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LED bulb prices dipped significantly in July and Aug

LED bulb prices dipped significantly in July and Aug

By BizLED Bureau

October 15, 2015: The global LED market has been quite challenging in 2015, particularly for the manufacturers. While there was significant price decrease throughout July and August 2015, the market improved in September 2015, as price drops slowed down in LED bulb products, according to a report by LEDinside.

?Compared to the sharp price falls observed in July and August 2015, the recovering LED market in September has eased LED bulb and package price drop,? said Allen Yu, an analyst of LEDinside.

The report stated that global average retail prices of 40W LED bulbs were down by 0.9% to US $10.8, while 60W LED bulbs average retail prices reduced by 2.4% to US $14.5.

Among mid-power LED package products, price reduction in low power 5630 LED packages was most significant in September 2015, with prices reduced by 6.79%.

In the U.S. 40W equiv. LED bulb prices dropped 2.2% in September. Bulb prices stabilized after sharp price declines throughout July and August, but some manufacturers have continued to promote LED bulb package deals. For instance, prices of Cree?s four 6W LED bulb packed package (which has 450 lumens (lm) output) plunged 17.7% from US $27 to US$ 22.22. The four-packed Cree LED bulb prices have been slashed more than 40% since July 2015, says the report.

Key LED package brands like Lumileds, Samsung, Seoul Semiconductor and LG Innotek have all lowered product prices.

LED bulb prices in Germany declined the most by 2.8%. Majority of product prices dropped with the exception of a small number of products in the market. LGE?s 7.5W LED bulb with 450 lm output prices were halved to US $2.99. Product prices declined in many regional markets including UK where bulb prices were down 1.6%. In Asia bulb prices dropped 0.3% in China, slid down 1.5% in Taiwan, and was down 0.7% in Korea. Japan was the only country where LED bulb prices climbed up 2.4%.

Source: ctimes

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