Market Insight

LED lamp retail price falls below $13 in May

May 31, 2018

Paul Bremner Paul Bremner Principal Analyst, Critical Communications

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LED lamp retail price falls below $13 in May

Global LED lamp retail prices in May were 3.3% lower than in April 2018. This decrease in global ASPs continues the declining trend line they have been on since this price tracker began six years ago, with prices declining at a 14.4% compound annual growth rate (CAGR) over that time period.

May 2018 saw an average of 74.07 lumens per dollar, an increase of 1.2% over the April 2018 figure of 73.18. This lumens per dollar figure has increased only 2.4% from the previous high of 72.33 set in October 2017, meanwhile prices have correspondingly decreased by 10.1% over this time period.

The number of lumens per dollar has increased at an 21.0% CAGR from May 2013 to May 2018. IHS Markit expects this will continue to increase, at a slowing pace, in the coming months as LED efficiency increases feed through to the retail lamps sold. At the packaged LED level, efficiency gains continue to be driven by improvements in epitaxy, die and narrower converter technologies.

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 May 2018, over 1,900 LED bulb prices were included.

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