NEW YORK, Aug. 16, 2022 /PRNewswire/ -- The "Battery-Operated Lights Market by Application (Commercial and Residential) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the battery-operated lights market size between 2021 and 2026 is USD 32.62 bn. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Key Market Dynamics:
Market Driver: The growing online sales of battery-operated lights are driving the growth of the market. Vendors have gained the potential to earn more profits with the growth of the global e-commerce industry. The products offered on e-commerce platforms are less expensive than those sold in physical stores owing to the reduction in overhead costs. Vendors such as Koninklijke Philips NV, Hubbell Inc., Ring LLC, and General Electric Co. sell battery-operated lights through e-retailing websites. This helps in promoting and enhancing their brands. Online shopping portals such as JD.com, Amazon.com, and eBay have advanced security features and customer-friendly website designs. Hence, various vendors are focusing on the Internet-savvy customer segment and exploring new online retail formats. These factors will drive the growth of the global battery-operated lights market.
Market Challenge: Governments plan to phase out incandescent and battery-operated fluorescent lights, which will challenge the market during the forecast period. Lighting applications account for more than 25% of the global energy consumption. Hence, governments are focusing on implementing policies to promote the use of energy-efficient LED lighting products, such as LED battery-operated lights. They have announced new schemes and policies that are aimed at phasing out incandescent and fluorescent lights. Such initiatives can reduce the production of incandescent and fluorescent battery-operated lights and, in turn, hamper the growth of the global battery-operated lights market.
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The battery-operated lights market report is segmented by application (commercial and residential) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). North America will be the leading region with 36% of the market's growth during the forecast period. The US is the key market for battery-operated lights in the region.
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The battery-operated lights market is fragmented. Vendors are deploying growth strategies such as investing heavily in developing new and innovative battery-operated lights to compete in the market. The market is highly competitive, with the presence of a few dominant players and other prominent regional players. Vendors are investing heavily in developing new and innovative battery-operated lights. Each player has a different marketing strategy to survive in this competitive environment. Some of the marketing strategies to attract consumers and increase market share include the development of innovative products, strong distribution channels, unique packaging, and investments in strong promotional activities. The highly competitive nature of the market vendors is expected to intensify the competition in the global battery-operated lights market.
Some Companies Mentioned
Acuity Brands Inc.
Astera LED Technology GmbH
Bayco Products Inc.
Eaton Corp. Plc
Emerson Electric Co.
General Electric Co.
Hafele SE and Co KG
Koninklijke Philips NV
Larson Electronics LLC
Neo Neon Holdong Ltd.
Orient Electric Ltd
Prism Lighting Group
Schneider Electric SE
The Glow Company UK Ltd.
VIGNAL ABL USA
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now to access exclusive information
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Battery-Operated Lights Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.9%
Market growth 2022-2026
USD 32.62 billion
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 36%
Key consumer countries
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Acuity Brands Inc., Astera LED Technology GmbH, Bayco Products Inc., BelloLite, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hafele SE and Co KG, Hubbell Inc., Koninklijke Philips NV, Larson Electronics LLC, Legrand SA, Neo Neon Holdong Ltd., Orient Electric Ltd, Patlite Corp., Prism Lighting Group, Ring LLC, Schneider Electric SE, The Glow Company UK Ltd., and VIGNAL ABL USA
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Application
5.1 Market segments
5.2 Comparison by Application
5.3 Commercial - Market size and forecast 2021-2026
5.4 Residential - Market size and forecast 2021-2026
5.5 Market opportunity by Application
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 Germany - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 China - Market size and forecast 2021-2026
7.12 Japan - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.4 Eaton Corp. Plc
10.5 Emerson Electric Co.
10.6 General Electric Co.
10.7 Hubbell Inc.
10.8 Koninklijke Philips NV
10.9 Legrand SA
10.10 Neo Neon Holdong Ltd.
10.11 Ring LLC
10.12 Schneider Electric SE
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
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