LED Curtain Lights Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The market share is expected to increase by USD 478.74 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 13.58%.

This 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 market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA). The market report also offers information on several market vendors, including Anoralux Corp., Brightlightz Ltd., General Electric Co., Havells India Ltd., Jaquar Group, Orient Electric Ltd., OSRAM GmbH, Panasonic Corp., PixelFLEX LLC, and Signify NV among others.

What will the Market Size be During the Forecast Period?

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Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in the adoption of energy-efficient light sources is notably driving the market growth, although factors such as the value gap in decorative lighting 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 industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key LED Curtain Lights Market Driver

An increase in the adoption of energy-efficient light sources is a key driver impacting the global LED Curtain lights market growth. Customers are now demanding energy-efficient and less power-consuming lighting solutions, which is driving the global LED curtain lights market. Emerging awareness among people through government initiatives is promoting the use of energy-efficient lighting solutions. The use of LED sources has been increasing because of their advantages over traditional lighting technologies, such as incandescent lamps and compact fluorescent lamps (CFLs). The level of expertise involved in developing LED lighting is much higher than that required for developing traditional light sources. LED lighting products can be controlled remotely using a wired or wireless protocol as a part of a larger lighting network. The gradual shift toward LED lighting has improved offerings in the global LED curtain lights market. Such factors will increase the market focus during the forecast period.

Key LED Curtain Lights Market Trend

The decline in the cost of LED manufacturing is a key trend positively impacting the global LED Curtain lights market growth. The cost of manufacturing LED lights declined significantly between 2012 and 2019, driving the high demand for LED-based lighting. The decline in cost was mainly attributed to a decrease in the prices of semiconductor chips and other components used in LED lights. This is expected to drive the demand for LED lighting during the forecast period as well. Growth in LED production has led to a significant increase in economies of scale for manufacturers. This has made LED manufacturing less expensive. An increase in the penetration and adoption of LEDs for lighting due to their low average selling price has given vendors the opportunity to reduce the variable cost. Such factors will increase the market focus during the forecast period.

Key LED Curtain Lights Market Challenge

The value gap in decorative lighting will be a major challenge negatively impacting the LED Curtain lights market growth. The global LED curtain lights market is fragmented and has numerous lighting options to decorate commercial and residential areas. Customers demand both quality and design, and brand consideration is low as it is not a brand-driven market but a design-driven market. However, product differentiation is low in this market. The only factor that attracts customers is innovative designs, and the customers prefer to buy the best designs of good quality at affordable prices. As the market is highly fragmented, brands with low brand recognition find it difficult to penetrate the market. This creates a value gap when purchasing the LED curtain lights. The prices of LED curtain lights vary with the design, which could force brands to lower prices to remain competitive in the market, affecting the profits generated by the vendors.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global LED curtain lights market as a part of the global electronic components 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 market during the forecast period.

Who are the Major Market Vendors?

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

 

• Anoralux Corp.
• Bright lights Ltd. 
• General Electric Co.
• Havells India Ltd.
• Jaquar Group
• Orient Electric Ltd.
• OSRAM GmbH
• Panasonic Corp.
• PixelFLEX LLC
• Signify NV

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as the selection of the right distribution channel to compete in the market.

Product Insights and News

• Havells India Ltd. - The company provides LED strips that can be used for TV backlighting, cabinet lighting, cove lighting, or any other decorative lighting. The products are available in the regular and smart range.

To make the most of the opportunities and recover from the 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 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.

Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 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.

The value chain of the global electronic components market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Market?

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34% of the market's growth will originate from Europe during the forecast period. The US is the key market for the market in Europe. Market growth in this region will be faster than the growth of the market in regions.

A major growth factor driving the market in Europe is an increase in the number of smart buildings, which is boosting the demand for lighting products which will facilitate the market growth in Europe 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

The LED curtain lights market in the region witnessed certain challenges due to the outbreak of COVID-19 in 2020. The outbreak affected the supply chain networks of many countries in the region, such as Italy, France, Germany, and the UK, and led to lockdowns in various countries. These factors affected various end-user sectors in the region, which, in turn, hindered the potential growth of the regional market in 2020. However, with control in the spread of the pandemic, coupled with a rise in construction activities, the regional market is expected to grow during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Market?

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The market share growth in the offline segment will be significant during the forecast period. A key factor that increases the preference for offline distribution channels is the availability of trained personnel who can provide accurate information on various lighting products on offer.

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

Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 13.58%
Market growth 2021-2025	$ 478.74 million
Market structure	Fragmented
YoY growth (%)	9.45
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 34%
Key consumer countries	US, China, Germany, Italy, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Anoralux Corp., Brightlightz Ltd. , General Electric Co., Havells India Ltd., Jaquar Group, Orient Electric Ltd., OSRAM GmbH, Panasonic Corp., PixelFLEX LLC, and Signify NV
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 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 Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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