Prices for LED lighting products are expected to drop continually over the next two years and demand from the North America and Japan markets will be growing, according to industry sources in Taiwan.

In 2011, retail prices for 7-8W LED light bulbs, which can replace 40W incandescent bulbs, are expected to fall from US$20-25 in the fourth quarter of 2010 to US$10-15, and models that will replace 60W incandescent bulbs will drop from US$35-40 to US$20-25, the sources said.