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

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70175
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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?

LED Curtain Lights Market Size

Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

 

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?

LED Curtain Lights Market Market segmentation by region

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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?

LED Curtain Lights Market Segmentation

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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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Electronic components

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Distribution channel

    • 5.1 Market segments
      • Exhibit 15: Distribution channel - Market share 2020-2025 (%)
    • 5.2 Comparison by Distribution channel
      • Exhibit 16: Comparison by Distribution channel
    • 5.3 Offline - Market size and forecast 2020-2025
      • Exhibit 17: Offline - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Offline - Year-over-year growth 2020-2025 (%)
    • 5.4 Online - Market size and forecast 2020-2025
      • Exhibit 19: Online - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Online - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Distribution channel
      • Exhibit 21: Market opportunity by Distribution channel

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 Europe - Market size and forecast 2020-2025
      • Exhibit 25: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Europe - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers – Demand led growth
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Competitive scenario
          • 9.2 Vendor landscape
            • Exhibit 38: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 39: Landscape disruption
          • 9.4 Industry risks
            • Exhibit 40: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 42: Market positioning of vendors
          • 10.3 Anoralux Corp.
            • Exhibit 43: Anoralux Corp. - Overview
            • Exhibit 44: Anoralux Corp. - Product and service
            • Exhibit 45: Anoralux Corp. - Key offerings
          • 10.4 Brightlightz Ltd.
            • 10.5 General Electric Co.
              • Exhibit 49: General Electric Co. - Overview
              • Exhibit 50: General Electric Co. - Business segments
              • Exhibit 51: General Electric Co. - Key news
              • Exhibit 52: General Electric Co. - Key offerings
              • Exhibit 53: General Electric Co. - Segment focus
            • 10.6 Havells India Ltd.
              • Exhibit 54: Havells India Ltd. - Overview
              • Exhibit 55: Havells India Ltd. - Business segments
              • Exhibit 56: Havells India Ltd. - Key news
              • Exhibit 57: Havells India Ltd. - Key offerings
              • Exhibit 58: Havells India Ltd. - Segment focus
            • 10.7 Jaquar Group
              • Exhibit 59: Jaquar Group - Overview
              • Exhibit 60: Jaquar Group - Product and service
              • Exhibit 61: Jaquar Group - Key offerings
            • 10.8 Orient Electric Ltd.
              • Exhibit 62: Orient Electric Ltd. - Overview
              • Exhibit 63: Orient Electric Ltd. - Business segments
              • Exhibit 64: Orient Electric Ltd. - Key news
              • Exhibit 65: Orient Electric Ltd. - Key offerings
              • Exhibit 66: Orient Electric Ltd. - Segment focus
            • 10.9 OSRAM GmbH
              • Exhibit 67: OSRAM GmbH - Overview
              • Exhibit 68: OSRAM GmbH - Business segments
              • Exhibit 69: OSRAM GmbH - Key offerings
              • Exhibit 70: OSRAM GmbH - Segment focus
            • 10.10 Panasonic Corp.
              • Exhibit 71: Panasonic Corp. - Overview
              • Exhibit 72: Panasonic Corp. - Business segments
              • Exhibit 73: Panasonic Corp. - Key news
              • Exhibit 74: Panasonic Corp. - Key offerings
              • Exhibit 75: Panasonic Corp. - Segment focus
            • 10.11 PixelFLEX LLC
              • Exhibit 76: PixelFLEX LLC - Overview
              • Exhibit 77: PixelFLEX LLC - Product and service
              • Exhibit 78: PixelFLEX LLC - Key offerings
            • 10.12 Signify NV
              • Exhibit 79: Signify NV - Overview
              • Exhibit 80: Signify NV - Business segments
              • Exhibit 81: Signify NV- Key news
              • Exhibit 82: Signify NV - Key offerings
              • Exhibit 83: Signify NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 84: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 85: Research Methodology
                • Exhibit 86: Validation techniques employed for market sizing
                • Exhibit 87: Information sources
              • 11.4 List of abbreviations
                • Exhibit 88: 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
              Interested in this report?
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              LED Curtain Lights Market market growth will increase by $478.74 mn during 2021-2025.
              The led curtain lights market market is expected to grow at a CAGR of 13.58% during 2021-2025.
              Technavio has segmented the led curtain lights market market by distribution channel (offline and online) ,geography (Europe, North America, APAC, South America, and MEA) , and geographic (Europe, North America, APAC, South America, and MEA).
              Anoralux Corp., Brightlightz Ltd. , General Electric Co., Havells India Ltd., Jaquar Group, Orient Electric Ltd., OSRAM GmbH, Panasonic Corp., PixelFLEX LLC, Signify NV are a few of the key vendors in the led curtain lights market market.
              Europe will register the highest growth rate of 34% among the other regions. Therefore, the led curtain lights market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the led curtain lights market market growth are:
              • Increase in adoption of energy-efficient light sources
              • Decline in cost of LED manufacturing
              The led curtain lights market market vendors should focus on grabbing business opportunities from the offline 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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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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