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

  • Published: Jul 2022
  • Pages: 129
  • SKU: IRTNTR73916
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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?

Battery Operated Lights Market Size

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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?

Battery Operated Lights Market Market segmentation by region

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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?

Battery Operated Lights Market Segmentation

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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

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Commercial - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
    • 5.4 Residential - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Germany - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.10 UK - Market size and forecast 2021-2026
      • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 BelloLite
              • Exhibit 89: BelloLite - Overview
              • Exhibit 90: BelloLite - Product / Service
              • Exhibit 91: BelloLite - Key offerings
            • 10.4 Eaton Corp. Plc
              • Exhibit 92: Eaton Corp. Plc - Overview
              • Exhibit 93: Eaton Corp. Plc - Business segments
              • Exhibit 94: Eaton Corp. Plc - Key news
              • Exhibit 95: Eaton Corp. Plc - Key offerings
              • Exhibit 96: Eaton Corp. Plc - Segment focus
            • 10.5 Emerson Electric Co.
              • Exhibit 97: Emerson Electric Co. - Overview
              • Exhibit 98: Emerson Electric Co. - Business segments
              • Exhibit 99: Emerson Electric Co. - Key news
              • Exhibit 100: Emerson Electric Co. - Key offerings
              • Exhibit 101: Emerson Electric Co. - Segment focus
            • 10.6 General Electric Co.
              • Exhibit 102: General Electric Co. - Overview
              • Exhibit 103: General Electric Co. - Business segments
              • Exhibit 104: General Electric Co. - Key news
              • Exhibit 105: General Electric Co. - Key offerings
              • Exhibit 106: General Electric Co. - Segment focus
            • 10.7 Hubbell Inc.
              • Exhibit 107: Hubbell Inc. - Overview
              • Exhibit 108: Hubbell Inc. - Business segments
              • Exhibit 109: Hubbell Inc. - Key offerings
              • Exhibit 110: Hubbell Inc. - Segment focus
            • 10.8 Koninklijke Philips NV
              • Exhibit 111: Koninklijke Philips NV - Overview
              • Exhibit 112: Koninklijke Philips NV - Business segments
              • Exhibit 113: Koninklijke Philips NV - Key news
              • Exhibit 114: Koninklijke Philips NV - Key offerings
              • Exhibit 115: Koninklijke Philips NV - Segment focus
            • 10.9 Legrand SA
              • Exhibit 116: Legrand SA - Overview
              • Exhibit 117: Legrand SA - Business segments
              • Exhibit 118: Legrand SA - Key offerings
              • Exhibit 119: Legrand SA - Segment focus
            • 10.10 Neo Neon Holdong Ltd.
              • Exhibit 120: Neo Neon Holdong Ltd. - Overview
              • Exhibit 121: Neo Neon Holdong Ltd. - Business segments
              • Exhibit 122: Neo Neon Holdong Ltd. - Key offerings
              • Exhibit 123: Neo Neon Holdong Ltd. - Segment focus
            • 10.11 Ring LLC
              • Exhibit 124: Ring LLC - Overview
              • Exhibit 125: Ring LLC - Product / Service
              • Exhibit 126: Ring LLC - Key offerings
            • 10.12 Schneider Electric SE
              • Exhibit 127: Schneider Electric SE - Overview
              • Exhibit 128: Schneider Electric SE - Business segments
              • Exhibit 129: Schneider Electric SE - Key news
              • Exhibit 130: Schneider Electric SE - Key offerings
              • Exhibit 131: Schneider Electric SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Battery Operated Lights Market market growth will increase by $32.62 bn during 2022-2026.
              The battery operated lights market market is expected to grow at a CAGR of 5.9% during 2022-2026.
              Technavio has segmented the battery operated lights market market by application (Commercial and Residential) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              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 are a few of the key vendors in the battery operated lights market market.
              North America will register the highest growth rate of 36% among the other regions. Therefore, the battery operated lights market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the battery operated lights market market growth are:
              • Growing online sales of battery-operated lights
              • Introduction of new battery-operated lights with advanced features
              The battery operated lights market market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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