Industry optimistic about the 2017 lighting market, North America and Western Europe, the most growth potential

Although this year's lighting industry sales mediocre, but the industry is optimistic about the market outlook in 2017. Traditional markets such as North America and Western Europe and the mainland of China are regarded as the largest potential market for the next year, while LED and environmental lighting are the most promising product categories in the coming year. In addition, the intelligent lighting system continues to be considered the focus of future development of the lighting industry. At the Hongkong International Autumn Lighting Fair in October 2016, we visited 393 buyers and 261 exhibitors to understand their views on the lighting market prospects, as well as the industry trend in the coming year. 2017 lighting market: the industry is optimistic about the mood in the autumn lighting exhibition, 43% of the respondents surveyed and the respondents of the exhibitors expected sales in 2017 compared with an increase of 66% in 2016. It is worth noting that this ratio is significantly higher than in April this year, the same exhibition survey results. As for the next year, sales are expected to decline in the proportion of respondents declined, accounting for only 10% of respondents surveyed and exhibitors of 6%. Overall, even though this year's lighting industry sales mediocre, but the industry is optimistic about the market outlook in 2017.

As for the growth prospects of individual markets, North America and Western Europe, the two largest traditional market is regarded as the most growth potential market in 2017, both were given a score of 3.65, also higher than the mainland of China is divided into 3.63. Followed by Australia and the Pacific Islands, ASEAN countries, South Korea, Japan and Latin america. In fact, the score of all markets in the neutral level of more than 3 points (score from 1 to 5), reflecting the industry generally optimistic about the global market.

LED industry trends in 2017, the survey conducted in October, the majority of the industry believes that LED and environmental lighting is the largest growth potential in the product category, was 40% respondents selected. LED lighting, is regarded as the largest growth potential of the main application areas for indoor home lighting, intelligent lighting systems and indoor office and commercial lighting, respectively, 32%, 21% and 14% respondents agree.

In addition, 15% and 14% of respondents believe that commercial lighting and home lighting is the largest growth potential in 2017 product categories. At the same time, 10% of smart lighting and lighting programs that have the greatest potential for growth next year, compared with the results of this year's April survey. In addition, 10% of respondents believe that outdoor lighting in 2017 has the greatest growth potential, compared with the April survey of the high rate of 6%. Smart lighting is still the focus of future development as for the future development of view, the majority of respondents (84%) believe that smart technology in the next two years will help the development of the lighting industry. Respondents, including the most important development in the field of intelligent lighting: with intelligent mobile phone / tablet computer communication, or manipulated Home Furnishing lighting system (48% of respondents agree); and mainly in energy saving, energy-saving goal of Home Furnishing / industrial / commercial building intelligent lighting system (41%).

Respondents information

Interviewed a total of 393 buyers, of which 27% from Hongkong, the rest from the field. Major sales / export markets for Western Europe (23%), North America (20%) and Mainland China (18%).

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