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The LED industry outlook is fast-changing, currently facing oversupply after its growth surge over the recent years.
LED-related technologies have been developing rapidly over the recent years, and the industrial chain has been focused on innovative applications. The financial crisis in 2011 not only triggered rapid changes in the global LED market but it also added factors of uncertainty for the LED industry.
According to the latest price survey conducted by LEDinside, a research division of TrendForce, the price downtrend persisted in the LED market in 3Q11. The price of LED (5630) for TV backlight dropped by 8-15%.
In the past, traditional street lamps were primarily HID lamps and mercury lamps. However, due to disadvantages such as lumen decay, high power consumption and short lifespan, traditional light sources are no longer in line with the global energy-saving trend.
September LED Bulb Price Dropped 3% Compared to August
