Specialty Lighting Market size is projected to reach US$ 10.42 Bn. by end of 2029, at a CAGR of 5.56%. 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 Market:
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.To know about the Research Methodology :- Request Free Sample Report
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.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.Specialty Lighting Market Segmentation:
Based on the light type, in 2022, 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. Based on the application, the specialty lighting market is segmented into entertainment, medical, purification, and others. In 2022, 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.Specialty Lighting Market Regional Insights:
North America led the market in 2022, 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.Recent Development:
• 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 2022, 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.Specialty Lighting Market Scope: Inquire before buying
Specialty Lighting Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US$ 7.14 Bn. Forecast Period 2023 to 2029 CAGR: 5.56% Market Size in 2029: US$ 10.42 Bn. Segments Covered: by Light Type • LED • Others by Application • Entertainment • Medical • Purification • Others by Medical Type • Surgical • Examination Specialty Lighting Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Specialty Lighting Market Key Players are:
• Advanced Specialty Lighting • Brandon Medical • CREE (IDEAL INDUSTRIES, INC.) • Getinge AB • Herbert Waldmann • Integra Lifesciences • OSRAM GmbH • Signify Holding • Steris PLC • USHIO • AtlantaLightBulbs • Xylem, Inc. • Halma PLC • Advanced UV Light GmbH (JW Holding GmbH) • Atlantic Ultraviolet Corporation. • Other Key Players Frequently Asked Questions: 1. Which region has the largest share in Global Specialty Lighting Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Specialty Lighting Market? Ans: The Global Specialty Lighting Market is growing at a CAGR of 5.56% during forecasting period 2023-2029. 3. What segments are covered in Global Specialty Lighting market? Ans: Global Specialty Lighting Market is segmented into Light Type, Application and Region. 4. Who are the key players in Global Specialty Lighting market? Ans: The important key players in the Global Specialty Lighting Market are Advanced Specialty Lighting, Brandon Medical, CREE (IDEAL INDUSTRIES, INC.), Getinge AB, Herbert Waldmann, Integra Lifesciences, OSRAM GmbH 5. What is the study period of this market? Ans: The Global Specialty Lighting Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Specialty Lighting Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Specialty Lighting Market 3.4. Geographical Snapshot of the Specialty Lighting Market, By Manufacturer share 4. Global Specialty Lighting Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Specialty Lighting Market 5. Supply Side and Demand Side Indicators 6. Global Specialty Lighting Market Analysis and Forecast, 2022-2029 6.1. Global Specialty Lighting Market Size & Y-o-Y Growth Analysis. 7. Global Specialty Lighting Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 7.1.1. LED 7.1.2. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Entertainment 7.2.2. Medical 7.2.3. Purification 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 7.3.1. Surgical 7.3.2. Examination 8. Global Specialty Lighting Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Specialty Lighting Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 9.1.1. LED 9.1.2. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Entertainment 9.2.2. Medical 9.2.3. Purification 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 9.3.1. Surgical 9.3.2. Examination 10. North America Specialty Lighting Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Specialty Lighting Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 12. Canada Specialty Lighting Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 13. Mexico Specialty Lighting Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 14. Europe Specialty Lighting Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 15. Europe Specialty Lighting Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Specialty Lighting Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 17. France Specialty Lighting Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 18. Germany Specialty Lighting Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 19. Italy Specialty Lighting Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 20. Spain Specialty Lighting Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 21. Sweden Specialty Lighting Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 22. CIS Countries Specialty Lighting Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 23. Rest of Europe Specialty Lighting Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 24. Asia Pacific Specialty Lighting Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 25. Asia Pacific Specialty Lighting Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Specialty Lighting Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 27. India Specialty Lighting Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 28. Japan Specialty Lighting Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 29. South Korea Specialty Lighting Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 30. Australia Specialty Lighting Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 31. ASEAN Specialty Lighting Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 32. Rest of Asia Pacific Specialty Lighting Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 33. Middle East Africa Specialty Lighting Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 34. Middle East Africa Specialty Lighting Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Specialty Lighting Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 36. GCC Countries Specialty Lighting Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 37. Egypt Specialty Lighting Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 38. Nigeria Specialty Lighting Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 39. Rest of ME&A Specialty Lighting Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 40. South America Specialty Lighting Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 41. South America Specialty Lighting Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Specialty Lighting Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 43. Argentina Specialty Lighting Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 44. Rest of South America Specialty Lighting Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Light Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Medical Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Specialty Lighting Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. USHIO 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Advanced Specialty Lighting 45.3.3. Brandon Medical 45.3.4. CREE (IDEAL INDUSTRIES, INC.) 45.3.5. Getinge AB 45.3.6. Herbert Waldmann 45.3.7. Integra Lifesciences 45.3.8. OSRAM GmbH 45.3.9. Signify Holding 45.3.10. Steris PLC 45.3.11. 45.3.12. AtlantaLightBulbs 45.3.13. Xylem, Inc. 45.3.14. Halma PLC 45.3.15. Advanced UV Light GmbH (JW Holding GmbH) 45.3.16. Atlantic Ultraviolet Corporation. 45.3.17. Other Key Players 46. Primary Key Insights