UK LED bulb retail prices see decline in October 2013

UK LED bulb retail prices see decline in October 2013

Market news |
By eeNews Europe

Conversely, global 60 W equiv LED bulb ASP rose slightly 1.2 percent to $21.6.

ASP for 40 W equiv and 60 W equiv LED bulbs has already dropped down to $10 in most regions, according to observations by LEDinside. Comparable prices with
traditional energy saving bulbs have stimulated market demand.

LEDinside forecasts 2014 LED lighting product shipment volumes will reach 1.32 billion units, an increase of 68 percent on 2013. Shipment volume for replacement light source products such as LED bulbs is anticipated to increase, with companies such as IKEA already distributing LED bulbs in mass volumes. Attitude towards LED lighting by traditional luminaire manufacturers such as Philips has become more aggressive claims the market analyst. Spurred by various large lighting brand manufacturers and terminal channels, 2014 LED bulb shipment volume is anticipated to grow exponentially.

Global 40 W equiv. LED bulb ASP dipped 2.3 percent to $15.8, with price decline most evident in the UK region. The lowest prices for 40 W equiv. LED bulbs
had already dropped below $10 in all the surveyed regions during October 2013.

LEDinside says that UK prices declined 11 percent with pre-existing product prices steadily decreasing.  Prices for 40 W equiv LED bulb in UK dropped as low as $8.1 while U.S. ASP for October slid 5.7 percent. Pre-existing product prices steadily decreased and lowered prices for new items introduced this month. The U.S. region 40 W equiv LED bulb price dropped as low as $9.

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