LED Table Lamps Market

LED Table Lamps Market by Products (Reading and Decorative), Applications (Household and Commercial), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Trends, Share, Size, and Forecast 2021 – 2028

  • Report ID: CG-296
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 127
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The global LED table lamps market is anticipated to expand at a CAGR of 14.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to the rising demand for energy-efficient and significant lighting systems for both household and commercial purposes. Climate change has become one of the main global issues and rising awareness of energy conservation are likely to push the demand for the products significantly.

The LED table lamps are energy-efficient lighting system widely used for household applications and commercial usage. Compared to the conventional lamps, these LED table lamps normally consume 80% less power and have higher durability that it is widely considered to have 40 times longer life. These factors are also expected to increase product demand during the analysis period. Addition of innovative technologies, such as AI assistance providing direct control through voice commands, are expected to further increase the product demand. Therefore, constant product revolution, in terms of technology, various color shades, designs, and shadow patterns, are helping to drive the growth of the market. Additionally, numerous government initiatives such as subsidies for LED lighting, media campaigns, and regularizing the energy appliances across the globe are key driving factors for the market growth. For example, the Egyptian Electricity Ministry recently started an awareness campaign to spread and encourage the citizens about their energy consumption and conservation. This campaign was also broadcasted on various social media and radio advertisements using key tagline, “Don’t be too lazy to turn off an appliance”. Currently, Egypt is the largest consumer of the electric power energy in the Middle East and Africa region and it has the third-largest economy of Africa.

Global LED Table Lamps Market Summary

Market Trends, Drivers, Restraints, and Opportunities

  • Rising usage of advanced lighting system to improve home decor is likely to boost the market during the coming years.
  • Growing demand for the energy-efficient lighting system owing to rising awareness about energy conservation and global warming is a major driving factor propelling the product sales.
  • Increasing popularity of smart homes and wide adoption of LED table lamps as a part of smart home especially in emerging economies such as China and India are driving the market growth.
  • Issues such as poor color rendition, blue hazard, light quality, temperature dependence, voltage sensitivity, blue pollution, and high initial price are some factors expected to hinder the market growth during the analysis period.
  • Major companies are focusing on product optimization including technological and product innovation to cater to the growing demand, which is presenting numerous opportunities for the market growth.
  • Massive R&D activities for products improvement and advanced features are key factors offering lucrative opportunities for the market expansion.

Scope of the Report

The report on the global LED table lamps market includes an assessment of the market, trends, segments, and regional markets. Overview as well as dynamics have also been involved in the report.

Attributes

Details

Report Title

Global LED table lamps Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Reading and Decorative), Applications (Household and Commercial), Distribution Channels (Online and Offline)

Regional Scope

Asia Pacific, Latin America, North America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast

Key Players Covered in the Report

General Electric Company, SYSKA LED, OSRAM GmbH, Koninklijke Philips N.V., and Ningbo Liangliang.

 

Global LED Table Lamps Market Segment Insights

Decorative segment held a major market share
Based on products, the market is divided into reading and decorative. The decorative segment held a major market share accounting for more than 40% in 2020 and is anticipated to witness robust growth in the coming years. Rising preference for smart home and wide adoption of the decorative interior lighting system as part of home decoration in residential and commercial spaces are key factors boosting the segment. Meanwhile, the reading segment is expected to hold a substantial market share during the forecast period owing to the increasing demand of the products especially from college students across the globe. Rising development of reading as a hobby and reading interest from the aging population especially in developed countries of North America and Europe are acting as major factors to fuel the segment growth.

Commercial segment constituted the large market share
On the basis of applications, the global LED table lamps market is classified into household and commercial. The commercial segment held a major market share in 2020 and is projected to register a robust growth rate in the coming years. Increasing use of the LED table lamps in restaurants, business offices, and several other commercial spaces as an energy-efficient lighting solution are key aspects for the segment growth. Growing number of commercial set-ups in emerging economies including China, India, and Bangladesh, on account of supportive government policies and fast urbanization are also likely to offer several growth opportunities. On the other hand, the household segment is anticipated to be the fastest-growing segment, expanding at a CAGR of 16.2% from 2021 to 2028 owing to wide adoption of the lamps for household purposes. Extensive production of home décor light systems by prominent manufacturers are driving the segment growth.

Global LED Table Lamps Market By Application

Online segment is growing at a fast pace
By distribution channels, the market is segmented into online and offline. The offline segment held a major market share in 2020 and is expected to witness a substantial growth rate over the analysis years. The segment growth is attributed to the rising production of advanced features LED lamps and its wide availability across offline stores. Meanwhile, the online segment is projected to be the fastest-growing segment, increasing at a CAGR of 16.2% from 2021 to 2028 owing to growing preference of consumers for online shopping and rising several manufacturers’ collaboration with e-commerce websites for selling their products. Wide availability of a varied range of products with special pricing and great discounts are the key driving factors for the segment growth. Factors such as shopping convenience and door-step delivery service offered by online platforms are the key aspects that help grow the segment.

Asia Pacific is projected to constitute a large share
In terms of regions, the global LED table lamps market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific accounted for a major share of the market in 2020 and is expected to expand at an impressive growth rate of 16.5% from 2021 to 2028 due to growing demand for products from residential space and rapid increase of construction of residential building in the region, impacted by industrialization and urbanization. New product launches are constantly promoted by prominent market players in emerging economies such as China and India, thereby, propelling the product demand.

Global LED Table Lamps Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Table Lamps Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. LED Table Lamps Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. LED Table Lamps Market - Supply Chain
  4.5. Global LED Table Lamps Market Forecast
     4.5.1. LED Table Lamps Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. LED Table Lamps Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. LED Table Lamps Market Absolute $ Opportunity
5. Global LED Table Lamps Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. LED Table Lamps Market Size and Volume Forecast by Types
     5.3.1. Reading
     5.3.2. Decorative
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global LED Table Lamps Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. LED Table Lamps Market Size and Volume Forecast by Applications
     6.3.1. Household
     6.3.2. Commercial
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global LED Table Lamps Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. LED Table Lamps Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global LED Table Lamps Demand Share Forecast, 2019-2026
8. North America LED Table Lamps Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America LED Table Lamps Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America LED Table Lamps Market Size and Volume Forecast by Types
     8.4.1. Reading
     8.4.2. Decorative
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America LED Table Lamps Market Size and Volume Forecast by Applications
     8.7.1. Household
     8.7.2. Commercial
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America LED Table Lamps Demand Share Forecast, 2019-2026
9. Latin America LED Table Lamps Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America LED Table Lamps Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America LED Table Lamps Market Size and Volume Forecast by Types
     9.4.1. Reading
     9.4.2. Decorative
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America LED Table Lamps Market Size and Volume Forecast by Applications
     9.7.1. Household
     9.7.2. Commercial
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America LED Table Lamps Demand Share Forecast, 2019-2026
10. Europe LED Table Lamps Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe LED Table Lamps Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe LED Table Lamps Market Size and Volume Forecast by Types
     10.4.1. Reading
     10.4.2. Decorative
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe LED Table Lamps Market Size and Volume Forecast by Applications
     10.7.1. Household
     10.7.2. Commercial
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe LED Table Lamps Demand Share Forecast, 2019-2026
11. Asia Pacific LED Table Lamps Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific LED Table Lamps Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific LED Table Lamps Market Size and Volume Forecast by Types
     11.4.1. Reading
     11.4.2. Decorative
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific LED Table Lamps Market Size and Volume Forecast by Applications
     11.7.1. Household
     11.7.2. Commercial
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific LED Table Lamps Demand Share Forecast, 2019-2026
12. Middle East & Africa LED Table Lamps Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa LED Table Lamps Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa LED Table Lamps Market Size and Volume Forecast by Types
     12.4.1. Reading
     12.4.2. Decorative
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa LED Table Lamps Market Size and Volume Forecast by Applications
     12.7.1. Household
     12.7.2. Commercial
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa LED Table Lamps Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global LED Table Lamps Market: Market Share Analysis
  13.2. LED Table Lamps Distributors and Customers
  13.3. LED Table Lamps Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. General Electric Company
     13.4.2. SYSKA LED
     13.4.3. OSRAM GmbH
     13.4.4. Koninklijke Philips N.V.
     13.4.5. Ningbo Liangliang
Segments Covered in the Report
The global LED table lamps market has been segmented on the basis of

Products
  • Reading
  • Decorative
Applications
  • Household
  • Commercial
Distribution Channels
  • Offline
  • Online
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • General Electric Company
  • SYSKA LED
  • OSRAM GmbH
  • Koninklijke Philips N.V.
  • Ningbo Liangliang.
  • Major market players in the global LED table lamps market include General Electric Company, SYSKA LED, OSRAM GmbH, Koninklijke Philips N.V., and Ningbo Liangliang.
  • These players are actively involved in numerous marketing strategies including product innovation, distribution channel expansion, and merger & acquisition, to gain a larger customer base.
  • For example, recently, SYSKA LED, a subsidiary of SSK Group, introduced its ground-breaking ‘Smart Table Lamp’, that is powered by Amazon Alexa. Additionally, the product is highly energy-efficient and has three light settings along with warm white, cool white, and day light.
  • Key retailers including IKEA and Wal-Mart Stores, Inc. are growing their distribution networks across the globe to increase maximum market share. For example, IKEA recently introduced its first store in India. Additionally, prominent retail chains like Croma and Reliance Digital are investing in the establishments of new stores to acquire a competitive edge. For example, in June 2019, Reliance Industries introduced to present 100 new stores across India under the Reliance Digital brand.

Global LED Table Lamps Market Competitive Landscape

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