Press release
Which are the major industries uses LED Work Light Market? ABL Lights Inc., WF Harris Lighting, Bayco Products, Streamlight., Cooper Industries, Luceco
LED Work Light
๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฃ๐ฎ๐ด๐ฒ๐: [130 Pages]
Despite being popular among end users, there is a massive low awareness among users, especially in emerging economies. A vast number of users in these countries are still using CFL and incandescent light fixtures. Moreover, there is a perception among many users that LED lights are relatively expensive as compared to conventional lights, which in turn, is expected to hinder the global LED work light market growth in the near future.
The global LED work light market is estimated to account for US$ 11,620.6 Mn in terms of value by the end of 2027.
๐๐ผ ๐ณ๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ฏ๐ผ๐๐ LED Work Light Market
https://www.coherentmarketinsights.com/market-insight/led-work-light-market-3873
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Market Trends
Building online sales channels
Many LED work light manufacturers are focused on building online sales channels for effective sales and distribution.
In order to meet the premeditated aim, work light manufacturers are using online sales channels to help customers buy products. Furthermore, they are providing price incentives for online purchases, and have been stationing their direct business development representatives and agents in various cities to ensure quick product delivery. For instance, Scangrip, a Denmark-based company, is promoting and selling their LED work light products through their online sales and distribution partner, work lightpro.co
Major focus on merger and acquisition activities
Major companies in the market are focused on merger and acquisition activities, in order to gain a competitive edge in the market. For instance, in February 2013, Lex Products, a manufacturer of LED lighting products, acquired ATS Lighting, a manufacturer of industrial portable fluorescent work lights and temporary lighting systems, and expanded into the portable work light market with ATS Lightingโs line of industrial work lights by re-branding it.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฃ๐๐ ๐๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ:
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๐๐ฟ๐ฒ๐พ๐๐ฒ๐ป๐๐น๐ ๐๐๐ธ๐ฒ๐ฑ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐ (๐๐๐ค) :
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ถ๐๐ฒ, ๐๐ต๐ฎ๐ฟ๐ฒ ๐ผ๐ณ LED Work Light ?
๐ฌ๐ฒ๐, The global LED work light market was valued at US$ 9,076.3 Mn in 2019 and is forecast to reach a value of US$ 11,620.6 Mn by 2027 at a CAGR of 3.1% between 2020 and 2027.
๐ช๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ธ๐ฒ๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐/๐ฝ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ LED Work Light?
๐ฌ๐ฒ๐, You can add Specific ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐๐ฝ๐๐ผ ๐ฏ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐.
Companies Covered as part of this study include: ABL Lights Inc., WF Harris Lighting, Bayco Products Inc., Streamlight Inc., Cooper Industries (EATON Corporation), Luceco plc, Ericson Manufacturing Co., Lex Products Corp, and Larson Electronics LLC.,
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According to Coherent Market Insightsโ analysis, since 2011, the global market of LED lighting products has been growing annually by more than 10% consistently, as is the case with LED work lights. It has been observed that the market ratio of lighting fixtures and replacement light sources was 8:2. The top ten LED lighting firms accounted for around one-third of the global market.
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