According to LEDinside, a research division of TrendForce, in March, only several new LED lighting products were launched in the global market, and the price of existing products showed a steady decline. In the global market, 40W equiv. LED bulb retail price has dropped by 3.9% to 17.1USD, and 60W equiv. LED bulb average price has dropped by 6.5% to 24.1USD.