Benjamin Chau, HKTDC Deputy Executive Director, said: "Smart lighting technology has seen rapid development in recent years. Simple automatic lighting has evolved into today's IoT lighting systems that are energy-efficient, beautifully designed and easy to manage. Even as uncertainty continues to loom over the global economy, the growing trend for smarter lighting has not dimmed, and orders for smart lighting products have continued to grow. Smart lighting products once again enjoyed the spotlight at this year's Spring Lighting Fair, with plenty of new lighting systems and wireless lighting controls products on display. The HKTDC also organised an array of seminars and forums during the fair to promote industry growth."

Bright prospects for smart lighting

To get a better understanding of the prospects for the industry, the HKTDC commissioned an independent on-site survey during the fair in which 363 buyers and exhibitors were interviewed. The survey found respondents to be cautiously optimistic about the lighting market in 2019, with 53% expecting overall sales to rise this year and 36% anticipating that sales will remain unchanged. Only 39% of respondents foresee that product prices will increase, while 49% expect prices to remain unchanged. As for lighting market prospects, Middle East and ASEAN are the two emerging markets most favoured by respondents, followed by Hong Kong, Mainland China, South Africa and Australia.

Survey respondents expect that the Hong Kong Special Administrative Region Government's smart city initiatives will benefit the lighting industry. Of those surveyed, 56% believe that government policies are conducive to the lighting industry's development; 89% consider the outlook for smart lighting to be promising; and respondents anticipate that smart lighting systems designed for home automation (38%), outdoor security (21%) and energy efficiency (15%) have the greatest growth potential in the coming two years.

Business opportunities abound for smart cities

Horoz Electric, a trading company from Kazakhstan, has been involved in that country's domestic lighting industry since 2007. Company owner Azamat Tolykbayev came to the Spring Lighting Fair to look for automatic lighting products and new technologies for residential and government projects. He said: "At present, only 2% of the street lights in Kazakhstan are equipped with sensors. To bid for large-scale government projects, we are particularly interested in sensor street lights, along with garden lights, stadium lights and swimming pool lights." The buyer identified five potential suppliers from Dongguan, Ningbo and Shenzhen that provide automated LED lighting products for residential projects, saying he planned to order 1,000 pieces each of different styles.

Hong Kong exhibitor DIMON Technology Limited is a green technology and lighting design and manufacturing company with research centres in Hong Kong, Shenzhen and the United Kingdom. Over the past three years the company has completed large-scale smart public lighting projects in Europe, Hong Kong, Macao and North America.

Dr Joseph Tsui, DIMON's Executive Director, said this was his company's first time joining the Spring Lighting Fair and they were keen to promote their latest lighting technologies, products and services to local and overseas government officials, property developers and property management companies. During the fair, the exhibitor met new buyers from Mainland China, Norway, Poland, Spain and Turkey who expressed interest in DIMON's products. To further increase the company's exposure and establish more international connections, Mr Tsui said DIMON would look to join the HKTDC's Autumn Lighting Fair in October.

The HKTDC Hong Kong International Lighting Fair (Spring Edition):Fair Website: www.hktdc.com/hklightingfairse^[1] Product Highlights: https://bit.ly/2uyKroF^[2]For more comments from exhibitors and buyers, please visit: https://bit.ly/2YYINe7^[3]Photo download: https://bit.ly/2GcAhjd^[4]

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong's businesses. With 50 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With more than 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus^[5]. Follow us on Google+, [email protected]^[6], LinkedIn.

Contact:

Iris Chow, Tel: +852 2584 4525, Email: [email protected]

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

1. ^{^} www.hktdc.com/hklightingfairse (www.hktdc.com)
2. ^{^} https://bit.ly/2uyKroF (bit.ly)
3. ^{^} https://bit.ly/2YYINe7 (bit.ly)
4. ^{^} https://bit.ly/2GcAhjd (bit.ly)
5. ^{^} www.hktdc.com/aboutus (www.hktdc.com)
6. ^{^} [email protected] (www.acnnewswire.com)
7. ^{^} [email protected] (www.acnnewswire.com)
8. ^{^} [email protected] (www.acnnewswire.com)
9. ^{^} HKTDC (www.hktdc.com)
10. ^{^} Trade Shows (www.acnnewswire.com)
11. ^{^} Electronics (www.acnnewswire.com)
12. ^{^} Const/Eng (www.acnnewswire.com)