As per this study the Global LED Table Lamp Market was valued USD XXX.X MN (by revenue) in 2019 and is anticipated to reach USD XXXX.X MN by 2026 with a CAGR of X.X%.
LED table lamp is a small lamp installed with LED lighting fixtures usually placed on table to provide sufficient light for reading, studying and other related chores. LED lighting technology provides an ultra white light with that consumes less power supply. Wide range of LED table lamp is available depending upon, shape, size, power consumption, style, color and finishes that readily blends and enhances room décor.
Growing demand of lightweight, cost effective, durable lighting fixtures to provide brighter light is driving demand of LED lamps for household and office purpose. Rising adoption modernizing lighting system to enhance home décor is fueling the market growth. Also, rising R&D activities by manufacturers to provide sleeker, low power consuming lamps with additional features is likely to raise the market demand high in the following timespan. However, relatively high cost of LED lamps over traditional lamps may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of LED table lamp.
The broad LED table lamp market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Reading Lamp
- Decorative Lamp
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for LED table lamp in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Asia Pacific LED Table Lamp Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the LED table lamp market include Donghia, DP, Guanya, Liangliang, OPPLE, Osram, Panasonic, Philips, VAVA and Yingke among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.