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 industry.
– 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.
Sophia Chong, Deputy Executive Director of the HKTDC, said: “The recent Policy Address proposed several measures to enhance Hong Kong’s status as an international trade centre. The fairs created cross-industry sourcing opportunities and attracted some 60,000 buyers in total. The number of buyers from Brazil, Canada, Indonesia, Italy and the Netherlands increased from last year. Eco Expo Asia also drew many new buyer groups, including from Indonesia, Malaysia, and the United Arab Emirates (UAE), showing that ASEAN and Middle Eastern buyers view Hong Kong as an important trading and sourcing platform. These fairs further solidified Hong Kong’s role as a trade centre which also promotes green and low-carbon development.”
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%).
Hall of Connected Lighting with international brands launching new products
Under the theme “Light & Life”, the twin lighting fairs showcased innovative products and solutions that integrate lighting with life. The Autumn Lighting Fair revealed industry trends, such as sustainable development, healthy living, and innovative design. The Hall of Connected Lighting at the Autumn Lighting Fair featured over 50 internationally renowned brands from eight countries and regions.
Amongst them, Shanghai Pudong Intelligent Lighting Association and the DALI Alliance collectively showcased numerous key brands to present their intelligent lighting ecosystem. Signify from the Netherlands, Tridonic from Austria and TUYA Smart from Mainland China, among others, also launched new products at the Fair. The hall was not only popular among buyers but also elevated the fair to a higher level.
Tridonic GmbH CEO Hugo Rohner stated, “This year, we have met more new buyers from Europe and the Middle East. The Fair also provides a perfect platform for us to announce the launch of lichtMONITOR in Asia, which has attracted the attention of international buyers.”
The business atmosphere at both lighting fairs was enthusiastic and lively. At the Autumn Lighting Fair, the Mainland China exhibitor Jason Yan, Sales Manager of Hangzhou Sky-Lighting Co., Ltd. stated that the number of buyers visiting their booth increased by 20-30%. During the first day of the Fair, more than 10 buyers from Europe and North America expressed their intention to place orders. He expected that actual orders received after the Autumn Lighting Fair will amount to around US$40-50 million.
This year, the Outdoor and Tech Light Expo introduced a Smart Pole and Solution zone. Liu Jie, Manager of Jiangsu Fute Lighting Group Co., Ltd. from Jiangsu Gaoyou Lighting Association, said: “Many buyers from Saudi Arabia, UAE, India, Vietnam and Argentina have expressed serious interest in sourcing our smart streetlights and signal lights. Potential orders under negotiation are up to US$10 million.”
A buyer from Canada, David Daniels, President of Etlin-Daniels Electrical Devices Inc. has been visiting the Spring Lighting Fair and Autumn Lighting Fair every year: “I have found two potential suppliers through the Click2Match platform, and I plan to buy US$450,000 worth of area lights and down lights from them. I am also interested in new models of LED panel lights and LED tri-proof lights presented by my existing supplier at the Fair, and I’ll buy US$800,000 worth of lighting products from this supplier.”
Eco Expo Asia fully promotes energy conservation and waste reduction
Under the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia focused on three areas that echo the recent Policy Address, namely new energy, waste management and circular economy, and ESG-related services.
The demand for environmentally friendly products or technologies is increasingly growing across various industries. As a leading expo in the green industry, Eco Expo Asia is supported by governments, industry associations and enterprises from around the world. In addition to local buyers, this year’s expo also invited suppliers who provide services to mainland and ASEAN governments to procure green technologies and products. Other industries attending the Fair to source green products and services included infrastructure, real estate, property management, logistics, hotels, department stores and finance.
Hong Kong exhibitor Alex Huen, General Manager of GMI Motors Ltd said: “Last year at Eco Expo Asia, we received over 20 enquiries from Europe, Southeast Asia and Mainland China, resulting in five vehicle sales amounting to HK$8 million. This year, we estimate an increase of 15-20%, in view of the more optimistic sentiment. The Click2Match platform has been invaluable for us. We have successfully arranged five meetings with overseas buyers on the first day.”
Keith Ang, Managing Director of Transco-PAC Transport & Environmental Pte Ltd said: “We aim to secure deals with a total budget of S$500,000 (HK$ 3 million). We are particularly interested in solutions provided by Hong Kong companies, including waste management for a government initiative in Singapore, as well as textile recycling solution.” Another buyer Ruuth Sonnia Agustina M, Digital Technology Manager of PT Moda Integrasi Transportasi Jabodetabek in Indonesia, was interested to procure 50 EV chargers worth up to HK$100,000 from a Hong Kong company for the charging stations that they are planning to build at three train stations in the country.
Also read: Quiip Strengthens Leadership Team and Expands Service Offerings Amidst FY24 Growth
Igniting cross-industry business opportunities through three fairs
Organised by the HKTDC, the Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo formed a world-renowned lighting marketplace, attracting some 3,000 exhibitors collectively and more than 40,000 buyers and more than 10,000 buyers, respectively. Eco Expo Asia, co-organised by the HKTDC and Messe Frankfurt (HK) Ltd., drew over 300 exhibitors and over 8,500 buyers.
Under the EXHIBITION+ hybrid mode, exhibitors and buyers can engage in online business negotiations and matching through the Click2Match smart business matching platform until 8 November for the two lighting fairs and until 9 November for Eco Expo Asia.
Fair Websites
Hong Kong International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.com
Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com
Eco Expo Asia: www.ecoexpoasia.com
Exhibitor and Buyer Quotes
Hong Kong International Lighting Fair (Autumn Edition):
https://www.hktdc.com/event/hklightingfairae/en/success-stories
Hong Kong International Outdoor and Tech Light Expo:
https://www.hktdc.com/event/hkotlexpo/en/success-stories
Eco Expo Asia:
https://www.hktdc.com/event/ecoexpoasia/en/success-stories
Website
International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.com
Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
Background information on Messe Frankfurt
The Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.
Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.
For more information, please visit our website at: www.messefrankfurt.com/sustainability
With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).For more information, please visit our website at: www.messefrankfurt.co
Legal Disclaimer: The Editor provides this news content "as is," without any warranty of any kind. We disclaim all responsibility and liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. For any complaints or copyright concerns regarding this article, please contact the author mentioned above.
