About LED Table Lamp
The rising demand for lightweight, cost-effective, and durable lighting fixtures to provide brighter light is boosting the LED table lamps market. These find highest application in household and offices. LED table lamp is a small lamp installed with LED lighting fixtures which is placed on the table to provide sufficient light for the purpose of reading or studying. This table lamp uses ultra white light which consumes less power supply as compared to the conventional lamps. There are available in different shapes, size, and color depending on the power consumption which enhances the room decorations. The increasing R&D activities by players to provide sleeker, lower power consuming lamps with additional features is likely to drive the market demand in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The market is concentrated with few players maintaining high market share, and the manufacturers need to recreate their policies as the lighting revolution has dismantled the existing strategy landscape.New product launches and continuous technological innovations are the key strategies adopted by the major players. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global LED Table Lamp market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), OSRAM GmbH (Germany), Ningbo Liangliang (China), Panasonic (Japan), GUANYA (Australia), OPPLE Lighting (China), Yingke Lighting Electric (China) and DP Lighting Electric Tech (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Donghia, Inc. (United States), VAVA (United States), Nichia Corporation (Japan), Seoul Semiconductor (South Korea), GE Lighting (United States), Signify (Netherlands) and SYSKA LED (India).
Segmentation Overview
AMA Research has segmented the market of Global LED Table Lamp market by Type (Reading Lamp, Decorative Lamp and Portable Lamp), Application (Home Appliance, Commercial Appliance and Others) and Region.
On the basis of geography, the market of LED Table Lamp 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 Wavelength Range, the sub-segment i.e. Red (Around 700 nanometers) will boost the LED Table Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Technological Advances boosting Market Growth and Availability of LED Table Lamps for Specific Application in Accordance to End-users.
Market Growth Drivers:
Rise in the Demand for a Lightweight, Cost Effective, Durable Lighting Solutions and Innovation in Designing for Sophisticated LED Lamps with Low Power Consumption.
Challenges:
High Level of entry barriers for emerging players
Restraints:
High Cost Compared to Conventional Alternatives may hamper the Market Growth
Opportunities:
Adoption of Automation in Home Based Lighting Systems
Market Leaders and their expansionary development strategies
In April 2023, Inventronics, a global leader in reliable and innovative LED driver products, is pleased to announce the successful acquisition of the relevant Digital Systems business in Europe and Asia from ams OSRAM, a global leader in optical solutions. This acquisition demonstrates Inventronics’ commitment to providing exceptional technology and value to its global customer base while leading the transformation to cost-effective, intelligent, connected lighting.
In November 2019, Xiaomi launched its Mi Smart LED Desk Lamp 1S in India. The new lamp comes with voice control, colour temperature and more.Mi Smart LED Desk Lamp 1S has been launched in India at Rs 1,999 via crowdfunding. The Mi Smart LED Desk Lamp 1S comes with several smart features and smart vocie support.
The European Council has agreed to further improve lighting energy efficiency regulation by phasing out inefficient halogen light bulbs and introducing minimum standards for LED light bulbs in line. Such regulatory reforms are expected to support market growth.
Key Target Audience
Key Consulting Companies & Advisors, Large, medium-sized, and small enterprises, Venture capitalists, Value-Added Resellers (VARs), Third-party knowledge providers, Investment bankers and Investors
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.