LED Desk Lamp Market Is Driven By Increasing R&D Activities And Product Innovation

1. LED Desk Lamp Market - Growth, Size, Share, Forecast, industry Analysis 2019 - 2027 LED Desk Lamp Market Is Driven By Increasing R&D Activities And Product Innovation According to a new market research report published by Credence Research “GlobalLED Desk Lamp Market(Product (Decorative Lamp, Reading Lamp); Application (Residential, Commercial); Distribution Channel (Online, Offline)) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the LED desk lamp market is set to grow with a CAGR of 14.5% during the forecast period, starting from US$ 4.55 Bn in 2018. Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/led-desk-lamp-market Market Insights The global market for LED desk lamps is driven by increasing R&D activities among lamp manufacturers and constant advances in product design and features. Lamp manufacturers are investing heavily in R&D activities to develop compact, lightweight and energy-efficient lighting lamps to provide their customers with better lighting experience and edge over competitors. Market players are also leveraging advanced technologies such as AI and human-centric lighting to enhance their product offering and accelerate sales. In addition, the growing popularity of home automation and smart home solutions provides an immense opportunity for the growth of the demand for LED lamps. The incorporation of IoT systems into the lighting system has also resulted in a number of market growth opportunities. In addition, the increasing focus on climate change and the constant efforts of manufacturers to reduce heat emissions from lamps are also accelerating market growth. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60009 The demand for LED desk lamps is bifurcated on the basis of the distribution channel to the online and offline sales channel. Offline sales channel accounted for more than 60 percent of the market share for LED desk lamps in 2018. Nonetheless, it is projected that the online sales channel will gain traction during the forecast period. The growing trend of online shopping and the increasing consumer outlook for online shopping is the primary driver of market growth. In addition, the attractive offers and discounts offered by e-commerce companies are also boosting the growth of the online sales channel market. Europe is one of the leading regions in the market for LED desk lamps with a market share of more than 30% in 2018. The market is driven by the large-scale adoption of LED lamps and luminaires throughout the world. In addition, strict government regulations across the area to limit the use of inefficient lamps serve as a key driver for the growth of LED desk lamps in the region. You can get the sample copy of this research by Credence Research here @ https://www.credenceresearch.com/sample-request/60009

2. Key vendors in LED Desk Lamp market are Donghia Inc., General Electric Company, GUANYA, Koninklijke Philips N.V., Ningbo Liangliang, OPPLE Lighting, OSRAM GmbH, Panasonic Corporation, SYSKA LED, and Yingke Lighting Electric Co Ltd. About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Contact: Credence Research Inc Name: Chris Smith (Global Sales Manager) E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: https://www.credenceresearch.com