Global LED Lighting Products Price Trend - Energy Watch News

Global LED Lighting Products Price Trend

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. 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. The profit of producing LED lighting products has therefore become flat for lighting manufacturers.

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