The battery operated light market value is expected to rise from USD 122.8 billion in 2024 to USD 327.3 billion by 2034. This market is analyzed to surge ahead at a CAGR of 10.3% over the next decade.
The battery-operated lights, also known as portable, rechargeable, and cordless lights are seen positively everywhere nowadays. From England to Spain, this category is exploding with many players like Pooky Lighting, Santa & Cole, and Visual Comfort & Co.
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The battery-operated lights have come a long way from their prominent use in restaurants and hotels to becoming a sophisticated alternative to traditional corded lamps. These lights afford designers the flexibility to place them anywhere they find suitable.
The battery operated lights have only recently started coming out in a meaningful way. The battery-powered tabletop light took off in restaurants when companies started rolling out affordable and tiny solutions. As people have become used to seeing them in restaurants, the demand to possess them for residential purposes has also swelled.
“Players are offering various shade options for battery-operated lights to meet the consumer demand. Additionally, players are increasing their marketing efforts to boost brand recognition,” says an analyst of Future Market Insights.
Key Takeaways from the Battery Operated Light Market Report
- The sales of battery operated lights from 2019 to 2023 rose at a 9.5% CAGR.
- By end use, the commercial sector attained a massive share of 67.4% in 2024.
- Based on technology, the fluorescent sector is going to be 52.8% in 2024.
- In Germany, the growth potential for battery operated lights is predicted to be 7.1% through 2034.
- In the United States, the product’s demand is anticipated to surge at 6.2% over the forecast period.
- In India, the business prospects for battery operated lights are expected to rise at 15.1% CAGR over the estimated period.
Competitive Landscape
Market players operating in the battery operated light market are employing various strategies to gain a larger foothold in this competitive market space. Companies are introducing smart functionalities like smartphone integration, motion sensors, etc. Moreover, players are exploring new designs, functionalities, and materials for specific uses like emergency preparedness or outdoor lighting can set the company apart.
Companies are targeting various segments with their specific product lines. For example, some companies are focusing on design-centric lights for home décor, while others are developing rugged, weatherproof solutions for outdoor enthusiasts.
Players are further strategically pricing and distributing battery operated lights. They are focusing on marketing and building a strong brand identity.
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
Latest Developments in the Battery Operated Light Market
- In October 2023, Elinchrom officially revealed the Elinchrom THREE, which is a 261 watt-second (Ws) battery-powered, portable, active charging, and off-camera moonlight that sits in between the model ONE and FIVE systems.
- In December 2023, Eveready Industries India declared that it is eyeing a 3X increase in revenue from lighting. The company held a 60% value share in battery-operated flashlights in 2023.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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