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Global Specialty Lighting Market is valued approximately at USD 5.67 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7% over the forecast period 2021-2027. Increasing demand from health sector, more lifespan of LED lights as compared to traditional lights and increasing investment in the sector in form of merger and acquisitions and others are fueling the market demand. For instance, in 2018, Philips Lighting acquired Shenzhen LiteMagic Technologies Co., Ltd. The acquisition broadened Philips’ portfolio of facade lighting with a complementary portfolio of control systems and luminaires which helped the company in increasing its customer base. Furthermore, due to growing number of music events the market is expected to grow in the future. However, high initial deployment and maintenance cost of specialty lighting is anticipated to hamper the market growth.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the regions taken into consideration in regional analysis of the global Specialty Lighting Market. North America is the significant region across the world in terms of market share due to growing population in music festivals and increasing urbanization. Whereas Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due rising usage of specialty lighting across multiple industries.
Major market player included in this report are:
Advanced Specialty Lighting
Brandon Medical
Cree (Ideal Industries Inc.)
Getinge AB
Herbert Waldmann
Integra Lifesciences
Osram GmbH
Signify Holding
Steris Plc
Ushio, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Light:
LED
Others
ByApplication:
Entertainment
Medical
Purification
Others
By Medical Type:
Surgical Lighting
Examination Lighting
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Specialty Lighting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Specialty Lighting Market , by Region, 2019-2027 (USD Billion)
1.2.2. Specialty Lighting Market , by Light, 2019-2027 (USD Billion)
1.2.3. Specialty Lighting Market , by Medical Type , 2019-2027 (USD Billion)
1.2.4. Specialty Lighting Market , by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Specialty Lighting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Specialty Lighting Market Dynamics
3.1. Specialty Lighting Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing demand from health industry
3.1.1.2. Rising investment from private players
3.1.2. Market Restraint
3.1.2.1. High initial deployment and maintenance cost
3.1.3. Market Opportunities
3.1.3.1. Rising number of music festivals.
Chapter 4. Global Specialty Lighting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Specialty Lighting Market, by Light
5.1. Market Snapshot
5.2. Global Specialty Lighting Market by Light, Performance – Potential Analysis
5.3. Global Specialty Lighting Market Estimates & Forecasts by Light 2018-2027 (USD Billion)
5.4. Specialty Lighting Market , Sub Segment Analysis
5.4.1. LED
5.4.2. Others
Chapter 6. Global Specialty Lighting Market, by Application
a. Market Snapshot
6.1. Global Specialty Lighting Market by Medical Type, Performance – Potential Analysis
6.2. Global Specialty Lighting Market Estimates & Forecasts by Medical Type 2018-2027 (USD Billion)
6.3. Specialty Lighting Market , Sub Segment Analysis
6.3.1. Entertainment
6.3.2. Medical
6.3.3. Purification
6.3.4. Others
Chapter 7. Global Specialty Lighting Market, by Medical Type
b. Market Snapshot
7.1. Global Specialty Lighting Market by Application, Performance – Potential Analysis
7.2. Global Specialty Lighting Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.3. Specialty Lighting Market , Sub Segment Analysis
7.3.1. Surgical Lighting
7.3.2. Examination Lighting
Chapter 8. Global Specialty Lighting Market, Regional Analysis
8.1. Specialty Lighting Market , Regional Market Snapshot
8.2. North America Specialty Lighting Market
8.2.1. U.S. Specialty Lighting Market
8.2.1.1. Light breakdown estimates & forecasts, 2018-2027
8.2.1.2. Medical Type breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Specialty Lighting Market
8.3. Europe Specialty Lighting Market Snapshot
8.3.1. U.K. Specialty Lighting Market
8.3.2. Germany Specialty Lighting Market
8.3.3. France Specialty Lighting Market
8.3.4. Spain Specialty Lighting Market
8.3.5. Italy Specialty Lighting Market
8.3.6. Rest of Europe Specialty Lighting Market
8.4. Asia-Pacific Specialty Lighting Market Snapshot
8.4.1. China Specialty Lighting Market
8.4.2. India Specialty Lighting Market
8.4.3. Japan Specialty Lighting Market
8.4.4. Australia Specialty Lighting Market
8.4.5. South Korea Specialty Lighting Market
8.4.6. Rest of Asia Pacific Specialty Lighting Market
8.5. Latin America Specialty Lighting Market Snapshot
8.5.1. Brazil Specialty Lighting Market
8.5.2. Mexico Specialty Lighting Market
8.6. Rest of The World Specialty Lighting Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Advanced Specialty Lighting
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Brandon Medical
9.2.3. Cree (Ideai Industries Inc.)
9.2.4. Getinge AB
9.2.5. Herbert Waldmann
9.2.6. Integra Lifesciences
9.2.7. Osram GmbH
9.2.8. Signify Holding
9.2.9. Steris Plc
9.2.10. Ushio, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
Primary Research Sources:
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