The latest report from LEDinside, a division of TrendForce, finds that the global average price of 40W-equivalent (equiv.) LED light bulbs arrived at US$10.2 in February, down 0.6% from the prior month. The global average price of 60W-equiv. LED light bulbs also fell 0.5% monthly to US$14 in February.   “Though some parts of the U.S. and European markets saw price decline, the prices of LED light bulbs remained mostly constant through February due to stable demand worldwide,” said LEDinside analyst Allen Yu. Prices also stayed relatively unchanged in China as trading fell during the Chinese New Year holidays. On the whole, the outlook of the LED industry is still gloomy and there is no sign of market demand picking up quickly. Thus, prices of LED light bulbs worldwide will stay on a gradual downtrend.   The LED package market in China witnessed only slight price fluctuations during February because of the holiday season. With the exception of 2825 LED products, other LED packages did not experience a notable price decline.

Osram Sylvania is introducing a novel strategy to reduce LED bulb manufacturing costs, and keep it competitive on the market, according to a report from Forbes.

Thailand Ministry of Energy has no intention of issuing new LED incenives for 2015, said Minister of Energy Dr. Narongchai Akrasanee in an exclusive interview with LEDinside at LED Expo Thailand 2015, which runs from May 21-24, 2015 at IMPACT Exhibition and Convention Center.