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LED bulb prices were the highest in Japan in Jan 2017

LED bulb prices were the highest in Japan in Jan 2017

By BizLED Bureau

Feb 7, 2017: LED bulb price dropped steadily year on year since 2012. The average selling prices of 40W equivalent LED bulbs fell by CAGR of 18% from 2012 to 2016. During the same period, the global average price of 60W-equivalent LED bulbs dropped by a CAGR of 24%, according to LEDinside, a division of TrendForce.

According to the data in January 2017, global average selling prices of 40W-equivalent LED bulbs was US$ 6.9. Globally, average selling prices of 60W-equivalent LED bulbs touched US$ 8.4.

Japan has the highest price

According to the data, Japan’s average selling prices topped both the 40W- and 60W-equivalent LED bulbs. Its 40W-equivalent average selling prices reached US$ 9.4, and 60W-equivalent average selling prices at US$11.8.

Also Read: Philips is sparking price war, say Indian LED makers

In Japan, the domestic LED lighting brands like Toshiba, Panasonic, Iris Ohyama, Mitsubishi, and Hitachi dominated the market. These brands’ LED bulbs not only sell at a higher price in Japan, but also higher in other countries.

China has the lowest price

In China, LED bulb average selling prices is the lowest among all countries. Its 40W-equivalent LED bulbs’ price was US$ 4.0, and 60W-equivavent US$ 5.7 in January 2017. In the China, the major international brands like Philips and Osram, and the major Chinese brand like Foshan Lighting, NVC Lighting and Opple Lighting sell in these prices. Most of the OEMs for international brands like Philips and Osram manufacture in China, hence prices in China is the lowest.

Prices in Europe and USA are both higher, and only second to Japan’s average selling prices. Korea and Taiwan come after Europe and USA.

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