There are numerous factors influencing this market. Spending on advertisements for controllable, fashionable, and sophisticated LED bulbs for residential use has increased. Growing Interest in Old-Fashioned Candelabra Bulbs for Indoor Lighting Growth in Developed and Developing Countries and an Increase in Available Resources.
In lighting fixtures like chandeliers and ornate wall mounts, where both compact size and upscale appearance are essential, candelabra bulbs are frequently utilized. Residential areas that incorporate effective and long-lasting candelabra LED bulbs are becoming more and more popular. Additionally, there are other opportunities, including the building industry's rapid growth, the emergence of traditional candelabra bulbs in home décor, and growing global smart city initiatives that are attracting significant investments in technology
LED candelabra lights are now preferred above all other bulbs due to their shown energy economy in terms of increased lumen output per wattage, improved productivity, cheaper operating costs, and extended bulb life span.
Given its size, the candelabra bulb produces sufficient light and is available in white, warm white, and daylight varieties.
Because of their teardrop-shaped design and filament, which closely resembles a candle, candelabra light bulbs got their name. The candle flame-like form of the bulbs gives them a striking aesthetic appeal and countless decorative uses. The bulb's form is frequently altered with extra accents on the tip of the bulb to improve its decorative attractiveness. These bulbs have been used frequently as chandelier bulbs for night lights and other settings because of their aesthetic edge. A real candelabra bulb has a C7 bulb and an E-12 base. The E-12 base, which is also referred to as a candelabra base and is noticeably smaller and narrower than conventional bulbs, is an Edisonian base with a 12mm diameter. The most recent candelabra bulbs have an E-12 base and come in a variety of shapes, such as candle, tube, and globe shapes.
Candelabra light bulbs are distinguished by their teardrop forms and relatively small (usually E12) sockets. Along with fluorescent lamps (CFLs) and incandescent lamps, candle flames, and wavy tips, there are also many shapes, sizes, and colors. The light bulb is used in ceiling-mounted light sources, desk and floor lighting fixtures, floor and table lamps, freezers, range hoods, and exit lights.
The global candelabra bulb market had a value of US$ 1.2 billion in 2021. According to the publisher, the market will reach US$ 4.7 billion by 2031 and rise at a CAGR of 11.28% between 2021 and 2031.
This market is being hampered by a number of problems, including high costs, high maintenance requirements, and the delicate nature of candelabra bulbs. This market is also being impacted by the availability of counterfeit goods, fluctuating labor and raw material costs, and other factors.
GE Lighting (United States), Philips Lighting (Netherlands), Cree Lighting (United States), Satco Products, Inc. (United States), Sunlite (United States), Westinghouse Electric Corporation (United States), TCP Lighting (United States), Bulbrite (United States), and Feit Electric are a few of the major players profiled in the report (United States). Additionally, the following businesses that fall under our purviews—such as MaxLite (United States), BulbAmerica (United States), and Vickerman Company—can be highlighted (United States).
By Product Type (25W, 40W, 60W)
With a share of more than 40%, 60 W is the largest segment in terms of product type.
Using Application (Household, Commercial)
Commercial candelabra bulbs and household candelabra bulbs have the two broadest applications, respectively. In 2021, the commercial application segment had the highest share (84.9%). This is attributable to the growing use of lighting fixtures in workplaces, warehouses, hospitals, and retail spaces, as well as the numerous benefits of adopting high-tech bulbs. Furthermore, the demand for commercial lighting fixtures is expanding due to the expansion of smart city development initiatives and government support for energy-efficient products. The residential lighting fixtures application category is estimated to develop at the highest CAGR of 5.7% over the course of the forecast period due to the growing acceptance of LED bulbs as a replacement for incandescent and fluorescent lights for home decor.
By 2021, according to the research, US vendors will hold the largest market share for candelabra bulbs.
The COVID-19 epidemic has resulted in widespread lockdowns, line restrictions, and the dissolution of transportation organizations.
Additionally, compared to previous flare-ups, the market for candelabra bulbs is far more financially vulnerable. The global market for candelabra bulbs is experiencing multiple effects as a result of the rapidly increasing cases. The availability of labor is reportedly disrupting the supply chain of the global market for candelabra bulbs as people are being forced to stay indoors due to the lockdown and the spread of the disease. Transporting the goods and introducing the manufacturers of candelabra bulbs are related. Transportation and, similarly, the shop network also halt if the assembling movement does.
Candelabra Bulbs Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||US$ 4.7 billion|
|Growth Rate||CAGR of 11.28% during 2021-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||GE Lighting (United States), Philips Lighting (Netherlands), Cree Lighting (United States), Satco Products, Inc. (United States), Sunlite (United States), Westinghouse Electric Corporation (United States), TCP Lighting (United States), Bulbrite (United States), and Feit Electric|
Key Segments of the Global Candelabra Bulbs Market
By Type Overview, 2021-2031 (USD Billion)
By Application Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and Africa