Global Electric Tealight Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Electric Tealight refers to small candles that are made from plastic and LED lights. These lights are available in either remote control or non-remote-control options. These lights are designed in such a way that mimics a natural bright look. It offer flickering functionality and comes with a longer battery life. Additionally, the electric tealight candles are easy to operate and are safe for kids & pets. It is flameless, smoke-free, zero hazardous. The increasing demand for electric candles and growing spending on home decoration products are key factors driving the market growth.
The increasing demand for LED lighting is contributing towards the growth of the Global Electric Tealight Market. For instance - according to Statista - in 2020, the global market for LED lighting was valued at USD 76 billion, and the market is projected to grow at a compound annual growth rate (CAGR) of over 13 percent to reach the value of USD 160 billion by 2026. Also, rising penetration of luxury hotel chains and growing emergence of smartphone-controlled lighting solutions would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Electric Tealight stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Electric Tealight Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing adoption of electric tealight candles over traditional candles in the region and presence of regional market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising adoption of electric lighting solutions for decoration of personal and commercial spaces and increasing penetration of luxury hotel chains and pubs in the region.
Major market players included in this report are:
- IKEA
- Wilko
- T&H Candles Corp
- Smart Candle Infom
- National Artcraft Co.
- Alcyon
- PK Green Enterprise Ltd
- Battery Operated Candles
- The Glow Company UK Ltd.
- AuraDecor
Recent Developments in the Market:
- In January 2020, Brea, California based L&L Candle Co, a leader in LED flameless technologies announced to launch a new range of ultra-realistic flameless candle technology with their brand LightLi's, "Wick-to-Flame" candle series.
Global Electric Tealight Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
- Remote Control
- Non-Remote Control
By Application
- Home & Personal
- Commercial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Electric Tealight Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Electric Tealight Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Electric Tealight Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Electric Tealight Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Electric Tealight Market Dynamics
- 3.1. Electric Tealight Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for LED lighting solutions
- 3.1.1.2. Growing spending on home decoration products
- 3.1.2. Market Challenges
- 3.1.2.1. High price of Electric Tealight
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising penetration of luxury hotel chains
- 3.1.3.2. Growing emergence of smartphone-controlled lighting solutions
Chapter 4. Global Electric Tealight Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electric Tealight Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Electric Tealight Market by Type, Performance - Potential Analysis
- 6.3. Global Electric Tealight Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Electric Tealight Market, Sub Segment Analysis
- 6.4.1. Remote Control
- 6.4.2. Non-Remote Control
Chapter 7. Global Electric Tealight Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Electric Tealight Market by Application, Performance - Potential Analysis
- 7.3. Global Electric Tealight Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Electric Tealight Market, Sub Segment Analysis
- 7.4.1. Home & Personal
- 7.4.2. Commercial
Chapter 8. Global Electric Tealight Market, Regional Analysis
- 8.1. Electric Tealight Market, Regional Market Snapshot
- 8.2. North America Electric Tealight Market
- 8.2.1. U.S. Electric Tealight Market
- 8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Electric Tealight Market
- 8.3. Europe Electric Tealight Market Snapshot
- 8.3.1. U.K. Electric Tealight Market
- 8.3.2. Germany Electric Tealight Market
- 8.3.3. France Electric Tealight Market
- 8.3.4. Spain Electric Tealight Market
- 8.3.5. Italy Electric Tealight Market
- 8.3.6. Rest of Europe Electric Tealight Market
- 8.4. Asia-Pacific Electric Tealight Market Snapshot
- 8.4.1. China Electric Tealight Market
- 8.4.2. India Electric Tealight Market
- 8.4.3. Japan Electric Tealight Market
- 8.4.4. Australia Electric Tealight Market
- 8.4.5. South Korea Electric Tealight Market
- 8.4.6. Rest of Asia Pacific Electric Tealight Market
- 8.5. Latin America Electric Tealight Market Snapshot
- 8.5.1. Brazil Electric Tealight Market
- 8.5.2. Mexico Electric Tealight Market
- 8.5.3. Rest of Latin America Electric Tealight Market
- 8.6. Rest of The World Electric Tealight Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. IKEA
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Wilko
- 9.2.3. T&H Candles Corp
- 9.2.4. Smart Candle Infom
- 9.2.5. National Artcraft Co.
- 9.2.6. Alcyon
- 9.2.7. PK Green Enterprise Ltd
- 9.2.8. Battery Operated Candles
- 9.2.9. The Glow Company UK Ltd.
- 9.2.10. AuraDecor
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption