Prices for LEDs Dropping Over the Past Few Months
When LEDs started to flood the market, many market analysts predicted that prices would soon go down thanks to supply and demand. True enough, LED prices are slowly dropping and are becoming more affordable. Global Average Selling Price (ASP) for 40W equiv. and 60W equiv. LED bulbs both dipped in February 2014, with falls in U.S. most evident. ASP for 40W equiv. LED bulbs slid 0.8% to US $15.1, while 60W equiv. LED bulb ASP dropped 2.1% to US$ 20.8. Top manufactures promote new products as smart lighting seen as future trend Top brands look to improve functions as global LED bulb prices steadily drop, said Terri Wang, Analyst of LEDinside, a research subsidiary of Trendforce. Currently in the U.S. market, 90% of branded bulbs are dimmable and 70% are omnidirectional. Most new products released in the European market as of late have also been bulbs with omnidirectional capabilities. Besides, manufacturers have been focusing on the introduction of smart control systems this year. Philips Hue bulb is already on the consumer market in China. Not to be outdone, Samsung has recently announced the launch of a new LED smart bulb, which uses Bluetooth technology to allow users to connect and control it directly from a smart phone or tablet. Read on at Evertiq.