Industry Background:
Solar lantern flashlights are flashlights powered by solar energy stored in rechargeable batteries. Solar lantern flashlights are one of the most chip devices that used to light up any place, as we are looking for an efficient lifestyle, Lanterns became solar powered. Governments are offering financial support in the form of subsidies to encourage the use of renewable sources will help to boost the global solar lantern flashlights market in the forecasted period.This growth is primarily driven by Rising Demand for Portable, Lightweight Lanterns during Camping and High Demand from Developing Nations for Emergency Lights during Power Outages.
Globally, a noticeable market trend is evident Favorable Government Support toward Adoption of Renewable Energy Sources
. Major Vendors, such as Edisonbright (United States), Streamlight, Inc (United States), Pelican Products, Inc.(United States), Rayovac (United States), Fenix (China), MPOWERD Inc. (United States), Olight (United States), Energizer Holdings, Inc. (United States), Dorcy International, Inc. (United States) and Klarus Light Store (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
In the United States, ANSI in 2009 published FL1 Flashlight's basic performance standard. This voluntary standard defines test procedures and conditions for total light output, beam intensity, working distance, impact and water resistance, and battery running time to 10% of initial light output. The FL1 standard gives definitions for terms used in marketing flashlights, with the intention of allowing the consumer to compare products tested to the standard.
Market Drivers
- Rising Demand for Portable, Lightweight Lanterns during Camping
- High Demand from Developing Nations for Emergency Lights during Power Outages
Market Trend
- Favorable Government Support toward Adoption of Renewable Energy Sources
- Availability of Mobile Charging with Use of USB from Solar Lantern Flashlights
Opportunities
Rising Awareness Regarding Benefits of Solar Lantern Flashlight, Increasing Demand for Lanterns with Low Maintenance Costs and Increasing Passion for Outdoor Hiking and Camping
Challenges
Availability of Different Substitutes across the Market and High Cost of Material and Processing of the Flashlights
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Solar Lantern Flashlights Study Sheds Light on
The Solar Lantern Flashlights Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Solar Lantern Flashlights industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solar Lantern Flashlights industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.