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Global LED Desk Lamp Market by Price Range (Low (Below USD 25), Medium (Between USD 25 to USD 100), Above USD 100) by Application (Reading Lamp, Decorative Lamp) by Distribution Channel (Online, Offline, Other Distribution Channels) by End-user (Household, Commercial, End-users): Growth, Future Prospects, and Competitive Analysis, 2015 - 2027

LED Desk Lamps are increasingly being used for decorative as well as reading purpose across the world. LED Desk Lamps demand is growing at a rapid pace on the account of increasing government support and initiative to make people shift from traditional lamps to most energy efficient LED Desk Lamps. Traditional desk lamps have been substituted by LED Desk Lamps, which offers several benefits such as lower energy consumption, durability, lower price and higher efficiency. This in turn resulted into increasing popularity of LED Desk Lamp among end-user. Global LED Desk Lamps market was valued at over 4,500 million in 2020 and expected to generate cumulative growth opportunity valued at over USD 71 billion during the forecast period. Global LED Desk Lamp industry is expected to post lucrative CAGR of over 18.5%.

Global LED Desk Lamp Market

Interesting Facts of LED Desk Lamp

  • LED Desk Lamps consumption Asia Pacific is highest among all regions with over 35% share in 2020
  • Government initiatives around the world is major factor driving led lamps market
  • LED desk lamps are most energy efficient with better work life
  • LED desk lamps are cost effective as against traditional lamps
  • LED desk lamps price below USD 25 are most commonly used
  • Reading Lamps held over 30% share in 2020
  • Commercial end-users dominate the global LED desk lamps market with over 60% share in 2020

Government Initiative to Push End-users Towards Energy Efficient Lamps

Increasing concerns regarding world climate change, most of governments across the globe are taking initiative in encouraging the citizens to use energy efficient LED lamps in order to lower the energy consumption and decrease environmental footprints. Many governments are offering attractive subsidies on LED lamps in order to push people towards use of led lamps. Apart from initiatives taken by government, the end-users are also inclined towards use of LED desk lamps owing to its durability, lower energy consumption and low replacement cost.

Increasing Number of Companies Offering Work from Home in the Wake of COVID 19     

In the wake of COVID 19 pandemic, large number of companies have offered work from home facility to their employee across the world. This in turn also resulted into growing demand for LED desk lamps from household consumers. Rise in demand for LED desk lamps from household consumers is likely to grow in 2021 and 2022.  

Huge Demand from Asia Pacific

Presence of huge number of households and commercial establishments in Asia Pacific is mainly fuelling the demand for LED desk lamps in the region.  Growing economies, increasing per capita income and growing residential and commercial construction and higher replacement potential of lights in the region is major factor driving the demand for LED desk lamps. Asia Pacific is largest producing region with over 35% share in total consumption of LED desk lamps in 2020. Asia Pacific is also one of the largest exporting regions in the world. Easy availability of raw materials, cheap labour and huge consumer market is likely to keep high demand for LED desk lamps in the region.        

Decorative Segment to Hold Largest Share

Decorative LED desk lamps accounted for over 60% share of the total revenue generated by the global LED desk lamps market. Emergence of smart and designer LED desk lamps are growing in acceptance in the region. Increasing new construction and furniture, favourable government policies, etc. is resulting into growing demand for LED desk lamps for decorative applications.   

Building Business Case with Credence Research

Credence Research reports offers great ai in building business case to the prospective readers. The global LED desk lamps market by Credence Research extends all critical information required by the prospective investors to enter in the industry, expand the operations or for the new product launching.

Highly Fragment Market with Large Number of Manufacturers

Global LED desk lamps market is characterized by the presence of large number of manufacturers. DP, Yingke, Liangliang, SYSKA LED, Donghia, OPPLE, Koninklijke Philips N.V., OSRAM GmbH, Cree, Panasonic and Others are some of the leading manufacturers of LED desk lamps. However, manufacturing of LED lamps is primarily concentrated in Asia Pacific. China, Taiwan, South Korea and Japan are leading manufacturing countries for LED desk lamps. Vietnam is one of the most promising economy in the region for the production as well as consumption. India is likely to grow at a rapid pace over the forecast period. Brazil and Egypt are also some of the prominent economies in Latin America and Africa respectively.     

Frequently asked questions about global industry

Ans: COVID 19 had negative impact on LED Desk Lamps market in 2020. Decline in production and halted construction activities led to this decline in demand. However, demand for LED Desk Lamps has already entered into the recovery phase and expected to touch approach pre-COVID 19 level soon

Ans: Asia Pacific is major production region with huger installed capacity in China and Taiwan. Similarly, South Korea, Japan and Southeast Asian economies dominate production of LED Desk Lamps

Ans: Availability of traditional lamps at lower cost is expected to be major factor hindering demand for LED Desk Lamps for reading applications

Ans: DP, Yingke, Liangliang, SYSKA LED, Donghia, OPPLE, Koninklijke Philips N.V., OSRAM GmbH, Cree, Panasonic, etc. are some of the major players in global LED Desk Lamps market. However, the market is highly fragmented with large number of small and medium players operating and mostly located in Asia Pacific

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Sep 2021
Category:  Semiconductor & Electronics
Report ID:   60009
Report Format:   PDF
Pages:   120
Rating:    4.1 (56)
Delivery Time: 24 Hours to 48 Hours   
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