Thailand lighting market $ 800 million "cake" 30% of high growth

Reported, the first Thai International Lighting Fair will be held at the Bangkok International Trade and Exhibition Centre August 19, 2015 to 21, local organizers Electricity Generating Authority of Thailand and Messe Frankfurt, Germany recently held a press conference in Shanghai, welcomes Chinese enterprises exhibition, to Thailand and other ASEAN Economic Community countries show wide range of innovative products and technology from China. 

 

Electricity Generating Authority of Thailand, according to local reports, Thailand needs to import 80% of lighting products, the government strongly supported the choice of energy-saving products in recent years, Thailand's huge market potential and the increasingly strong purchasing power will bring opportunities for Chinese enterprises. 

 

First Thai International Lighting Exhibition is expected to be brought together 250 exhibitors, a comprehensive display lighting, energy efficient lighting equipment, LED materials, controllers, replacement lamps, LED related accessories, lighting equipment and other products, and renewable energy and solar architecture, intelligent lighting building solutions, is expected to attract from industrial areas, factories, government agencies, commercial buildings, project procurement side, hotels, apartments, universities, temples and religious sites and more than 5,000 professional visitors. 

 

According to reports, with the Thai government to promote energy-efficient lighting and sharp decline of the price of LED lighting, LED lighting demand increasing. According to statistics, in 2014 the Thai lighting market valued at $ 800 million, an increase of 12% compared to 2013. In the near future, the total value of Thailand's lighting market will be under the local government and the private sector to promote growth to 900 million to 1 billion U.S. dollars, is expected in the next five years, the annual growth rate will reach 30 percent, interior lighting and industrial construction become two important part of the LED lighting market in Thailand.