LED bulb prices continue to fall, smart lighting becomes hot spot

However, the current unit price of smart LED bulbs is quite expensive. According to statistics, the current average price of replacing 60W ordinary LED bulbs in the US market is about US$16, while the price of smart LED bulbs ranges from US$30 to US$60, which is more than double the price difference compared to traditional LED bulbs. Therefore, the main appeal is to decorate the lighting situation and atmosphere of the home through dimmable light and color adjustment, and even use third-party mobile app software to create more additional functions. Therefore, consumers who often entertain guests or hold parties at home are willing to pay an extra high premium. And most of them are concentrated in regions with high purchasing power and maturity such as Europe and the United States. In contrast, the Chinese market is still in the concept promotion stage, and high prices and the absence of standard lighting control solutions have hindered the progress of smart lighting. Therefore, the popularization of smart lighting also requires the maturity and cooperation of the entire industry chain. It is expected that with the increase in penetration rate and the expansion of production, the cost and selling price of LED smart light bulbs will further decrease.