Warm glow expanding rapidly across the globe
With the LED lighting market expanding rapidly across the globe, this edition of the lighting fair's Hall of LED is set to be bigger and better than ever.
'A huge focus is continuously put on both LED lighting and green lighting in today's environmentally conscious world,' says Joel Tse, media relations executive for exhibitions at the Hong Kong Trade Development Council. 'New developments in LED and other energy-saving devices are coming thick and fast, and it is important for buyers to keep abreast of the latest technologies and applications. The Hall of LED features all the major players in the lighting industry and covers every type of lighting, including indoor, outdoor and display panels.'
The fair will also keep participants updated with the latest industry information through a series of seminars and symposiums. The highlight event, 'Lighting - Enabling Technologies for LED Lighting', features industry leaders and scholars sharing their insights and discussing new developments in LED-related technologies.
Other experts will present seminars on energy-efficient lighting and the latest regulatory requirements.
The fair's expanded LED zone will be divided into four sub-zones: LED Outdoor Lighting, LED Indoor Lighting, LED Display Panel and LED Accessories, Parts and Components.
Buyers of LED products will find it more convenient than ever to reach the booths of companies whose offerings meet their needs.
Exhibitor and industry player CGD (Asia) has noticed a trend towards declining prices of LED lighting.
'With the speedy progress of LED technology in the supply chain, prices of LED lighting have gradually declined,' says general manager Matthew Yuen. 'This will contribute to the great expansion of the LED market. We see that the global LED lighting market will reach Euro3.9 billion (HK$40.38 billion), with the penetration rate jumping to from 20 per cent to 25 per cent from 2012 to 2013, and to be 50 per cent in 2015 and 75 per cent in 2020.'
Another regular exhibitor, Kee Tat Lighting, which mainly promotes LED lamps and luminaires for indoor applications, believes that advanced technology-enhanced LED lighting products have achieved different white-light applications and standards.
'Lighting applications, end-users, even households, can easily replace traditional lamp sources with retrofitted LED lamps without sacrificing lighting performance,' says company representative Jason Lau. The growing LED market also means more competition.
'The key to success is combining innovative design and manufacturing with products that reduce energy consumption, protect the environment and save money for users,' Yuen says.