Survey: future lighting market prospects?

With the decline in hardware prices, LED applications in the lighting market. Most of the lighting industry believes that, in addition to household products, smart lighting and related systems and equipment, is becoming the future growth of the product category. In addition, the industry expects the lighting market in 2016 will remain stable, while China, Western Europe, ASEAN and North America is the largest market growth potential.

During the October 2015 meeting of the Hongkong International Lighting Exhibition, trade of the Hongkong Trade Development Council conducted a questionnaire survey, interview 383 buyers and 262 exhibitors, asking their views on the next few years the market prospect and the trend of the lighting industry.

2016 Market Outlook: maintain stability

Exhibition, about 86% of respondents surveyed and 90% of respondents expected exhibitors, sales in 2016 unchanged or increased. The percentage of respondents with the same view of the market outlook for the April 2015 spring lighting fair. However, it is worth noting that, compared with the previous survey, the 2016 sales are expected to remain unchanged (compared with 2015), the proportion of respondents increased, while the proportion of sales is expected to decline. In other words, 54% of respondents and the respondents of the respondents expected 2016 sales of 39%. Overall, the global lighting market is expected to remain stable next year.

The growth prospects of individual markets, all markets have been more neutral (3 points) as a high score, indicating that respondents generally positive view of the market for overseas lighting products. As in previous surveys, the mainland is still the most promising market for the next two years, followed by Western Europe, ASEAN, North America, Taiwan, other Asian countries and Australia / Pacific islands.

System products become hot

In terms of products, in all respondents, 26% believe that LED and related environmental lighting is the most growth potential of the product category in 2016, followed by other household lighting products (accounting for 20%). However, the lighting system with a large number of intelligent lighting and lighting programs, commercial lighting and outdoor lighting also received a higher rating, accounting for 15% of all respondents, respectively, 14% and 13%.

The above situation, it is estimated that in part because of the decline in the price of LED, the growing popularity of lighting products, and low power consumption and longer life characteristics, but also help to expand the scope of application of LED lighting. In fact, about 97% of respondents and respondents surveyed exhibitors expect the next months, the price of LED lights further decline of up to 20%. Many respondents believe that the Home Furnishing indoor lighting, intelligent lighting system, outdoor lighting and indoor office / commercial lighting applications of LED in the next 1 to 3 years the most growth potential, accounted for 28%, 27%, 15% and 13% of the respondents.

Intelligent lighting into the new darling of the industry

Another major development in the industry, with the rise of the Internet of things (Internet-of-Things, referred to as IoT), the future of the city will be more intelligent. The Internet of things technology through an intelligent platform to connect different devices Home Furnishing inside and outside, including lighting, appliances and other installed mobile electronic products, the user benefits, such as life is more convenient and more intelligent and energy saving. During the exhibition, a things to bring a revolutionary impact on the lighting industry seminar, said that this development trend in the future will become a major factor to stimulate market demand, but also bring a lot of challenges for the industry.

In fact, these views are consistent with the findings during the exhibition. It is worth noting that the majority of respondents (accounting for 82% of all respondents) believe that smart city and smart home technology and related applications in the next two years will help the development of the lighting industry. Among the respondents, 43% expect to be able to communicate with the smart phone / tablet PC, or control of the home lighting system has the greatest potential for development in the industry. Followed by the main power saving, energy saving as the goal of home / industrial / commercial intelligent lighting system, in the respondents, 40% of this view.

Respondents information

Interviewed a total of 383 buyers, of which 27% from Hongkong, the rest from the field. Major sales / export market for mainland China (21%), Asia (excluding mainland China) (17%), Western Europe (17%), Hongkong (16%) and North America (15%).

Interviewed a total of 262 exhibitors, 27% from Hongkong, the rest from the field. Major sales / export markets for Western Europe (27%), Asia (excluding mainland China) (22%), North America (18%) and Mainland China (8%).

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