Top 5 Players in Night Light Market Globally

A nightlight is a small, typically electrical light fixture that is used to provide comfort or convenience in places that are dark or could become dark at particular times, as at night or in an emergency. Nightlights are typically used to alleviate nighttime anxiety, especially in young children, or to create a sense of security that keeping a light on provides. The general public can also benefit from nightlights by using them to indicate the overall layout of a room without having to turn on a main light, to avoid tripping over stairs, obstructions, or pets, or to indicate an emergency exit. Radioluminescent tritium is frequently used in exit signs. Nightlights are typically installed in bathrooms, kitchens, and hallways by homeowners to prevent turning on the main light fixture, especially late at night, and causing their eyes to adjust to the stronger light.

To avoid stumbling or falling in a new setting at night, some frequent visitors bring small nightlights that they can temporarily put in their hotel room and bathroom. To avoid falls, which might endanger the lives of the elderly, gerontologists advise using nightlights.

According to Business Research Insights, the global night light market size was valued at USD 279.8 million in 2022 and is projected to reach a valuation of USD 348 million by 2028 with a CAGR of 3.7%. The market has leading players; Philips, Eaton, Osram, GE, Panasonic, Legrand, Opple, PAK, Hugo Brennenstuhl, Feit Electric, AmerTac, Munchkin, Maxxima.

COVID-19 IMPACT: The COVID-19 pandemic lockdown has a direct negative impact on urban socioeconomic activity. Findings indicate that night light fell generally when the cities were placed under lockdown.  Cities in Asia saw the most pronounced decline in the night light market growth. In Mumbai, India, in particular, the average monthly night light dropped by about 20% from the previous month. Yet, the amount of nighttime light in European cities did not significantly diminish. Evening light cycles were constant in African cities. Urban outskirts darkened less visibly than metropolitan cores from a spatial perspective. 

Business Research Insights States Top 5 Night Light Companies-

1. Philips (The Netherlands)

Philips refers to the Dutch global conglomerate firm Koninklijke Philips N.V., which was established in Eindhoven in 1891. Although the Benelux headquarters are currently in Eindhoven, it has been mostly headquartered in Amsterdam since 1997. After selling off its other operations, Philips, once among the biggest electronics corporations in the world, is now concentrating on the field of health technology. The first items produced by the business, which was established in 1891 by Gerard Philips and his father Frederik, were light bulbs.

2. Panasonic (Japan)

With its headquarters in Kadoma, Osaka, Panasonic Holdings Corporation, formerly Matsushita Electric Industrial Co., Ltd. from 1935 to 2008 and the original Panasonic Corporation from 2008 to 2022, is a significant Japanese multinational conglomerate corporation. It was established in 1918 as a maker of light bulb sockets by Knosuke Matsushita. Panasonic provides a wide range of goods and services, including rechargeable batteries, automotive and avionic systems, industrial systems, as well as home remodelling and construction, and was formerly the largest producer of consumer electronics in the world.

3. Maxxima (U.S.A)

For more than 40 years, Maxxima has offered customers high-quality LED lighting and electrical solutions. Our company is a family-run enterprise, and we are based in Hauppauge, New York. We developed our product lines to cover the wide spectrum of LED lighting and electrical supplies we provide today thanks to our strong electrical industry origins. In residential and commercial buildings all around the world, Maxxima products offer dependable and effective lighting solutions.

4. Legrand (France)

Legrand is a French manufacturing company that has its roots in the Limousin region's Limoges. Legrand has operations in 90 nations, and its goods are sold in approximately 180 more. 85 percent of its sales are made abroad. The company has created new solutions for EV charging/electric vehicles, lighting control, and datacenters in addition to expanding its product line in sustainable development and energy-saving technologies.

5. OSRAM (Germany)

In terms of optical solutions, OSRAM is a world leader. They provide a distinctive range of products and technologies for sensing, illumination, and visualisation, ranging from high-end light emitters and optical parts to micro-modules, light sensors, ICs, and associated software. They are the partner of choice for many sectors thanks to their exceptional skill in emitting, directing, sensing, and processing light as well as their profound grasp of systems and applications.

The Technological Advancements and Innovations by Manufacturers to Pose Opportunity

Some nightlights have a photocell that enables them to turn off when the surrounding light is strong enough. Other designs have an integrated passive infrared sensor that detects motion and turns on the light only when someone walks by in the dark. Low-cost LEDs have made a variety of variations with various colours, sometimes changing automatically or at the control of the user, readily available. Because nightlights are so inexpensive, a wide variety of decorative designs have proliferated. Some of these designs incorporate superheroes and mythical elements, while others are as straightforward as a small glowing disc.