June 8, 2017: Prices of LED bulbs declined a little but on the whole remained steady in May 2017, according to LEDinside, a division of TrendForce.
Compared with April 2017, the global ASP of 40-watt equivalent LED bulbs dipped by 1.9% in May 2017, to US$6.5. The global ASP of 60-watt equivalent LED bulbs also reduced by 0.6% in May 2017 to US$8.1 as compared to April 2017.
According to LEDinside analyst Allen Yu, the current market trend displays strong sales of LED filament bulbs in Europe and the US. Philips launched four LED filament bulbs in February 2017, and more LED products in May 2017. All these LED filament bulbs priced below the market average price.
High demand for LED bulbs stabilized prices in China’s LED market during May 2017. China’s LED package market was facing issues related to undersupply since the second quarter. Despite chip suppliers ncreased production capacity, the strong downstream demand have sustained chip prices. As a result, prices in China’s package market in May 2017 got stabilized. This stability in prices helped package suppliers to raise the efficiency of their products. International suppliers are now increasing luminous efficacy—mid-power and standard packages have reached luminous efficacy of about 215 to 220 lumens per watts.