Autumn Lighting Fair, Outdoor and Tech Light Expo and Eco Expo Asia draw some 60,000 buyers
The upgraded Hall of Connected Lighting at the Autumn Lighting Fair showcased new products from over 50 renowned companies and brands. Among them, Tridonic debuted its new product - lichtMONITOR - at the Fair
Industry bullish on sales and AI
- The twin lighting fairs and the Eco Expo Asia concluded with success, attracting some 60,000 buyers from 150 countries and regions.
- 61% of lighting industry respondents expect overall sales to grow in the next 12-24 months, while 61% of respondents foresee AI as a key growth driver in lighting
- An exhibitor expected actual orders received after the Autumn Lighting Fair to amount to around US$40-50 million.
- Eco Expo Asia successfully attracted buyers from various industries to procure eco products and green technologies, empowering enterprises on their sustainable development.
- A Hong Kong company trading electric and hybrid electric vehicles estimate its sales this year to increase by 15-20%, in view of the more optimistic sentiment.
The 26th Hong Kong International Lighting Fair (Autumn Edition), the 9th Hong Kong International Outdoor and Tech Light Expo, and the 19th Eco Expo Asia, jointly organised by HKTDC, Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), have come to a successful conclusion. The three exhibitions attracted some 60,000 buyers from 150 countries and regions, signifying Hong Kong’s status as an international conference and exhibition centre.
Survey shows optimism on sales in the lighting industry
An independent survey of over 710 exhibitors and buyers at the Autumn Lighting Fair and Outdoor and Tech Light Expo revealed that respondents hold an optimistic outlook, with 61% respondents expecting overall sales to grow in the next 12-24 months, and 34% expecting sales to remain unchanged.
For traditional markets, respondents were mainly optimistic about Australia and the Pacific Islands (74%), Korea (72%), and Taiwan (57%). Among emerging markets, the industry was primarily positive on Middle East (88%), Latin America (80%) and Russia (64%).
In terms of trends in lighting products, 61% respondents foresee that artificial intelligence (AI) is the driving factor of industry growth. Most respondents (43%) believed energy-efficient lighting control solutions to have great potential in the smart lighting industry in next two years, followed by home automation and smart lighting control systems (36%), wireless lighting control systems (27%) and outdoor smart security lighting systems (26%).