Specialty Lighting Market Forecast 2020 – 2027 Top Key Players Analysis


Posted November 19, 2020 by shaqibakram

Moreover, the growing adoption of lighting solutions for improved illumination and surgical procedures in the healthcare sector is further boosting the growth of the specialty lighting market.

 
The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

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The Speciality Lighting Market drivers and trends are as follows:

The rising number of sports competitions, live events, and music concerts worldwide, coupled with the rapidly increasing entertainment industry, are certain drivers surging the demand for specialty lighting solutions. Moreover, the growing adoption of lighting solutions for improved illumination and surgical procedures in the healthcare sector is further boosting the growth of the specialty lighting market. Strict government regulations for water, air, and surface disinfection, followed by the increasing adoption of UV lights for water purification, are also leading to an upsurge in demand for specialty lightings.

Rapid technological advancements that include smart lighting solutions, IoT, and WiFi controlled lighting are also anticipated to fuel the market growth. The smart lights connected via an app are largely used across auditorium, clubs, events, smart homes, hotels, which are projected to energize the market growth in the upcoming years. On the other hand, higher installation costs and lack of awareness about payback periods of specialty lights will hamper the growth of the market in the upcoming years.

Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the strong demand for specialty lights from the entertainment industry for stage lightings, studio lightings, concert focus lightings, and other applications. The rising number of hospitals in developing economies, including India, Japan, China, and South Korea, is also projected to increase the demand for specialty lights in the upcoming years. Furthermore, the growth in per capita disposable incomes, rapid urbanization, and the rising number of industries, including automotive, electronics, entertainment, hospitality, are further propelling the growth of the specialty lightings market.

Key Benefits of the Report:

This report offers an analytical depiction of the speciality lighting market while providing the current trends and future estimations to determine the imminent investment pockets.
This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the speciality lighting market share.
The report also provides a detailed speciality lighting market analysis based on competitive intensity and how the competition will take shape over the next six years.
Various companies covered in the Speciality Lighting Market report:

Signify Holding
OSRAM Licht AG
Cree, Inc.
Ushio, Inc.
Advanced Specialty Lighting, Inc.
Getinge AB
Herbert Waldmann GmbH & Co. KG
Brandon Medical Co Ltd.
Integra LifeSciences Corporation
Specialty Lighting Industries, Inc.
Segmentation of the Speciality Lighting Market:

Breakup by Light Source:

LED (Light-Emitting Diode)
Others
Breakup by Application:

Entertainment
o Stage lighting

o Studio lighting

o Others

Medical
o Surgical lighting

o Examination lighting

UV lamps
o Air purification

o Water purification

o Surface purification

Others
Breakup by Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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Last Updated November 19, 2020