The Global Candelabra Bulbs Market size is expected to grow from USD 1.5 Billion in 2021 to USD 2.4 Billion by 2028, at a CAGR of 6.2% during the forecast period (2021-2028). The demand for energy-efficient lighting solutions is increasing due to government initiatives and a focus on reducing carbon footprints globally. Candelabra bulbs are preferred for their aesthetic appeal as well as lower operating costs when compared with traditional incandescent lamps and fluorescent lamps, which has propelled the growth of this market over the past few years.
Candelabra Bulbs are an integral part of the lighting fixture. They are often used for decorative purposes and provide a softer light that is more appropriate in living areas. The term candelabra bulb can refer to incandescent or LED versions, with the latter replacing traditional ones due to their low energy consumption levels.
Candelabra Bulbs is used for lighting up the areas where a large amount of space needs to be lit. It has an upright shape and can stand on its base or hang at any height from the ceiling, it emits more concentrated light than other types such as incandescent bulbs because they are designed with special shapes in order to focus their beams into narrow slits which produce intense luminous sheens.
On the basis of Types, the market is segmented into 25W, 40W, and 60W.
25W: 25W bulbs are the most common type of Candelabra Bulbs.
40W: 40-watt bulbs are less powerful than 60-watt, but they last for a longer time. The lifespan is approximately 2000 hours. It will not be burnt if you use it for about 12 to 14 hours per day.
60W: This light bulb has 100 watts of power and it lasts for 1500 of working life in one hour with 15000 lumens brightness as well as the highest luminous efficacy (Lm/W).
On the basis of Application, the market is segmented into Household and Commercial.
Candelabra bulbs are used for decorative purposes in many places around the home. These lamps create a cozy atmosphere, which is especially popular during Christmas and holiday seasons. In addition to their role as interior decorations, Candelabra bulbs can also be utilized outdoors at Halloween parties or other occasions where low light levels need to be created in an outdoor setting
In restaurants, candelabra bulbs with lower wattage may be preferable for ambiance purposes; these types also work well in retail establishments where low lighting is desired especially if it's located near products like jewelry which could trigger sensitivity to brightness from overhead lamps. Additionally, commercial locations often use them for display purposes when displaying merchandise that doesn't require extra illumination such as fresh produce or flowers (products that would otherwise wilt).
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The demand for candelabra bulbs in the North America region is projected to grow significantly owing to factors such as increasing use of energy efficient lighting solutions across various sectors including residential and commercial which enhance the adoption rate for low wattage products.
Near-term challenges are anticipated from tariffs imposed on imported light fixtures due to trade conflicts between China and U.S.; this may have an impact on both consumption levels in the region as well as prices but still if these issues get resolved soon then there could be positive implications with regard to investment opportunities not just locally but also internationally.
Apart from the growth expected in this market for Candelabra Bulbs, there are several other factors that will drive it. Firstly, there is a rise in demand for low-wattage bulbs due to energy conservation needs and rising costs of electricity. Secondly, newer technologies such as LED lamps have flooded the markets with affordable alternatives which can be used instead of incandescent or Halogen light sources.
Thirdly, increasing awareness about hazardous effects on human health caused by exposure to mercury vapor has made many countries impose stricter regulations around importing these products into their borders thus reducing global supply levels and boosting prices. This had led manufacturers to shift towards more eco-friendly technology like LEDs (Light Emitting Diodes) or CFLs (Compact Fluorescent Lamps).
Up Market Research published a new report titled “Candelabra Bulbs Sales Market research report which is segmented by Types (25W, 40W, 60W), By Applications (Household, Commercial), By Players/Companies GE Lighting, Philips Lighting, Cree Lighting, Westinghouse Lighting, TCP, Kodak, Bulbrite, Feit Electric, TriGlow, MaxLite”.
|Report Attributes||Report Details|
|Report Title||Candelabra Bulbs Sales Market Research Report|
|By Type||25W, 40W, 60W|
|By Application||Household, Commercial|
|By Companies||GE Lighting, Philips Lighting, Cree Lighting, Westinghouse Lighting, TCP, Kodak, Bulbrite, Feit Electric, TriGlow, MaxLite|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||220|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 25W, 40W, 60W and By Application Household, Commercial.
Some of the companies that are profiled in this report are:
Candelabra Bulbs Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Candelabra Bulbs Sales 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 2028.
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