Specialty Lighting Market Analysis, Growth, Review and Forecast 2024

1
MarketsandMarkets Presents
The Specialty Lighting Market is projected to
reach USD 7.2 billion by 2024 from USD 5.4
billion in 2019, at a CAGR of 5.9 from 2019 to
2024. The major drivers for the markets growth
are the increasing number of live music events
and concerts stringent government regulations
for air, water, and surface disinfection growing
penetration and adoption of surgical lighting for
minor and major surgical procedures and
decreasing cost and increasing penetration of
LEDs. Underlying opportunities for the Specialty
Lighting Market include the increasing demand for
ultrapure water from end-use industries and high
growth prospects in new applications.
2
MarketsandMarkets Presents
LED light source for Specialty Lighting to grow
at higher CAGR during forecast period LEDs are
semiconductors that convert electricity to light
through the movement of electrons. They have
evolved as a major lighting technology, as they
are more environmentally beneficial than
high-intensity discharge (HID)/halogen lights in
terms of power consumption, reliability, and
durability. In the entertainment application, LED
light sources enhance the quality of light, heat
dissipation, and light distribution, which
increases their use in special lighting
applications. LEDs save energy and require less
maintenance. Get PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id261604039
3
MarketsandMarkets Presents
Entertainment to hold largest share of Specialty
Lighting Market during forecast
period Entertainment lighting leads the Specialty
Lighting Market. Entertainment lighting includes
lamps which maintain the focus of the audience
and provide proper intensity, color distribution,
and direction to the performers. Entertainment
lighting has various applications, including
stage, studio, and others. Stage lighting leads
the entertainment lighting segment, followed by
studio and others, and this trend is expected to
remain the same during the forecast period. Due
to the increasing number of music events, the
demand for specialty lighting for entertainment
is likely to increase in the coming years.
4
MarketsandMarkets Presents
Asia Pacific Specialty Lighting Market expected
to grow at highest CAGR during forecast
period Asia Pacific is the fastest-developing
region for most of the segments such as medical,
UV lamps, and entertainment lighting. The region
represents the fastest-growing market worldwide
during the forecast period. The increasing demand
for UV disinfection equipment among residential,
commercial, municipal, and industrial end users
is the key driving factor for the high growth of
UV disinfection equipment market, which
subsequently fuels the growth of the UV lamps
market.
5
MarketsandMarkets Presents
Asia Pacific Specialty Lighting Market expected
to grow at highest CAGR during forecast
period The expansion of airport infrastructure
and the need to control the maintenance cost of
lighting systems fuel the growth of the airport
lighting market in the region. Countries such as
China, Japan, South Korea, India, Taiwan,
Australia, and Singapore are expected to be the
major contributors to the Asia Pacific Specialty
Lighting Market.
6
MarketsandMarkets Presents
Key Players Signify Holding (Signify,
Netherlands), OSRAM Licht AG (OSRAM, Germany),
Cree, Inc. (CREE, US), Ushio, Inc. (USHIO,
Japan), Advanced Specialty Lighting, Inc.
(Advanced Specialty Lighting, US), Getinge AB
(Getinge, Sweden), Herbert Waldmann GmbH Co. KG
(Waldmann, Germany), Brandon Medical Co Ltd
(Brandon Medical, England), Integra LifeSciences
Corporation (Integra LifeSciences, US), and
Steris PLC (Steris, US) are a few major players
in the Specialty Lighting Market. Browse For More
Details - https//www.marketsandmarkets.com/Market
-Reports/specialty-lighting-market-261604039.html
7
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
8
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/specialty-lighting.asp