Battery-Operated Lights Market (2023 to 2029) – Growth, Trends, COVID-19 Impact and Forecasts

Global Battery-Operated Lights Market was valued at US$ 113.2 Bn. in 2022. The Global Battery-Operated Lights Market size is estimated to grow at a CAGR of 10.6 % over the forecast period.
Battery-Operated Lights Market Overview:
The report explores the Battery-Operated Lights market's segments (Distribution Channel, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Battery-Operated Lights market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Battery-Operated Lights market's contemporary competitive scenario.

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2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Battery-Operated Lights Market Dynamics:
Portable lights are becoming increasingly popular and energy-efficient, as well as technological advancements in the lighting industry; Battery-operated lights are on the rise. Two contemporary lighting industry innovations that directly affect the demand for Battery-operated lights are intelligent lighting and LED technology. In the lighting market, Battery-operated lights are becoming increasingly popular due to their energy efficiency and competitive price. Varieties of Battery-operated lights are currently being released with new features, such as active heat protection, flicker-free smooth dimming, and enhanced optics. Batteries-operated lights have been enhanced with many technological elements, such as sensors, remote functions, phone connections, timers, dual functions, waterproofing, and others. These add convenience, convenience, and display value to the lighting system.

Limited awareness of emergency lighting systems is a key obstacle to the growth of the market in emerging economies. People in emerging economies like China and India are more likely to prefer cheaper alternatives, such as emergency lights, because they have relatively low maintenance costs. The wide use of traditional lights and the high repairing cost of Batteries may also restrain the market growth.

There has been an increase in demand for wireless Battery-operated lights, which are popular with customers and are attracting the lighting market. The wireless Battery-operated light industry is thriving due to the growing interest in wireless technology. There is a big demand for Battery-operated lights, which means manufacturers of these lights have a big platform from which to supply that demand. This is increasing competition for Battery-operated lights worldwide. As competition grows, new competitors are offering a wider range of choices at reasonable prices, addressing customers' need for more affordable Battery-operated lights.

Impact of COVID-19:

Due to lockdown and shut down in many countries, manufacturers bear huge losses, and due to less manpower, also it affected the Battery-operated lights market. They faced problems in export-import of raw materials and in the supply chain of the product by which their sales got decreased in the Battery-operated lights market.
Battery-Operated Lights Market Trends:
LED lights are widely used in many applications including house, organization, market, malls, etc. and it is available in different sizes and shapes. Due to the daily usage of lighting systems and the increase in the price of electricity, Battery-operated lights have become increasingly popular. It is designed to provide convenient illumination and safety when using the product. It can be attached anywhere and can remove easily whenever required. A number of different types of lighting systems have been launched by major manufacturers which can be used permanently or occasionally with improved Batteries and safety systems.
Battery-Operated Lights Market Segment Analysis:
Based on Distribution Channel, the Battery-Operated Lights Market is segmented into Online and Offline. Offline lighting segment may not be affected by the ‘touch and feel factor’ connected with direct buying. In offline, there are various options and people believe that while purchasing lights, they can inspect physically by which online distribution channel still not affect that much the offline distribution channel. In online, it creates confusion in two similar products which may have the same features but different brand and there is no one in online to instruct individuals what to choose and why.Based on Application, the Battery-Operated Lights Market is segmented into Residential and Commercial. Commercial lighting segment is driving the application segment. LEDs directional nature and high efficiency makes it ideal for many industries. It is used in street lights, parking, garage, and in many outdoor areas. In residential, it is simple to install you do not need any technician to fix it. It can be use anywhere either in kitchen, drawing room, etc. and easily u can remove it.
Regional Insights:
The North America region held the largest market share accounting for 37% in 2022. The North American market for Battery-operated lights is dominated by government initiatives, increased awareness about energy efficiency, and government incentives. The government's program for replacing traditional lights with LEDs has boosted the sales of Battery-operated lights even further. This amount of incentives and rebates is provided by the federal government.

The Asia Pacific region is expected to witness significant growth in the forecast period. India and China have a large population in worldwide due to which purchasing power increases in these countries which are forecasted to boost the growth of establishments and real estate sectors. Accordingly, the growing population of this area and the expanding construction industry will increase the demand for emergency lighting Batteries in this region. Online sales are tracking rapidly in this region, offering lots of growth and untapped opportunities. Players will therefore pay close attention to the region through the forecast period.

The objective of the report is to present a comprehensive analysis of the global Battery-Operated Lights Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Battery-Operated Lights Market dynamic, and structure by analyzing the market segments and projecting the Battery-Operated Lights Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Battery-Operated Lights Market make the report investor’s guide.
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Battery-Operated Lights Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 113.2 Bn.


Forecast Period 2023 to 2029 CAGR:
10.6%
Market Size in 2029:
US$ 229.2 Bn.


 Segments Covered:
by Distribution Channel
Online
Offline


by Application
Residential
Commercial



Battery-Operated Lights Market by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Battery-Operated Lights Market Key Players:
1. Philips
2. Mr Beams
3. BelloLite
4. Eaton Corporation
5. Legrand S.A.
6. Hubbell Lighting Inc.
7. General Electric
8. Schneider Electric SE
9. Emerson Electric
10. OTOP USA Inc.
11. American Lighting Inc.

Frequently Asked Questions:

1. What is the study period of the market?
Ans. The market is studied from 2022-2029.

2. What is the growth rate of Battery-Operated Lights Market?
Ans. The Global market is growing at a CAGR of 10.6% over the forecast period.

3. Which region has largest share in The Global Battery-Operated Lights Market?
Ans. North America holds the largest share.

4. What is the Global Battery-Operated Lights Market segment based on Distribution Channel?
Ans. Based on Distribution Channel, The market is divided into Online and Offline.

5. Who are the key players in the Global Battery-Operated Lights Market?
Ans, Philips, Mr Beams, BelloLiite, Eaton Corporation, Legrand S.A., Hubbell Lighting Inc., General Electric, Schneider Electric SE, Emerson Electric, OTOP USA Inc., American Lighting Inc.