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LED Desk Lamp Market Segmented By Type such as Reading Lamp and Decorative Lamp with Application such as Home, Commercial and Others
Light Emitting Diode (LED) lamps replace conventional light bulbs with an array of LEDs. Notably, LED lamps are more energy-efficient as compared to conventional lamps. LED desk lamps are most commonly used on study and work desks. They usually emit an ultra-white light, but are now available in other colour variants as well. These lamps are available in a variety of shapes, sizes and designs to blend seamlessly with room decors.
The LED desk lamp market is fragmented as several players from the wiser electronics market have sought to capture a share in the rapidly expanding market. The market is shaped by competition over costs, lamp designs, utility, energy efficiency, durability, weight, etc. This makes R&D and product innovations a key feature in the market.
Incorporation of new technologies into LED table lamps has also been a focus area for market R&D. For example, SYSKA LED and General Electric Company have developed LED lamps that incorporate Amazon’s Alexa, an Artificial Intelligence (AI) technology. Certain LED desk lamps also contain charging mechanisms.
Some of the key global players in the LED desk lamp market include Koninklijke Philips, Guanya, Brightech, OPPLE Lighting, Tomons, Yingke, Panasonic, Philips, General Electric Company, Cree, VAVA, Toshiba, PHIVE, Etekcity, OSRAM, Donghia, BenQ, MaxLite, Sunllipe, Koncept, Ningbo Liangliang, SYSKA LED, Newhouse Lighting, Yingke Lighting Electric, Xiaomi Corporation and Lumiy.
Keeping in line with the growing trend of online distribution channels gaining popularity, several key players have sought to increase their online presence as well. Some, such as SYSKA LED and Xiaomi, have also established their own online distribution channels.
At the same time, offline distribution channels have remained the largest distribution channel for the market, mainly led by electronic stores and supermarkets. This has caused manufacturers to strengthen syndication with vendors. Chroma, Wal-Mart, Ikea and Reliance Digital are among the prominent vendors in the market.
Some popular brands available in the LED desk lamp market include TaoTronics, Deeplight, TW, Lepower, Novoledo, Mafiti, Miady, Limelights, Mi, Globe Electric, Fujetek, Bohon, CeSunlight, Simple Designs, Pinsoon, Harmonic, Torchstar, Etekcity, Aukey, Topelek, etc.
Concerns over climate change and global warming have created a need for energy-efficient electronic products, both at the public and governmental levels. This has resulted in an increasing number of people opting for LED desk lamps.
The LED desk lamp market has also benefited tremendously from market-friendly government policies and subsidies in several countries, including developing countries in Asia, Africa and Latin America.
Economic turmoil caused due to the Covid-19 pandemic will on an average result in a reduction in disposable incomes, which may tempt buyers to opt for cheaper conventional lamps. It is hence likely that the LED desk lamp manufacturers will target their marketing strategies towards emphasising the energy-efficiency, durability and long-term cost benefits of their products. Bringing down product costs will be another focus area.
The East Asian and South Asian regional segments have enjoyed the largest share in the LED desk lamp market on account of East Asia’s consolidated economies and the growing economies of India, China, Bangladesh and the Southeast Asia nations.
These growing economies are expected to ensure that these regional segments also witness the fastest growth in coming years, subject to their ability to emerge swiftly from the Covid-19 induced economic crisis. Notably, these regions, especially China, are also the hub of LED desk lamp manufacturing.
The European regional segment is the other fast-growing segment, mainly on account of several favourable government policies in countries like Sweden, Germany and France that promote the use of energy-efficient products like LED desk lamps. North America is the other large regional segment for the LED desk lamp market.
Latin America, led by Brazil and Mexico, Oceania and Middle East and Africa are other key regional segments.
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