs rose 1.2% over the prior month to US$10.3, says the latest price report from LEDinside, a division of TrendForce. The global ASP of 60W-equiv. LED light bulbs also saw a monthly increase of 0.8% to US$14.1.
The latest report from LEDinside, a division of TrendForce, finds that the global average price of 40W-equivalent (equiv.) LED light bulbs arrived at US$10.2 in February, down 0.6% from the prior month. The global average price of 60W-equiv. LED light bulbs also fell 0.5% monthly to US$14 in February.
The LED industrial lighting market has enjoyed accelerated growth in recent years owing to the rising demand worldwide and government subsidies, says LEDinside, a division of TrendForce. According to LEDinside’s latest report, 2016 Industrial Lighting: Explosion-Proof Lamps, the market of LED industrial lighting is forecast to grow from US$2.93 billion in 2016 to US$5.20 billion in 2020, representing a CAGR of over 15% during the five-year period.
LEDinside, a division of TrendForce, reports that both the 40W-equivalent (equiv.) and 60W-equiv. LED light bulbs suffered decline in their global average retail prices in January. The price of the 40W-equiv. dropped 3.3% from December to US$10.3, while the price of the 60W-equiv. ended up at US$14.1, amounting to a 2.5% monthly decline.
