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The latest report from LEDinside, a division of TrendForce, finds that the global average price of 40W LED replacement light bulbs fell 3.4% monthly to US$10.8 in November, while the 60W counterparts saw a 3% drop to US$14.6.
Light-emitting diode (LED) manufacturers are now looking to develop niche application markets that can provide higher margins as the price competition in the LED lighting market has become too difficult for them. Among these niche application markets, ultraviolet (UV) LED has attracted investments from many manufacturers because of its enormous market value.
Light-emitting diode (LED) manufacturers had an especially tough year in 2015. “Despite rising LED lighting market demand and the large scale replacement of traditional lighting products, the oversupply situation has caused the average LED sales prices (ASPs) to plunge 30% to 40% year on year,” said Roger Chu, research director for LEDinside, a division of TrendForce.
The scale of the LED lighting market is growing steadily, according to 2016 Global LED Lighting Market Trends Report by LEDinside, a division of TrendForce. LEDinside estimates that the scale of the LED lighting market will reach US$25.7 billion in 2015 and expand to US$30.5 billion in 2016. The penetration rate of LED lighting is also projected to climb from 31% in 2015 to 36% in 2016.
According to the latest report by LEDinside, a division of TrendForce, the global average price of 40W replacement LED light bulbs rose 2.8% monthly to US$11.1 in October, while the 60W replacement bulbs rose 3.5% to US$15. LEDinside analyst Allen Yu said that vendors in the U.S. and Europe have called a truce in their price war after three consecutive quarters of downtrend.
