Why Participate

7

Reasons to participate in the 6th Dhaka Int’l Lighting Expo 2024

7 Reasons to participate in the 6th Dhaka Int’l Lighting Expo 2024

  1. According to a report titled “Marketing Strategy for Emerging LED Product in Lighting Industry of Bangladesh,” LED lights dominated 29 per cent market of the bulb sector in 2016, and in the year 2022 this more than doubled to 60%.
  2. In 2022 more than 60 per cent of the country’s LED bulbs market, which is estimated at nearly Tk 4,000 crore –Tk 5,000 crore, is already gobbled up by LEDs. They claimed that Bangladesh has a huge demand of nearly 8-9 crore units of electric bulbs per year.
  3. 6th Dhaka Int’l Lighting Expo 2024 is the Oldest & Biggest of its kind serving the Lighting Industry of Bangladesh for multiple years now and gaining popularity in the Business Realm.
  4. The Government of Bangladesh has announced an investment of Tk100 crore through government-funded venture capital – Startup Bangladesh Limited – which includes many SME Light Manufacturing Companies.
  5. In the 2021-22 fiscal year, the sector saw a significant year-on-year growth of 50.4% to $796 Million from $529 Million in the 2019-2020 fiscal, which was also when the government declared light engineering goods as "Product of the Year." According to a report by Grand View Research, the global LED lighting market size was worth USD 70.94 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030.
  6. Despite the Global Economic Challenges, the Light Sector of Bangladesh exported $529 million in Fiscal Year 2021 – a big jump from $292.92 million which was during the 2020 pandemic Fiscal Year.
  7. Participate in 6th Dhaka Int’l Lighting Expo Show 2024. Meet and connect with the top light manufacturers through the Expo.
Do not miss your chance to focus on the highly potential Bangladesh market.

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