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.
Global market research firm TrendForce held its 2016 IT Industry Forecast Conference at Room 101 of the NTUH International Center in Taipei, Taiwan, on October 15, 2015. A team of senior analysts assembled from TrendForce’s major research divisions – TrendForce, DRAMeXchange, WitsView, LEDinside and EnergyTrend – will share their detailed forecasts on trends in major tech industries for 2016.
The LED market conditions have been fairly challenging for manufacturers in 2015 with notable price declines throughout July to August, but improving market conditions in September has slowed down price drops of certain LED bulb products, according to a latest report from LEDinside, a division of TrendForce.
