Global Specialty Lighting Market size was valued at US$ XX Bn in 2019 and expected to reach US$ XX Bn by 2019 at a CAGR of 7.4 % during the forecast period.
The global Specialty Lighting market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Specialty Lighting report also provides trends by market segments, technology, and investment with a competitive landscape.
Overview of Specialty Lighting:
Lighting that is made with a specific shape, base, design, and special built-in characteristics to fulfill lighting tasks is known as specialty lighting. Specialty lighting is utilized in situations where standard lighting is insufficient due to size or functionality. Healthcare, retail, business, and entertainment are just a few of the industries that use specialty lighting.
Various light sources, such as incandescent, halogen, xenon, and LED are available for specialty lightings. These bulbs and lamps are designed with a specific shape, base design, and built-in features to conduct certain lighting duties, such as water disinfection, surgical suites, endoscopy operations, dental procedures, and follow spot lightings, among other things.
Global Specialty Lighting Market Dynamics:
The need for specialty lighting is increasing as the number of events such as music tours and sporting events grows. Every year, approximately 800 music festivals take place in the United States, attracting about one million attendees. Aside from the United States, the most popular countries for music concerts are Japan, India, South Korea, Canada, Germany, France, Italy, and the United Kingdom. As a result, the start of these major events aids specialty lighting vendors in producing large money each year. The market is also growing due to increased demand from television series production companies, opera sets, and the film industry.
Market growth is also projected to be driven by technological breakthroughs such as the Internet of Things (IoT) and smart lighting solutions. In clubs and at events, the app-connected smart light is commonly employed. The increased installation cost of these lighting solutions, on the other hand, is preventing their widespread adoption.
Global Specialty Lighting Market: Impact of Covid-19
The global COVID-19 epidemic, which resulted in lockdown and curfews has hampered market growth. However, due to the construction of temporary hospitals and the necessity for surgery and examination facilities, the demand for medical illumination is likely to increase. Several countries are exceeding the number of hospital beds that must be reduced through the development of new isolation and treatment centers as well as the acquisition of more medical equipment and illumination.
UV-C Light Decontaminates Healthcare Environments
Specialty lighting manufactures commercial-grade UV-C light products that kill 99.9% of bacteria and viruses present in the air and on surfaces in patient rooms with no contact decontamination. UV-C light can reach locations that are difficult to clean with wipes or chemicals, such as keyboards, monitors, and mobile workstations.
Global Specialty Lighting Market Segmentation:
Based on the light type, in 2019, the LED lighting segment has a market share of over 64.13 %. Because LED lights have a longer life, produce less heat, and are less expensive than incandescent and halogen bulbs, their introduction has accelerated market growth. Because of its benefit in designing lightweight fixtures, LED is becoming more popular in specialty lighting. Another important element driving the use of LED specialty lights is their long shelf life. When utilized for a lengthy period, halogen and incandescent lights are prone to breaking and fusing, however, LED lights do not break due to their smaller glass frame installed inside the fixture.
Global Specialty Lighting Market
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Based on the application, the specialty lighting market is segmented into entertainment, medical, purification, and others. In 2019, the entertainment segment held a significant market share of nearly XX%. It is expected to keep its dominance throughout the forecast timeline since this business is fully reliant on many types of cinematography and photography lighting to achieve the necessary effects, such as fill lighting, backlighting, practical light, harsh & soft lighting, bounce lighting, and ambient light.
The film industry, such as Hollywood and Bollywood, plays a significant role in segment development. Furthermore, the film business sponsors several award presentations and events that require specialist lighting, significantly boosting the industry’s growth.
Global Specialty Lighting Market 1
Global Specialty Lighting Market Regional Insights:
Global Specialty Lighting Market 2
North America led the market in 2019, with a share of over XX %, and is likely to continue to do so throughout the forecast period. The presence of significant lighting enterprises supplying services for water treatment, medical, seaports, and aquariums is credited with the growth. Furthermore, the region’s fast-developing end-use sectors, such as entertainment, are causing concern.
Due to climate change, new developments such as horticulture lighting for agriculture are being implemented. In addition, the growth of the specialty lighting industry has been aided by a surge in indoor and vertical arming, which effectively necessitates the use of LED lighting solutions.
Other Trending Factors:
With the growing need for general lighting in the region, the specialty lighting market in North America is expected to grow quickly. The region’s automobile industry is crucial to the region’s development. The United States’ strong dollar policy has made it the worldwide market’s growth driver for LED lighting demand, and global products are becoming more affordable. The American market is expected to be affected by this trend. The market for LED lighting is currently being recently upgraded by major American lighting firms.
The objective of the report is to present a comprehensive analysis of the Global Specialty Lighting Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Specialty Lighting Market dynamics, structure by analyzing the market segments and project the global Specialty Lighting market size. Clear representation of competitive analysis of key players By Light Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Specialty Lighting Market make the report investor’s guide.
• ASL short arc lights comprise a diverse range of cinema mercury-xenon and xenon short-arc lamps with wattages ranging from 150W to 10000W, and they are growing exponentially their product line to satisfy customer demands. Precision optical products for the entertainment, industrial, and scientific markets are designed and manufactured by Advanced Specialty Lighting (ASL). Cinema projection, stage, and studio entertainment lighting are all typical applications. ASL is presently working with OEMs on the design and production of specialized lights for sterilizing rooms and surfaces. It is extremely effective against viruses like COVID-19 and a variety of dangerous germs since it uses intense UV-C radiation.
• In January 2019, the production launch of SLD Laser’s LaserLightTM products for automotive and specialized lighting applications had announced. SLD Laser is a world leader in the commercialization of visible laser light sources.
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Global Specialty Lighting Market 3
Global Specialty Lighting Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Global Specialty Lighting Market Key Players
• Advanced Specialty Lighting
• Brandon Medical
• CREE (IDEAL INDUSTRIES, INC.)
• Getinge AB
• Herbert Waldmann
• Integra Lifesciences
• OSRAM GmbH
• Signify Holding
• Steris PLC
• Xylem, Inc.
• Halma PLC
• Advanced UV Light GmbH (JW Holding GmbH)
• Atlantic Ultraviolet Corporation.
• Other Key Players
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