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Battery Operated Lights Market: 2022 to 2026 Analysis of Major Players as well as the Global Market and Key Countries such as Japan - Technavio

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NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Japan is the leading production and sales market in the APAC region and contributes to the top innovative electronic equipment production among the different countries. Japan boasts unparalleled world-leading manufacturers and suppliers of electrical and electronic materials, components, and equipment across the value chain. These range from microelectronic components to electrical household appliances, automation systems, electronic medical equipment, and automotive electronics. To know more, Buy the Report!

In 2020, the COVID-19 pandemic had a negative impact on the battery operated lights market, as governments of various countries imposed nationwide lockdowns and restrictions. As a result, retail stores shut down, which decreased the demand for battery operated lights. However, in H2 2021, due to the availability of vaccines, the number of COVID-19 cases declined. This led to the reopening of retail stores selling battery operated lights. As a result, the demand for these products rebounded. For more insights – Download a Sample Report!

Japan is one of the top key country contributors to the global battery operated lights market. The market is segmented by application (commercial and residential) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The global battery operated lights market is estimated to grow at a CAGR of 5.9% between 2021 and 2026. The size of the market is forecasted to increase by USD 32.62 billion.

The major vendors for the global battery operated lights market include Acuity Brands Inc., Astera LED Technology GmbH, Bayco Products Inc., BelloLite, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hafele SE and Co KG, Hubbell Inc., Koninklijke Philips NV, Larson Electronics LLC, Legrand SA, Neo Neon Holdong Ltd., Orient Electric Ltd, Patlite Corp., Prism Lighting Group, Ring LLC, Schneider Electric SE, The Glow Company UK Ltd., and VIGNAL ABL USA among others. To know about the vendor offerings, Request a PDF Sample!

The growing online sales of battery-operated lights are notably driving the battery operated lights market growth, although factors such as governments' plans to phase out incandescent and battery-operated fluorescent lights may impede the market growth.

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Battery Operated Lights Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive battery operated lights market growth during the next five years
  • Precise estimation of the battery operated lights market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the battery operated lights industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of battery operated lights market vendors

Battery Operated Lights Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.9%

Market growth 2022-2026

USD 32.62 billion

Market structure

Fragmented

YoY growth (%)

5.29

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Key companies profiled

Acuity Brands Inc., Astera LED Technology GmbH, Bayco Products Inc., BelloLite, Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Hafele SE and Co KG, Hubbell Inc., Koninklijke Philips NV, Larson Electronics LLC, Legrand SA, Neo Neon Holdong Ltd., Orient Electric Ltd, Patlite Corp., Prism Lighting Group, Ring LLC, Schneider Electric SE, The Glow Company UK Ltd., and VIGNAL ABL USA

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, and market condition analysis for the 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.

Browse for Technavio's information technology market reports

Table of contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Commercial - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Commercial - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 29: Data Table on Commercial - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Chart on Commercial - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Commercial - Year-over-year growth 2021-2026 (%)
  • 5.4 Residential - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Residential - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 33: Data Table on Residential - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Chart on Residential - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Residential - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Application 
    • Exhibit 36: Market opportunity by Application ($ billion)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 BelloLite 
    • Exhibit 89: BelloLite - Overview
    • Exhibit 90: BelloLite - Product / Service
    • Exhibit 91: BelloLite - Key offerings
  • 10.4 Eaton Corp. Plc 
    • Exhibit 92: Eaton Corp. Plc - Overview
    • Exhibit 93: Eaton Corp. Plc - Business segments
    • Exhibit 94: Eaton Corp. Plc - Key news
    • Exhibit 95: Eaton Corp. Plc - Key offerings
    • Exhibit 96: Eaton Corp. Plc - Segment focus
  • 10.5 Emerson Electric Co. 
    • Exhibit 97: Emerson Electric Co. - Overview
    • Exhibit 98: Emerson Electric Co. - Business segments
    • Exhibit 99: Emerson Electric Co. - Key news
    • Exhibit 100: Emerson Electric Co. - Key offerings
    • Exhibit 101: Emerson Electric Co. - Segment focus
  • 10.6 General Electric Co. 
    • Exhibit 102: General Electric Co. - Overview
    • Exhibit 103: General Electric Co. - Business segments
    • Exhibit 104: General Electric Co. - Key news
    • Exhibit 105: General Electric Co. - Key offerings
    • Exhibit 106: General Electric Co. - Segment focus
  • 10.7 Hubbell Inc. 
    • Exhibit 107: Hubbell Inc. - Overview
    • Exhibit 108: Hubbell Inc. - Business segments
    • Exhibit 109: Hubbell Inc. - Key offerings
    • Exhibit 110: Hubbell Inc. - Segment focus
  • 10.8 Koninklijke Philips NV 
    • Exhibit 111: Koninklijke Philips NV - Overview
    • Exhibit 112: Koninklijke Philips NV - Business segments
    • Exhibit 113: Koninklijke Philips NV - Key news
    • Exhibit 114: Koninklijke Philips NV - Key offerings
    • Exhibit 115: Koninklijke Philips NV - Segment focus
  • 10.9 Legrand SA 
    • Exhibit 116: Legrand SA - Overview
    • Exhibit 117: Legrand SA - Business segments
    • Exhibit 118: Legrand SA - Key offerings
    • Exhibit 119: Legrand SA - Segment focus
  • 10.10 Neo Neon Holdong Ltd. 
    • Exhibit 120: Neo Neon Holdong Ltd. - Overview
    • Exhibit 121: Neo Neon Holdong Ltd. - Business segments
    • Exhibit 122: Neo Neon Holdong Ltd. - Key offerings
    • Exhibit 123: Neo Neon Holdong Ltd. - Segment focus
  • 10.11 Ring LLC 
    • Exhibit 124: Ring LLC - Overview
    • Exhibit 125: Ring LLC - Product / Service
    • Exhibit 126: Ring LLC - Key offerings
  • 10.12 Schneider Electric SE 
    • Exhibit 127: Schneider Electric SE - Overview
    • Exhibit 128: Schneider Electric SE - Business segments
    • Exhibit 129: Schneider Electric SE - Key news
    • Exhibit 130: Schneider Electric SE - Key offerings
    • Exhibit 131: Schneider Electric SE - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 132: Inclusions checklist
    • Exhibit 133: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 134: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 135: Research methodology
    • Exhibit 136: Validation techniques employed for market sizing
    • Exhibit 137: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 138: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

First published on Tue, Feb 7, 2023

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