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© kornwa dreamstime.com Analysis | August 27, 2013

LED Lighting in emerging markets warms up

In July, global 40W equiv. LED lamp Average Selling Prices (ASP) fell slightly by 0.6% to US$ 15.5, with price drops most evident in U.S.,according to LEDinside.
Global ASP for 60W equiv. LED prices downed by 3.3% to US$ 22.6, with falls most obvious in Europe.

ASP falls for 40W equiv. LED lamps most obvious in U.S.

Global 40W equiv. LED ASP fell by 0.6% to US$ 15.5 in July 2013, with U.S. prices plunging the most by 8.4%, said LEDinside. Some existing products have exited the market, while prices for other products continued to slide, and there have been no new products on the market this month.

In UK ASP grew by 3.6% in July, due to price fluctuations of existing products and price increase for certain products. In addition, no new products were released in UK that month. Furthermore, in Germany ASP fell by 3.9% in July mainly due to currency appreciation and stabilization or gradual decline of existing product prices.

In Japan, 40W equiv. LED lamp ASP advanced 4.2% caused by price fluctuations in existing products and currency depreciation. ASP in Korea gained 9.8% in July caused by unchanged existing product prices and currency depreciation. In addition, China maintained 40W equiv. LED lamp ASP in July at US$ 10.2. Existing product prices remained stable and no new products entered the market. In Taiwan, product prices increased by 2% in July, and existing product prices were stabilized mostly due to the entry of highly priced new products.

Most number of new 60W equiv. LED lamps debuts in Taiwan

The ASP for 60W equiv. LED lamp in July dipped by 3.3% to US$ 22.6. Prices for UK and Germany fell by 14.1% and 9.6% respectively in July. In UK highly priced existing products exited the market, while for other products a trend of price fluctuations emerged. In Germany existing product prices dropped as more new products were released on the market that month. In U.S. prices remained unchanged, but prices for certain products soared due to ending promotions. Also no new products appeared on the market that month.

In Japan, prices fell by 2.2% in July to US$ 22.1. Prices for existing products continued to decrease stably, and no new products were launched on the market. In Korea currency depreciation caused prices to up 0.9%, while prices for existing products remained fixed. In addition, prices in China remained flat in July, as no new products were released that month. In Taiwan, 60W equiv. LED lamp ASP increased by 5.8%, due to stable prices for existing products, and mostly because of higher prices for new products.

Lighting manufacturers quickly enter emerging markets as residential lighting market demand warms up

In July, Taiwan saw a surge of new products in the market, top brands including Everlight, Toshiba and Philips all launched new products and lowered prices. Everlight released a new 8.5W standard LED bulb with luminous flux of 827 lumens. The price for four of these LED bulbs plus a plug adaptor is about US$ 25.4. Philips 10W LED bulb has a luminous flux of 800 lumens, and its retail price in Taiwan is lowered to US$ 14.3.

In addition, local Taiwanese companies including Delta Electronics Inc., Tsann Kuen Enterprise Co. LTD, China Electric, Tatung Company and ADATA Technology Co. have started to enter the LED lamp market with their own light bulbs. LEDinside estimates LED bulb shipments grew by 20% in 2013 to about 1.61 million.

LEDinside pointed out, the Japanese LED lamp market, which had the highest demands over the last two years, has saturated. Thus, many international and Taiwanese LED lighting manufacturers are actively expanding their presence in emerging markets. Manufacturers’ active product release and pricing strategies is quickly stimulating LED residential lighting market developments. It is estimated global LED bulb ASP will quickly decline and reach sweet point when price fluctuations caused by the launch of new products stabilize.

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