With the development of society, environmental protection and energy saving flameless LED battery-powered candles are widely used in life. The flameless LED battery-powered candles have a tiny embedded LED light circuit board running on the battery, which often looks like a real candle. The flame head contains at least one LED lamp that illuminates the flame plate. The LED lamp is installed on the flame plate base and the control circuit is electrically connected to the LED lamp. The advantages of flameless LED battery-powered candles are that they require very little space and consume very little energy. Flameless LED battery-powered candles is suitable for all kinds of candle stand. It can be used as small night light for illumination and other decoration. It is also safe and environmental.
There are various types of flameless LED candles, such as Taper, Pillar, Votive and others. The main difference lies in the shape. Taper candles refer to longer LED battery candles, which are generally not wide and slightly long. Pillar candles refer to cylindrical LED battery candles, which are generally not as long as Taper candles, but are wider and more domestic. The shape of votive candles is generally a low cylindrical shape, which is mainly used for making wishes, weddings, parties, and holiday decorations. At present, pillar candle occupies most of the market share. In 2020, its market value has reached $125.9 million, which is the highest market value of all types.
Flameless LED Battery-Powered Candles, as an excellent decoration, can be divided into commercial and personal use according to application. For personal use, flameless LED battery-powered candles can be used for personal decoration, such as home decoration and wedding decoration. For commercial use, flameless LED battery-powered candles can be used in restaurants and store decoration. Commercial use currently holds a major share of the market, which has reached a market value of $127.74 million by 2020.
Global Flameless LED Battery-Powered Candles Industry Market Status and Prospect Analysis
The global flameless LED candles market generated a total revenue of $164.36 million in 2015, increasing to $208.02 million in 2020. The market is expected to reach a value of $269.2 million by 2025. Flameless LED candles will grow at a CAGR of 4.78% from 2020 to 2025.
China is the largest revenue market with a market share of 36.13%. China has a large population and the demand for flameless LED candles is high. With the rapid economic and technological development in China in recent years, public lifestyles have changed accordingly. People are increasingly pursuing a quality and romantic lifestyle. Housing construction is increasing, and the demand for flameless LED candles as home decorations and tools for creating ambiance is gradually increasing. Its market value is expected to reach $98.32 million by 2025, up from $75.16 million in 2020.
North America ranks second in the world with a 22.71% market share. The US is the largest national economy and leading global trader, with a high demand for flameless LED candles due to the prevalence of hedonism and consumerism and high environmental awareness. North America market value has reached $47.25 million in 2020.
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Opportunities and Challenges in the Global Flameless LED Battery-Powered Candles Industry
With the continuous development of the flameless LED candle industry, the intensity of competition has also increased. However, fierce competition is not conducive to the sustainable development of the industry, and will lead to the proliferation of substandard or duplicate products, which is not conducive to the healthy development of the market. In addition, the regional development of the flameless LED candle industry is uneven. Some regions have formed a complete industrial chain with a large market share, while some regions do not have a mature and perfect operating chain, which is not conducive to the development of the industry. Some countries have backward economy and low level of science and technology, the standard of living is not high, either. At the same time, people in some areas are not very aware of the use of flameless candles, which makes it difficult for the industry to develop.
Flameless LED battery-powered candles generally use alkaline batteries. Alkaline batteries will leak electrolyte if left for a long time, causing irritation to the eyes, respiratory tract and skin. Meanwhile, the electrolyte will corrode metals, damage electronic components, and damage products that use batteries.
Although these factors have brought many challenges to the market, the development of the times has also brought many opportunities. On the one hand, with the development of modern economy and science and technology, the process of urbanization has accelerated, and the construction of new houses has increased. In recent years, many countries have made breakthroughs in building environmentally friendly houses that consume the least energy. These measures are expected to further promote the demand for environmentally friendly home decoration products in the next few years, including flameless LED candles. On the other hand, traditional fuel candles will produce smoke when lit, which not only pollutes the environment, but also affects public health. There is even a fire hazard, which poses a great threat to human and property safety. Due to the risk of fire caused by real candles, people began to pay attention to flameless LED battery candles with no heat source, no fire hazards, which further promoted public demand.
Moreover, the rapid advancement of technology and the continuous increase in demand have also led to continuous product innovation. Some manufacturers have added additional functions to the flameless LED candles, such as remote control, which allows users to operate it from anywhere. It even introduced different types of flameless candles, such as tea lights, pillar candles, wishing candles and cone candles, thus providing customers with a wide range of choices. Therefore, it is expected that in the next few years, advances in technology and design of flameless LED candles are expected to drive further market growth.
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