According to HTF Market Intelligence, the Global LED Table Lamp market to witness a CAGR of 8.69% during forecast period of 2023-2028. Global LED Table Lamp Market Breakdown by Application (Reading Lamp, Decorative Lamp, Portable Lamp) by Type (Home Appliance, Commercial Appliance) by Wavelength Range (Red (Around 700 nanometers), Blue-violet (Near 400 nanometers)) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The LED Table Lamp market size is estimated to increase by USD 4.25 Billion at a CAGR of 8.69% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 5.12 Billion.
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LED table lamps are lighting devices that use light-emitting diodes (LEDs) as their primary light source. These lamps typically have a sleek and modern design and are often used as a decorative element in homes and offices.
LED Table Lamp market – Key Segment Analysis
The market share growth by the Home Appliance, segment will be significant during the forecast period. The segment is driven by the Increasing awareness about the benefits of LED lighting.
LED Table Lamp market – Competition Analysis
The global LED Table Lamp market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Philips, OSRAM, Liangliang, Panasonic, GUANYA, OPPLE, Yingke, DP, Donghia, VAVA.
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LED Table Lamp
Market Drivers
- Increasing awareness about the benefits of LED lighting
Market Trend
- Growing demand for energy-efficient lighting solutions
Market Opportunities
- Expansion of product offerings to include smart features
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What key data is demonstrated in this LED Table Lamp market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the LED Table Lamp market between 2023 and 2028
- Precise estimation of the size of the LED Table Lamp market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of LED Table Lamp market players
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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