The lighting industry appears to be optimistic about their trade prospects for 2017. The markets it regards as having the greatest potential for next year are North America and Western Europe, followed by the Chinese mainland. The product category regarded as offering the highest growth potential next year is LED/green lighting. Smart lighting systems, meanwhile, continue to be viewed as the focus of the industry's future development. More
Lighting industry players expect to face intensified market competition and mounting price pressures in 2016, a consequence of the slower global market. Western Europe and North America, as well as the Chinese mainland, are seen as having the best potential for the coming year. While LED technology is already in common use for both household and commercial/industrial lighting purposes, the industry is increasingly looking to develop smart systems and solutions in order to sustain growth. More
In a market awash with LED lighting products amid falling prices, the industry is increasingly turning to smart lighting and other system items in the search for growth. The global market is expected to remain steady in 2016, according to industry players at the Hong Kong International Lighting Fair (Autumn Edition) held in October 2015. More
Smart lighting has become a buzzword in the LED lighting industry due to its potential to become a key consumer product, according to Roger Chu, Research Director of the green energy department at Taiwan-based Trend Force. More
With a proliferation of LED applications, it is expected that the global market for lighting products will remain steady in 2015. The development of smart appliances by leading technology players, especially those related to the household systems, is likely to benefit the lighting industry in the medium term. China and several of the mature markets are seen as the markets with the highest growth potential over the next two years.
Industry players are generally optimistic with regard to the global market for lighting products in 2015, as LED applications are set to proliferate in view of a continuing drop in prices. China, North America and Western Europe are, meanwhile, regarded as the markets with the highest growth potential over the next couple of years. More
LED applications have proliferated in both commercial and household lighting areas, while e-tailing has become an increasingly important sales channel for lighting products. The survey on the 2014 Hong Kong International Lighting Fair (Spring Edition) reveals that the market for lighting products will remain steady this year. More