Market Insight

Global retail prices of LED lamps fall under $15

November 20, 2017

Paul Bremner Paul Bremner Senior Analyst, Video Surveillance
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Global retail prices of LED lamps fall under $15

Global LED lamp retail prices in October were 6.1% lower than in September. This fall is in line with the longer term trend of declining LED lamp retail prices. Prices have declined at a -14.5% CAGR (compound annual growth rate) from October 2012 to October 2017.

October 2017 saw an average of 72.33 lumens per dollar, a modest increase of 2.4% over the September 2017 figure of 70.67. This lumens per dollar figure increased at a slower rate than prices fell month-on-month, suggesting that efficiency gains in LED retail lamps are not keeping pace with declining prices.

The number of lumens per dollar has increased at an 23.4% CAGR from October 2012 to October 2017. IHS Markit expects this will continue to increase in the coming months as LED efficiency increases feed through to the retail lamps sold.

Full details can be found in the latest issue of the LED Lamp Retail Price Tracker as part of the Lighting Intelligence Service.

About the LED Lamp Retail Price Tracker

The IHS Markit LED Lamp Retail Price Tracker has been running monthly since September 2011. The tracker scrapes a variety of data from a select list of retailers across twelve different countries.

This data includes:

  • Price
  • Lumen output
  • Brand
  • Color temperature
  • Shape
  • CRI
  • Base
  • Dimming capability
  • Replacement type
  • Life (hours)
  • Actual wattage

 

The IHS Markit LED Lamp Retail Price Tracker uses a select list of twenty-nine retailers. In October 2017, over 2,000 LED bulb prices were included.

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