According to Yancey Hai, chairman of Delta Electronics Inc, prices for LED lighting products will drop by at least 20 percent in 2012.
Hai pointed out that a sign of the general decline was South Korea's launch of a low-price strategy to gain market share, followed by the adjustment downward of prices by distributors in the United States in June. and after a price reduction of 40 percent globally in 2011, LED product prices will fall another 20-30 percent in 2012.
