The Prospect Of The Lighting Industry In The Coming Year

- Feb 07, 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.

The trend of "light networking"

During the exhibition, the organizers invited the leaders of the industry to talk about the trend of the market and the trend of the products. According to the expert opinion, the function of the lamp has changed from lighting to the "light network" combined with the Internet of things. It has become an indispensable part of the smart home. "Lights are everywhere," said DavidBarnby, senior vice president of global sales and marketing at Rui Gao Lighting Electronics Co., Ltd. "is the best carrier for data transmission and collection. The combination of lighting products and the Internet of things will become a trend, and the industry needs to speed up cooperation with different industries to capture new business opportunities. " Shanghai Pudong Intelligent Lighting Association Secretary General pointed out that the future generation of light, lighting products must be networked, he said: "the industry must be applied cross-border technology including cloud platform, artificial intelligence, sensor, intelligent module, voice recognition, software applications, to achieve interoperability of intelligent lamp."

Li Kui, general manager of Taiwan jingling Technology Co., Ltd., said that the first day of its outdoor and technology lighting exhibition, the company has received orders from Canada, India and Thailand buyers, ordering street lamps and industrial and mining lamps with a total value of 660 thousand yuan. "Hongkong TDC reception exchange and trade matching meeting will help the company expand a network of contacts." Singapore LeedarsonLightingHoldingsPte.Ltd. vice marketing director Chen Xiaoyan said, Autumn Lantern buyers crowds, the company met with the United States, from Western Europe, Eastern Europe and South America and other places more buyers, received on-site orders.