LED EXPO THAILAND 2017 INCREASES FOCUS ON INTERNATIONAL BUYERS, PROMISES BOOMING BUSINESSES AT THE SHOW FLOOR
According to the latest evaluation, , the US $29.6 billion global LED lighting market is expected to reach up to US $ 33.1 billion by the end of 2017. The credit for the appraisal goes to the regional lighting development as LED lighting accounts for 23% of total lightings in Europe, which is the highest across the world. Also, North America and China are the second and third highest absorbing regions respectively.
However, the rapid growth rate in LED lighting is expected to reflect in Asia Pacific region. Furthermore, a mass replacement of the conventional lighting sources with LEDs is already adopted by the Indian government and planned to switch to 700 million LED light bulbs and 35 million streetlights across the country by 2018.
LED lighting in Southeast Asia has deepened its roots in recent years, and has successfully strengthened to replace traditional lighting. LED lighting penetration rate and import scale is expected to grow in the next few years, turning it as a major hub for manufacturers across the globe exporting LED lighting products.
LED Expo Thailand 2017, therefore, is the best place to witness innovations in LED lighting and technology. The show is devoted to science, technology and LED applications. It aims to increase the growth rate of LED lighting market in Southeast Asian region by providing a major hub for LED lighting companies to promote, discuss, transact, partner and gain insights on neighboring LED markets.
To facilitate business matching at the show, the organisers this year have come up with the VIP Hosted Buyers Programme, creating an effective platform for top quality buyers from the procurement, purchasing and supply chain management divisions within the commercial aviation sector to meet with our exhibitors on a pre-schedule basis.
The Hosted Buyers may be nominated by the exhibitors, industry associations or government agencies. Interested buyers who are seeking specific products and solutions may also leverage on this Business matching programme to source for new business partners.
Thailand is ranked as the 50th largest country in the world is a part of Association of Southeast Asian Nations (ASEAN) and ASEAN’s Economic Community along with nine other countries namely, Indonesia, Malaysia, Philippines, Singapore, Brunei, Cambodia, Laos, Myanmar, and Vietnam. The aim of AEC for 2015 is to create a single ASEAN market with gross domestic product (GDP) of $2.5 trillion and trade of $1 trillion.