A recent market survey indicated that continuously dropping prices will boost the sales of LED light bulbs. A good example is the success of LED module based lighting in Japan, where the price LED replacement bulb for 40W incandescent light bulbs dropped significantly to $18 a piece in 2011.
According to the survey conducted by LEDinside, the prices of LED light bulbs dropped by 55% to an average price of USD24 during the period from March, 2010 to June, 2011, and there is potential of further price dropping.
In Japan, the retail prices of LED light bulbs were about USD 40 in 2010, and now set a record low of USD 18. As a result, sales of LED light bulb in Japan surpassed that of incandescent light bulbs in June for the first time.
Encouraged by the development of LED market in Japan, major manufacturers from South Korea, America and Europe such as LG, Philips, Osram and GE are also making pricing strategies that will boost the sales of their products. Therefore, LED lighting products will gradually take a major part in the global light bulb market.
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