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Electric Tealight Candles Market Size, Share & Industry Analysis, By Type (Remote Control, Non-Remote Control), By Application (Home & Personal, Commercial) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104202 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

The electric tealight candles appears as a warm white color, they are made from plastic and LED lights. It could be either a remote control or non-remote control. The product is designed in such a way that it can provide a realistic and natural bright look. It provides flickering and has a long battery life. Additionally, the electric tealight candles are easy to use and safe for kids & pets. It is flameless, smoke-free, zero hazardous, and has no burning risk. These properties make it an effective solution over original candles. The electric tealight candles find its use in the home & personal, and commercial applications.


The rising demand for electric tealight candles in the home & personal applications will fuel market growth. The tealight candles are ideal for home decoration, weddings, centerpieces, church, party, votives, and festivals. The product can be easily operated through the switch button, this further reduces the time & efforts for the person to light candles. Its properties and availability of various designs make it a perfect solution over traditional candles and surge its demand in the home & personal application.


However, the electric tealight candles are costlier when compared with other candles. This further restricts its use in various applications. Hence, this is anticipated to hamper the market growth.


Key Market Driver -

The rising demand for electric tealight candles in the home & personal applications to drive the market growth

Key Market Restraint -

High price of the electric tealight candles to restrict market growth


Market Segmentation:


Based on type, the electric tealight candles market is segmented into remote control and non-remote control. Based on application, the market is segmented into home & personal and commercial. From geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players Covered:


The key players in the electric tealight candles market includes IKEA United Kingdom, Wilko, T&H Candles Corp, Smart Candle Infom, National Artcraft Co., Alcyon, PK Green Enterprise Ltd, Battery Operated Candles, The Glow Company UK Ltd., and AuraDecor.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


Asia Pacific is anticipated to witness sustainable growth in the electric tealight candles market during the forecast period. The growth is due to the increasing adoption of the electric tealight candles over traditional candles. In Europe, the growth is due to the rising adoption of remote control candles in the commercial application. The rising demand for the product in the home & personal application will fuel the electric tealight candles market growth in North America. The Middle East & Africa witnessed significant growth, owing to the increasing use of non-remote control candles for decoration purposes.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Type




  • Remote Control

  • Non-Remote Control



By Application




  • Home & Personal

  • Commercial



By Geography




  • North America (U.S. and Canada)

  • Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



  • Ongoing
  • 2021
  • 2018-2020

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