TAIPEI — LED bulbs are likely to see a boost in demand sooner than expected as prices are expected to hit a “sweet spot” over the next two years, an industry information institute said yesterday at an international forum in Taipei.
LED bulbs, each of which can replace a standard 40-watt bulb, are estimated to cost US$10 each, the best price the market can expect, by the second quarter of next year, said LEDinside, a research division of TrendForce, at the two-day annual forum.
The average selling price of the bulbs dropped about 20 percent to US$23.6 in September compared with the same period of last year, according to the information agency.
The prediction was based on a 35-40 percent price decline in LED products every year, as well as lower prices for other electrical lighting components, LEDinside said.
The price of LED bulbs equivalent to 60-watt ones is also likely to reach a sweet point by mid 2013, it added.