It is expected that there will be a fall in the price of LED light bulbs in the coming year.
Indeed, ASPs in the LED market dropped by around 20 to 30 per cent during 2012 and manufacturers of the illuminations expect further price drops to be fairly significant compared to the fall of backlighting products this year.
The drop in price is expected to be as a result of the fact that there is much more demand for the products around the world.
Research conducted by the US Department of Energy last year suggested that LEDs will surge in the US lighting market, enjoying a 36 per cent share by 2020 and 74 per cent ten years after.
With new regulations ensuring that traditional incandescent bulbs are phased out in a number of different countries, people will have no choice but to look towards the more energy efficient ceiling spotlights.
Chairman of Epistar Biing-Jye Lee said global output of LED light bulbs in 2012 stood at around 100 million units but this is expected to grow to around 400 million units this year, reaching a penetration rate of five per cent.
One of the main reasons noted for LED prices to drop more significantly than backlighting chip prices is because currently backlighting are close to the bottom, while there is much more room for manoeuvre.
Electronics Bazaar recently stated that LED lighting systems have witnessed a price fall of around 30 per cent in the last two or three years, due to major improvements in technology.
Vice chairman of the EFY Group Ramesh Chopra said that with more applications of this energy-saving light source, prices will continue to go down, which will make them affordable for both consumers and businesses.
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