PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555772
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555772
Battery-operated Lights Market size was valued at USD 120,094.32 Million in 2023, expanding at a CAGR of 10.50% from 2024 to 2032.
The battery-operated lights market is experiencing significant growth due to rising demand for portable and energy-efficient lighting solutions across various applications, including residential, commercial, and industrial sectors. These lights are particularly favored for their convenience, ease of installation, and ability to operate without direct power sources, making them ideal for use in outdoor activities, emergencies, and locations with limited access to electricity. Technological advancements have led to the development of more efficient batteries and LED lights, enhancing the longevity and brightness of battery-operated lighting. Additionally, the increasing popularity of smart home devices and growing consumer awareness about energy conservation contribute to market expansion. The market is further driven by innovations such as motion-sensor lights, dimmable options, and rechargeable batteries, which enhance user experience and environmental sustainability.
Battery Operated Lights Market- Market Dynamics
Rising Consumer Awareness of Energy Efficiency Drives Need for Battery Operated Lights Market
As more people become conscious of the environmental impact of their energy consumption and seek sustainable solutions, there is a marked increase in the adoption of battery-operated lighting products. These lights offer an efficient alternative to traditional lighting options, providing users with flexibility, portability, and lower energy costs. The survey, covering nearly 15,000 households across 21 States, found that more than 75% of air-conditioners and 60% of refrigerators used in Indian homes were star-labelled. Further, nearly 90% of Indian homes used LED lamps or tubes. Consumers are increasingly opting for battery-operated lights for a variety of applications, ranging from emergency and outdoor lighting to decorative and task-specific uses. This shift is further propelled by technological advancements in battery performance and LED technology, which enhance the efficiency, longevity, and brightness of these lights, making them an attractive choice for energy-conscious consumers. As a result, the battery-operated lights market is poised for substantial growth in response to the rising demand for energy-efficient lighting solutions.
Battery Operated Lights Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 10.50% over the forecast period (2024-2032)
Based on product type segmentation, LED Battery Operated Lights was predicted to show maximum market share in the year 2023
Based on application segmentation, Commercial was the leading type in 2023
Based on distribution segmentation, Offline was the leading type in 2023
Based on end user segmentation, Commercial was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Battery Operated Lights Market is segmented on the basis of Product Type, Application, Distribution, Battery Type, End User, and Region.
The market is divided into four categories based on product type: LED Battery Operated Lights, Incandescent Battery Operated Lights, Fluorescent Battery Operated Lights, and Others. In the battery-operated light market, LED LED Battery Operated Lights is highly esteemed. Manufacturers and consumers alike favor them because of their higher energy efficiency, long lifespans, and versatile designs. An excellent technique to brighten the space without using an electrical outlet is using LED lights. They provide additional lighting for tasks like reading and working on projects. They are easy to carry around when traveling because they are also portable. Customers are being encouraged to switch from traditional fluorescent and incandescent lights by these features of LED lights.
The market is divided into two categories based on Distribution Channels: Online and Offline. Direct buying's "touch and feel factor" might not have an impact on the offline lighting market. There are many options available offline, and consumers think that because they can physically inspect lights before buying them, the online distribution channel won't have a significant impact on the offline distribution channel. When two identical products with different brands but similar characteristics are offered online, it can be confusing because no one is there to help them decide which option to select and why.
Battery Operated Lights Market- Geographical Insights
The Battery Operated Lights market in North America is characterized by strong demand driven by various applications across residential, commercial, and industrial sectors. The region's well-established infrastructure and high consumer awareness about energy efficiency have contributed to the growing adoption of battery-operated lighting solutions. The market benefits from the increasing popularity of smart home technologies, which often include battery-operated lights as part of automated home systems. In addition, North America's focus on sustainability and reducing carbon footprints has led to a rise in the use of battery-operated LED lights, which are more energy-efficient than traditional lighting solutions. Key markets within North America, including the United States and Canada, are experiencing growth due to their robust retail distribution networks, technological advancements, and increased spending on home renovation and improvement projects. Additionally, the region's frequent occurrence of power outages and natural disasters has heightened the need for reliable, portable lighting solutions, further fueling the demand for battery-operated lights.
The Battery Operated Lights market includes several key players vying for market share through innovative products and diverse offerings. Major companies in this market include Energizer Holdings, Inc., Koninklijke Philips N.V., and Panasonic Corporation, all of which have a strong presence due to their extensive distribution networks and well-established brand reputations. Energizer Holdings, for instance, leverages its expertise in battery technology to offer efficient and long-lasting battery-operated lighting solutions. Philips focuses on smart lighting systems that integrate with home automation technologies, appealing to tech-savvy consumers. Panasonic's strategy revolves around sustainability, promoting rechargeable battery-operated lights that reduce environmental impact. Other notable players include GE Lighting, Westinghouse Electric Corporation, and Nite Ize, Inc., which compete by providing unique features such as waterproof designs, high durability, and multi-functional usage for outdoor and emergency applications. The market is also seeing the entry of new players, particularly from Asia-Pacific, who offer competitively priced products, further intensifying competition. Overall, the competitive landscape is characterized by a mix of innovation, strategic marketing, and a focus on catering to diverse consumer needs and preferences.
In April 2024, Nordic Semiconductor and Renata SA, a leading global manufacturer and supplier of battery solutions, announced a partnership enabling customers to select Li-Poly batteries that have already been profiled to operate with the nPM1300 Power Management IC's (PMIC) highly accurate fuel gauge. This circumvents the battery profiling stage, saves design time at the product development stage, and accelerates time-to-market.
In Jan 2023, Eve Systems announced the second generation of its portable LED lamp, the Eve Flare, and the availability of its new Eve Shutter Switch for in-wall roller shutters. Both products from the smart home device maker are Bluetooth- and Thread-enabled and work with Apple Home and Siri voice control.