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/1X0A2H2J

hktdc research
SAVE FOR LATER
SHARE / SEND

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

A Smart Lighting Market 2015: the Spring 2015 Hong Kong Lighting Fair Survey

26 May 2015

With a proliferation of LED applications, it is expected that the global market for lighting products will remain steady in 2015. In particular, 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, notably like North America and Western Europe, are seen as the markets with the highest growth potential over the next couple of years.

During the April 2015 Hong Kong International Lighting Fair (Spring Edition), HKTDC Research polled 241 buyers and 135 exhibitors as to the prospects for the lighting market and the likely industry trends to emerge over the next few years.

Photo: Spring Hong Kong International Lighting Fair 2015 (1)
Spring Hong Kong International Lighting Fair 2015 (1)

Photo: Spring Hong Kong International Lighting Fair 2015 (1)Photo: Spring Hong Kong International Lighting Fair 2015 (1)
Spring Hong Kong International Lighting Fair 2015 (1)

Photo: Spring Hong Kong International Lighting Fair 2015 (2)
Spring Hong Kong International Lighting Fair 2015 (2)

Photo: Spring Hong Kong International Lighting Fair 2015 (2)Photo: Spring Hong Kong International Lighting Fair 2015 (2)
Spring Hong Kong International Lighting Fair 2015 (2)

Steady 2015 Market Outlook

Some 87% of the buyers and exhibitors canvassed at the Fair expected that their sales would remain either unchanged or would increase in 2015. Such a percentage share is lower than the number of people who expressed the same view at last October’s fair, where respondents were relatively bullish as regards the market prospects. Overall, 53% of buyers and 67% of exhibitors surveyed believed that their sales would go up this year. In sum, the global market for lighting products is expected to remain steady in 2015.

Chart: Market Outlook for 2015

Chart: Market Outlook for 2015Chart: Market Outlook for 2015

Download excel

Not surprisingly, the Chinese mainland continued to be seen as the most promising market for the next two years, followed by the “other emerging market”. Mature markets, such as North America, Western Europe and Australia/Pacific Islands, also ranked among the top region, most likely due to their robust demand for energy-saving lighting apparatus.

Chart: All Respondents: Growth Prospects for Overseas Markets in the Next Two Years

Chart: All Respondents: Growth Prospects for Overseas Markets in the Next Two YearsChart: All Respondents: Growth Prospects for Overseas Markets in the Next Two Years

Download excel

The Almighty LED

Product-wise, LED and related green lighting apparatus are widely regarded as the areas with highest growth in 2015, as indicated by 37% of all respondents. Next in line was commercial lighting (29%) and household lighting (17%) products.

Chart: All Respondents: Product Category with Highest Growth in 2015

Chart: All Respondents: Product Category with Highest Growth in 2015Chart: All Respondents: Product Category with Highest Growth in 2015

Download excel

Photo: Buyer and exhibitor meet at the Spring Hong Kong International Lighting Fair 2015
Buyer and exhibitor meet at the Spring Hong Kong International Lighting Fair 2015

Photo: Buyer and exhibitor meet at the Spring Hong Kong International Lighting Fair 2015Photo: Buyer and exhibitor meet at the Spring Hong Kong International Lighting Fair 2015
Buyer and exhibitor meet at the Spring Hong Kong International Lighting Fair 2015

Photo: Spring Hong Kong International Lighting Fair 2015
Spring Hong Kong International Lighting Fair 2015

Photo: Spring Hong Kong International Lighting Fair 2015Photo: Spring Hong Kong International Lighting Fair 2015
Spring Hong Kong International Lighting Fair 2015

Speaking at the Asian Lighting Forum 2015 held as part of the Fair[1], Roger Chu of LEDinside of TrendForce Corp estimated that the size of the global LED lighting market would grow from US$20 billion in 2014 to US$36 billion in 2018. Furthermore, he said, the LED penetration rates would reach 54% by 2018 as compared to 26% in 2014.

Photo: Roger Chu: The global LED market will continue to grow.
Roger Chu: The global LED market will continue to grow

Photo: Roger Chu: The global LED market will continue to grow.Photo: Roger Chu: The global LED market will continue to grow.
Roger Chu: The global LED market will continue to grow

Such good market prospects are due partly to the falling costs of LED. Indeed, the survey findings also showed that LED prices and costs were expected to fall further. Notably, 94% of buyers and 97% of exhibitors expected that LED retail prices would fall by as much as 20% or less over the next 12 months. As for the next one to three years, 64% of buyers and 73% of exhibitors believed prices would fall further by a similar amount.

Smart Lighting: An Industry Focus

In the meantime, smart lighting has started to emerge as an industry focus, led by the development of smart appliances by leading technology players. Among the surveyed respondents, 86% said the development of smart city and smart home technology and related applications would facilitate the lighting industry. In particular, 51% expected that household lighting systems that are compatible with or can be controlled by smartphone/tablet applications have the greatest development potential for the industry.

Chart: All Respondents: Benefits of Development of Smart Home Technology

Chart: All Respondents: Benefits of Development of Smart Home TechnologyChart: All Respondents: Benefits of Development of Smart Home Technology

Download excel

Chart: Greatest Potential Areas for the Lighting Industry Development

Chart: Greatest Potential Areas for the Lighting Industry DevelopmentChart: Greatest Potential Areas for the Lighting Industry Development

Download excel

The homes of the future, in particular, would become smarter on the back of the advent of the Internet-of-Things (IoT) technology. Certain industry players envisaged that the smart home would be one of the major IoT application areas, and would elicit huge demand for related hardware and appliances, including electrical and lighting products. (For further information, please see “Smart Home Becomes the Reality”)

Profile of respondents

There were 241 buyers canvassed, with 41% based in Hong Kong and the remainder based in overseas countries/regions. Their major selling/export markets were Asia (47%), Europe (26%) and North America (17%).

Of the 135 surveyed exhibitors, 20% were based in Hong Kong and the rest based in overseas countries/regions. Their major selling/export markets were Europe (46%), North America (18%) and Asia (17%).


[1] The Asian Lighting Forum 2015 was held on 8 April 2015 at the Hong Kong International Lighting Fair.

BACK TO TOP ^
CONTENT PROVIDED BY
    Topics:
  • Electronics & Electrical Appliances,
  • Household Products,
  • Hong Kong,
  • led,
  • Smart home,
  • market trends,
  • consumer market,
  • external trade
  • Electronics & Electrical Appliances
  • Household Products
  • Hong Kong
  • Hong Kong
Home

Article Topics

ARTICLE TOPICS

ELECTRONICS...24646
HOUSEHOLD PRODUCTS24688
HONG KONG36027
LED99193
SMART HOME101395

ARTICLE TOPICS

ELECTRONICS & ELECTRICAL APPLIANCES24646
HOUSEHOLD PRODUCTS24688
HONG KONG36027
LED99193
SMART HOME101395
MARKET TRENDS72521
CONSUMER MARKET99005
EXTERNAL TRADE75527

interest_article

YOU MAY BE INTERESTED IN

01 February 2023

Cutting down disposable plastics

05 August 2022

August fairs bring it home

02 March 2022

IT drives Industry 4.0

05 September 2022

Modern twist on traditional craftsmanship

Related Events

RELATED EVENTS

12 - 22 April 2023

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

12 - 15 April 2023

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

17 - 21 August 2023

HKTDC Home Delights Expo 2023

26 - 29 October 2023

Eco Expo Asia 2023 (Physical Fair)
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.