According to the local electric power bureau of Thailand, 80% of Thai lighting products need to be imported. The government has strongly supported the selection of energy-saving products in recent years. Thailand's huge market potential and increasingly strong purchasing power will bring business opportunities to Chinese companies.
The first Thailand International Lighting Exhibition is expected to bring together 250 exhibitors to fully display lighting, high-efficiency lighting equipment, LED raw materials, controllers, replacement lamps, LED-related accessories, equipment and other lighting products and renewable energy and solar energy buildings, intelligent lighting construction Solutions, etc., are expected to attract more than 5,000 professional visitors from industrial areas, factories, government agencies, commercial buildings, project purchasers, hotels, apartments, universities, temples and places of worship.
According to reports, with the Thai government's vigorous promotion of energy-saving lighting and the sharp decline in the price of LED lighting, LED lighting demand is increasing. According to statistics, the total value of the Thai lighting market in 2014 reached 800 million US dollars, an increase of 12% over 2013. In the near future, the total value of the Thai lighting market will grow to between US$900 million and US$1 billion, driven by local governments and private companies. It is expected that the annual growth rate will reach 30% in the next five years, and indoor lighting and industrial construction will become Two important components of the Thai LED lighting market.
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