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By 2030, the market for speciality lighting is anticipated to reach USD 11.80 billion, growing at a CAGR of 8.0% from 2022 to 2030. The rise in live music events and concerts, strict government regulations requiring surface, air, and water disinfection, increased acceptance of surgical lighting for both small and major surgical procedures, and the falling cost and expanding use of LEDs are the main factors propelling the market's expansion.
Equipment for LED lighting that performs outside of the norm is referred to as "speciality lighting." Specialty lighting is defined as lighting with a specialised shape, architecture, and foundation in addition to having unique built-in components to carry out lighting functions. The speciality LED lights serve a purpose rather than serving as engine room or courtesy decor. They consist of things like LED panels, RGB controllers, tape lights, micro lighting fixtures, and other things. Due to its size and use, speciality lighting is employed in circumstances where normal lighting is inefficient. Speciality lighting is designed to achieve very particular goals across a variety of applications. Healthcare, retail, commercial, and entertainment venues all make use of speciality lighting.
Smart lighting solutions and other new technological advancements like the Internet of Things (IoT) are also anticipated to support the growth of the speciality lighting industry. Additionally, the business is expanding quickly thanks to the television series industry, opera sets, and the cinema industry. The Energy Star Programme, the UNEP, and the National Electric Code (NEC), which have strict regulations for the lighting industry, present a barrier to market expansion.
Impact of COVID-19 on the Industrial Ethernet Market
The COVID-19 epidemic has significantly slowed the market for specialist lighting from expanding. The lockdown has caused a complete halt to all residential, commercial, and industrial infrastructure development, restoration, and maintenance, which has significantly reduced consumer demand for the speciality lighting industry. One of the most important channels for the distribution of speciality lighting is thought to be e-commerce. Demand has significantly decreased as a result of the shutdown's disruption of supply and logistics. Despite these difficulties, there will certainly be more need for medical illumination as there are more temporary hospitals and more surgical and diagnostic facilities available. However, many countries throughout the world are constantly adding hospital beds, thus this issue needs to be handled by constructing new isolation and treatment units and by acquiring more medical supplies and lights.
Report Coverage
Global Specialty Lighting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Specialty Lighting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Specialty Lighting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Specialty Lighting market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Specialty Lighting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Specialty Lighting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Advanced UV Light GmbH, Simeon Medical, Altman Lighting, Advanced Specialty Lighting, SMART Global Holdings, Guangzhou Yajiang Photoelectric Equipment Co., Technomed India, Crystal IS, Signify, XYLEM, OSRAM, Getinge AB, American Ultraviolet, Daray Medical, Steris PLC, Color Imagination LED Lighting, Integra Lifesciences, Ushio, Herbert Waldmann
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Specialty Lighting market based on the below-mentioned segments:
Global Specialty Lighting Market, By Type
Global Specialty Lighting market, By Application
Global Specialty Lighting market, Regional Analysis
Equipment for LED lighting that performs outside of the norm is referred to as "speciality lighting." Specialty lighting is defined as lighting with a specialised shape, architecture, and foundation in addition to having unique built-in components to carry out lighting functions. The speciality LED lights serve a purpose rather than serving as engine room or courtesy decor. They consist of things like LED panels, RGB controllers, tape lights, micro lighting fixtures, and other things. Due to its size and use, speciality lighting is employed in circumstances where normal lighting is inefficient. Speciality lighting is designed to achieve very particular goals across a variety of applications. Healthcare, retail, commercial, and entertainment venues all make use of speciality lighting.
Smart lighting solutions and other new technological advancements like the Internet of Things (IoT) are also anticipated to support the growth of the speciality lighting industry. Additionally, the business is expanding quickly thanks to the television series industry, opera sets, and the cinema industry. The Energy Star Programme, the UNEP, and the National Electric Code (NEC), which have strict regulations for the lighting industry, present a barrier to market expansion.
Impact of COVID-19 on the Industrial Ethernet Market
The COVID-19 epidemic has significantly slowed the market for specialist lighting from expanding. The lockdown has caused a complete halt to all residential, commercial, and industrial infrastructure development, restoration, and maintenance, which has significantly reduced consumer demand for the speciality lighting industry. One of the most important channels for the distribution of speciality lighting is thought to be e-commerce. Demand has significantly decreased as a result of the shutdown's disruption of supply and logistics. Despite these difficulties, there will certainly be more need for medical illumination as there are more temporary hospitals and more surgical and diagnostic facilities available. However, many countries throughout the world are constantly adding hospital beds, thus this issue needs to be handled by constructing new isolation and treatment units and by acquiring more medical supplies and lights.
Report Coverage
Global Specialty Lighting research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Specialty Lighting report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Specialty Lighting competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Specialty Lighting market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Advanced UV Light GmbH, Simeon Medical, Altman Lighting, Advanced Specialty Lighting, SMART Global Holdings, Guangzhou Yajiang Photoelectric Equipment Co., Technomed India, Crystal IS, Signify, XYLEM, OSRAM, Getinge AB, American Ultraviolet, Daray Medical, Steris PLC, Color Imagination LED Lighting, Integra Lifesciences, Ushio, Herbert Waldmann |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Specialty Lighting Market from 2021 to 2030.
- Market Forecast for Specialty Lighting Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Specialty Lighting competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Specialty Lighting
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Specialty Lighting market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Specialty Lighting market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Advanced UV Light GmbH, Simeon Medical, Altman Lighting, Advanced Specialty Lighting, SMART Global Holdings, Guangzhou Yajiang Photoelectric Equipment Co., Technomed India, Crystal IS, Signify, XYLEM, OSRAM, Getinge AB, American Ultraviolet, Daray Medical, Steris PLC, Color Imagination LED Lighting, Integra Lifesciences, Ushio, Herbert Waldmann
Primary Target Market
- Market Players of Specialty Lighting
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Specialty Lighting market based on the below-mentioned segments:
Global Specialty Lighting Market, By Type
- LED
- Halogen Lamps
- Xenon Bulbs
- Incandescent Lamps
- Metal Halide Lamps
- Other Light Source
Global Specialty Lighting market, By Application
- Entertainment
- Medical
- UV Lamps
- Commercial
- Institutional
- Retail
- Other
Global Specialty Lighting market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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