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Global Night Light Market Expected to Witness a Sustainable Growth over 2023
A nightlight is a small light fixture, often electrical, placed for comfort or convenience in dark areas or areas that may become dark at certain times, such as in an emergency.
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Global Night Light Market: Forecast by Type / Application / Region
The biggest region to produce night light is China, which accounted for over 26.51 % of production in total. The labor cost in China is much lower than US and Europe so there are many manufacturers doing OEM business in China. The market share of North America and Europe are 21.93% and 12.90%
Night light industry concentration is relatively high. The largest producer is Philips, accounting for 12.19 percent market share in value in 2015, followed by Eaton and Osram. The industry competitive landscape is relatively stable.
The market scale will keeps greatly increasing in the next few years. Although sales of night light brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the night light field.
Over the next five years, LPI(LP Information) projects that Night Light will register a 4.6% CAGR in terms of revenue, reach US$ 260 million by 2023, from US$ 200 million in 2017.
Global Night Light Market: Key Players
Philips
Eaton
Osram
GE
Panasonic
Legrand
Opple
PAK
Hugo Brennenstuhl
Feit Electric
AmerTac
Munchkin
Maxxima
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Related Information:
United States Night Light Market Research Report 2018
Europe Night Light Market Research Report 2018
North America Night Light Market Research Report 2018
Asia-Pacific Night Light Market Research Report 2018
China Night Light Market Research Report 2018
EMEA Night Light Market Research Report 2018
Global Night Light Market Research Report 2018
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