LED Table Lamps Market Size, Share & Trends Analysis Report By Type (Decorative Lamps, Reading Lamps), By Application (Commercial, Residential), By Distribution Channel, By Region, And Segment Forecasts, 2024

Description

LED Table Lamps Market Growth & Trends:

The global LED table lamps market size is expected to reach USD 35.3 billion by 2030 registering a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Rising demand for the energy-efficient lighting system owing to increasing awareness about global warming is the key factor driving the product sales. In addition, growing popularity of smart homes, especially in developing economies including China and India, is propelling the product demand.

Major manufacturers are introducing advanced products to gain maximum market share. For instance, in December 2016, General Electric Company launched a table lamp that features Amazon's 'Alexa'. The company has collaborated with Amazon to fix lamp over the top of Echo Dot device. The new product can be operated through a voice command. Thus, such product innovations in the market are also expected to fuel the industry growth over the forecast period.

Decorative products was the largest segment in 2023 with a market share of more than 60%. Asia Pacific is expected to be the fastest-growing regional market at a CAGR of 16.1% from 2024 to 2030. Key companies in the region are focusing on product optimization along with technological and product innovation to cater to the increasing demand, which is likely to boost the APAC market. For instance, in June 2019, Xiaomi launched its latest LED table lamp for housing segment under the brand name 'Mi Table Lamp 1S' in China.

The new product has four different modes and has its own voice-controlled smart assistant. Some of the prominent companies in the global market are Koninklijke Philips N.V.; OSRAM GmbH; Ningbo Liangliang; General Electric Company; SYSKA LED; Panasonic Corp.; GUANYA; OPPLE Lighting; Donghia, Inc.; and Yingke Lighting Electric Co., Ltd.

LED Table Lamps Market Report Highlights:

Commercial application segment led the global LED table lamps market in 2023 and will retain its dominant position throughout the forecast years due to wide product usage in offices, restaurants, etc.
Decorative lamps is expected to be the fastest-growing as well as the largest product segment during the forecast years.
Offline distribution channel is the largest segment; however, online segment will expand at the maximum growth rate from 2024 to 2030.
APAC will be the largest and fastest-growing market from 2024 to 2030 due to the presence of emerging economies along with a number of initiatives and policies encouraging the usage of energy-efficient lighting system.

Product Code: GVR-3-68038-618-9

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. LED Table Lamps Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. LED Table Lamps Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. LED Table Lamps Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. LED Table Lamps Market: Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Reading Lamps
- 4.3.1. Reading Lamps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Decorative Lamps
- 4.4.1. Decorative Lamps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. LED Table Lamps Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. LED Table Lamps Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Residential
- 5.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Commercial
- 5.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. LED Table Lamps Market: Distribution Chanel Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. LED Table Lamps Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
6.3. Offline
- 6.3.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Online
- 6.4.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. LED Table Lamps Market: Regional Estimates & Trend Analysis

7.1. LED Table Lamps Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
- 7.2.1. North America LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. U.K.
  - 7.3.2.1. U.K. LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
  - 7.3.5.1. Italy LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
  - 7.3.6.1. Spain LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
  - 7.4.2.1. Japan LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. China
  - 7.4.3.1. China LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia & New Zealand
  - 7.4.5.1. Australia & New Zealand LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. South Korea LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. South Africa LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
  - 7.6.3.1. Saudi Arabia LED Table Lamps Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Koninklijke Philips N.V.
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. OSRAM GmbH
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Cree Inc.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Zumtobel Group AG
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Acuity Brands Lighting Inc.
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. General Electric Company
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Hubbell Incorporated
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Eaton Corporation PLC
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Panasonic Corporation
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Flos S.p.A.
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives

LED Table Lamps Market Size, Share & Trends Analysis Report By Type (Decorative Lamps, Reading Lamps), By Application (Commercial, Residential), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030