HKMB Hong Kong Means Business

Hong Kong Means Business Hong Kong Means Business
  • Login / Register

Languages

  • EN
  • 繁
  • 简
  • Events
  • My Feed
  • Contact HKTDC
  • Subscribe
  • Subscribe

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

Languages

  • EN
  • 繁
  • 简
  • HKTDC.com |
  • About HKTDC |
  • My HKTDC |
  • Login / Register |

HKTDC.com About HKTDC My HKTDC

Login Register

Hong Kong Means Business

Section Menu

  • Market Opportunities
  • Tech & Innovation
  • Entrepreneurship
  • Sustainability
  • Creativity & Lifestyle
  • HKTDC Updates
  • Featured Topics

https://hkmb.hktdc.com/en/1X09VA24

hktdc research
SAVE FOR LATER
SHARE / SEND

"Scan QR Code" in WeChat and tap "..." to share.

LED and Green Brightest Hopes for 2014 Lighting Market: Survey on Hong Kong International Lighting Fair (Autumn Edition, 2013)

14 November 2013


Photo: Buyers at Hong Kong International Lighting Fair 2013, Autumn EditionPhoto: Buyers at Hong Kong International Lighting Fair 2013, Autumn Edition

Buyers at Hong Kong International Lighting Fair 2013, Autumn Edition

There is a consensus among industry players that LED and green lighting will continue to be their lead business focus, notwithstanding the keen market competition among. While many are keeping an eye on the emerging markets – particularly China and ASEAN - there is also optimism toward the more mature markets of North America and Western Europe. On the whole, a steady lighting demand is expected in 2014.

HKTDC Research canvassed 386 buyers and 237 exhibitors at the Hong Kong International Lighting Fair (Autumn Edition) with regard to the market prospects and the latest product trends.

Promising lighting market

More than 90% of respondents, including 93% of buyers and 91% of exhibitors at the October event, expected their sales to remain either unchanged or to increase during the course of 2014. Such opinions are, more or less, the same as those expressed in the survey of attendees at the previous Lighting Fair in April, which showed a marked improvement in market sentiment among industry players compared to 2012. Of the Autumn Fair respondents who forecast an upturn in sales, the typical expected 2014 increase was 15% (buyers) and 20% (exhibitors)1.

Chart: Market outlook for 2014Chart: Market outlook for 2014
More than 90% of the respondents forecast that their sales would remain unchanged or increase in 2014.

Source: HKTDC Survey

Remark: Figures in brackets were the respondents’ forecast for the year of 2013 obtained from the Lighting Fair held in April 2013.

Download excel

The Chinese mainland and ASEAN are considered to be the most promising emerging markets. The two were rated as “very promising” or “promising” over the next two years by 67% and 65% respectively of all those canvassed. North America, Western Europe and Australia/Pacific were also seen by 61%, 61% and 60% respectively as “very promising” or “promising” by all respondents.

LED and green products making way

LED and green products have been consistently rated as having the best sales potential over the most recent surveys. This time, 55% of those polled said that they promised the highest sales growth in 2014, followed by commercial lighting (17%), household lighting (16%) and advertising lighting (5%).

Chart: All respondents: product category with highest sales growth in 2014Chart: All respondents: product category with highest sales growth in 2014
LED and green lighting are rated as having the highest sales growth potential for 2014.

Remark: Each respondent is allowed to choose one product category only.

Source: HKTDC Survey

Download excel

Photo: LED lighting system demonstrated at the fairPhoto: LED lighting system demonstrated at the fair

LED lighting system demonstrated at the fair

The majority of respondents (78%) said LED sales would be greatly stimulated if LED prices came down to a level less than 1.5-fold that of CFL lamps. The percentage share of respondents holding such a view is far larger than that seen during the April fair survey. If LED prices can be brought down to such a “reasonable level”, 72% of respondents expect that sales in the overall lighting sector would rise by around 20% (median rate).

Evidently, there are an increasing number of exhibitors engaging in LED business. In order to differentiate themselves in the face of keen competition, several companies in the sector have started using more advanced automated machines in order to produce higher-powered LEDs at a lower cost. Huizhan Huapai LED Lighting, a Guangdong-based company, for instance, was showcasing its high-powered outdoor LED flood-lights at the fair, with a 50W model being available for as low as US$15.50 per unit.

Chart: All respondents: Chart: All respondents:
Of the respondents, 78% considered that if LED prices can come down to a level that is less than 1.5-fold of CFL lamps, this will greatly stimulate LED sales.

Source: HKTDC Survey


Remark:
(1) Prices of CFL lamps are taken as the reference for comparison purposes.
(2) Figures in brackets are the corresponding percentage share of respondents at the April fair.

Download excel

A number of other companies have applied state-of-the-art technology to their LED apparatus in an attempt to add value to their products. Liteworks, an OEM/ODM division of the Taiwanese Aurora Lighting Group, is one such company. At the fair, it demonstrated its Wi-Fi-based smart lighting LED system, which can be dimmed by simply touching a control screen - a feature not yet available in most LED, and even many CFL, lights. A Liteworks representative told HKTDC Research that the prime targets for its systems are the Asian markets - notably Taiwan, Hong Kong, Singapore and Malaysia - where there is a huge demand for green lighting solutions.

Profile of respondents

There were 386 buyers canvassed, with 30% from the Chinese mainland, 29% from Hong Kong, 5% from Taiwan and 4% from North America. The remaining 31% were from other global markets.

Of the 237 surveyed exhibitors, 58% were based on the Chinese mainland and 24% in Hong Kong. The remaining 18% were from other global markets.


1 Median rates

BACK TO TOP ^
CONTENT PROVIDED BY
    Topics:
  • Electronics & Electrical Appliances,
  • Lighting Products,
  • Hong Kong,
  • promising,
  • buyer,
  • exhibitor,
  • led,
  • green lighting,
  • emerging market,
  • china,
  • asean,
  • north america,
  • western europe,
  • hong kong international lighting fair,
  • sales
  • Electronics & Electrical Appliances
  • Lighting Products
  • Hong Kong
  • Hong Kong
Home

Article Topics

ARTICLE TOPICS

ELECTRONICS...24646
LIGHTING PRODUCTS24706
HONG KONG36027
PROMISING81976
BUYER81009

ARTICLE TOPICS

ELECTRONICS & ELECTRICAL APPLIANCES24646
LIGHTING PRODUCTS24706
HONG KONG36027
PROMISING81976
BUYER81009
EXHIBITOR81010
LED99193
GREEN LIGHTING81977
EMERGING MARKET77140
CHINA80218
ASEAN80181
NORTH AMERICA81018
WESTERN EUROPE81019
HONG KONG INTERNATIONAL LIGHTING FAIR81193
SALES81978
GROWTH81004
COMMERCIAL LIGHTING81979
HOUSEHOLD LIGHTING81980
ADVERTISING LIGHTING81981
CFL81982
PRICE81007
WI-FI76778
EXTERNAL TRADE75527
TRADE FAIR80146
MARKET TRENDS72521

interest_article

YOU MAY BE INTERESTED IN

10 November 2022

Chip transformation excites investors

02 March 2022

IT drives Industry 4.0

28 October 2021

Hong Kong shows tech spurs

05 November 2020

Power-sharing finds takers

Related Events

RELATED EVENTS

12 - 15 April 2023

HKTDC Hong Kong Electronics Fair (Spring Edition) 2023 (Physical Fair)

12 - 22 April 2023

HKTDC Hong Kong Electronics Fair (Spring Edition) 2023 (Click2Match)

13 - 23 October 2023

HKTDC Hong Kong Electronics Fair 2023 (Autumn Edition) (Click2Match)

26 October - 6 November 2023

Eco Expo Asia 2023 (Click2Match)
FIND AN EVENT

Social Share

FOLLOW US

GET WEEKLY UPDATES

newpaper-img

GET OUR WEEKLY EMAIL UPDATES

banner-img


I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement; I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.


*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

THANK YOU

Thank you for registering.

SHARE THIS STORY

EMAIL
LINKEDIN
WeChat
FACEBOOK
TWITTER
WHATSAPP

ID: HKTDCofficial

Don't have an account?

Create An Account

successfully added on your preferences.