Report Overview
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The global LED night light market size was valued at USD 344.4 million in 2022. As per our research, the market is expected to reach USD 425.6 million by 2028, exhibiting a CAGR expansion of 3.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the LED night light market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
An LED night light is a small, energy-efficient light source designed to provide low-level illumination during the nighttime. It typically uses light-emitting diodes (LEDs) as its light source, which consume very little electricity compared to traditional incandescent bulbs. These lights are commonly used in bedrooms, hallways, bathrooms, and other areas of a home to provide enough light to navigate safely in the dark without being overly bright or disruptive.
The LED night light market was experiencing growth driven by several factors, including increasing awareness of energy efficiency, a growing focus on home decor, and the need for practical lighting solutions in various settings. These products were gaining popularity due to their energy-efficient nature. Consumers and businesses were increasingly looking for lighting options that save on electricity bills and have a lower environmental impact.
COVID-19 Impact: Market Faced a Rise in Demand Due to Rise in E-Commerce During the Pandemic
There were several sectors affected by COVID-19 and LED night light market was one of them. With physical stores facing restrictions and lockdowns, e-commerce experienced significant growth during the pandemic. Many consumers turned to online shopping for various products, including LED night lights. Manufacturers and retailers that had a strong online presence could have benefited from this trend.
Latest Trends
"Energy Efficiency and Sustainability to Improve the Efficiency of the Lights to drive the market growth"
The LED night light market is as lively as any market. In the market, there is everyday development in the market to add more benefits to it. Recently, the lights continued to emphasize energy efficiency, with many products meeting energy-efficient certification standards. Additionally, manufacturers were increasingly conscious of sustainability, using recyclable materials and reducing packaging waste.
Segmentation
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- By Type
According to type, the market can be segmented into plug-in type & battery type.
In terms of services, battery type is the largest segment, as it holds the maximum share of the market.
- By Application
Based on application, the market can be divided into residential & commercial.
Driving Factors
"Rising Attention on Safety and Convenience to Increase Market Demand"
LED night lights provide a practical and safe lighting solution for various applications, such as children's bedrooms, hallways, bathrooms, and nurseries. They enhance safety by reducing the risk of accidents in the dark and offer convenience for nighttime navigation. Some lights are designed with features to support health and well-being, such as adjustable color temperatures that mimic natural light patterns to promote better sleep and circadian rhythms.
"Rising Use in Home Decor to Influence the Market Demand "
The lights come in various designs and colors, making them a versatile decorative element in homes. Many consumers choose the lights that match their interior decor, adding both functionality and aesthetics to their living spaces. The lights designed for children's rooms are popular among parents. These lights often feature playful and child-friendly designs, helping children feel safe and secure at night. These lights with customizable brightness levels, colors, and scheduling options give consumers more control over their lighting experience, contributing to increased demand. This contributes to the LED night light market growth.
Restraining Factor
"Price Sensitivity Could Lead to a Declining Trend in the Market "
The lights, particularly those with advanced features like smart technology, can be more expensive upfront compared to traditional incandescent night lights. Price sensitivity among consumers can restrain market growth, especially in price-conscious segments. As a consequence, there can be a declining trend in the LED night light market.
Regional Insights
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"North America Region to Dominate the Market as it has Mature Municipal Water Infrastructure"
North America holds the largest LED night light market share as the consumers in this region have shown a high level of awareness regarding energy-efficient lighting solutions, including LED technology. This awareness has driven demand for these kinds of lights, as consumers seek energy-efficient and cost-effective lighting options. The countries in this region, have implemented stringent energy efficiency standards and regulations for lighting products. These regulations have encouraged the adoption of LED lighting, including these lights, as they meet the required efficiency criteria. North American consumers often prioritize eco-friendly and sustainable products. LEDs are known for their energy efficiency and reduced environmental impact compared to traditional incandescent bulbs, making them a preferred choice in this market. North America is a hub for technological innovation, and this extends to the lighting industry. The lights with smart features, such as motion sensors and smartphone control, have gained popularity in this region due to technological advancements and early adoption.
Key Industry Players
"Key Players Focus On Product Development to Market Expansion"
Key players invest in research and development to create innovative LED night light products that meet evolving consumer needs and preferences. This includes designing lights with new features, improved energy efficiency, and attractive aesthetics. Key players often have a diverse portfolio of the light products, ranging from basic models to advanced smart lights. This allows them to cater to a wide range of consumer preferences and price points. These companies conduct market research to stay informed about consumer trends, competitive landscape, and emerging technologies. This research informs their product development and marketing strategies. Key players may form partnerships with other companies to expand their product offerings or enter new markets. This could involve collaborations with technology companies for smart home integration or alliances with retailers for exclusive product lines. Some key players seek to expand their presence in international markets by adapting their products to local preferences and regulations.
List of Market Players Profile
- Signify (Europe)
- Eaton (Europe)
- Osram (Europe)
- GE Lighting (U.S.)
- Panasonic (Asia Pacific)
- Legrand (Asia Pacific)
- Opple (U.S.)
- Guangdong PAK (Asia Pacific)
- Hugo Brennenstuhl (Europe)
- Feit Electric (U.S.)
- AmerTac (U.S.)
- Munchkin (U.S.)
- Maxxima (Israel)
Report Coverage
The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 344.4 Million in 2022 |
Market Size Value By |
US$ 425.6 Million by 2028 |
Growth Rate |
CAGR of 3.6% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global LED night light industry expected to touch by 2028?
The global LED night light industry is expected to touch USD 425.6 million by 2028.
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What CAGR is the LED night light industry expected to exhibit during the forecasted period?
The global LED night light industry is expected to exhibit a CAGR of 3.6% over forecasted period.
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What are the factors which help in pushing the LED night light market?
Rising attention to safety and convenience and increasing use in home decor are the driving factors of the LED night light market.
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Which are the key players or most dominating companies functioning in the LED night light market?
Signify, Eaton, Osram, GE Lighting, Panasonic, Legrand, Opple, Guangdong PAK, Hugo Brennenstuhl, Feit Electric, AmerTac, Munchkin, and Maxxima are the top companies operating in the LED night light market.
