The lighting market is currently enjoying a period of relative stability, according to an HKTDC survey of 444 exhibitors and buyers conducted onsite during the Spring edition of the 2025 HKTDC Smart Lighting Expo and Hong Kong International Lighting Fair (6-8 April). Overall, the survey found that, across the industry, most respondents were broadly positive with regard to future market prospects and expected overall sales levels to rise over the course of the next two years. Such optimism notwithstanding, there was also a general awareness that global economic fluctuations, the increasingly keen competition within the industry and the impact of inflation could temper any growth in lighting sales.

Hong Kong exports a wide range of lighting products, including table, bedside, floor-standing, and portable lamps. Other major products include wall and ceiling lighting, chandeliers, and lighting fittings, as well as decorative items like Christmas tree lighting sets and lamp shades. In 2024, Hong Kong's total lighting product exports rose by 3.5%. The major export markets were the United States, the EU and mainland China.

Six government departments, including the Ministry of Commerce, unveiled on 27 January a policy regarding home renovations, and kitchen and bathroom makeovers, and pledged to support local governments in delivering it. The policy will focus on green development, smart applications and elderly-friendly transformation. Individuals will be given support in undertaking renovations to old buildings, and partial improvements to kitchens and bathrooms. Subsidies will mainly be given towards five major categories of products: furnishing materials; sanitaryware; furniture and lighting; home automation; and elderly-friendly transformation materials. Subsidies may amount to 30% of the actual sales value. The principle of territoriality will be implemented and online and offline business entities will be given the same treatment in the granting of subsidies. Business entities operating under different ownership systems, in different places of registration, and on different scales, will all have an opportunity to participate in the programme.

The future of the lighting market is characterised by optimism, though uncertainty in the global economy, fluctuating exchange rates, and the impact of inflation and protectionism could temper overall growth in 2025, according to the latest HKTDC survey. Some 710 exhibitors and buyers at the autumn edition of the 2024 HKTDC Hong Kong International Lighting Fair and the Hong Kong International Outdoor and Tech Light Expo took part in the survey in October, with respondents generally optimistic about market prospects.