The global battery operated lights market is estimated to grow with a compound annual growth rate (CAGR) of approximately 6.5 percent over the forecast period. The report analyzes the battery operated lights market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the battery operated lights market.
Battery Operated Lights Market: Overview
Battery operated lights are lighting systems that are driven by batteries and do not need direct wire or plugs. They don’t require a complicated installation method and may be utilized both indoors and outdoors. Battery-operated light is been used in emergency lights and flashlights for a long time, but as technology progresses, the usage of battery-operated lights has spread in both households and workplaces. The most common battery-operated lights are light-emitting diode (LED) lights, which may be fixed either temporarily or permanently depending on the customer’s needs. Battery-operated LED lights come in a variety of sizes and forms and may be used on walls, ceilings, closets, garages, table lamps, and swimming pools, among other places. The new battery-operated light models include sophisticated functionality with the integration of the Internet of Things (IoT).
Because of the lockdown laws in place in several countries and a workforce scarcity, the coronavirus pandemic has had an impact on the manufacture of battery-operated lights. Export and import limitations have resulted in a scarcity of raw resources such as batteries, which are required for product manufacture. The disruption of the supply chain, as well as transportation limitations, has resulted in a reduction in product availability on the market. The closure of distribution channels has resulted in a drop in battery-operated light sales and a revenue shortfall in the market.
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Battery Operated Lights Market: Growth Drivers
Surge of an advanced lighting system is expected to boost the market growth.
The increased demand for power for everyday needs, both residentially and commercially in offices, stores, markets, malls, and other locations, has put a strain on electricity supplies and has had a negative impact on the environment through emissions that contribute to global warming. The everyday use of lighting systems, along with rising power bills, has created a need for battery-operated lights. The revolutionary lights were created to provide convenient illumination as well as product safety. The advanced lighting system is grounded on three types of illumination task lighting, general or ambient, and accent lighting. As a result, LED lights come in a variety of sizes and forms, depending on their intended function.
The battery-operated lights can be placed in cabinets, closets, baths, kitchens, pantries, garages, and other areas where they can be conveniently connected and removed. Sensors, remote & phone connectivity, auto-timers, dual utility, waterproof feature, and other technical gadgets integrated into battery-driven lights have boosted the lighting system’s practicality, convenience, and exhibition. Bars, pucks, miscellaneous, magnifiers, picture lights, umbrellas, security lights, solar-powered lights, cordless lights, garden lights, motion sensor lights, and others are examples of battery-driven lights. The major manufacturers have introduced a variety of lighting systems, including permanent lights for everyday use and specialized lights with improved batteries and safety features for occasional usage.
Increasing need for a sustainable battery functioned lighting system.
The need for long-lasting battery-operated lighting systems has grown as technology and new goods have advanced. Lighting systems have progressed from the usage of carbon filament bulbs to Internet of Things lights that can be powered by a variety of batteries and are easy to use. Increased awareness, long-lasting rechargeable batteries, surge in technology, and innovation are contributing to the product demand. Besides, changes in trends and fashion such as lighting systems as home decor, appealing light designs, environmentally friendly products, increased urbanization, negligible electricity consumption by battery operated lights are also supporting the market growth.
Battery Operated Lights Market: Restraints
High cost of battery operated lights may restrain the growth of the market
The cost of battery operated lights is high compared to conventional lighting. Also, the market penetration is less in low-income countries due to the high cost and widespread usage of conventional lights. Also, the high cost of battery repair is restraining the demand for the product.
Battery Operated Lights Market: Opportunities
Technological advancements in the development of features of battery operated lights may create enormous opportunities for the market growth
Sensors, waterproof features, dual utility, auto-timers, remote and phone connectivity, and other technical gadgets integrated into battery-driven lights have boosted the lighting system’s practicality, convenience, and exhibition. In addition to this, major players in the market are investing heavily to upgrade the features of battery operated lights. Also, the implementation of artificial intelligence and IoT is leading to an increase in sales of battery operated lights. All such factors are expected to fuel the growth during the forecast period.
Battery Operated Lights Market: Challenges.
Development of battery that can endure tough environments.
Newer batteries are in demand for various applications however, designs and compatibility of batteries with various applications such as outdoor solar lamps, emergency lights in remote locations are still questionable. The major challenge is to make the batteries more compatible with the devices used in tough conditions. These factors can slow down the growth of the market over the forecast period.
Battery Operated Lights Market: Segmentation
The global battery-operated lights market is fragmented based on a light source, product type, distribution channel, application, and region. The light source segment is categorized into induction, incandescent, led, fluorescent, and others. Based on product type, the global market is divided based on misc, pucks, bars, and others. Offline and online are the distribution channels of the battery-operated lights market. The application segment comprises commercial and residential.
In August 2021, Elinchrom unveiled the Elinchrom One, their first battery-powered monolight.
In October 2021, GE Current, a Daintree business, has announced its intention to buy Hubbell Commercial and Industrial Lighting.
North America led the global battery operated lights market with over 35 percent of the share followed by Europe. Due to improved technical infrastructure, raising awareness about energy efficiency, and government initiatives & incentive schemes, the battery-driven lighting industry in developed nations is dominated by North America and Europe. The federal government of the United States gives this number of incentives and government rebates, whereas Europe has taken the lead as the European Union’s energy strategy with the Europe 2020 plan. In comparison to other countries, emerging countries such as China and India have a greater population where demand for battery operated lights is increasing at a rapid rate. The government’s incentive and rebate program for replacing traditional lamps with LED goods has boosted the demand for battery-operated lighting even further. Initiatives like China’s Elcoma Vision 2020 and India’s UJALA program are examples of this.
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Some of the predominant players that are operating in the global battery operated lights include General Electric, BelloLite, Mr. Beams, Hubbell Lighting Inc., Philips, Legrand S.A., Emerson Electric, Schneider Electric SE, Eaton Corporation, and American Lighting Inc., among others.
By Product Type
By Light Source
- North AmericaThe U.S.Canada
- EuropeFrance The UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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