The global average price of 40W replacement LED light bulbs fell 1.5% in August to US$10.9, while the 60W replacement LED light bulbs fell 2.3% to US$14.9, based on the latest report by LEDinside, a division of TrendForce.

According to LEDinside analyst Allen Yu, the U.S. was again the regional market that had the biggest decline in LED light bulb prices after July as product vendors including CREE and Philips are using package promotion deals and low prices to drive up sales volume and capture market shares.