Taiwan’s LED light bulb market continued strong growth last year, as the average unit price slid to NT$200 (US$6.62) last year, according to a research report by the market information advisory firm GfK.
About 5 million LED light bulbs were sold in Taiwan last year, an annual increase of 43 percent, the report said.
The product’s market share increased from 39 percent to 69 percent in 2012 and expanded to 76 percent last year, it said.
Although the drop in LED light bulb prices has eroded the market for energy-saving light bulbs such as compact fluorescents, it is good that consumers have more options, GfK said.
LED lighting tubes also became more popular last year, with sales growing amid increasing public awareness of sustainable development, the research firm said.
“Once the average selling price reaches a sweet spot for consumers, the product’s market scale is likely to expand and drive the overall market,” GfK Taiwan analyst Hsieh Huai-huan (謝槐桓) said.
The price of LED light tubes averaged NT$750 last year, a “relatively high” level compared with NT$60 for other tubes, he said.
With fiercer market competition among companies and brands, LED lighting will continue to drive the general lighting market, Hsieh said.
Market information advisory firm LEDinside held a similar view, saying that the rapid decline in LED lighting prices will continue to drive the market.
It forecast that global LED bulb and tube demand will grow 86 percent and 89 percent respectively year-on-year this year.
The average selling price of LED bulbs used to replace standard 40-watt bulbs declined 0.8 percent month-on-month in February to US$15.10, while that of 60W-equivalent LED bulbs dropped 2.1 percent to US$20.80, the LEDinside report showed.
“The rapid price decline of top brand products has made it possible for them to offer products with better specifications and encouraged the integration of regional markets,” the advisory firm said.
TRADE WAR: Tariffs should also apply to any goods that pass through the new Beijing-funded port in Chancay, Peru, an adviser to US president-elect Donald Trump said A veteran adviser to US president-elect Donald Trump is proposing that the 60 percent tariffs that Trump vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru. The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60km north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the western hemisphere on the White House National Security Council in his first administration. “Any product going
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. Its backers say the 8 billion euro (US$8.43 billion) project financed by private funds is a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. However, critics see it more as a future “ghetto for the rich.” It is hard to imagine that 10km from the Acropolis, a new city “three times the size of Monaco”
STRUGGLING BUSINESS: South Korea’s biggest company and semiconductor manufacturer’s buyback fuels concerns that it could be missing out on the AI boom Samsung Electronics Co plans to buy back about 10 trillion won (US$7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history. South Korea’s biggest company would repurchase the stock in stages over the coming 12 months, it said in a regulatory filing on Friday. As a first step, it would buy back about 3 trillion won of paper starting today up until February next year, all of which it would cancel. The board would deliberate on how best to effect the remaining 7 trillion won of buybacks. The move
In a red box factory that stands out among the drab hills of the West Bank, Chat Cola’s employees race to quench Palestinians’ thirst for local products since the Gaza war erupted last year. With packaging reminiscent of Coca-Cola’s iconic red and white aluminum cans, Chat Cola has tapped into Palestinians’ desire to shun brands perceived as too supportive of Israel. “The demand for [Chat Cola] increased since the war began because of the boycott,” owner Fahed Arar said at the factory in the occupied West Bank town of Salfit. Julien, a restaurateur in the city of Ramallah further south,
RSS