Market Overview:
The global electric tea lights market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric tea lights market can be attributed to factors such as increasing demand for decorative lighting, rising disposable income, and growing awareness about energy-efficient lighting solutions. The global electric tea lights market is segmented on the basis of type into remote control and non-remote control. The remote control segment is expected to grow at a higher CAGR than the non-remote control segment during the forecast period from 2018 to 2030. This can be attributed to increasing demand for convenience and ease of use in home décor applications. On the basis of application, the global electric tea lights market is divided into home and personal applications and commercial applications. Home and personal applications are further subsegmented into indoor lighting and outdoor lighting segments respectively. Commercial applications are further subsegmented into hospitality sector, retail sector, event management sector, transportation sector, healthcare sector, education sector among others .
Product Definition:
Electric tea lights are battery operated candles that can be used to provide light in various settings. They are often used as a substitute for traditional candles, and can be found in a variety of sizes and colors. Electric tea lights are also commonly used as wedding favors or decorations because they emit a soft light and do not produce any heat.
Remote Control:
Remote control is a device or an application which enables the user to operate an electric tea light from a distance. The user can turn on/off the light, change its brightness as per their requirements and even set alarms via remote control. It helps in saving energy as well as increases home décor by adding aesthetic appeal to it.
Non-Remote Control:
Non-Remote control tea light candles are battery operated, made of ceramic or glass and come in a variety of colors. They are the perfect size to place on a table or shelf as an accessory for decoration. The product is gaining popularity among consumers due to its aesthetic appeal along with functional use at home and workplace settings. It can be used indoor as well as outdoor for decorative purposes making it more versatile in nature.
Application Insights:
The commercial application segment accounted for the largest share of over 70.0% in 2017 and is projected to witness significant growth over the forecast period. The product has gained popularity as a decorative element in hotels, restaurants and other commercial places owing to its ability to create an aesthetic ambience without consuming much electricity.
The home and personal application segment is expected to register the fastest CAGR of XX% from 2018 to 2030 owing primarilyto increasing demand for LED products across all applications including household lighting, decorative lighting, bedside lamps, table lamps etcetera. In addition, growing concerns regarding energy conservation have led consumers towards using electric tea lights as they are more eco-friendly than conventional counterparts while offering same or similar brightness levels with a lower power consumption rate making it sustainable too over the long term perspective (in terms of cost).
Regional Analysis:
Asia Pacific dominated the global electric tea lights market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing number of commercial establishments such as hotels and restaurants, rise in disposable income, and growing adoption of western culture and lifestyle. Moreover, increasing population has led to increased demand for convenient products that do not involve any kind of flame or camphor which makes it ideal product for use at home or personal settings.
North America is projected to grow at a significant rate over the forecast period owing to presence of numerous manufacturers focusing on developing innovative products with advanced features along with high-end technology similar to those used in TVs and other electronic appliances making it an ideal place for manufacturing electric tea lights marketed aggressively through various marketing channels such as online portals, offline retail stores etc.
Growth Factors:
- Increasing demand for electric tea lights from the hospitality sector as a result of their low power consumption and long life span.
- Rising popularity of LED technology, which is being increasingly adopted for electric tea lights, due to its energy efficiency and environmental benefits.
- Growing demand for decorative lighting products in residential applications, as homeowners seek to create ambience and enhance the appearance of their homes.
- Increasing awareness about the benefits of using electric tea lights over traditional candles, such as reduced fire risk and improved safety features.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Tea Lights Market Research Report
By Type
Remote Control, Non-Remote Control
By Application
Home and Personal, Commercial
By Companies
Homemory, Vont, Vivii, YIWER, JINHEZO, eLander, AGPTEK, Frux Home and Yard, CelebrationLight, IB SOUND, Homemory, Instapark, Sterno Products, Burning Sister, Pchero, Mr. Light LED, Jinggoal International Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Electric Tea Lights Market Report Segments:
The global Electric Tea Lights market is segmented on the basis of:
Types
Remote Control, Non-Remote Control
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home and Personal, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Homemory
- Vont
- Vivii
- YIWER
- JINHEZO
- eLander
- AGPTEK
- Frux Home and Yard
- CelebrationLight
- IB SOUND
- Homemory
- Instapark
- Sterno Products
- Burning Sister
- Pchero
- Mr. Light LED
- Jinggoal International Limited
Highlights of The Electric Tea Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Control
- Non-Remote Control
- By Application:
- Home and Personal
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Tea Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric tea lights are a type of light that uses electricity to produce a warm, flickering light. They are often used as table ornaments or in candle-lit settings.
Some of the key players operating in the electric tea lights market are Homemory, Vont, Vivii, YIWER, JINHEZO, eLander, AGPTEK, Frux Home and Yard, CelebrationLight, IB SOUND, Homemory, Instapark, Sterno Products, Burning Sister, Pchero, Mr. Light LED, Jinggoal International Limited.
The electric tea lights market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Tea Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Tea Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Tea Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Tea Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Tea Lights Market Size & Forecast, 2018-2028
4.5.1 Electric Tea Lights Market Size and Y-o-Y Growth
4.5.2 Electric Tea Lights Market Absolute $ Opportunity
Chapter 5 Global Electric Tea Lights Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Tea Lights Market Size Forecast by Type
5.2.1 Remote Control
5.2.2 Non-Remote Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Tea Lights Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Tea Lights Market Size Forecast by Applications
6.2.1 Home and Personal
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Tea Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Tea Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Tea Lights Analysis and Forecast
9.1 Introduction
9.2 North America Electric Tea Lights Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Tea Lights Market Size Forecast by Type
9.6.1 Remote Control
9.6.2 Non-Remote Control
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Tea Lights Market Size Forecast by Applications
9.10.1 Home and Personal
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Tea Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Tea Lights Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Tea Lights Market Size Forecast by Type
10.6.1 Remote Control
10.6.2 Non-Remote Control
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Tea Lights Market Size Forecast by Applications
10.10.1 Home and Personal
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Tea Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Tea Lights Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Tea Lights Market Size Forecast by Type
11.6.1 Remote Control
11.6.2 Non-Remote Control
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Tea Lights Market Size Forecast by Applications
11.10.1 Home and Personal
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Tea Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Tea Lights Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Tea Lights Market Size Forecast by Type
12.6.1 Remote Control
12.6.2 Non-Remote Control
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Tea Lights Market Size Forecast by Applications
12.10.1 Home and Personal
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Tea Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Tea Lights Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Tea Lights Market Size Forecast by Type
13.6.1 Remote Control
13.6.2 Non-Remote Control
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Tea Lights Market Size Forecast by Applications
13.10.1 Home and Personal
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Tea Lights Market: Competitive Dashboard
14.2 Global Electric Tea Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Homemory
14.3.2 Vont
14.3.3 Vivii
14.3.4 YIWER
14.3.5 JINHEZO
14.3.6 eLander
14.3.7 AGPTEK
14.3.8 Frux Home and Yard
14.3.9 CelebrationLight
14.3.10 IB SOUND
14.3.11 Homemory
14.3.12 Instapark
14.3.13 Sterno Products
14.3.14 Burning Sister
14.3.15 Pchero
14.3.16 Mr. Light LED
14.3.17 Jinggoal International Limited
