The battery operated light market is anticipated to record a value of USD 122.8 billion in 2024. The industry is projected to witness a CAGR of 10.3% in the ten-year time frame. The revenue projection for battery operated light market is going to be USD 327.3 billion by 2034.
The growth drivers for the battery operated lights market include enhanced technical infrastructure and growing consciousness about energy efficiency. Convenience associated with the use of battery-operated lights in terms of installation and maintenance is also promoting product sales.
Governments, organizations, and utility companies are promoting the adoption of energy-efficient lighting solutions by offering LED lighting rebates. These rebates offer financial incentives to businesses and individuals who update their lighting systems to energy-conserving LEDs. Both the environment and consumers benefit from lower energy consumption and reduced electricity bills.
Across the United States, energy-efficient LEDs are eligible for retrofit as well as new construction incentives under the utility programs. In Europe, the European Union is offering subsidies for LED and connected lighting. In emerging countries like China and India, Elcoma Vision 2020 and UJALA programme, are promoting LED lighting sales, respectively.
The battery-operated lights are increasingly being integrated with smart features like dimmers, motion sensors, and even incorporation with smart home systems. Thus, allowing for automation, greater control, and convenience for users. These lights are a game-changer when it comes to energy efficiency and convenience.
Battery-operated LED motion sensor lights are effective in detecting motion and automatically illuminating the area. Thereby, offering a hands-free lighting solution, suitable for many applications. These lights can increase security by preventing potential intruders.
Moving forward, advancements like rechargeable LED motion sensor lights are gaining traction among consumers. Their demand is increasing as they reduce waste and eliminate the need to frequently replace batteries. Eco-conscious consumers especially prefer these LED lights to reduce their environmental impact.
Battery-powered lights are further entering the arena of design and aesthetics. Due to their increasing use as a design element, manufacturers are providing an extensive range of finishes and styles to complement various applications and decors.
Attributes | Description |
---|---|
Estimated Battery Operated Light Market Size (2024E) | USD 122.8 billion |
Projected Battery Operated Light Market Value (2034F) | USD 327.3 billion |
Value-based CAGR (2024 to 2034) | 10.3% |
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Presence of LED Technology Felt Across the Battery Operated Light Market
The LED technology enjoys a significant status in the battery-operated light industry. Their versatility in design, long lifespans, and superior energy efficiency make them a preferred choice of manufacturers and consumers.
LED lights are a great way to brighten the room without having to utilize an electrical outlet. They are used to add extra light while reading or working on a project. They are portable too, making them convenient to take around while traveling. These qualities of LED lights are encouraging customers to shift from conventional fluorescent and incandescent lights.
Evolution of Battery Technology to Drive Market Growth
Advancements in battery technology are critical for the market’s development. This includes the creation of batteries with faster-charging items, higher capacities, and potentially even integrated solar charging capabilities for some lights.
Consumers are now choosing battery-operated lights and solar power festival lights for hassle-free decorations during festive times. The demand for AA pencil batteries and AA battery-powered lights is thus increasing.
The solar-powered LED lights include a simple LED strip connected to a solar power sensor or multi-colored ring lights. Many developments are being made by companies to reduce the prices of solar battery-operated lights. They also have to be charged in advance with sufficient sunlight to be functional, leading to their limited adoption currently.
Focus on Sustainability is the Need of the Hour
Environmental consciousness is growing, leading to heightened demand for eco-friendly battery-operated lights. These lights are more environmentally friendly as they do not produce heat or emit hazardous gases. They do not even use fossil fuels to operate.
The ambit of eco-friendly battery-operated lights includes lights from recycled materials. Continued push for rechargeable batteries is helping reduce dependence on disposable ones.
Global battery-operated light sales rose at a CAGR of 9.5% from 2019 to 2023. Over the forecast period, the industry is projected to expand at a 10.3% CAGR. Demand for battery-powered lights is increasing due to their cost-effectiveness as opposed to lighting solutions that require direct lighting.
Further, energy efficiency and convenience of installation of these lights increase their appeal among the masses. They are increasingly used to illuminate the home’s interior as well as exterior areas like the staircase.
Many application areas of battery-powered lights in various settings, including automobiles, houses, campers, and business establishments. Additionally, demand for battery-powered lights is surging in seasonal or festive lights that are used temporarily.
The technological evolution in the lighting industry is further facilitating the market’s progress. The rising demand for wireless technologies is creating a significant demand for wireless battery-driven lights.
The industry is witnessing significant competition, which is fueling more innovation. New players are also offering many options at competitive price ranges, to meet the increasing demand for battery-powered lights. Reduced prices also make battery-powered lights more accessible to customers.
The demand for battery operated lights is steadily increasing across countries like Germany and the United States. In Asian countries, accelerated growth rate is a dominant trend, especially in China and India.
Countries | CAGR 2024 to 2034 |
---|---|
The United States | 6.2% |
Germany | 7.1% |
China | 14% |
India | 15.1% |
Australia | 10.3% |
The sales of battery-powered lights in the United States are projected to increase at a steady CAGR of 6.2% over the forecast period. Key players in the country are offering wireless ultra-thin LED light bars, which is an inexpensive under-cabinet lighting option that requires negligible setup. The use of these lights can be extended to closets, pantries, stairs, and more.
String lights shops in the United States are offering a selection of battery lights for custom, unique, and handmade pieces to meet the growing demand. Furthermore, the widely adored battery-powered, waterproof fairy lights are also available for parties, gardens, patios, bedrooms, and home Xmas décor, both indoor and outdoor.
The battery operated light market in Germany is estimated to rise at a CAGR of 7.1% through 2034. Demand for these lights is surging in the country due to the increasing popularity of portable lights, advancements in the lighting sector, and energy efficiency.
Battery-powered LED lights are also available via online sales channels with the option for home delivery. Certain online sellers also ensure a warranty for these products to build consumer trust. Rising emphasis on energy-conserving lighting solutions, especially LED battery operated lights, continues to be a substantial driver.
India is assessed to attract many investors and stakeholders due to its massive growth potential. Over the estimated period, the industry is expected to rise at a 15.1% CAGR.
India has multiple brands selling an extensive range of indoor lighting to brighten the interiors. Additionally, key players are offering personalized solutions to offer to their customers.
Battery-powered lights, like LEDs are integrated into railways, usually as emergency lights. Development projects in the railway sector are projected to be advantageous for wireless battery-powered light providers across the country.
During Indian festivities, customers in India opt for battery-powered lights. Specifically, during Diwali, which is a widely celebrated, famous Indian festival, these lights’ sales skyrocket. These lights are preferable as they can be used to decorate without worrying about a wall socket or a power source.
This section is devoted to leading segments in the battery operated light industry. The commercial sector is estimated to obtain 67.4% in 2024. Fluorescent technology is predicted to obtain 52.8% value share in the same year.
Segment | Commercial (End Use) |
---|---|
Value Share (2024) | 67.4% |
The battery-powered lights generate maximum revenues from the demand in commercial spaces. LEDs for instance have high efficiency and have directional nature, making them ideal for several industries. The commercial end use sector is projected to acquire a share of 67.4% in 2024.
In the commercial sector, the use of battery-backed lights extends to spaces like garages, street lights, parking, and outdoor areas. Businesses also use battery-powered lights to quickly adapt their lighting scheme. This is useful for spaces that are incessantly reconfigured like pop-up events and retail displays. The battery-powered lights are handy during construction and renovation projects.
Segment | Fluorescent (Technology) |
---|---|
Value Share (2024) | 52.8% |
The fluorescent technology is estimated to acquire a market share of 52.8% in 2024. This technology is, however, expected to be gradually replaced by LED technology in the future. Chief drivers for this shift include durability, lower power consumption, better efficiency, and reduced size of LEDs, giving tight competition to their counterparts.
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Key players in the battery-operated light industry are focusing on lighting innovations like the latest LED technology and intelligent LED lighting. Players are further introducing new features like flicker-free smooth dimming, active heat protection, enhanced optical systems, etc.
Battery-powered light producers are emphasizing effective sales and distribution channels, with the help of online sales channels. Key advancements in the sector, like LiFi technology and human-centered lighting, are also propelling the lighting business.
Key players are further observing heightened demand for LED lights and other technical lights due to rising consumer awareness about the light’s endurance. Increasing applications of battery-operated lights for purposes like work, night, camping, emergency, and decoration are further providing expansion opportunities to participants.
Industry Updates
Key technologies used in battery-powered lights include fluorescent, incandescent, and LED.
Based on pricing, the market is trifurcated into high range, mid-range, and economical.
Different end users of battery-powered lights include residential and commercial sectors.
Sales channel of battery-powered lights include direct and indirect. The indirect ones include hypermarket/supermarket, specialty stores, independent small stores, multi-brand stores, and online.
The battery-powered lights are sold across North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The industry is going to be worth USD 122.8 billion in 2024.
The current forecast projects a CAGR of 10.3% for the industry.
The industry to expected to reach USD 327.3 billion by 2034.
Fluorescent accounts for a significant market share.
India and China are predicted to be opportunity hotbeds in the future.
Philips and General Electric are influential industry players.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Technology 6.2. Pricing 6.3. End Use 6.4. Sales Channel 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 7.1. Fluorescent 7.2. Incandescent 7.3. LED 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Pricing 8.1. Economy 8.2. Mid-Range 8.3. High Range 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 9.1. Residential 9.2. Commercial 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 10.1. Direct 10.2. Indirect 10.2.1. Hypermarket/Supermarket 10.2.2. Specialty Stores 10.2.3. Independent Small Stores 10.2.4. Multi-Brand Stores 10.2.5. Online 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. South Asia 11.5. East Asia 11.6. Eastern Europe 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Technology, Pricing, End Use, and Sales Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. American Lighting Inc 21.2. OTOP USA Inc. 21.3. Legrand S.A 21.4. BelloLite 21.5. Eaton Corporation 21.6. Hubbell Lighting Inc 21.7. Philips 21.8. Schneider Electric SE 21.9. General Electric 21.10. Mr Beams 21.11. Emerson Electric
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