Scope of the Study
In the last few years, electric tealights have become increasingly popular, due to the technology advancement in design. It is available in various different colors and sizes, as per the requirement of the consumer. There is a significant rise in consumers from the online channels. For instance, as per an article published by India Brand Equity Foundation, The Indian e-commerce market is expected to grow to USD 200 billion by 2026 from USD 38.5 billion as of 2017. Therefore, increasing demand from online is also likely to boost the demand for automotive coatings.
The market study is being classified by Type (Electric Tea Light Candles, Electric Tea Light Lamp and Others), by Application (Home and Personal and Commercial) and major geographies with country level break-up.
Homemory (China), Tsinghua Tongfang Co., Ltd. (China), Jinggoal International Limited (China), Satyam Kraft (India), Vibex (Spain), Sterno Products LLC (United States), Shree Ap Enterprises (India), Instapark (United States), Halonix Ltd (India) and eLander (Sweden) are some of the key players profiled in the study.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments and new product launches as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that China Players will contribute to the maximum growth of Global Electric Tealight market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Electric Tealight market by Type, Application and Region.
On the basis of geography, the market of Electric Tealight 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
- Increasing Use of Electric Tealight in Outdoor Lighting
- Increasing Number of Consumer from Various Festivals such as Diwali, Christmas, and others
Market Trend
- Increasing Use of Smart Lighting Systems
Restraints
- Availability of Substitute Present in the Market
Opportunities
- Rising Number of Consumer from India and China
Challenges
- Low Light Efficiency In Relation To the Fluorescent Sources
Key Target Audience
Electric Tealight Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase