Desk Lamp Market to hit USD 2.4 billion by 2032, says
From Globe Newswire: 2024-11-20 06:30:00
The desk lamp market was valued at USD 1.52 billion in 2023, with a projected CAGR of 5.3% from 2024 to 2032 due to the rise in home offices. Smart technology and LED lighting are key trends, with wireless lamps leading revenue growth. North America accounted for 37.4% of the market in 2023.
As remote work continues, ergonomic furniture and proper lighting are essential for eye health. Smart features and LED technology drive the market, appealing to environmentally conscious consumers. The demand for stylish desk lamps is also increasing as they become integral in modern interior design.
The desk lamp market offers wired and wireless options, with wireless lamps leading revenue in 2023. The popularity of wireless lamps is attributed to their space-saving advantages and modern design. LED technology dominates the market due to its energy efficiency and health benefits, appealing to both residential and commercial users.
North America’s desk lamp market is projected to grow at a CAGR of 6.4%, driven by investments in home office necessities. Desk lamps play a vital role in creating ergonomic work environments and ensuring optimal lighting conditions. Major players in the market include ArnsbergerLicht Inc, Artemide S.p.A., BenQ, and Flos S.p.A.
Read more at Globe Newswire: Desk Lamp Market to hit USD 2.4 billion by 2032, says