Trade Resources Industry Trends Energy-Saving Lighting Promotion and LED Declined Price Results LED Demand Increasing

Energy-Saving Lighting Promotion and LED Declined Price Results LED Demand Increasing

With the Thai government promotes energy-saving lighting actively and LED price declined sharply, it results LED lighting demand increasing a lot. According to statistics, in 2014 the Thai lighting market will be valued at $ 800 million, an increase of 12% compared to 2013. In the near future, the total value of Thailand’s lighting market will reach 900 million to 1 billion U.S. dollars. It is expected that the annual growth rate will reach 30 percent in the next five years, interior and industrial lighting will become two important markets for LED lighting.

According to the introduction of local Electricity Generating Authority, Thailand needs to import 80% of lighting products, the government strongly supports the chose of energy-saving products in recent years, Thailand’s huge market potential and the increasing purchasing will bring opportunities for LED enterprises.

According to reports, the first Thai International Lighting Fair was held at the Bangkok International Trade and Exhibition Centre from August 19– 21th, 2015. The organizers Electricity Generating Authority of Thailand and Messe Frankfurt, Germany recently held a press conference in Shanghai, and welcomed Chinese companies to participate this fair.

The first Thai International Lighting Exhibition brought 250 exhibitors together, it is a comprehensive show for exhibiting lighting, energy efficient lighting equipment, LED materials, controllers, replacement lamps, LED related accessories, lighting equipment, renewable energy and solar architecture, intelligent lighting and so on, and attracts more than 5,000 professional visitors from different industrial areas. 

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Thailand Lighting Annual Market Growth Is Expected to Reach 30%
Topics: Lighting