Optimistic Outlook For The Lighting Industry In The Coming Year

- Jun 05, 2018-

Optimistic outlook for the lighting industry in the coming year

    The 19th Hong Kong International Autumn Lighting Fair, the 2nd Hong Kong International Outdoor Lighting Expo and the 12th International Environmental Expo sponsored by the Hong Kong Trade Development Council were successfully concluded. The organizer commissioned an investigation by an independent investigation agency. , Home lighting, LED and environmental lighting products, and commercial lighting have the greatest growth potential.led tube light

    Optimistic lighting industry outlook for the coming year

    The three exhibitions attracted a total of nearly 69,000 buyers from 151 countries and regions to visit and purchase, an increase of 7% over the previous year. Buyers in India, Iran, Brazil, UAE, China, Spain, Russia, Taiwan, Italy and France all recorded double-digit increases.

    Zhou Qiliang, vice president of the Hong Kong Trade Development Council, said that from the perspective of buyer entry and business matching figures, on-site survey results, and Hong Kong’s recent export performance, the outlook for the lighting industry is optimistic for the coming year. He said: "According to the on-site investigation, 93% of the respondents believe that smart cities and smart homes will drive the development of the lighting industry in the next two years. Home lighting systems that can communicate or remotely control with smart phones or tablets, and mainly power-saving Home, industrial, and commercial smart lighting systems that aim to be energy efficient will become very hot.”led bulb light

    2018 sales expected to increase 16%

    The HKTDC commissioned an independent investigation agency to visit 636 exhibitors and buyers during the Autumn Lighting Fair and Outdoor Lighting Expo. About 95% of respondents are optimistic about the market performance in the coming year or think that this year is similar to this year, and it is expected that the average increase in sales of lighting products will reach 16% next year.

    The markets most visited by optimism were Mainland China, Japan and ASEAN. In the emerging markets, the industries most interested in developing business in the industry are Mainland China (24%), ASEAN (17%) and the Middle East (7%). In terms of products, the industry interviewed considered that home lighting (29%) had the most growth potential, and LED and environmental lighting products (24%) and commercial lighting (16%) were also seen as high-level.led flame bulb

    "Lighting Network" becomes a trend

    During the exhibition, the organizers invited industry leaders to talk about market trends and product trends. Integrating the opinions of various experts, the function of the lamp has changed from lighting to a “light network” combined with the Internet of Things, and it has become an indispensable part of the smart home. David Barnby, Senior Vice President of Global Sales and Marketing at Tridonic Lighting Electronics Co., Ltd., said: “Lights are everywhere and are the best carrier for transmitting and collecting data. The combination of lighting products and the Internet of Things will become a trend. The industry needs to accelerate cooperation with different industries to capture New business opportunities.” The Secretary-General of the Shanghai Pudong Intelligent Lighting Federation on behalf of the group pointed out that the future lighting products must be networked, he said: “The industry must apply cross-border technologies including cloud platforms, artificial intelligence, sensors, intelligent modules, voice recognition, software applications Programs, etc., with smart lights to achieve interoperability."led flood light

    Li Kui, general manager of Taiwan Jingling Technology Co., Ltd. stated that the company had received on-the-spot orders from buyers in Canada, India and Thailand on the first day at the Outdoor and Technology Lighting Expo, ordering street lamps with a total value of approximately RMB 660,000. Mining lamp. “The Hong Kong Trade Development Council's exchange cocktail party and business matchmaking conference helped the company expand its network of contacts.” Chen Xiaoyan, deputy marketing director of Singapore Leedarson Lighting Holdings Pte. Ltd., said that there was a surge of buyers at the Autumn Lighting Fair, and the company met with people from Western Europe. Buyers from the United States, Eastern Europe and South America even received on-site orders.led high bay light

Dalian Xinghai Technology Co., Ltd.