Battery Operated Lights Market by Application and Geography - Forecast and Analysis 2022-2026

The battery operated lights market share is expected to increase to USD 32.62 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.9%.

This battery operated lights market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers battery operated lights market segmentation by application (commercial and residential) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The battery operated lights market report also offers information on several market vendors, including Acuity Brands Inc., Astera LED Technology GmbH, Bayco Products Inc., BelloLite, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hafele SE and Co KG, Hubbell Inc., Koninklijke Philips NV, Larson Electronics LLC, Legrand SA, Neo Neon Holdong Ltd., Orient Electric Ltd, Patlite Corp., Prism Lighting Group, Ring LLC, Schneider Electric SE, The Glow Company UK Ltd., and VIGNAL ABL USA among others.

What will the Battery Operated Lights Market Size be During the Forecast Period?

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Battery Operated Lights Market: Key Drivers, Trends, and Challenges

The growing online sales of battery-operated lights is notably driving the battery operated lights market growth, although factors such as the government plans to phase out incandescent and battery-operated fluorescent lights may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the battery operated lights industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Battery Operated Lights Market Driver

One of the key factors driving growth in the battery operated lights market is the growing online sales of battery-operated lights. The growth of the global e-commerce industry has equipped vendors in the global battery operated lights market with the potential to earn more profits. The prices offered to customers are often lower on e-commerce platforms when compared with physical stores because of the reduction in the overhead costs when products are sold through online platforms. Many international and national vendors, such as Koninklijke Philips NV, Hubbell Inc., Ring LLC, and General Electric Co., sell battery operated lights through e-retailing websites, which helps in promoting and enhancing their brands. Online shopping portals, such as JD.com, Amazon.com, and eBay, also incorporate enhanced security features for efficient customer service and payments, along with customer-friendly website designs offering enhanced product visibility. This trend is encouraging various vendors to focus on the Internet-savvy customer segment and explore new online retail formats. These factors will drive the growth of the global battery operated lights market.

Key Battery Operated Lights Market Trend

The introduction of new battery-operated lights with advanced features is a battery operated lights market trend that is expected to have a positive impact in the coming years. The manufacturers of battery operated lights are frequently launching new lighting systems that are equipped with advanced features, such as flicker-free smooth dimming, active thermal protection, and improved optical systems. The global battery operated lights market has witnessed an increase in the number of new product launches in recent years. In September 2021, Artemide S.p.A. unveiled the latest addition to its range of lighting solutions. The company launched a new portable, battery operated lamp under the brand name Takku. In January 2021, Atlas Copco (India) Ltd. announced the launch of its first battery operated LED light tower under the brand name HiLight Z3 plus, which can last up to 32 hours. Vendors in the global battery operated lights market adopt strategies such as new product launches to tackle the competition in the market. They invest in developing innovative battery operated lights to increase their foothold in the market. Such activities will drive the growth of the global battery operated lights market.

Key Battery Operated Lights Market Challenge

The government plans to phase out incandescent and battery-operated fluorescent lights will be a major challenge for the battery operated lights market during the forecast period. Lighting applications are estimated to account for more than 25% of the global energy consumption. There is an immediate need to reduce this energy consumption, and governments across the world are focusing on the implementation of policies to promote the use of energy-efficient LED lighting products, which include LED battery operated lights. Various governments across the globe have announced new schemes and policies that aim to phase out incandescent and fluorescent lights. Such initiatives can result in reduced production of incandescent and fluorescent battery operated lights. They can pose a challenge to market vendors and can impede the growth of the global battery operated lights market.

This battery operated lights market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global battery-operated lights market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the battery operated lights market during the forecast period.

Who are the Major Battery Operated Lights Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Acuity Brands Inc.
• Astera LED Technology GmbH
• Bayco Products Inc.
• BelloLite
• Eaton Corp. Plc
• Emerson Electric Co.
• General Electric Co.
• Hafele SE and Co KG
• Hubbell Inc.
• Koninklijke Philips NV
• Larson Electronics LLC
• Legrand SA
• Neo Neon Holdong Ltd.
• Orient Electric Ltd
• Patlite Corp.
• Prism Lighting Group
• Ring LLC
• Schneider Electric SE
• The Glow Company UK Ltd.
• VIGNAL ABL USA

 

This statistical study of the battery operated lights market encompasses successful business strategies deployed by the key vendors. The battery operated lights market is fragmented and the vendors are deploying growth strategies such as investing heavily in developing new and innovative battery operated lights to compete in the market.

Product Insights and News

• bellolite.com - The company offers battery operated lights such as Battery LED Candles, Rechargeable LED candles.

• bellolite.com - The unified segment focuses on manufacturing and distributing innovative, cordless lamps and lighting worldwide.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The battery operated lights market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Battery Operated Lights Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the battery operated lights market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Battery Operated Lights Market?

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36% of the market's growth will originate from North America during the forecast period. The US is the key market for battery operated lights in North America. Market growth in this region will be faster than the growth of the market in the South American and MEA regions.

The growing consumer awareness about energy-efficient lighting systems, better technology infrastructure, and the various initiatives and incentive schemes of regional governments will facilitate the battery operated lights market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional battery operated lights market. The governments of countries such as the US, Canada, and Mexico had imposed nationwide lockdowns and restrictions to curb the spread of the disease. However, in H2 2021, due to the availability of vaccines, the COVID-19 cases in the region declined. This led to the reopening of retail stores selling battery operated lights. The demand for these energy-efficient lighting systems rebounded.

What are the Revenue-generating Application Segments in the Battery Operated Lights Market?

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The battery operated lights market share growth by the commercial segment will be significant during the forecast period. The demand for battery operated lights from the commercial sector has increased as they are considered a cost-effective alternative to lights that require direct wiring. Battery operated lights can offer both permanent and temporary illumination. The growing demand for battery operated lights from the commercial sector can be attributed to their usage as permanent lighting systems. These lights can be permanently installed or hung on a ceiling or wall. The daily usage of lights in the commercial sector and the rise in electricity prices have augmented the demand for battery operated lights. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the battery operated lights market size and actionable market insights on post COVID-19 impact on each segment.

 

Battery Operated Lights Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.9%
Market growth 2022-2026	$ 32.62 billion
Market structure	Fragmented
YoY growth (%)	5.29
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 36%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Acuity Brands Inc., Astera LED Technology GmbH, Bayco Products Inc., BelloLite, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hafele SE and Co KG, Hubbell Inc., Koninklijke Philips NV, Larson Electronics LLC, Legrand SA, Neo Neon Holdong Ltd., Orient Electric Ltd, Patlite Corp., Prism Lighting Group, Ring LLC, Schneider Electric SE, The Glow Company UK Ltd., and VIGNAL ABL USA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Battery Operated Lights Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive battery operated lights market growth during the next five years
• Precise estimation of the battery operated lights market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the battery operated lights industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of battery operated lights market vendors

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