The global price of LED bulbs continues to decline

Compared with the traditional light source, LED down light source has the advantages of high energy conversion efficiency, energy saving and environmental protection, and long life expectancy. In recent years, it has rapidly replaced traditional lighting.At the same time, with the continuous improvement of LED technology, the price of products continues to decline, but the decline in 2017 will be narrowed.
In 2016, the average global retail price of an LED bulb replacing a 40W incandescent bulb went from 10 in January, according to the LEDinside statistics.The dollar fell to 8 in December.$7, down by 15.53%;The average global retail price for an LED bulb replacing a 60W incandescent bulb was 14 in January.The dollar fell 14 percent to $12 in December.89%.In 2017, the former will be six in January.The dollar fell to six in December.That's $32. That's only 5.39%;The latter is from 8 in January.$45 fell to 7 in December.$51, a drop of 11.12%.
 
In 2017, the biggest decline in the global average retail price for an LED bulb replacing a 40W incandescent bulb was in March, minus 3.51%.Set consulting LED research center (LEDinside) analyst Yu Bin explains, in February some Chinese manufacturers began to enter the European market, and international manufacturers also began to cut part of the product price under the competition, some high price products to exit the market gradually, causing prices to present a sharp drop in March.However, the biggest decline in the global average retail price for LED bulbs, which replaced the 60W incandescent bulbs, was July, minus 2.86%.
 
Instead of the 60W, the biggest drop was in Japan, from 11 in January.The dollar fell to 9 in December.$86, down by 16.58%, followed by Germany, from 8 in January.$39 is down 15.97 percent to 7 percent in December.At $05, the region with the smallest drop was South Korea, with a drop of just one.8%.It is worth noting that the average price of LED bulbs, which replaced the 60W incandescent bulbs in all areas, rose slightly in December.
 
The global average price of the LED light source, which replaces 40W and 60W incandescents, continues to decline, which in part contributes to the replacement speed of LED to traditional lighting.According to the latest "market outlook on packaging and LED lighting in 2018", LEDinside shows that the scale of LED lighting market will gradually increase from 2016 to 2019, and the market size of LED lighting will reach 327 in 2018.$1.7 billion and $33.3 billion in 2019.