According to the latest industry bodies’ survey on the retail prices of LED bulbs, this year (2014) in May, the global retail prices of LED bulbs to replace 40W fell about 3.2 percent, to $ 14.2, among which China is still the most obvious in price falling. LED bulbs to replace 60W fell at an average of 3.6%, reaching $ 19.5.

With falling prices, LED bulbs penetration is gradually enhanced. As one of the major trends in 2014 LED lighting market, the influence of wisdom bulb is rapidly fermented. More and more manufacturers incorporate smart lighting applications and lighting control systems solutions in order to maintain market competitiveness. Following Philips Samsung and other international companies, many Chinese and Taiwanese manufacturers such as ENELTEC such as lighting, LED light bulbs have also launched wisdom to attract the market.

However, the current price is quite expensive smart LED light bulbs, according to industry statistics, replacing the current U.S. market price of the ordinary 60W LED bulb is about $ 16, and the wisdom of LED bulb prices ranging from 30 to 60 dollars, compared to the traditional LED bulbs are about more than double the price difference. Therefore, the main demands by dimmable color to decorate the home lighting situation and atmosphere, even with third-party mobile App software can create more additional features.

For consumers who often hold banquets or parties at home, they are willing to pay extra for high premium. And mostly they are concentrated in Europe and other regions with higher purchasing power and maturity. While comparatively the Chinese market is still in the conceptual stage of promotion, high prices, as well as lighting control scheme with no standard smart lighting hindered progress. Hence the popularity of smart lighting also needs to mature and with the whole industry chain. With the expansion is expected to increase the penetration and production, LED bulbs cost and wisdom prices will decline further.