Hong Kong International Lighting Fair (Spring Edition)
Dear All,
I would just want to share with you some of my observations, experiences and the new inputs I got during my visit to the fair which are as follows:
1. There are more new products that I saw compared to last October like the Neon LED, LED that can be controlled by IPad not only to dim it but also to control the color from PW to Red or any color.
2. There are more suppliers that sell LED Drop
lights, Track Lights which include the the fixtures (integrated), wall
lamps, Chandeliers and all other accent lighting with built-in fixtures.
3. There are a lot of new products using COB, even for spots and tubes.
4. The prices are lower and will further go down. The price erosion is predicted to 16% per year (ave.) during the next 5 years.
5.
The forecast made by one of the speakers is that the total LED Market
is expected to grow 18% per year in the next 5 years. Personally I
believe it is going to be more 20% but the quantum leap will happen 3 years from now.
6. The market is getting increasingly demanding as far as quality is concerned and there is going be a shake out in the near future. The weak companies (not necessarily the small ones)
will be eased out of the business by those who have strong and solid
foundation in terms of product quality and customer care/service.
I hope the above info can be of value to you and your company.
Author: +Alan L. Lee
