What is Night Lights Market?
The night light is a small light fixture, that is often electrical and is placed for comfort or convenience in areas that may become dark at certain times, such as in an emergency or dark areas. The market of the LED night light witnessing tremendous growth in recent years due to the factor such as benefit associated as longer lifespan, low heat emission, and most importantly lesser energy consumption, while some of the factors like growing popularity of night lighting system and continuous innovation in the product technology is trending in the market.
The market study is being classified by Type (Plug-In and Battery), by Application (Household and Commercial) and major geographies with country level break-up.
Philips (Netherlands), Eaton (Ireland), Osram (Germany), GE (United States), Legrand (France), Opple Lighting (China), Hugo Brennenstuhl GmbH & Co (Germany), Feit Electric (United States), AmerTac (United States), Munchkin (United States), Maxxima (United States) and The Glow Company UK Ltd. (United Kingdom) are some of the key players profiled in the study.
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. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Night Lights market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Night Lights market by Type, Application and Region.
On the basis of geography, the market of Night Lights 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The demand for LED light night is increasing due to longer lifespan, low heat emission, and most importantly lesser energy consumption associated with the LED lighting
Market Trend
- Growing Popularity of Night Lighting System
- Continuous Innovation in the Product Technology
Restraints
- Development in the Alternate Technology
Opportunities
- Growing Trend of LED Smart Lighting
Key Target Audience
Manufacturers of Night Lights, Suppliers of Night Lights, Wholesalers, Distributors and Retailers of Night Lights, Raw Material Suppliers and New Entrants/Investors