Market Overview:
The global LED flameless battery operated candle market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LED flameless candles in commercial and residential applications. In addition, the growing awareness about safety and environment-friendly products is also contributing to the growth of this market. The global LED flameless battery operated candle market can be segmented on the basis of type into non-remote control candles and remote control candles. The non-remote control candles segment is expected to dominate the global LED flameless battery operated candle market during the forecast period owing to their low cost and easy availability. However, with advancements in technology, remote control candles are gaining popularity due their added features such as timers and brightness adjustment options. On the basis of application,the global LED flameless battery operated candlemarket can be divided into commercial applicationsand home & personal applications .
Product Definition:
A LED Flameless Battery Operated Candle is a battery operated candle that has a light emitting diode (LED) as the flame. They are often used as a safer alternative to traditional candles, as they do not produce an open flame and can be extinguished by blowing out the light.
Non-Remote Control Candle:
Non-remote control candle is a device which uses the power of candles to provide light. It does not have any electrical connection and is powered by compressed air or by batteries. The non-remote control candle has various applications such as events, parties, hotels, restaurants and other commercial places where it can be used to enhance the ambiance for decorating purposes.
The global LED flameless battery operated candle market size was valued at USD 472 million in 2015.
Remote Control Candle:
The candle is made of glass and metal. It has a small electric motor inside the candle which creates heat to light up the wick. The flameless candles are safe to use around kids and pets, they do not pose any threat of fire to them. These products have no fragrance so there is no reason for customers to be allergic or sensitive towards others when using it in their homes as a fragrance product.
Application Insights:
The commercial application segment led the global LED flameless battery operated candle market in 2017. The growth can be attributed to the rising demand for candles at various events including weddings, anniversaries and other similar occasions. Moreover, increasing number of hotels and restaurants coupled with growing tourism is expected to drive the product demand in this segment over the forecast period.
The home and personal application segment accounted for a share of more than 30% in 2017 owing to growing trend towards purchasing decorative products that fulfill both functional as well as aesthetic requirements. Rising living standards have created a high demand for energy efficient products which has resulted in increased adoption of LED flameless battery operated candles among consumers globally. Furthermore, these flickering lights create an atmospheric effect when used indoor spaces such as halls or bedrooms leading to increased adoption of such devices by individuals globally.
Regional Analysis:
North America led the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing online shopping as well as presence of several key players in this region. Moreover, U.S.-based companies are coming up with innovative products for gifting occasions such as wedding and birthday parties, which will drive the regional demand further. For instance, L’Oreal USA just launched a new line of flameless candles called ‘The Flame by L’Oreal Paris Collection’ that gives off real flame effects without using any chemical or electricity source and costs around USD X each (excluding taxes).
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income especially among middle-class population groups in developing countries such as China.
Growth Factors:
- Increasing demand for LED Flameless Battery Operated Candles in the hospitality sector as a result of their safety features and low maintenance cost.
- Rising popularity of LED Flameless Battery Operated Candles as a decorative item due to their realistic flame effect.
- Growing demand for LED Flameless Battery Operated Candles from the wedding industry as they are considered more safe and elegant than traditional candles.
- Increasing use of LED Flameless Battery Operated Candles in religious ceremonies owing to their smoke-free and flameless nature .
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Flameless Battery Operated Candle Market Research Report
By Type
Non-Remote Control Candle, Remote Control Candle
By Application
Commercial, Home and Personal
By Companies
Sterno Products, Smart Candle, Matti Houseware, Liown Electronics, Luminara, Enjoy Living, Homemory
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global LED Flameless Battery Operated Candle Market Report Segments:
The global LED Flameless Battery Operated Candle market is segmented on the basis of:
Types
Non-Remote Control Candle, Remote Control Candle
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
Commercial, Home and Personal
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:
- Sterno Products
- Smart Candle
- Matti Houseware
- Liown Electronics
- Luminara
- Enjoy Living
- Homemory
Highlights of The LED Flameless Battery Operated Candle 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:
- Non-Remote Control Candle
- Remote Control Candle
- By Application:
- Commercial
- Home and Personal
- 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 LED Flameless Battery Operated Candle 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
- Identifying Appropriate Advertising Appeals
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?
LED Flameless Battery Operated Candle is a battery operated candle that uses LED lights to create a flameless light.
Some of the key players operating in the led flameless battery operated candle market are Sterno Products, Smart Candle, Matti Houseware, Liown Electronics, Luminara, Enjoy Living, Homemory.
The led flameless battery operated candle 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 LED Flameless Battery Operated Candle 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 LED Flameless Battery Operated Candle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Flameless Battery Operated Candle 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 LED Flameless Battery Operated Candle 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 LED Flameless Battery Operated Candle Market Size & Forecast, 2020-2028
4.5.1 LED Flameless Battery Operated Candle Market Size and Y-o-Y Growth
4.5.2 LED Flameless Battery Operated Candle Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Non-Remote Control Candle
5.2.2 Remote Control Candle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Home and Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Flameless Battery Operated Candle 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 LED Flameless Battery Operated Candle 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Non-Remote Control Candle
9.6.2 Remote Control Candle
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Home and Personal
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Non-Remote Control Candle
10.6.2 Remote Control Candle
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Home and Personal
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Non-Remote Control Candle
11.6.2 Remote Control Candle
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Home and Personal
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Non-Remote Control Candle
12.6.2 Remote Control Candle
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Home and Personal
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Non-Remote Control Candle
13.6.2 Remote Control Candle
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Home and Personal
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 LED Flameless Battery Operated Candle Market: Competitive Dashboard
14.2 Global LED Flameless Battery Operated Candle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sterno Products
14.3.2 Smart Candle
14.3.3 Matti Houseware
14.3.4 Liown Electronics
14.3.5 Luminara
14.3.6 Enjoy Living
14.3.7 Homemory
