LED Table Lamps Market Size, Share, Growth Analysis, By Product(Reading and Decorative), By Application(Household and Commercial), By Region - Industry Forecast 2024-2031

Asia pacific was the largest regional LED table market and will expand further at maximum growth rate of 16.1% owing to increased product usage in residential applications. The East Asia and South Asia regional segments have enjoyed the largest share in LED desk market on account of East Asia’s consolidation economics and growing economics of India, China, Bangladesh, and Southeast Asia region. India is a lucrative market in this region. New product launches in key markets including China and India are expected to boost product demand. Due to industrialization and urbanization the people in Asia Pacific are aware about the sustainable energy which led to the growth of the market in Asia Pacific.

The European regional segment is the other fast-growing segment, mainly on account of several favourable government policies in countries like Sweden, Germany and France that promote use of energy-efficient products like LED desk lamps. For the LED desk lamp, Europe will continue to be the key end-user owing to high R&D and manufacturing investment. Followed by Europe, North America is another large regional segment for LED. North America is expected to dominate the global market in terms of revenue generated, owing to the high demand for LED desk lamps. During the forecast period, Latin America is expected to witness the fastest CAGR.