About LED Torches
LED Torches are technologically advanced, and you use them for so a good deal extra than easy family needs. They’re brighter and greater environment friendly flashlights than everyday flashlights. They’re additionally extraordinarily dependable and regularly rechargeable. Modern torch lights function LED bulbs for excessive brightness, rechargeable batteries, on hand grip, and light-weight design. LED flashlights use much less strength than ordinary flashlights, which equates to longer battery life.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global LED Torches 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.
Nippo (India), Philips Lighting (Netherlands), GE Lighting (United States), Acuity Brands (United States), Havells (India), iBELL (India), Duronic Hurricane (China), Osram (Germany), Eaton Coope (Ireland) and Cree (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hubbell (United States), ThruNite (Germany) and SYSKA (India).
Segmentation Overview
AMA Research has segmented the market of Global LED Torches market by , Application (Car repairs, Home fixes, Camping and hunting, Outdoor Sports and Others) and Region.
On the basis of geography, the market of LED Torches 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 Body Material, the sub-segment i.e. Metal will boost the LED Torches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery, the sub-segment i.e. Disposable will boost the LED Torches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Performance in Residential and Industrial Sectors
Market Growth Drivers:
Growing Investments in R&D have led to advancements in LED Torches
Challenges:
Lack of Awareness and Low Product Lifespan
Restraints:
Fluctuating Prices of Raw Materials
Opportunities:
Growth for Rechargeable LED Flashlights
Market Leaders and their expansionary development strategies
In June 2021, LEDLENSER Group has acquired Ledco Ltd, Sunninghill, Berkshire (UK). With the acquisition of Ledco, LEDLENSER is consistently pursuing optimisation of its value-enhancing distribution strategy.
Nippo has launched wide range of unique energy saving torches with LED Technology. These torches have high MCD (millicandela) to give bright light. Nippo also launched unique Radium Torches which can be easily identified in Dark. LED life is about 1lakh hours and LED torches gives 10 times battery life compared to ordinary torches.
Key Target Audience
LED Torch Manufacturers, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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.