The 131st Canton Fair was online from April 15th to 24th at https://www.cantonfair.org.cn/en-US.

The Buyer Service Platform is for buyers to register or log in. To access the platform, go to https://www.cantonfair.org.cn/en-US/register/index.

• If you are a new buyer, you can register on the Buyer Service Platform. You will need to verify your email and enter some company and personal information.
• Regular buyers can verify your identity via Buyer Badge number & Name on your Badge, or verify via your identity document No. & your name on it. Then set the email address and password to log in. After that, they will set the email address and password to log in.
• You can also directly log in with the username and password of the Buyer E-Service Tool (BEST) or the Buyer Service Platform if you have those accounts (Visited the 127th/ 128th/129th/130th Session).

If you want to find information about exhibitors and products, please go to the “Exhibitors + Products” section of the official website. You can search by keywords for either exhibitors or products.

Attention: The following information is for the regular Canton Fair only!

The enormous size and scope of the Canton Fair is a biannual event for almost everything import and export with China. More than 25000 exhibitors come from all over the world to attend this twice-yearly market in Guangzhou that has been going on since 1957!

China Import and Export Complex, also name Guangzhou International Convention & Exhibition Center(Canton Fair Complex for short), the largest modernized exhibition center in Asia, is located in Pazhou Island, Guangzhou, China. It is a perfect integration of human and ecological concerns and high technology, sparkling the world like a shining star.

The complex covers a total construction area of 1,100,000 M² with an indoor exhibition area of 338,000 M² and an outdoor exhibition area of 43,600 M². Area A has an indoor exhibition area of 130,000 M² and an outdoor exhibition area of 30,000 M^{2. Area} B has an indoor exhibition area of 128,000 M² and an outdoor exhibition area of 13,600 M², and Area C has an indoor exhibition area of 80,000 M².

Address: No. 380, Yuejiang Zhong Road, Guangzhou, China

Source: www.cantonfair.net

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To do this, the proposals included in the SPI look to empower consumers to save energy, repair products, and make smart environmental choices when shopping for new products.

Of particular interest to the lighting industry is the SPI’s proposal for an Ecodesign for Sustainable Products Regulation (ESPR). This would repeal and replace the current Ecodesign Directive that our industry is by now very much familiar with. Like the Ecodesign Directive, details as to what is and is not sustainable will be decided at the product level.

The ESPR will, without a doubt, require even more from the lighting industry. In addition to the energy efficiency requirements of the current regulation, the ESPR will include specific requirements relating to life cycle, durability, use of recycled content, repairability, and raw material usage.

All these new sustainability requirements will be evaluated and introduced in product specific rules, also for lighting. Thanks to our industry’s wealth of experience with the Ecodesign Directive, and LightingEurope’s leadership on the file, we are well-positioned to shape the next generation of lighting requirements.

• A Crowded Landscape

But the ESPR is just the tip of the iceberg. There’s a whole slew of sustainability initiatives on the horizon, each of which will have a direct impact on the lighting industry.

Take for example the initiatives designed to empower consumers by preventing so-called ‘greenwashing’. Under these proposals, companies will not only be required to substantiate any claims relating to a product’s sustainability, they’ll have to do so using the methods set out in the Substantiating Green Claims initiative. Any claim that does not follow such methods will be deemed misleading and be subject to sanctions.

Other key initiatives include:

● Right to Repair: a series of measures that aim to foster a circular economy by ensuring that products can be repaired and not simply replaced.
● Construction Products Regulation: establishes harmonised rules on sustainability for construction products.
● EU Green Taxonomy: provide companies, investors, and policymakers with definitions for which economic activities can be considered environmentally sustainable and should be prioritised for financial investment and public contracts.
● EU Green Public Procurement (GPP): introduces green requirements in public tenders.
●  Corporate Governance Sustainability Reporting: establishes requirements for how companies report on their Environmental – Social – Governance (ESG) performance.

On top of these new initiatives, the European Commission is also expected to review and update such regulations as the Waste Framework Directive (WFD); Waste Electrical and Electronic Equipment (WEEE) Directive; Restriction of Hazardous Substances (RoHS) Directive; and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation.

• What the Lighting Industry Can Expect

What does all this mean for the lighting industry?

To start, companies will need to rethink how they design their products. In addition to being energy efficient and complying with the recently introduced quality parameters and labelling requirements, products will also need to be designed so that they are repairable and offer increased durability – both of which will require that necessary spare parts are available for several years. While the latter could open new revenue streams for OEMs, they must also be prepared to compete against other companies producing and selling these spare parts.

Recruiting and holding on to qualified staff experienced in sustainable product design and manufacturing will also become increasingly challenging. The EU regulatory drive on sustainability is directly impacting all sectors, from textile to electronics or cement, and all these companies are quickly trying to build up capacity internally to stay ahead of the regulatory trends and the market.

Sales may decrease, not only because products are more durable but also because their cost is very likely to increase. Customers will ultimately have to cover the cost of the additional investment needed to redesign products and processes, and regulators acknowledge this.

The amount of information that companies will be obliged to collect and make available will increase exponentially. LightingEurope expects that today’s Energy Label will evolve into a Sustainability Label that could also include a repairability score and a lifecycle assessment. Furthermore, as previously mentioned, companies must ensure that any and all sustainability claims can be fully substantiated with evidence.

Last but not least, we expect to see Digital Product Passports (DPP) used to report information for each single product – including every substance found in a product. Considering that many electronic products contain up to 4,000 different substances, DPP reporting requirements could end up being extremely cumbersome.

Source: LightingEurope

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• Global LED Lighting Market to Reach $73.2 Billion by 2026

The lighting market has experienced remarkable evolution over the past few decades, with technological advancements driving a shift from traditional energy-intensive incandescent bulbs toward energy-efficient Light Emitting Diodes (LED) technology. Strong adoption of the technology continues in residential, commercial and industrial applications. Declining costs of these lamps are additionally helping the technology to gain considerable traction, prompting businesses to upgrade to the technology. In the coming years, LED lights are anticipated to witness healthy growth as they become longer-lasting and more efficient. Growing consumer awareness on the importance of energy efficiency, coupled with the rising number of stringent government regulations regarding less-efficient lighting sources are also anticipated to augment market growth in the coming years. Several governments across the world are promoting LED lights adoption in a big way as they can reduce the consumption of electricity for lighting by half, which can be a significant solution to the problem of climate change. Moreover, technological developments and innovations, along with introduction of new product designs by LED light manufacturers are likely to boost growth in the market. Smart LED lighting is expected to be critical for IoT in the future. Smart lighting is considered as the gateway for IoT revolution as LEDs can directly connect with software and sensors, allowing control via AI, smartphone or even simple gestures. Rapid penetration is projected for intelligent LED lighting in residential indoor lighting, security lighting, commercial lighting, lighting of public spaces, energy-efficient lighting in commercial and residential spaces, human-centric lighting at offices, homes and also healthcare facilities, and horticulture lighting, among others.

Amid the COVID-19 crisis, the global market for LED Lighting estimated at US$55.4 Billion in the year 2022, is projected to reach a revised size of US$73.2 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Lamps, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$29.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Luminaires segment is readjusted to a revised 4.9% CAGR for the next 7-year period. LED luminaires held the largest revenue share, owing to their higher cost as well as widespread usage in various industrial and commercial lighting applications, such as suspended pendants, troffers, track lights, downlights, high bays, and streetlights. The market growth of LED lamps is expected to be primarily attributed to their rising consumption in developing countries owing to their various benefits, including energy efficiency, robustness, and good temporal stability.

• The U.S. Market is Estimated at $8.9 Billion in 2022, While China is Forecast to Reach $13 Billion by 2026

The LED Lighting market in the U.S. is estimated at US$8.9 Billion in the year 2022. China, the world’s second-largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR. Emerging markets are expected to drive future growth in the LED Lighting market. The unpenetrated and underpenetrated markets of Asia-Pacific and Latin America offer huge market growth potential supported by the rapid rise in construction, large scale infrastructure development, unpenetrated and underpenetrated nature of the markets, rapid urbanization, expanding middle class and their rising affluence, and growing demand for premium LED lighting solutions.

Source: Global Industry Analysts, Inc.

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• 2022 LED Lighting Market Trend and Outlook

Regarding analysis on the market by product type, the demand for lamps and luminaires will grow in 2022. In the long run, however, that for LED lamps will slow down mainly due to decreased replacement demand and consumers’ increasing preference for luminaire products. The 2020-2022 CAGR for lamps and luminaires will be 8.5% and 12.0%, respectively.

Regarding product applications, in the coming years, lighting products will be engineered with various sensors and communication sensors, plus increased connected lighting penetration rate. Moreover, the demand for energy-saving LED modification will soar as the global community is striving for net-zero emissions. Therefore, applications for commercial, residential, outdoor, and industrial lighting will create opportunities for further market growth.

• Global Lighting Market Policy and Regulation Analysis

TrendForce indicated that LED-related policies and regulations have become stricter following lighting technology innovation and changes in market demand.

CRI & R9: Quality of color reproduction is a crucial consideration for LED lighting applications. particularly those of commercial (retail, art exhibition, and photography), special (healthcare and printing), and high-end residential lighting products. Regionally speaking, the EU has been promoting the ErP new energy label, imposing much stricter requirements of the CRI and energy efficiency. In North America, DLC V5.1 will focus on three areas, namely light quality (performance and health), light controllability, and luminous efficacy. In China, policies proposed in 2022 will emphasize health impact of educational lighting products, where luminaires requesting assessment of blue light hazard to the retina are regulated by the strictest safety standard. Therefore, the demand for low blue light lighting will give rise to stable development for the human-centric lighting market.

• 2020-2021(E) LED Lighting Suppliers Revenues Performance

As TrendForce’s latest analysis reveals, lighting market demand gradually recovered globally in 2021, along with increased prices of lighting products and their development trends of all-in-one luminaires and system smartification, thus lighting manufacturers are expected to see an increase of 3%-13% in revenues for 2021. Most of them, to identify customers’ needs and habits, have applied connected control technologies to create healthy, safe, and humanized lighting experiences, which will serve as a driving force behind the revenue growth.

Source: TrendForce

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“The short-term rate will rise a little in air and ocean freight, the long-term rate will probably remain at the 2021 level,” Tim Scharwath told Reuters.

“In air freight, the rate might even go up a little bit more in the short term, there is even tighter capacity there.”

The COVID-19 pandemic has severely disrupted global supply chains, slowing flows of raw materials, parts and consumer goods.

Shortages of freight capacity – both ocean and air – have pushed up shipping costs globally, with the pandemic also extending port waiting times due to labour shortages and traffic disruptions.

U.S. rival FedEx Corp (FDX.N) warned this month that rising cases of the Omicron coronavirus variant has caused staff shortages and delays in shipments transported on aircraft.

“In sea freight, we will not return to the rates we had before the coronavirus crisis,” Scharwath said.

“If you want to sell a stool for 10 euros from China, then this can become a problem due to the transport costs,” he said. “This will also force a review of some business models.”

Scharwath recommended that customers sign contracts for two to three years to hedge against future price rises: “You buy stability through long-term commitment.”

The DHL freight unit expects the high rates to continue to buoy profits in 2022: “Our goal is to keep the operating result at least at the high level we had in the first nine months of 2021,” Scharwath said.

The division, which employs more than 42,000 people and was once the group’s problem child, has become a profit generator under Scharwath’s direction.

He wants to keep the operating margin above 5.5% by 2025. The unit recorded a margin of 5.7% in the first nine months of 2021.

DHL says its freight division is the market leader in the air freight market ahead of Kuehne+Nagel (KNIN.S), and number two in sea freight among logistics firms behind that company.

Source: Reuters

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Prices rose as much as 3.3% to $3,236 a ton on the London Metal Exchange, surpassing a peak in October to reach the highest since 2008. Aluminum is the best performer on the LME this year, and the next target for bullish investors who’ve been drawn into the rapidly tightening market is an all-time high above $3,380.

Key raw materials from nickel to crude oil have surged in recent months as consumption has risen sharply with the world emerging from the pandemic while supply hasn’t kept up, stoking inflation concerns. Goldman Sachs Group Inc. raised its 12-month target on aluminum to a record $4,000 a ton, citing supply disruptions stemming from power rationing in China and Europe at a time of “exceptional” developed-market demand.

“Aluminum markets are facing a melt-up in prices this year, driven by simultaneous deficits in both China and ex-China drawing on already low stock of inventory,” Goldman analysts including Nicholas Snowdon and Jeffrey Currie said in a note.

The global aluminum market is in the widest backwardation since 2018, and prices have risen 13% in London this year.

With smelters in Europe battling an energy crisis and Chinese supply at risk from a burgeoning Covid outbreak, buyers are drawing rapidly from stockpiles and pushing them to critically low levels.

“A key attribute of physical scarcity is that it has a propensity to spread, creating additional volatility in prices throughout the economy,” the Goldman analysts said in the emailed note.

The Bloomberg Commodity Spot Index, which tracks energy, metals and crop prices, climbed to its highest ever this month, and has more than doubled from a four-year low reached early in the pandemic.

Aluminum rose 1.6% to settle at $3,183 a ton at 5:53 p.m. on the LME. Other main LME metals were mixed, with copper little changed and nickel falling.

“It’s a perfect storm for aluminum right now, with the European energy crisis and the situation in China still restricting supply,” said Wenyu Yao, senior commodities strategist at ING Bank. Some investors have been long aluminum while shorting copper, according to Yao.

Source: Bloomberg

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Transportation and logistics providers are seeking big boosts in prices for contracts for the coming year, signaling that the inflationary pressure driven by strong demand and tight capacity in freight markets is likely to persist.

With high shipping demand still far outweighing tight capacity across the freight sector, industry experts say transport operators have the leverage to raise prices when negotiating new contracts. Ocean-shipping executives say they expect the rates set in many annual contracts will double compared with agreements struck earlier this year, before supply-chain bottlenecks squeezed capacity. Some trucking companies project double-digit growth in contract rates for 2022.

Prices have been rising across the freight sector, including in parcel delivery, trucking, ocean shipping and warehousing. Most freight-transportation contracts are negotiated annually, although many large shippers may have multiyear agreements with a variety of carriers.

“I think folks are a little shell-shocked at the moment,” said Todd Bulmash, a logistics executive and board member at the Council of Supply Chain Management Professionals. “They’re preparing for the worst.”

Pricing in most freight transport and logistics markets generally slides between largely stable long-term contract rates and spot-market pricing that is more sensitive to shifts in demand and the availability of capacity. Prices in spot markets for ocean shipping, trucking and other logistics services have escalated sharply this year.

Overall, domestic shipping rates for moving goods by road and rail in the U.S. are up about 23% this year from 2020, according to Cass Information Systems Inc., which handles freight payments for companies.

A separate measure in the Logistics Managers’ Index that tracks overall logistics prices, including transportation, warehousing and inventory prices, reached a record in November, up 3.4% from October and a 14% increase year-over-year. The index was launched in 2016.

Trucking companies and other logistics firms note their own higher costs, including rising salaries as they have sought workers in a tight labor market.

“As long as we have underlying inflation across the economy, you’re going to see that inflation reflected in the cost of goods and services to include trucking,” said Derek Leathers, chief executive of Omaha, Neb.-based truckload carrier Werner Enterprises Inc.

Mr. Leathers, who said contract rates could rise by high single-digit to mid-double-digit percentages in 2022, expects price increases to moderate as transportation demand eases and companies finish replenishing depleted inventories. However, he said, “We don’t foresee that until 2023. All of 2022 we view as a capacity-constrained market with inflationary pressure and with significant equipment disruptions.”

The parcel-shipping prices that are closest to consumers are rising at the fastest pace in nearly a decade as pandemic-driven demand shifts pricing power to carriers that deliver packages to homes and businesses. Delivery giants FedEx Corp. and United Parcel Service Inc. both said rates would go up an average of 5.9% next year across most services, the first time in eight years that either company had annual increases above 4.9%.

Prices to ship sea containers are likely to reach records under annual contracts that are usually negotiated early in the year for the peak shipping season, according to Xeneta, a Norway-based transportation data and procurement specialist.

Xeneta said the spot price to ship a 40-foot container from Shanghai to Los Angeles earlier this month was 75% higher than the same time last year. Carriers “go into contract negotiations right now holding the lion’s share of the aces,” said Peter Sand, Xeneta’s chief analyst.

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LED or light emitting diodes are semiconductor devices that emit light, when an electric current passes through it, as the light carrying particles combine together. LED lights provide an energy efficient lighting solution compared to incandescent lights, offering 25 times longer durability with use of 75% less energy. Additionally, LED lights emit light in one direction, thus, reducing the requirement of reflectors and diffusers, while also decreasing the heat produced. These lights find increased application in bulbs and fixtures for general lighting purposes and come in a variety of colours and designs.

The LED lighting industry is being driven by the growing environmental awareness worldwide. This can be associated with the rising pollution levels globally and the increased demand for energy efficient solutions. Additionally, the low operating costs and reduced heat losses are also expected to add to the overall popularity of LED lighting solutions. Moreover, the rising investment in the construction industry for the development of green building infrastructure is also anticipated to propel the demand for LED light bulbs in the forecast period.

Furthermore, the heightened product availability, improved manufacturing efficiency, and reduced cost are also estimated to aid the industry. In the coming years, the rapid technological advancements are projected to add to the market growth, with the development of safer, durable, and long lasting lighting solutions. These factors are expected to positively impact the global LED lighting industry.

For more LED industry news, please visit WELLMAX‘s official website: www.wellmaxgroup.com

Source: research and markets

The post Global LED Lighting Industry Trends and Growth Forecast 2022-2027 appeared first on Wellmax.

The Europe LED lighting industry market is also expected to depict an appreciable momentum owing to a number of government policies that aim to accomplish the European Union’s ambitious 2030 carbon emissions target.

• Europe LED lighting market | Impact of declining LED lamp prices

Highly efficient LED lights that facilitate quality lighting with lower energy costs and fewer environmental impacts have historically come at significantly higher prices. However, over time, the overall costs of energy lamps have significantly declined owing to increased market demands, government regulations and technological innovations.

According to a recent study by Danish Energy Agency, CLASP and Energy Piano, the price of LED lamps from high-quality suppliers in Europe are steadily declining and significantly improving in efficiency at a much quicker rate than previously predicted. The study found that the price points of LEDs presently are about 5 to 11 years ahead of the expert forecasts. In fact, LED lightings in Europe have become so affordable that some LEDs are expected to pay back for themselves in terms of energy cost savings in as little time as a year, which would further propel Europe LED lighting industry in the forthcoming years.

• Europe LED lighting market | EU ban on halogen lamps

The EU’s step to embrace and promote energy-efficient lighting across a plethora of different industrial & commercial sectors by imposing a continent-wide ban on the sale of conventional non-directional halogen lamps on the 1st of September 2018 is projected to accelerate the adoption of LED lighting in the region, thereby boosting Europe LED lighting market size exponentially. The latest policy is expected to prompt consumers to gradually phase out their inefficient, old and obsolete halogen lamps and replace them with the latest LED lamps.

According to a report by the European Commission, switching to LED lamps from an average halogen lamp would save consumers approximately EUR115 over the entire lifetime of the LED, which is at least 20 years. Moreover, the switch would be bringing annual energy savings to about 48.0 TWh of electricity and save over 15.2 million tons of CO2 emissions by 2025, thereby significantly driving the growth prospects of the Europe LED lighting market.

• Europe LED lighting market | Smart city initiatives

The Europe LED lighting market is also fueled by new installations where consumers, spurred by greater energy cost savings, are replacing their conventional lighting solutions. Indeed, new installations, which accounted for a revenue share of approximately 65% of the industry share according to a 2017 estimate, would be witnessing sizable gains over 2018-2024, attributed to the EU’s ban on the distribution & sale of conventional one-directional halogen lamps.

Smart city initiatives being adopted by the governments across the continent would also be responsible for influencing the regional LED lighting sales further. The Europe LED lighting industry is expected to traverse alongside a highly lucrative path, powered by the escalating incorporation of smart lighting solutions across a plethora of outdoor and indoor spaces.

• Europe LED lighting market | Surging product demand from commercial applications

The rising rate at which LED lightings are being incorporated across commercial buildings & offices, hospitality centers and healthcare facilities throughout the continent will ensure that Europe LED lighting market would most certainly depict an appreciable growth rate in the years ahead. The application of LED lights in commercial applications is gaining considerable prominence due to the modern and stylish aesthetics the systems bring with them.

In commercial setups such as banks & offices, LED lights facilitate an improved working environment for the employees. Moreover, the added advantage of enhanced energy cost savings offered by LED lights would be responsible for the system’s incorporation across the commercial sector, driving the growth of the Europe LED lighting industry.

Attributed to the most prominent trends mentioned herewith, it is rather overt that the Europe LED lighting industry is well positioned to acquire sizable gains in the years to come. The projection is further supported by a report from Global Market Insights, Inc., claiming that the Europe LED lighting market size will exceed a valuation of more than $30 billion by 2024.

For more LED industry news, please visit WELLMAX‘s official website: www.wellmaxgroup.com

Source: Global Market Insights

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The lighting market in Saudi Arabia has witnessed a significant decline in sales owing to the stringent lockdowns, which led to the postponement of commercial and industrial projects in the country, during the COVID-19 outbreak. The logistics-based challenges in the COVID era and disruption in the supply of electrical components from China severely affected the market growth in 2020. Moreover, the low availability of raw materials for manufacturing light casings and chips has affected the supply of lighting products. However, the industry is recovering in 2021, and it would show a significant rise in sales from 2020.

• Fixtures Accounted for Dominating Share due to Their Low Maintenance Cost

The fixture category accounted for the larger volume and revenue shares in the Saudi Arabian lighting market, based on component, in 2020. This was because of the improving performance, and low maintenance cost Moreover, fixtures are an ideal solution for any business looking to cut costs and increase profits.

• Wireless Technology is Expected to Witness Faster Growth as It Enables Space Customization

The wireless category is expected to witness faster growth during the forecast period, based on technology. This was due to the fact that the use of wires is completely eliminated with such lights. Sensors, lights, and a central control unit communicate with the rest of the system. This facilitates the easy installation, addition, and removal of lighting units from the system. With a wireless lighting control system, users can strategically position their lights to save more energy and money, as a wireless lighting system can support a greater range of distance than a wired one.

• Residential Category Dominated Market due to People’s Growing Disposable Income

The residential category accounted for the largest share, both in terms of value and volume, in Saudi Arabia lighting market in 2020, based on application. This was because Saudi Arabia has been experiencing relatively strong consumer income growth since the last decade, as the government continues to encourage the private sector. According to the Saudi Arabian Monetary Agency, consumer spending in Saudi Arabia increased from $66,895.9 million in 2015 to $80,120.5 million in 2020. The steady economic growth is expected to drive the spending on discretionary goods and services, such as advanced residential lights.

• Integration of Voice Control Features and Adoption of Smart Lighting Systems Are Key Trends

Voice-activated products, such as Amazon’s voice-controlled Echo speaker and Apple’s upcoming HomeKit software, facilitate voice interactions with smart home devices. For instance, Apple’s upcoming HomeKit enables consumers to control devices, such as locks and lights. Additionally, Saudi Arabia ambitions to rapidly increase the adoption of smart homes, which is further supporting the trend of voice control features in lighting systems, and thus, leading to significant growth in the market for lighting in Saudi Arabia.

Rising Adoption of LEDs Is Driving Market Growth

The consumption of electricity is predicted to significantly increase by more than 50% in the next 20 to 25 years, which is already driving the energy-efficient Saudi Arabian lighting market. According to the International Energy Agency (IEA), smart lighting systems can save up to 35% of the energy compared to conventional lighting systems. Lighting consumes most of the electricity in the residential, commercial, and industrial sectors. Lighting accounts for 15% of the total electricity consumption and 5% of the total greenhouse gas emissions in the country, which is why LEDs are being adopted to reduce both.

Source: psmarketresearch

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