The US, Canada, and Mexico are the regions covered in the North American LED flashlight market. The availability of efficient infrastructure in the developed nations has enabled the manufacturing companies to explore the limits of science, technology, and commerce. The US is a developed country in terms of modern technology, a standard of living, infrastructure, and many others. The region witnessed technological advancements, which has result in a highly competitive market. North America is a hub of technological development which is encompassed with economically robust countries. Incorporating LEDs into flashlights enables the technology to be portable and compact, which is suitable for a workforce who uses a flashlight during the case of an emergency where brightness is important for performing or equipment repairs or rescue operations. Further, North America is witnessing a huge demand for LED flashlights among residential, commercial building, and more. This factor would help to increase the penetration of entire lighting sales.
The North America LED Flashlight market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Rising penetration of LED lighting and supportive government initiatives to drive the demand
The popularity and penetration of LED lighting have grown at an unprecedented rate during the past few years. The usage of LED-based lighting solutions in both residential and commercial applications is rising at a fast pace owing to falling prices of LED and increasing technological advancements in LED technology. According to International Energy Agency (IEA) statistics, the global uptake of LED-based lighting has been increasing at a substantial rate, and in the global residential sector, it rose from 5% market share in 2013 to reach 40% market share in the year 2018. The lowering costs of LED is another complementing factor that is anticipated to fuel the overall adoption of LED-based lighting solutions worldwide owing to positive initiatives taken by various countries. In addition, government initiatives to phase out inefficient halogen lamps and fluorescent lights and to introduce minimum quality standards for LED lighting are projected to drive the growth of the LED market worldwide.These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand for North America LED Flashlight in the market.
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North America LED Flashlight Market – MARKET SEGMENTATION
North America LED Flashlight Market, By Type
- Rechargeable LED Flashlight
- Non-Rechargeable LED Flashlight
North America LED Flashlight Market, By Application
- Military & Law Enforcement
North America LED Flashlight Market, By Country
North America LED flashlight Market – Company Profiles
- Bayco Products Inc.
- Browning International S.A.
- Dorcy International
- Energizer Holdings Inc.
- Larson Electronics, LLC
- Mag Instrument Inc.
- Nite Ize INc.
- Pelican Products, Inc.
- Streamlight Inc.
- Surefire LLC
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