Y.F. Yeh, Everlight ‘s Chairman, has stated that led light bulbs will drop to less than US$10 in the second half of 2012.
This will come on the back of a soft first half of 2012 and will be driven by stronger demand after June 2012.
LED lights are gaining popularity as consumers begin to understand the energy saving potential and manufacturers hit higher lumen/watt figures and quality improves. Quality improvements are the key to increasing confidence in the industry, where over promising and under delivery are common. Hopefully, softer demand in H1 2012 will drive fly by night companies out of business and will leave more genuine suppliers like LED Lighting Solutions in a better position to advise customers and provide high quality lighting.
All in, this bodes well for the LED lighting industry and more importantly, for the consumer.