LED Expo Thailand 2017 promises lucrative business opportunities
LED lighting in Southeast Asia has strongly developed in recent years, and has gradually strengthened to replace traditional lighting. Although under the influences of the overall economic environment in 2015, growth slowed down, but it is expected that along with policy incentives and increase of replacement demand, LED lighting penetration rate and import scale of Southeast Asia will continue to increase in the next few years, turning it as a major hub for manufacturers across the globe exporting LED lighting products.
To witness all this and many more, LED Expo Thailand 2017 is the best place to be a part thereof. Focusing on LED lighting products & technology, the Show is dedicated to science, technology and applications of the solid state lighting i.e. LEDs. It aims to accelerate the growth of the LED lighting markets in the Southeast Asian region by providing a dynamic hub for LED/lighting companies to congregate, promote, discuss, transact, partner and gain insights on neighboring LED markets at a niche level.
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 $1 trillion.
Over the last four years, LED Expo Thailand has proved its mettle as why it is a vital initiative towards energy conservation and a green environment by the host organization- Electricity Generating Authority of Thailand (EGAT) and the show organizers- IMPACT Exhibition Management Co., Ltd. and MEX Exhibitions Pvt. Ltd. This year in addition to EGAT, The Ministry of Energy is also a host organisation to the show additionally being supported by the Federation of Thai Industries. Acting as a prelude to the show every year, a series of roadshows are held all over Southeast Asia in an attempt to engage regional LED lighting sectors and promote energy efficiency & investment opportunities in those respective countries.
There’s no denial to the fact that as Thailand continues to implement its new energy framework that’s stable, sustainable and affordable; opportunities for LED lighting products & components’ manufacturers as well as suppliers would be getting unfolded in abundance. According to statistics, the Thailand lighting market valued at US$ 800 million, in 2014, up 12% compared to 2013. The country’s LED industry is estimated to grow over 30% in the next five years with indoor and construction applications consisting two major components of the country’s LED lighting industry