Industry Background:
The growing digitalization and industrialization consumption of electrical energy that has been escalating across the globe, has escalated to minimize or limit electricity consumption number of consumers are favoring LED portable Lighting. It is an excellent solution for temporary work lighting or site lighting. The rising benefits over traditional halogen lights make it more efficient for consumers needs. These portable LED are majorly used workshops or any workspace such as construction sites etc. The rising demand for generating portable lights are fuelling the market for LED portable LightingThis growth is primarily driven by High Demand for Portable LED Lighting by the Modernization and Development of Infrastructure Such as Smart Cities and Need for Energy-Efficient Lighting Systems.
Globally, a noticeable market trend is evident Adoption of LEDs as a Light Source in General Lighting
. Major Manufacturers, such as Energizer (United States), Havells (India), Ledlenser (Germany), KENNEDE (China), DP Lighting (Singapore), Ocean's King (China), SureFire (United States), Dorcy (United States), Nite Ize (United States) and Petzl (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 8th April 2018, Larson Electronics LLC releases low voltage portable explosion proof LED Light with magnetic base. This portable explosion proof LED light is having a 5 foot all base stand, which is UL certified and approved for Class I, Division 1 and 2, Class II, Division 1 and 2, and Class III, Division 1 and 2 locations. This explosion proof LED features an encapsulated inline transformer for low voltage applications
Market Drivers
- High Demand for Portable LED Lighting by the Modernization and Development of Infrastructure Such as Smart Cities
- Need for Energy-Efficient Lighting Systems
Market Trend
- Adoption of LEDs as a Light Source in General Lighting
- Increase in Adoption of Smart Lighting
Restraints
- Lack of Awareness Regarding Installation Costs and Payback Periods
- Development of Alternative Technologies
Opportunities
Development of Wireless Technology for Potable LED Lighting Systems and Growing Need for replacement of traditional Lightning
Challenges
Lack of Common Open Standards and Issue Related Towards voltage sensitivity and temperature dependence of these Portable LED Lighting
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, LED Portable Lighting Study Sheds Light on
The LED Portable Lighting Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the LED Portable Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where LED Portable Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.