News Article

Surging Demand For LED Light Bulbs Fuels Global Price Drop

The largest price reduction was in Taiwan, but the US also experienced a decrease
LEDInside, a research division of TrendForce, has discovered that during May 2013, the price of LED light bulbs declined globally by 1 percent.

The most obvious price reduction was in Taiwan, but the US also experienced a decrease in the cost of one of these increasingly popular energy-saving lighting solutions. The firm also observed an increase in the sales of LED light bulbs in the UK throughout the month of May.

These two factors combined signal the huge growth that the market is experiencing at the moment, and demonstrate that more and more people are switching to LEDs as their primary lighting solutions. This in turn will reduce the price of LED chips initially.

But due to the long lifetime of LED bulbs as compared to fluorescent bulbs, demand for LED lighting is most likely to drop off in the future,

But then the market for LED backlighting in mobile phones snd notebooks could make up for this.

Many thousands of people across the globe are now switching to LED bulbs rather than use their older incandescent ones. Whenever one of their older bulbs comes to the end of its life span, many are not opting to choose light bulbs that will last for much longer and offer them much better value for money.

Incandescent bulbs usually last for a few years when used on a regular basis, whereas LED bulbs, even when used often, can last for a decade or longer. This means that those investing in them now, while prices are dropping, will not have to do so again for a long time.

Those who are investing in light bulbs now will see great reductions in their energy bills. As well as the dropping prices, the low energy-consumption of the bulbs will help those purchasing now to see low energy bills almost immediately. This is perhaps the greatest appeal of the energy-saving LED light bulbs, and a reason why the prices are dropping so drastically; demand is growing for them as many people try to cut back on their personal budgets and reduce their household bills in a time of economic strife. 

As well as the economic reasons for the growth of the LED, the environmental reasons are also a huge factor. Concern is growing among many about emissions, carbon footprints and the effect that so much energy usage is having on the environment, and many are trying to cut down on their own person emissions as well as their bills; this demand has also helped to drive down the costs of the LED.

The lower costs of the LED are encouraging even more consumers to invest in them, especially whilst prices are so low. The multitude of benefits combined with the falling prices are meaning that more people than ever are choosing to install these energy-saving light bulbs in their homes and businesses.

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.



Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
Live Event