In 2017, global LED bulb prices continued to decline, and the decline was narrowed year-on-year.

The average price of LED light sources that replace 40W and 60W incandescent lamps in the world continues to decline, and to some extent, it also promotes the replacement speed of LEDs for traditional lighting. Compared with traditional light sources, LED light sources have the advantages of high energy conversion efficiency, energy saving and long life, and have rapidly replaced traditional lighting in recent years. At the same time, with the continuous advancement of LED technology, product prices have continued to decline, but the decline in 2017 has narrowed. According to LEDinside statistics, in 2016, the global retail price of LED bulbs replacing 40W incandescent lamps fell from 10.3 US dollars in January to 8.7 US dollars in December, a drop of 15.53%; the global retail price of LED bulbs replacing 60W incandescent lamps It fell from 14.1 US dollars in January to 12 US dollars in December, a drop of 14.89%. In 2017, the former fell from $6.68 in January to $6.32 in December, a decrease of only 5.39%; the latter fell from $8.45 in January to $7.51 in December, a decrease of 11.12%. From the above chart, it can be found that in 2017, the global retail price of LED bulbs replacing 40W incandescent lamps decreased the most in March, with a decrease of 3.51%. Yu Bin, an analyst at LEDInside, said that in February, some Chinese companies including Opple and Mulinsen entered the European market with their own brands, and international manufacturers began to lower some product prices under competition. The product gradually withdrew from the market, which led to a significant decline in prices in March. However, the global retail price of LED bulbs replacing 60W incandescent lamps has fallen the most in July, with a monthly decrease of 2.86%. In terms of geographical area, the price of LED bulbs in Japan is relatively high. In place of the 40W segment, the average price of South Korea and Taiwan in China increased slightly in January compared with that in January, while the other regions showed a downward trend. The US region experienced the largest decline, from US$8.13 in January 2017 to US$3.21 in December. 23.62%, followed by the United Kingdom (15.99%), the region with the smallest decline was Japan, only 5.88%. Replacing the 60W segment, the largest decline was in Japan, falling from $11.82 in January to $9.86 in December, a drop of 16.58%, followed by Germany, down 15.97% from $8.39 in January to $7.05 in December. The region with the smallest decline was South Korea, with a drop of only 1.8%. It is worth noting that the average price of LED bulbs replacing 60W incandescent lamps in all regions rose slightly in December. The average price of LED light sources that replace 40W and 60W incandescent lamps in the world continues to decline, and to some extent, it also promotes the replacement speed of LEDs for traditional lighting. LEDinside's latest "2018 Lighting Grade Packaging and LED Lighting Market Outlook" shows that the LED lighting market has gradually increased in size from 2016 to 2019. The LED lighting market reached 32.117 billion US dollars in 2018 and 33.3 billion US dollars in 2019. (

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