About LED Night Light
LED night light is refer as a small LED light fixture, often electrical, placed for comfort or convenience in dark areas or areas that may become dark at certain times, such as in an emergency. 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 in LED night lighting system and continuous innovation in the product technology is trending in the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market scale of LED night light will keeps greatly increasing in the next few years. Although sales has brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the LED night light field. 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.
Vava (United States), Yoyoo (The Glow Company UK Ltd.) (United Kingdom), SnapPower (United States), Lumipets (United States), SYCEES (China), LittleHippo (United States), Philips (Netherlands), Eufy (Anker Technology (UK) Ltd) (United States), Maxxima (United States) and Maz-Tek (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LOFTer and GE.
Segmentation Overview
AMA Research has segmented the market of Global LED Night Light market by Type (Plug-in Type and Battery Type), Application (Household and Commercial) and Region.
On the basis of geography, the market of LED Night Light 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 Distribution Channel, the sub-segment i.e. Offline will boost the LED Night Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing popularity in LED night lighting system and Continuous innovation in the product technology
Market Growth Drivers:
Benefit such as longer lifespan, low heat emission, and most importantly lesser energy consumption associated with the LED night lighting
Challenges:
Lack of awareness regarding LED lightning in some of the region
Restraints:
Development in the alternate technology
Opportunities:
Reduction in the cost structure of LED night lightning
Market Leaders and their expansionary development strategies
In May 2021, Nanosys, the industry pioneer and leading supplier of quantum dot light emitting materials and technology, has acquired of glō, the leading technology company for microLED displays. The transaction significantly expands Nanosys’ capabilities and technology offerings, accelerating the company’s development and progress toward the widespread adoption of microLED and nanoLED display technology for future displays.
In January 2024, Portronics, a leading accessories brand, has launched Dash 6, the company’s latest 4-in-1 LED speaker. This comes after the company’s recent announcement of the Bella 3-in-1 Qi-certified wireless charger. This multi-functional Bluetooth speaker packs in a 15-watt speaker and a configurable LED light that can also be used as a night Lamp, or camping light, with flickering light effects to create a soothing and immersive ambiance.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.