About LED Portable Lighting
The growing digitalization and industrialization consumption of electrical energy that has been escalating across the globe, has escalated to minimize or limit electricity consumption number of consumers are favoring LED portable Lighting. It is an excellent solution for temporary work lighting or site lighting. The rising benefits over traditional halogen lights make it more efficient for consumers needs. These portable LED are majorly used workshops or any workspace such as construction sites etc. The rising demand for generating portable lights are fuelling the market for LED portable Lighting
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global LED Portable Lighting market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Energizer (United States), Havells (India), Ledlenser (Germany), KENNEDE (China), DP Lighting (Singapore), Ocean's King (China), SureFire (United States), Dorcy (United States), Nite Ize (United States) and Petzl (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Streamlight (United States), Ritelite (Systems) Ltd (United Kingdom) and Atlas Copco (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global LED Portable Lighting market by Type (Flashlights, Headlamps, Lanterns and FloodLights and Worklight), Application (Industrial, Residential and Military) and Region.
On the basis of geography, the market of LED Portable Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design Type, the sub-segment i.e. Lamps will boost the LED Portable Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of LEDs as a Light Source in General Lighting and Increase in Adoption of Smart Lighting
Market Growth Drivers:
High Demand for Portable LED Lighting by the Modernization and Development of Infrastructure Such as Smart Cities and Need for Energy-Efficient Lighting Systems
Challenges:
Lack of Common Open Standards and Issue Related Towards voltage sensitivity and temperature dependence of these Portable LED Lighting
Restraints:
Lack of Awareness Regarding Installation Costs and Payback Periods and Development of Alternative Technologies
Opportunities:
Development of Wireless Technology for Potable LED Lighting Systems and Growing Need for replacement of traditional Lightning
Market Leaders and their expansionary development strategies
In March 2021, SMART Global Holdings, Inc. has completed its acquisition of Cree, Inc.’s (NASDAQ:CREE) Cree LED Products business unit. The acquisition represents great value for our shareholders offering strong margins and cash flow
In November 2022, Signify (Philips Lighting) has announced the expansion of its Smart Wi-Fi lighting range in India with the launch of two new portable smart lamps — Philips Smart LED Squire and Philips Smart LED Hero. The Philips Smart LED Squire and Philips Smart LED Hero table lamps are available in 9W white options on leading e-commerce platforms in India.
Key Target Audience
LED Portable Lighting Manufactures, LED Portable Lighting Distributors, Potential Investors, End-User, Electronic Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.