Eye Protection Light Market is Likely to Experience a Strong Growth During 2022-2026
April 08, 2022
Apr 08, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Eye Protection Light Market.
It was estimated prior to this unanticipated outbreak that the Eye Protection Light Market is expected to grow at a CAGR of over 5% during the forecast period. Eye protection lights are lights that help to protect the eyes. Some eye protection lights enable to promote the prevention of myopia. If eyes have clinical effects, these lights belong to the category of medical devices. Poor light quality can cause strain to the eyes. The problems are generally poor colour reproduction, overheated colour temperature, and unqualified illumination degrees. Also, the lighting in a close distance of around 30 cm is likely to glare at the eyes and make eyes dazzling.
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Market Dynamics
Growing awareness of proper lighting is one of the key factors.
- Lighting plays a key role in productivity, especially for children’s eyesight development, helping the elderly and sleep-cycle & wake-up cycle.
- Also, poor artificial lighting can affect the quality of life and result in disturbed sleep patterns, headaches, and eye discomfort.
- Moreover, the rising working population as well as the growing children population further drives the need for better lighting table lamps for work and studies.
- Additionally, an increasing number of schools spurs the need for better lamps for studies, thus offer ample opportunities to the market players.
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By application, the global eye protection light market has been classified into home, school, and others.
- The home segment witnessed a significant market share in 2020 and is likely to register a healthy CAGR in the coming years.
- This is majorly attributed to the growing need for study lamps for kids to carry out their homework and study for their exams.
- Also, the eye protection lights are used by other members of the home such as adults and the elderly in dining tables and living rooms, further boosting the segment growth.
Based on the region, the global eye protection light market was dominated by North America and it is projected to moderate CAGR during the review period.
- This is mainly due to the increasing number of schools coupled with the rising youth population, which boosts the regional market growth.
- Furthermore, increasing standards of living and growing awareness of proper lighting in the U.S. and Canada further augments product consumption.
Key Players:
Key players operating in the global Eye Protection Light market are-
- Leimove (Hong Kong),
- Philips (Netherlands),
- OPPLE (China),
- Panasonic (Japan),
- OSRAM (Germany),
- YAGE (China),
- Dpled (China), and
- Midea (China).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Eye Protection Light analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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