Light bulbs and LEDs provide a lot of commodity and a convenient light source which helps us in our everyday activities. Incandescent bulbs or commonly known as simply light bulbs are manufactured in a wide range of sizes, light output and voltage ratings, from 1.5 volts to about 300 volts.
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Light bulbs and LEDs are widely used and purchased items all around the globe. Life without these products is simply unimaginable because they provide us commodity and a convenient light source which helps us in our everyday activities. Incandescent bulbs or commonly known as simply light bulbs are manufactured in a wide range of sizes, light output and voltage ratings, from 1.5 volts to about 300 volts. These products don't require any external regulating equipment, have low manufacturing costs and can be used on alternating or direct current. Because of the low maintenance and affordability these products are widely used in households, business establishments, commercial lighting and are used in products such as table lamps, flashlights and many more.
The global LED bulb market reached a value of US $ 5.4 Billion in 2018. The market is further projected to reach a value of US $ 9.5 Billion by 2024, expanding at a CAGR of 9.4% during the year 2019-2024. Light bulb and LEDs have become a staple product in everyday use globally. Because the industry is always evolving and creating new and innovative ways to produce and manufacture these products the market and competition is extremely high, this provides a lot of room for creative output and private label brands excel at that. LEDs have become a mainstream in the industry and it is expected that they will overtake conventional CFL and CCFL lighting market in the following years. Thanks to the cost effectiveness and efficient production of LEDs the market is booming. With years of experience and expertise in the field, private label companies can offer quality products for your brand and help you achieve success. Private label manufacturers understand consumer needs and the current market and therefore can produce the trendiest products which will surely cater to a wide range of consumers.
The light bulb and LED industry is a great opportunity to start a private label business because of the product durability, power consumption and varying cost. Your brand can offer innovative products straight to your customers through private labeling. Private label manufacturers will take care of the production process to which you have access, advertisement of the products, packaging which attracts the consumer attention and makes them want to buy the products and distribution to local or regional retail establishments. Light bulbs, LEDs and flashlights have seen immense success and sales in supermarkets, hypermarkets, specialized stores, hardware stores and many other retail establishments. Consumers have been shifting to environment friendly products and your private label company can definitely cater to their needs. The light bulb industry is constantly improving the products to make them more cost efficient and lower energy consumption. Private labeling offers trendiest and newest products for your brand.