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ptimistic outlook for the LED lighting industry

release time:2020-09-03

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The 19th Hong Kong International Lighting Fair (Autumn Edition) hosted by the Hong Kong Trade Development Council, the 2nd Hong Kong International Outdoor and Technology Lighting Expo, and the 12th International Environmental Protection Expo ended successfully earlier. According to the survey results of an independent investigation agency commissioned by the organizer , Home lighting, LED and environmental lighting products, and commercial lighting have the most growth potential.


The three exhibitions attracted nearly 69,000 buyers from 151 countries and regions to visit and purchase, an increase of 7% over last year. The number of buyers in markets such as India, Iran, Brazil, UAE, Mainland China, Spain, Russia, Taiwan, Italy and France all recorded double-digit increases.


The Hong Kong Trade Development Council, judging from the number of buyers' entry and business matching, the results of on-site surveys, and the recent export performance of Hong Kong, the lighting industry has an optimistic outlook for the coming year. He said: "According to a field survey, 93% of the industry surveyed 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 with or remotely control smart phones or tablets, and mainly save electricity , Energy-saving home, industrial and commercial smart lighting systems will become popular."


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


The most optimistic markets visited were Mainland China, Japan and ASEAN. Among the emerging markets, the most interesting markets for the industry are Mainland China (24%), ASEAN (17%) and the Middle East (7%). In terms of products, the interviewed industry believes that home lighting (29%) has the most potential for growth. LED and environmentally friendly lighting products (24%) and commercial lighting (16%) are also regarded as the top tier.


During the exhibition, the organizer invited industry leaders to talk about market trends and product trends. Based on the opinions of various experts, the function of lights has been transformed from lighting to "Internet of Lights" combined with the Internet of Things, becoming an indispensable part of smart homes. Lights can be seen everywhere and are 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. In the future, lighting products must be networked. "The industry must apply cross-border technologies including cloud platforms, artificial intelligence, sensors, smart modules, voice recognition, software applications, etc., to achieve interconnection and interoperability with smart lights."


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