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    • Denggle > Lighting News >

    Global LED Lighting Products Price Trend

    Global LED Lighting Products Price Trend

    Source： 30 Aug 2018
    LED Lighting Price Trend LED Bulb Price LED Lighting

    The market value of LED lighting has continuously expanded in the past years with the progress of the technology. According to the latest report of LEDinside, LED lighting market scale will reach US$ 33.3 billion in 2019 and LED lighting market penetration will come to 63 percent in 2022 from 22 percent in 2017.



    The increasing market of LED lighting has attracted numerous companies to enter. The improvements in technology also helped to reduce the producing cost while enhancing the efficiency and operational life time of LEDs. These factors have thus led to fierce competition between LED lighting manufacturers, resulting in a dramatic price drop of LED lighting products in the past few years. The falling prices have eroded the margin of industry players.



    LEDinside has been tracking the street prices of LED bulbs. The data collected during January 2011 to July 2018 shows that the average price of 60-watt equivalent LED products has dropped from around US$ 45-50 in January 2011 to below US$ 10 by July 2018. The current price for LED lamp product is only one fifth compared to the price seven years ago. 

     

    Global LED Lighting Products Price Trend

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