Led Work Lights Market

Global Market Study on LED Work Light: ‘Portability’ Emerging as a Sought-after Feature

Introduction

A number of recent developments have ushered the global LED work light market into a period of growth and advancement. Portable lights specifically designed to temporarily illuminate the working area at a residential premise and/or a commercial and industrial workplace and uses LED technology as a source of illumination are termed as LED work lights.

According to the market estimates, the global LED Work Light market is foreseen to reach ~US$ 13 Bn by the end of the forecast period, registering ~CAGR of 3.5%. The key reason cited for the increase in the LED work light market includes swift penetration of LED technology in portable lighting solutions due to better illumination capabilities and substantial of flashlight in the market space.

The report covers a complete study of the LED Work Light market with an analysis of types of LED Work Light. The report summarizes the parent market for LED Work Light and markets, which are going to impact the growth of the LED Work Light market. It provides a brief description of how the LED Work Light market will perform in various regions around the world according to the previous performance and future potential in respective regions.

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Companies

Company Profiles:

  • ABL Lights Inc.
  • Bayco Products Inc.
  • Cooper Industries (EATON Corporation)
  • Ericson Manufacturing Co.
  • Larson Electronics LLC
  • Lex Products Corp
  • Luceco plc
  • Streamlight Inc.
  • WF Harris Lighting

Battery-operated LED Work Light to Witness Skyrocketing Growth

As per the market consensus, there are mainly two product types available for LED work light i.e. battery-operated and plug-in LED work lights. Among these LED work lights, the battery-operated LED work light is ascertained to dominate the global market due to a range of various advantages including its application in remote areas, high portability, among others.  Consumer expectations for portable and easy to use work light products also attribute to the growth of the LED work light market in the foreseeable future.

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Demand for Product Efficiency Poised to Surge the Demand 

The market expansion of the global LED work light market is currently confined to an extent owing to the perception among some consumers that LED work lights are expensive. Also, there exists a potential consumer segment that lacks awareness regarding the benefits of using LED lighting products. 

Increasing demand for energy-efficient work lights offering durability to work in more severe conditions and requiring low maintenance are primarily driving the market for LED work lights. LED work lights are preferred over other work lights as LED work lights offer higher efficiency and longer battery life.

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Residential Applications Set to Fuel the Pace of LED Work Light Market

In the market assessment it was found that the adoption of LED work light has taken a significant upsurge in the market share of global residential lighting sales. LED work light sales have overtaken fluorescent sales in the residential sector, and that share is expected to continue expanding. Importantly, countries need to take advantage of recent sales trends and update their regulatory policies pertaining LED work lights.

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Europe and Asia Pacific to Grow at an Unprecedented Rate

The rapid development of LED work light technology has enabled a better energy-efficient feature than traditional light sources. Being a huge producer of farm products, Europe and Asia Pacific stay ahead of the other region in terms of consumption of LED work lights. Also, application of LED work lights in agricultural lighting can efficiently increase crop yields.

With an ongoing advancement in the contemporary LED work lights, it has been assessed that Asia Pacific to emerge as a lucrative LED work light market. Moreover, countries are mandating standards that could eventually outlaw other high-wattage lighting solutions, thereby, attributing to the high sales of LED work lights.

Additionally, OSHA’s workplace lighting standards and regional regulations to avoid the usage of halogen and incandescent work lights are foreseen to bolster the demand for LED work lights.

LED Work Light Market – Competitive Landscape

Unprecedented change in the lighting industry has been substantially assessed in the report. In terms of LED Work Light market structure, it shows a perfect competitive scenario; where a large number of regional and domestic brands are operating in the market. More than 4% of the global LED Work Light market is led by top 8-10 brands/companies.

Moreover, the companies in the Led work light market are adopting strategies such as product repositioning, rebranding, new geographic reach, and exploring novel applications and end-user to gain competitive-edge in an ever-growing LED work light market. 

Prominent players covered in the LED Work Light market report includes -

  • ABL Lights Inc.
  • Bayco Products Inc.
  • Cooper Industries (EATON Corporation)
  • Ericson Manufacturing Co.
  • Larson Electronics LLC
  • Lex Products Corp
  • Luceco plc
  • Streamlight Inc.
  • WF Harris Lighting

LED Work Light Market: Segmentation

By Product
  • Flashlight
  • Spotlight
  • Clamplight
  • Lantern
  • Others
By Operation
  • Battery Operated
    • Rechargeable
    • Non-Rechargeable
  • Plug-in
By Sales Channel
  • Direct Sales
  • Retail Outlets
  • Online
By End Use
  • Residential
  • Commercial & Institutional
    • Garages
    • Farms
    • Laboratories
    • Others
  • Industrial
By Region
  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

 

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