Hong Kong: Twin lighting fairs welcomed some 16,000 buyers

12.04.2024

Organised by the Hong Kong Trade Development Council (HKTDC), the inaugural Smart Lighting Expo and 15th Hong Kong International Lighting Fair (Spring Edition) (Spring Lighting Fair) concluded successfully.

The twin lighting fairs welcomed some 16,000 buyers from 107 countries and regions, making a strong start to the HKTDC technology fairs in April. Sophia Chong, deputy dxecutive director of the HKTDC, said: “As one of the partner events of the Business of Innovation & Technology Week (BITWeek), the inaugural Smart Lighting Expo and the 15th Hong Kong International Lighting Fair (Spring Edition) attracted not only buyers in Hong Kong but those from Mainland China, Australia, India, Japan, Korea, the Philippines, Russia and the United States, a testimony to the fairs’ internationality. The two lighting fairs brought enormous business opportunities to those in the industry and served as an ideal platform for exchanging ideas on the latest market development and trends.“

Smart lighting products unlock unlimited potential
An on-site survey of 507 exhibitors and buyers found 63% anticipated higher sales in the next 12 to 24 months while 35% expected stable sales, a testimony to optimism in the lighting market. Other key findings are as follows:
Market outlook and product trends: Respondents considered the North America (62%), Mainland China (59.7%), ASEAN countries (59.6%) and Northern & Western Europe (55%) to be promising lighting markets over the next two years in terms of growth.

For the industry overall, household lighting systems that are compatible with or can be controlled by smart phone/tablet applications (40%), smart lighting systems primarily geared for energy-saving for household/industrial/commercial purposes (38%) and household lighting systems that are connected to or compatible with the Internet (27%) were considered to have the greatest market potential. Respondents named home automation and smart lighting control systems (46%), energy-efficient lighting control solutions (37%) and outdoor smart security lighting systems (22%) as having the biggest potential for smart lighting. Respondents revealed that consumers would be willing to pay an average premium of 24% for smart-lighting products.

Participants applaud robust trading opportunities
Organised under the theme Bright Lighting • Smart Living, the lighting fairs attracted over 1,300 exhibitors and featured a diverse array of innovative lighting products and technologies ranging from sustainable and human-centric lighting to fashionable lighting products. Among zones, the Smart Ecosystem and IoT Supply Chain Area in the Smart Lighting Expo and the Hall of Aurora in the Spring Lighting Fair captured the attention of many buyers.