North America LED Flashlight Market – Worldwide Growth Survey by 2027
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The popularity and penetration of LED lighting have grown at an unprecedented rate during the past few years. The usage of LED-based lighting solutions in both residential and commercial applications is rising at a fast pace owing to falling prices of LED and increasing technological advancements in LED technology. According to International Energy Agency (IEA) statistics, the global uptake of LED-based lighting has been increasing at a substantial rate, and in the global residential sector, it rose from 5% market share in 2013 to reach 40% market share in the year 2018. The lowering costs of LED is another complementing factor that is anticipated to fuel the overall adoption of LED-based lighting solutions worldwide owing to positive initiatives taken by various countries. In addition, government initiatives to phase out inefficient halogen lamps and fluorescent lights and to introduce minimum quality standards for LED lighting are projected to drive the growth of the LED market worldwide.
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North America LED Flashlight Market - Companies Mentioned
- Bayco Products Inc.
- Browning International S.A.
- Dorcy International
- Energizer Holdings Inc.
- Larson Electronics, LLC
- Mag Instrument Inc.
- Nite Ize INc.
- Pelican Products, Inc.
- Streamlight Inc.
- Surefire LLC
Growing usage of LED flashlights as a safety tool in hazardous situations
With the evolving lighting technologies and improvement in materials, the adoption of LED-based flashlights is growing at an impressive pace in military & marine operations, law enforcement, oil & gas industries, and mining, among other industries. Many manufacturers are offering a wide variety of tactical LED flashlights that can be deployed in hazardous environments. The companies operating in the LED flashlight market are continuously working on improving their products in terms of weight and lifespan to meet the specific requirements of diverse industries. The LED flashlights are quickly replacing traditional incandescent flashlights owing to their benefits such as lightweight, high power, long lifespan, high efficiency, and long-range. Explosion-proof LED flashlights are a perfect example of technology advancements in the LED flashlight market. Hence, the demand for durable, safe, and innovative LED flashlights, especially in hazardous work environments, is anticipated to drive the future growth of the North American LED flashlight market.
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NORTH AMERICA LED FLASHLIGHT MARKET SEGMENTATION
North America LED Flashlight Market, By Type
- Rechargeable LED Flashlight
- Non-Rechargeable LED Flashlight
North America LED Flashlight Market, By Application
- Residential
- Commercial
- Military & Law Enforcement
North America LED Flashlight Market, By Country
- US
- Canada
- Mexico
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