Flameless LED candles are one type of candle that is used for decoration. It makes use of LED bulbs to provide light. The first thing you should know is the difference between the types of candles. People who are interested in decorating their home, they can choose to buy LED candles. The interior design of the home will be more attractive if some LED candles are used. Some LED candles are quite expensive.
|Market Size (2020)||$ 167.75 Million|
|CAGR (2021 to 2027)||8.87%|
|Market Classification||Type, Application|
|Key Companies Profiled||Star Hollow Candle Company, Luminara, Hallmark, L＆L Candle Company, Q Candles, Kirkland’s, Sterno Products, Smart Candle, Liown Electronics|
|Key Countries/Regions Analyzed||US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America|
|Forecast Years||2021 to 2027|
The factors driving the growth of the global Flameless LED Candle market include the increase in disposable income and the increased demand for the aesthetic lighting look.
Increase disposable income
An increase in disposable income has led to a rise in spending power, notably when it comes to buying premium home décor products. The growth of the economy has led to many households investing in flameless LED candles to beautify their homes. Commercial investments have also been found useful throughout communities worldwide to improve the aesthetic look of communities by way of building stylish monuments and other public art features. It is predicted that this will have a significant impact upon the artificial illumination industry in general, specifically flameless LED lights for sure. Post-COVID spending habits are predicted to be more extravagant because people feel safer after such situations occur.
The major factor restraining the growth of the global flameless LED candles market is the high costs of the product. In addition, the increase in the usage of LED bulbs and lights further hinders market growth.
Key Insight in the report:
The Global Flameless LED Candle market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.
The report covers extensive competitive intelligence which includes the following data points:
- Business Overview
- Business Model
- Financial Data
- Financial – Existing
- Financial – Funding
- Product Segment Analysis and specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
Global Flameless LED Candle Market Segmentation
The report covers market sizing and forecasting at the country level as well as at the segment level. Global Flameless LED Candle Market is analyzed across the below-mentioned different segments:
- Home and Personal
North America is likely to continue to dominate the global market for flameless LED candles thanks to the growing demand for alternative sources of energy. The market for flameless LED candles has grown rapidly due to the emergence of several new categories of consumers. LED lighting has become more popular in recent years due to its long lifespan, energy efficiency, and ability to emit light with the same quality as traditional lighting. Improvements in technology have also made them more attractive to consumers. The growth of the global market for LED lighting is expected to drive the demand for flameless LED candles during the next few years.
The Global Flameless LED Candle Market is analyzed across the below-mentioned region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
Global Flameless LED Candle Market Ecosystem Players:
Some of the key ecosystem players in of Global Flameless LED Candle Market include:
- Star Hollow Candle Company
- L＆L Candle Company
- Q Candles
- Sterno Products
- Smart Candle
- Liown Electronics
REPORT CONTENT BRIEF:
- High-level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Global Flameless LED Candle market historical market size for the year 2020, and forecast from 2021 to 2027
- Global Flameless LED Candle market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.