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Battery Operated Lights Market : Growth in Manufacturing Sector after COVID-19 Pandemic Provides Huge Opportunities

10-26-2020 11:09 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Battery Operated Lights Market

Battery Operated Lights Market

Battery operated lights are the type of lighting systems, which do not require direct wiring or outlets and is powered by batteries. They do not need any complex installation system and can be used for indoor and outdoor purposes. The battery operated lighting system has been used for a long time in emergency lights and flashlights but as the technology advances, the use of battery operated lights has expanded in households as well as working places. Mainly light-emitting diode (LED) lights are used as battery operated lights, which can be fixed either temporarily or permanently according to the requirement of the customer. The battery operated LED lights generally are available in various sizes and shapes, which can be used on the walls, ceiling, closet, table lamps, garage, swimming pools, and others. The new variants of battery operated lights are incorporated with advanced features making it the Internet of Things (IoT).

COVID-19 Scenario Analysis:
• The coronavirus pandemic has impacted the manufacturing of battery operated lights due to the lockdown regulations being implemented in various countries and shortage in manpower.
• The export and import restrictions have caused a shortage of raw materials such as batteries, which are needed for the production of the products.
• The disruption of the supply chain and the transportation restrictions have led to a decline in the availability of products in the market.
• The shutdown of distribution channels has declined the sales of battery operated lights and has caused revenue crunch in the market.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Advancement in technology and innovative products has increased the requirement of sustainable battery operated lighting system. The lighting systems have evolved from the use of carbon filament bulbs to IoT lights, which can be operated by various types of batteries with the convenience of use. The increase in awareness, surge in technology and innovation, changes in trends and fashion, lighting system as home decor, attractive designs of the lights, long-lasting batteries, rechargeable batteries, environment-friendly products, increased urbanization, negligible consumption of electricity by battery operated lights, increase in dependence on electricity supply, high electricity prices, global warming, and environmental impact, government initiatives, increased safety of the product, ease of use of products, portable devices, and increase in disposable income drive the growth of the global battery operated lights market. However, the wide use of traditional lights, high price of battery operated lights, lack of awareness in the rural population, and high repair cost of batteries hinder the market growth.

The global battery operated lights market trends are as follows:

The surge of an advanced lighting system

The increase in demand for electricity for daily requirement residentially as well as commercially in working places, shops, markets, malls, and others have created exponential stress on the electricity sources and harmful effect on the environment by emissions, which contribute in global warming. The daily use of the lighting system and the rise in prices of electricity have created a demand for the battery operated lights. The innovative lights are developed to provide convenient illumination and safety of using the products. The new lighting system is developed on the three categories of lighting such as general or ambient, task lighting, and accent lighting; therefore the LED lights are designed in various sizes and shapes according to their mode of use. The battery operated lights can be used in the cabinets, closets, bathrooms, kitchens, pantries, garages, and other places where they can be attached and removed easily whenever required.

The incorporation of technological devices within the battery operated lights such as sensors, remote and phone connectivity, auto-timers, dual utility, waterproof feature, and others have increased the feasibility, convenience, and exhibition of the lighting system. The variants of battery operated lights consist of bars, pucks, misc, magnifiers, picture light, umbrellas, security lights, solar-powered lights cordless lights, garden lights, motion sensor lights, and others. The key manufacturers have launched the various types of lighting system which can be used permanently for daily use and specialty lights for occasional uses with enhanced batteries and safety systems.

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•Companies covered Philips, Hubbell Lighting Inc., Mr Beams, BelloLite, General Electric, American Lighting Inc., Eaton Corporation, Schneider Electric SE, Emerson Electric, Legrand S.A., OTOP USA Inc., Acuity Brands, ABL Lights Inc., Bayco Products Inc., Larson Electronics LLC.

Key Benefits of the Report:
• This study presents the analytical depiction of the global battery operated lights industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global battery operated lights market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global battery operated lights market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides detailed global battery operated lights market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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