Organised by the Hong Kong Trade Development Council (HKTDC), the 19th Hong Kong International Lighting Fair (Autumn Edition), the second Hong Kong International Outdoor and Tech Light Expo and the 12th Eco Expo Asia concluded with close to 69,000 buyers from 151 countries and regions visiting the three events. The figure is 7 percent higher than last year’s attendance.
“According to an on-site survey, 93 per cent of the interviewees believed that the development toward smart cities and smart homes will facilitate the advancement of the lighting industry in the coming two years,” said HKTDC Deputy Executive Director Benjamin Chau.
The Autumn Lighting Fair was held from 27 to 30 October at the Hong Kong Convention and Exhibition Centre (HKCEC), while the other two fairs were held at the AsiaWorld-Expo from 26 to 29 October. The three parallel fairs offered a one-stop sourcing platform and synergy to provide more cross-industry business opportunities.
Gathering close to 3,100 exhibitors and nearly 55,000 buyers, the HKTDC Hong Kong International Lighting Fair (Autumn Edition) and the HKTDC Hong Kong International Outdoor and Tech Light Expo formed the world’s largest lighting marketplace. Meanwhile, Eco Expo Asia, jointly organised by the HKTDC and Messe Frankfurt (HK) Ltd, and co-organised by the Environment Bureau of the HKSAR Government, featured nearly 340 exhibitors and attracted more than 14,000 buyers.
Sales Expected To Grow 16 Percent In 2018
The HKTDC commissioned independent on-site surveys during the Autumn Lighting Fair and Outdoor and Tech Light Expo. Among the 636 exhibitors and buyers interviewed, about 95 per cent of the respondents expected a better or stable market prospect in 2018, with the overall sales of products expected to increase by 16 per cent on average.
On the global outlook, the survey found that respondents were most optimistic towards the Chinese mainland, followed by Japan and ASEAN markets. Among emerging markets, the industry is most interested in expanding business in the Chinese mainland (24 percent), ASEAN (17 percent) and the Middle East (7 percent).
On products, respondents considered household lighting (29 percent) to have the greatest growth potential in 2018, followed by LED and green lighting products (24 percent) and commercial lighting (16 percent).
“Internet of Lights” – a new trend ahead
During the fairs, industry leaders, who were invited to share their insights on the latest industry and products trends, revealed that the function of lighting products has evolved to become the “Internet of lights,” which has become an essential trend for smart homes.
“Light is everywhere, it is the perfect carrier for transmitting and collecting data,” said David Barnby, Tridonic’s Senior Vice President (Global Sales & Marketing). “It will converge with the Internet, and the lighting industry has to work fast with other sectors to capture the new opportunities.”
Shanghai Pudong Intelligent Lighting Association Secretary-General Lighting Dai also pointed out that future lighting products must be connected with the Internet. “The industry must leverage cross-industry technologies, including cloud platforms, artificial intelligence, sensors, intelligent modules, voice recognition and software applications, to develop smart lights and achieve inter-operability with other devices.”
New Startup Zone at Eco Expo Asia Showcases Green Innovations
The HKTDC’s Benjamin Chau pointed out that a new Startup zone was set up at Eco Expo Asia and a Startup Forum was organised to help green start-ups explore more business opportunities, bringing exciting new elements to the expo.
Hong Kong start-up Rooftop Republic Urban Farming’s co-founder Michelle Hong said the expo helped her company broaden its clientele and reach out to potential partners. “Buyers from the Chinese mainland, Germany and Morocco are not just interested in our green walls and urban farming solutions, but also keen on our software, which includes workshops and educational programmes. Discussions with the MTR and a few hotels are also underway.”