Global Specialty Lighting Market Overview:
Specialty Lighting create an ideal lighting and fixture combinations for applications. Specialty lighting include a different series of lighting and power distribution solutions for cabinets, displays, furniture and more. Specialty Lighting’s comprehensive selection of domestic and international solutions can be found in commercial, healthcare, hospitality, institutional, residential and retail environments. Specialty light bulbs are manufactured with a particular shape, base design, or special built-in features to perform a particular lighting task such as aquarium lighting, heat lamps, night lights, bug lights and others.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technology Advancement in Specialty Lighting and Growing Penetration of LEDs
Market Growth Drivers:
Increasing Number of Live Performances & Music Events and Rising Adoption of Surgical Lighting for Minor and Major Medical Procedures
Challenges:
Limited Awareness about Payback Periods
Restraints:
High Cost of Installation
Opportunities:
Increasing Demand for End-Use Industries and High Growth Prospects in New Applications
Competitive Landscape:
The Competitive landscape is global specialty light market is characteristics by intense completions of various players striving to gain significant market share.
Some of the key players profiled in the report are LEDVANCE LLC (Germany), Specialty Lighting Industries, Inc. (United States), Signify Holding (Netherlands), Phillips (Netherlands), OSRAM Licht AG (Germany), Ushio, Inc. (Japan), Getinge AB (Sweden), Herbert Waldmann GmbH & Co. KG (Germany), Integra LifeSciences Corporation (United States) and Steris PLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Brandon Medical Co Ltd (United Kingdom), Advanced Specialty Lighting, Inc. (United States), Cree, Inc. (United States), Eterna Lighting (United Kingdom) and National Specialty Lighting (United States). Analyst at AMA Research see German Vendors to retain maximum share of Global Specialty Lighting market by 2028.
Latest Market Insights:
June 29, 2023 — Legrand’s lighting control brand Vantage has strengthened its lighting fixture alliance with new member Specialty Lighting. The strategic partnership pairs Vantage’s industry-leading, customizable lighting controls with Specialty Lighting’s high-end architectural lighting solutions, including standard and custom downlights, accent lights, linear lights, and picture lighting. Together, they provide a complete and aesthetically pleasing lighting design and user experience for new residential and commercial construction, remodeling, or redecorating projects.
In October 19, 2023, Luminus Devices, a pioneer in advanced lighting technology, is thrilled to, announce the immediate availability of the SST-12, a groundbreaking high-power white LED featuring a patented, round emitter. This innovation sets a new standard in directional lighting by significantly enhancing the quality and, brightness of beam spots. Compared to square-shaped emitters, the SST-12's round emitter offers remarkable, advantages. Its compatibility with typically round-shaped optics results in superior brightness and color uniformity, within beam spots. Moreover, it provides a tighter beam angle and longer beam distance, making it an ideal choice and for a wide range of directional lighting applications.
What Can be Explored with the Specialty Lighting Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Specialty Lighting Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Specialty Lighting
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Specialty Lighting market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Specialty Lighting market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Specialty Lights, Suppliers of Specialty Lights, Wholesalers, Distributors and Retailers of Specialty Lights, Healthcare Industry and Entertainment Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.