The battery operated lights market is expected to see significant growth, with a projected Compound Annual Growth Rate (CAGR) of 10.3% throughout the forecast period. Starting from a valuation of US$ 101.5 billion in 2021, it is anticipated to reach a value of US$ 300 billion by the year 2032.
Key Dynamics to the Battery Operated Lights Market Share
- The demand for battery-operated lights is rising due to the increasing popularity of portable lighting solutions.
- Energy efficiency is another significant factor driving the demand for battery-operated lights in the market.
- Advancements in the lighting sector, particularly in intelligent lighting and LED technology, are directly influencing the demand for battery-operated lights.
- Battery-operated lights are gaining popularity in the market due to their energy efficiency and competitive pricing.
- Manufacturers are introducing new models of battery-operated lights with innovative features such as active heat protection, flicker-free smooth dimming, and enhanced optical systems to meet consumer preferences and demands.
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Battery Operated Lights Market: Overview
Battery operated lights are the efficient option of lighting that do not need direct wiring. Battery operated lights often considered as energy efficient lights with simple installation and set-up process. These lights can be used inside home to illuminate or can be used in stairs or outside area of the house.
There is also significant usage can be seen in commercial places or shops. These lights are portable, easy to install at any place which is the primary reason for its popularity. Battery operated lights also used as permanent and temporary lighting. Some battery operated lights which are fixed or mounted on wall or ceiling are permanent and lights are used as seasonal or festive lights which are temporary lights.
The demand for battery operated lights are growing due to its energy efficiency, portability and easy installation. Technological advancement in lighting sector also helps in demand generation for battery operated lights. These lights can be used in home, office, car, camper etc.
LED lights?are primarily used in most cases for battery operated lights. The wireless battery operated lights are now in trend and attracts the attention of consumers in the lighting category. Growing demand for wireless technology has also give a boost to the wireless battery operated light segment.
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Battery Operated Lights Market: Regional Outlook
- The battery operated lights market is expected to perform a steady growth across all the geographies during the forecast period. Use in residential and commercial segments are likely to push the sales of battery operated lights market. Moreover, availability on e-commerce sites also drive the sale of battery operated lights.
- North America and Europe holds a significant share of battery operated lights market due to better technology infrastructure, growing awareness about energy efficiency, government’s initiative and incentive schemes drive the battery operated lights market in developed regions. Government’s offer on incentives and rebate scheme on replacement of traditional lamps with LED products further boost the battery operated lights market.
- The federal government of United Sates offers this number of incentives and government rebates while Europe has also taken initiative as Europe 2020 plan as European Union’s energy policy. Emerging countries such as China, India have larger population in comparison to other countries. China’s Elcoma visison 2020 and India’s UJALA scheme are the initiatives taken in this way. These initiatives or approaches to promote LED lighting further boost the battery operated lights market.
Battery Operated Lights Market: Key Players
Some of the key players operating in the global battery operated lights market Philips, General Electric, QTOP USA, MR Beams, BelloLite, American Lighting, Inc., Lighting EVER (Home EVER Inc.), S4Lights, and Others
Recent developments of the Battery Operated Lights Market
- Hubbell Control Solutions announced the release of the NX Distributed Intelligence Lighting Control Panel (NXP2 Series) in March 2021, which centralises connection points in an enclosure and provides an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.
- Hubbell Lighting established a cooperation with LightAZ, a luminaire manufacturing firm based in Illinois, in March 2021.
- Leviton unveiled a new range of Decora Motion Sensors in March 2021, with better detection capabilities for precise switching, to give users with optimal lighting and motor load control.
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Key Segmentations
The battery operated lights market is segmented into different parts based on the technology, product price, end use, and sales channel.
On the basis of technology
- Fluorescent
- Incandescent
- LED
On the basis of pricing
- High Range
- Mid-Range
- Economical
Based on end use
- Residential
- Commercial
On the basis of the sales channel
- Direct
- Indirect
- Hypermarket/Supermarket
- Specialty Stores
- Independent Small Stores
- Multi-Brand Stores
- Online\
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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