Hongkong TDC: The Lighting Industry Has A Bright Future In The Coming Year

- Feb 13, 2018-

Organized by the Hongkong Trade Development Bureau of the nineteenth session of the Hongkong International Lighting Exhibition, the second Hongkong International Exhibition and outdoor lighting technology, as well as the twelfth session of the international environmental protection expo ended earlier, according to the survey commissioned by the organizers independent survey results show that Home Furnishing lighting, LED and environmental lighting products, commercial lighting and the most growth potential.

Lighting industry has a bright future in the coming year

The total of the three exhibitions attracted nearly 69000 buyers from 151 countries and regions to visit, up 7% from last year. The number of buyers in India, Iran, Brazil, UAE, mainland China, Spain, Russia, Taiwan, Italy and France recorded double-digit increases.

Zhou Qiliang, vice president of Hongkong's TDC, said that the prospect of the lighting industry is optimistic from the buyers' admission and business matching figures, on-site survey results and Hongkong's recent export performance. He said: "according to the field survey, the 93% interviewed industry believes that smart cities and smart homes will lead to the development of the lighting industry in the next two years. Home lighting systems that can communicate with or control with smart phones or tablet computers, and home, industrial and business intelligent lighting systems, which mainly aim at saving electricity and energy, will become a great heat.

2018 sales are expected to increase by 16%

Independent survey commissioned by the Hongkong Trade Development Bureau held in autumn and light show and outdoor lighting technology during the Expo, visited 636 exhibitors and buyers. About 95% of the respondents looked at the market performance for the coming year or believed that the average growth in the overall sales of lighting products next year was expected to increase by an average of 16%.

The most optimistic markets to be visited are mainland China, Japan and ASEAN. In emerging markets, the industry's most interested market for business development is mainland China (24%), ASEAN (17%) and the Middle East (7%). In terms of products, the industry considered that home lighting (29%) has the most potential for growth. LED and environmental lighting products (24%) and commercial lighting (16%) are also seen as a high line.