- Portable lamps are light sources that are easy to move and quick to deploy across different locations. Globally, portable lamps have seen rapid adoption. Portable lamps are a vital source of light, essential for performing specific tasks in extreme darkness or at night time. They are used for a varied range of applications across many industries in the manufacturing, construction, military, and defense sector. Portable lamp lights offer durability to work in severe conditions and their maintenance cost is low. They are preferred because of their higher battery life and efficient working. The portable lamps market is expected to witness huge surge in growth during the forecast period.
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Key Drivers and Opportunities of the Global Portable Lamps Market
- Growing urbanization and demand for new technologies are some of the major factors resulting in growth of the portable lamps market. Various portable lamp manufacturers have been focusing on issues such as longer lamp life, low energy consumption, accurate color rendering, light pollution, and introduction of environment friendly lighting systems, resulting in growth of the portable lamps market. This trend has been favorably impacting the growth of portable light lamps. The positive outlook for the market can also be attributed to the fact that portable light lamps are already witnessing high demand, which is expected to further surge in the coming year across the globe.
- Expansion of the global portable lamps market is however restricted due to the expensive prices of these portable lights. On the other hand, lack of awareness is also a factor restricting the growth of the market.
- Developed nations are equipped to some extent, but developing nations are still in the process of using fully advanced technologies. Manufacturers also find it difficult to sell products in developing nations. High initial investment and operational cost is another hindrance seen in the portable lamps market.
- Manufacturers of portable lamps are focusing on research and development of the product and building innovative portable lamps to meet consumer requirements at lesser cost. Furthermore, manufacturers are engaged in building effective sales and distribution infrastructure for their products across the globe. They are also adopting online sales channels to boost sales. All these factors are expected to boost the demand for portable lamps during the forecast period.
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Asia Pacific to Hold Major Share of the Global Portable Lamps Market
- In terms of region, the portable lamps market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Asia Pacific is expected to hold major share of the global portable lamps market during the forecast period attributed to various factors such as rapidly developing infrastructure, coupled with the speedy growth of various industries, and increasing deployment of portable lights in these industries.
Key Players Operating in the Global Portable Lamps Market are Listed Below:
- ARES S.R.L.
- Doosan Portable Power
- ESYLUX GmbH
- Faro Barcelona
- Generac Power Systems, Inc.
- J C Bamford Excavators Ltd
- Larson Electronics LLC
- Special Lights Sydney
- Theben AG
- Vibia Lighting
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