Press release
Global LED Work Lights Poised to Bring in US$ 10.6 Billion Revenues by 2024 : Persistence Market Research
Led Work Lights Market
Prominent yet erroneous perceptions regarding the “high” costs of LED work lights have been, in one way or another, impacting their global sales
The fallacy that LED work lights are expensive has kept millions of potential customers away from seeking the benefits and power-savings of such products
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13960
Nevertheless, manufacturers of LED work lights are striving to curb the impact of such misconceptions by introducing advanced capabilities in existing product lines, and by extending the durability & power efficiency of new products. In a latest report published by Persistence Market Research, the global LED work lights market procured an estimated value of US$ 8,195 million in 2016. According to the report, the global market for LED work lights will expand moderately at 3.3% CAGR to reach US$ 10,661.3 million value by the end of 2024.
In terms of volume, more than 1 million units of LED work lights will be consumed globally by 2024-end. Despite the deterrents, factors such as growing online sales, surging demand for explosion-proof work lights, and rapid urbanization will continue bolster the global LED work lights sales in the years to come.
Battery Packs Powering the World’s LED Work Lights
Seven out of every ten LED work lights sold in the world are equipped with battery packs. This clearly indicates a higher preference to battery-operated LED work lights as opposed to plug-in products. In 2016, more than 660,000 units of battery-operated LED work lights were sold in the world, over 60% of which were rechargeable ones. On the other hand, global consumption of plug-in LED work lights is predicted to reach 315,000 units by the end of 2024.
Correspondingly, a majority of LED work lights being used for multiple operations are likely to be flashlights. The global market for LED work lights will keep witnessing lucrative growth for flashlight products, revenues from which will account for over 55% value share. Demand for lanterns is also expected to grow at a rampant pace of 4.3% CAGR, while spotlights, clamp lights and other LED work light products will lose out on their global market presence.
Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/led-work-lights-market/toc
In the report, titled “LED Work Light Market: Global Industry Analysis and Forecast, 2016-2024,” every other LED work light consumed across the globe is sold on an online platform. Such a key revelation has been effectively prompting manufacturers to explore their sales & marketing options beyond retail stores and direct sales centers. Likewise, almost every other LED work light is used for lighting residential spaces. In 2016, more than US$ 4,000 million worth of LED work lights were consumed for residential sectors across the globe, primarily for lighting up garages. Besides, the demand for LED work lights will be fairly higher for commercial & industrial end-use as well. By the end of 2024, around US$ 4,500 million in revenues will be amassed from global sales of LED work lights in industrial & commercial settings.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/13960
Lifestyles and eco-friendly choices of consumers play a crucial role in identifying potential buyers for LED work lights. Correspondingly, Europe is expected to remain the largest market for LED work lights in the world. With more than one-third share of global revenues, Europe’s LED work lights market value will soar modestly at 3.1% CAGR. Meanwhile, Asia-Pacific’s LED work lights revenues will acquire a relatively faster growth, registering a 3.8% CAGR. For North America, the projected LED work lights sales are likely to hit close to 210,000 units by the end of 2024. Leading manufacturers of LED work lights profiled in this report include, ABL Lights Inc., Bayco Products Inc., Cooper Industries (EATON Corporation), Streamlight Inc., Ericson Manufacturing Co., Larson Electronics LLC, WF Harris Lighting, Luceco plc, and Lex Products Corp.
About Us
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global LED Work Lights Poised to Bring in US$ 10.6 Billion Revenues by 2024 : Persistence Market Research here
News-ID: 541377 • Views: …
More Releases from Persistence Market Research
Global Automotive Active Health Monitoring Systems Market Expected to Surge from …
The Automotive Active Health Monitoring Systems Market is poised for significant growth over the forecast period of 2025 to 2032. This market is projected to expand from USD 683.9 million in 2025 to USD 2,338.3 million by 2032, registering a robust CAGR of 19.20%. Automotive active health monitoring systems are designed to track the real-time status of vehicles, enabling predictive maintenance, reducing downtime, and enhancing overall vehicle safety. With growing…
Primary Packaging Labels Market to Reach US$12.2 Bn by 2031 with Steady Growth a …
➤Overview of the Market
The global primary packaging labels market is a crucial segment of the packaging industry, enabling product identification, regulatory compliance, and brand differentiation. Primary labels are applied directly on product packaging, such as bottles, vials, boxes, and pouches, serving both functional and promotional roles. As consumer awareness of product authenticity and safety continues to rise, demand for innovative labeling solutions is expanding. Moreover, stringent regulatory frameworks in industries…
Shelf Stable Packaging Market to Reach US$10.7 Bn by 2031 with Steady Growth at …
➤Overview of the Market
The shelf stable packaging market plays a critical role in extending the shelf life of food and beverages without the need for refrigeration, ensuring product safety, convenience, and affordability. These packaging solutions-spanning cartons, pouches, cans, and plastic containers-are widely used in ready-to-eat meals, dairy alternatives, sauces, soups, and beverages. Growth in the market is closely linked to evolving consumer lifestyles, increasing urbanization, and demand for long-lasting packaged…
Print Label Market to Reach US$68.6 Bn by 2031 with Steady Growth at 4.3% CAGR - …
➤Overview of the Market
The global print label market is poised for substantial expansion, driven by increasing demand across industries such as food & beverages, pharmaceuticals, cosmetics, and logistics. Labels play a crucial role in brand identity, product differentiation, and regulatory compliance. In addition to providing essential information like product ingredients, expiration dates, and barcodes, printed labels serve as key marketing tools that influence consumer purchase decisions. With the rapid rise…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
