Compared with the traditional light source, LED light source has the advantages of high energy conversion efficiency, energy saving and environmental protection, as well as long life, rapid replacement of traditional lighting in recent years. At the same time, with the continuous improvement of LED technology, product prices show a continuous downward trend, but the decline in 2017 narrowed.
According to LED inside statistics, in 2016, the global retail average price of LED bulbs, which replaced 40W incandescent bulbs, dropped 15.53% from US $ 10.3 in January to 8.7 US Dollars in December; instead of the 60W incandescent the average global retail price of LED bulbs dropped 14.89% from US $ 14.1 in January to US $ 12 in December. In 2017, the former dropped from a low of 6.68 U.S. dollars in January to a low of 6.32 U.S. dollars in December, a decrease of 5.39%. The latter rate dropped from 8.45 U.S. dollars in January to 7.51 U.S. dollars in December. 11.12%.
In 2017, the global retail average price of LED bulbs, which replaced 40W incandescent bulbs, dropped the most in March from 3.51% in March. Yu Bin, an analyst at LED inside Consulting Group, explained that some Chinese manufacturers, including Opple and Molinsen, entered the European market under their own brand since February, while international manufacturers started to lower part of their prices under the competition. Some of the high prices the gradual withdrawal of products from the market, resulting in a more dramatic decline in prices in March. However, the global retail average price of LED bulbs, which replaced 60W incandescent bulbs, dropped the most in July from 2.86% for the month.
In terms of local area, the price of LED bulbs in Japan is relatively high. In place of 40W, the average price in Korea and Taiwan of China increased slightly in December compared with that in January, while that in other regions showed a downward trend, with the largest decline in the United States from December’s 8.18 in January 2017 to December 3.21 The dollar, a drop of 23.62%, followed by the United Kingdom (15.99%), the smallest decline in Japan, only 5.88%.
In place of the 60W, Japan, the largest of the decline, dropped from a low of 11.82 U.S. dollars in January to 9.86 U.S. dollars in December, a drop of 16.58%, followed by Germany, which dropped from 8.39 U.S. dollars in January 15.97% to 7.05 U.S. dollars in December, while South Korea, the smallest decline, dropped only 1.8%. It is worth noting that the average price of LED bulbs replacing 60W incandescent lamps in all regions rose slightly in December.
The global average price of 40W and 60W incandescent LED light sources continues to decline, to a certain extent, also promoted the replacement of traditional LED lighting speed. LED inside latest “2018 lighting package and LED lighting market outlook” shows that from 2016 to 2019 gradually increase the size of LED lighting market, LED lighting market size in 2018 reached 327.17 billion US dollars in 2019 reached 33.3 billion US dollars.