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Subject: MRR

Battery Operated Lights Market: 2022 to 2026 Analysis of Major Players as well as the Global Market and Key Countries such as Japan - Technavio


NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Japan is the leading production and sales market in the APAC region and contributes to the top innovative electronic equipment production among the different countries. Japan boasts unparalleled world-leading manufacturers and suppliers of electrical and electronic materials, components, and equipment across the value chain. These range from microelectronic components to electrical household appliances, automation systems, electronic medical equipment, and automotive electronics. To know more, Buy the Report!

In 2020, the COVID-19 pandemic had a negative impact on the battery operated lights market, as governments of various countries imposed nationwide lockdowns and restrictions. As a result, retail stores shut down, which decreased the demand for battery operated lights. However, in H2 2021, due to the availability of vaccines, the number of COVID-19 cases declined. This led to the reopening of retail stores selling battery operated lights. As a result, the demand for these products rebounded. For more insights ? Download a Sample Report!

Japan is one of the top key country contributors to the global battery operated lights market. The market is segmented by application (commercial and residential) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The global battery operated lights market is estimated to grow at a CAGR of 5.9% between 2021 and 2026. The size of the market is forecasted to increase by USD 32.62 billion.

The major vendors for the global battery operated lights market include 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 among others. To know about the vendor offerings, Request a PDF Sample!

The growing online sales of battery-operated lights are notably driving the battery operated lights market growth, although factors such as governments' plans to phase out incandescent and battery-operated fluorescent lights may impede the market growth.

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Battery Operated Lights Market 2022-2026: Key Highlights

Battery Operated Lights Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.9%

Market growth 2022-2026

USD 32.62 billion

Market structure

Fragmented

YoY growth (%)

5.29

Regional analysis

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

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's information technology market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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