MarketersMEDIA / Newsroom / Global Specialty Lighting Market is expected to reach $9.92 billion by 2027 growing at a CAGR of 7.9% during 2018 to 2027.

Global Specialty Lighting Market is expected to reach $9.92 billion by 2027 growing at a CAGR of 7.9% during 2018 to 2027.

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Some of the key players in this market include OSRAM, Signify Holding (Formerly Philips Lighting), Getinge AB, CREE, Steris PLC, Advanced Specialty Lighting, Advanced UV, Herbert Waldmann, USHIO, Integra Life sciences, Xylem, Halma, Atlantic Ultraviolet, American Ultraviolet, and Brandon Medical.

— Some of the key factors such as strict government regulations for air, water, and surface disinfection and decreasing cost of LEDs are the major factors driving the market growth. However, higher cost of installation and limited awareness related to payback periods may hinder the market growth.

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Speciality lighting is utilized for an edge beyond standard lighting. It includes a range of items for downlighting, task lighting, straight lighting, accent lighting, power distribution, and under cabinet lighting. These products are made with specific design and functional considerations. They are manufactured with specifications, for example, Tubular lights for aquarium lighting, heat lamps, and night lights are few areas where these bulbs are utilized.

By application, surgical lights segment is going to have a lucrative growth during the forecast period as they are utilized to help the surgeons, healthcare specialists and other medicinal services during major and even minor surgeries.

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By geography, North America is going to have a lucrative growth during the forecast period. Growing participation in music celebrations and expanding urbanization and increase in the number of surgical procedures are driving the market growth in the region.

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Channels Covered:
• Distributor
• Direct Sales

Light Sources Covered:
• Light-Emitting Diode (LED)
• Other Light Sources

Applications Covered:
• Traffic
• Workshop
• Mining
• Medical Lighting
• Ultraviolet [UV] Lamps
• Entertainment Lighting
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
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Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-specialty-lighting-market-is-expected-to-reach-992-billion-by-2027-growing-at-a-cagr-of-79-during-2018-to-2027/88925745

Source: MarketersMedia

Release ID: 88925745

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