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Table Lamp Market To Witness Exponential Growth By 2027

The “Global Table Lamp Market” report is to depict the trends and upcoming for the Table Lamp Market industry over the forecast years. Table Lamp Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

increase in awareness about new products, advanced technology, incorporation of new features in table lamp, investment in innovation & automation, advancement in type of light used, small & portable table lamp, the launch of various designs, customized table lamp, wireless technology, automatic table lamp, battery operated table lamp, remote & mobile applications controlling system, voice detection enabled feature, warm white light, and hue light table lamps, multiple light features, eye care desk light, energy-saving device, adjustable arm to shift the light focus, availability of variants in several colors, table lamp as home décor, increased safety insulation, availability of replacement bulbs, reduced height and weight of table lamp, inclination toward smart home devices, and increase in disposable income are the key drivers that lead toward the growth of the global table lamp market.

However, expensive table lamps, increased competition, decline in trend of residential table lamps, availability of alternative products, and other lighting devices hinder the market growth.

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The key players are inclined toward launch of smart table lamps, which provide a perfect home office lighting atmosphere. For instance, Philips has launched a series of table lamps that can be controlled from android smart devices and cycle through different hue lights.

The key market players profiled in the report include Philips, OSRAM, Panasonic, Opple Lighting, General Electric Company, Chicago Miniature Lighting, EYE lighting International, Astec Industries Inc., Lcd Lighting Inc., Toshiba Lighting, Tenneco Inc., EiKo Ltd., SYSKA LED., Donghia Inc.

Regions covered – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Key Segments Covered:

○ Application
○Technology
○Product Type
○Distribution Channel

Key Benefits of the Report:

  • This study presents the analytical depiction of the global table lamp industry along with the current trends and future estimations to determine the imminent investment pockets.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed global table lamp market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Source: Allied Market Research

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