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The global LED table lamps market size is expected to reach USD 13.37 billion by 2025 registering a CAGR of 15.2%, according to a new report by Radiant Insights, Inc.
In addition, growing popularity of smart homes, especially in developing economies including China and India, is propelling the product demand.
Download Free Sample Report @ https://www.radiantinsights.com/research/led-table-lamps-market/request-sample Decorative products was the largest segment in 2018 with a market share of more than 60%.
The new product has four different modes and has its own voice-controlled smart assistant.
Some of the prominent companies in the global market are Koninklijke Philips N.V.; OSRAM GmbH; Ningbo Liangliang; General Electric Company; SYSKA LED; Panasonic Corp.; GUANYA; OPPLE Lighting; Donghia, Inc.; and Yingke Lighting Electric Co., Ltd. Further key findings from the study suggest: • Commercial application segment led the global LED table lamps market in 2018 and will retain its dominant position throughout the forecast years due to wide product usage in offices, restaurants, etc.
• Decorative lamps is expected to be the fastest-growing as well as the largest product segment during the forecast years • Offline distribution channel is the largest segment; however, online segment will expand at the maximum growth rate from 2019 to 2025 • APAC will be the largest and fastest-growing market from 2019 to 2025 due to the presence of emerging economies along with a number of initiatives and policies encouraging the usage of energy-efficient lighting system Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/led-table-lamps-market Table of Contents Chapter 1.
The global LED table lamps market size is projected to touch USD 13.37 billion by the end of 2025, as per the report released by Million Insights.
Further, the shifting preference for smart homes, particularly in emerging nations such as India and China, is driving the demand for the product over the forecast years.
For example, General Electronic Company, in 2016, introduced a table lamp equipped with Amazon Alexa.
The company has partnered with Amazon to equip lamps with the Echo dot device.
Thus, such innovative products in the market are predicted to bode well for the industry growth in the upcoming years.
Leading companies operating in the region are emphasizing on the product optimization along with product and technological enhancement to satisfy the rising demand, which is predicted to fuel the APAC market over the estimated years.
The Rare-Earth Metals Market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period.Browse 99 market data Tables and 43 Figures spread through 156 Pages and in-depth TOC on "Rare-Earth Metals Market by (Lanthanum, Cerium, Neodymium, Praseodymium, Samarium, Europium, & Others), and Application (Permanent Magnets, Metals Alloys, Polishing, Additives, Catalysts, Phosphors), Region – Global Forecast to 2026"The increasing use of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market.
The important elements in this sector are europium, terbium, and yttrium.
The company offers rare earth oxides from mines.
Its rare earths are a group of chemical elements with unique magnetic, luminescent, and electrochemical properties.
Lynas Corporation is headquartered in East Perth West Australia, Australia.Request Report Sample At https://www.marketsandmarkets.com/requestsampleNew.asp?id=121495310Arafura Resources Ltd (Arafura) is a rare-earth metals mining and exploration company.
It is involved in exploration and development of various mineral sources including rare earths, phosphate, uranium, iron, vanadium and gold.
