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LED lamp price falls by 19.2% year-on-year

LED lamp price falls by 19.2% year-on-year

October 4, 2014: The global average retail price of LED lamps was $21 in September, down 4.9% from August and 19.2% year-on-year, according to the September 2014 release of the IHS Technology LED lamp Retail Price Tracker.

Over the past 12 months, the lumens-per-dollar ratio of LED lamps has risen by 27.1% to 35.44 lumens per dollar, the report says.

IHS has been tracking LED lamp retail pricing trends for more than three years. Each month IHS analysts sample 2700 individual LED lamps sold in retailers across 15 countries globally.

The LED lamp industry is evolving at a breakneck pace, where improvements in technologies and reductions in price are occurring simultaneously. With the price of lamps being one of the most important purchasing decision factors for the average consumer, it is essential for market players be aware of how the market is evolving by region, product type, etc.

During the past 12 months the lumens per dollar ratio of LED lamps has increased by 21.1 percent to 29.6 lumens per dollar. This is a marginal fall in comparison to January is caused by an increase in the average LED lamp retail price in Canada, Japan, Mexico, South Korea, Taiwan, the U.K. and the US Average US dollar exchange rates in these currencies increased in many countries accounting at least partially for the increase in average retail prices.

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