“Global Battery Operated Lights Market to reach a market value of 226.7 Billion by 2031 growing at a CAGR of 9.9%”
The Global Battery Operated Lights Market size is expected to reach $226.7 billion by 2031, rising at a market growth of 9.9% CAGR during the forecast period.
Many countries in the Asia-Pacific region experience frequent power outages due to infrastructure challenges, natural disasters, or energy supply issues. Battery-operated lights provide a reliable illumination source during these outages, driving their demand. The Asia-Pacific region is experiencing rapid urbanization and infrastructure development, leading to increased demand for versatile lighting solutions. Consequently, the Asia Pacific region would acquire nearly 32% of the total market share by 2031.
As urban areas expand, there is a greater need for portable and flexible lighting solutions. Battery-operated lights are ideal for temporary and mobile lighting needs, such as construction sites, street lighting during development phases, and outdoor events in urban areas. In addition, new residential and commercial developments often require temporary lighting solutions during the construction phase. Hence, increasing urbanization and infrastructure development is propelling the growth of the market.
Additionally, Battery-operated lights offer versatility, making them suitable for various applications, such as camping, outdoor events, emergency situations, and temporary lighting setups. Furthermore, these lights provide crucial illumination when other sources are unavailable in emergencies such as power outages, natural disasters, or during evacuations. Thus, the growing demand for portable lighting solutions propels the market's growth.
However, Due to their limited operational time, these lights often require frequent battery replacements. This can be inconvenient for users, especially in applications where continuous or long-term lighting is needed, such as emergency situations or outdoor settings. Moreover, many battery-operated lights are constrained by their batteries' capacity, limiting their ability to deliver high levels of brightness or operate for extended periods. Hence, limited battery life and performance issues are hampering the growth of the market.
Based on end use, the market is divided into residential and commercial. The residential segment attained 39% revenue share in the market in 2023. Battery-operated lights are essential for households during power outages and emergencies. They provide a reliable light source when the main power supply is unavailable, ensuring safety and convenience.
By pricing, the market is divided into high-range, mid-range, and economical. The economical segment procured 37% revenue share in the market in 2023. The primary appeal of the economical segment in the battery-operated lights market is affordability. Consumers often prioritize cost when purchasing products, and economical options provide a budget-friendly choice that meets their immediate needs without a significant financial burden.
On the basis of technology, the market is segmented into fluorescent, incandescent, and LED. In 2023, the LED segment attained 30% revenue share in the market. LEDs are highly energy-efficient compared to traditional incandescent and fluorescent bulbs. They consume less power, which is crucial for battery-operated lights, as they extend the battery life and reduce the frequency of recharging or replacing batteries.
Free Valuable Insights: Global Battery Operated Lights Market size to reach USD 226.7 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 38% revenue share in the market in 2023. In North America, stringent safety and building codes require reliable emergency lighting solutions in both residential and commercial settings. Battery-operated lights help meet these regulations by ensuring that emergency lighting is available.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 108.3 Billion |
| Market size forecast in 2031 | USD 226.7 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 9.9% from 2024 to 2031 |
| Number of Pages | 218 |
| Number of Tables | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | End Use, Pricing, Technology, Region |
| Country scope |
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| Companies Included | S4 Lights, BelloLite, General Electric Company, American Lighting, Inc., Koninklijke Philips N.V., Stanley Black & Decker, Inc., Berkshire Hathaway, Inc. (Duracell, Inc.), The Coleman Company, Inc. (Newell Brands, Inc.), Streamlight Inc. and Maglite (Mag Instrument Inc). |
By End Use
By Pricing
By Technology
By Geography
This Market size is expected to reach $226.7 Billion by 2031.
Increasing urbanization and infrastructure development are driving the Market in coming years, however, Limited battery life and performance issues restraints the growth of the Market.
S4 Lights, BelloLite, General Electric Company, American Lighting, Inc., Koninklijke Philips N.V., Stanley Black & Decker, Inc., Berkshire Hathaway, Inc. (Duracell, Inc.), The Coleman Company, Inc. (Newell Brands, Inc.), Streamlight Inc. and Maglite (Mag Instrument Inc).
The expected CAGR of this Market is 9.9% from 2024 to 2031.
The Mid-Range segment led the Market by Pricing in 2023; thereby, achieving a market value of $106 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $82.9 billion by 2031.
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