Showing posts with label led lighting. Show all posts
Showing posts with label led lighting. Show all posts

Tuesday, 3 September 2019

What type of light source is the most opportunistic for light manufacturers in the specialty lighting market?

The report "Specialty Lighting Market by light source (LED, Halogen Lamps, Xenon Bulbs, Incandescent Lamps), application (Entertainment, Medical, UV Lamps), and Region (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2024", is expected to reach USD 7.2 billion by 2024 from USD 5.4 billion in 2019, at a CAGR of 5.9% from 2019 to 2024. The main drivers for the market’s growth are the increasing number of live music events and concerts; stringent government regulations for air, water, and surface disinfection; rising penetration and adoption of surgical lighting for slight and major surgical procedures; and declining cost and increasing penetration of LEDs. Underlying opportunities for the specialty lighting market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications.
Based on application, entertainment to hold largest market share of specialty lighting market during forecast period
Entertainment lighting primes the specialty lighting market. Entertainment lighting includes lamps which maintain the focus of the audience and provide proper intensity, color distribution, and direction to the performers. Entertainment lighting has various applications, including stage, studio, and others. Stage lighting leads the entertainment lighting segment, followed by studio and others, and this trend is projected to remain the same during the forecast period. Due to the increasing number of musical events, the demand for specialty lighting for entertainment is likely to increase in the coming years.
Surgical lighting likely to be largest shareholder of medical lighting application of specialty lighting in coming years
Surgical lights are used to assist the surgeons and other healthcare professionals during major as well as minor surgical procedures. The manufacturers of surgical lights manufacture these lights based on various specifications, such as brightness, color rendering index (CRI), homogeneity, correlated color temperature (CCT), shadow dilution, etc. Surgical lights are used in surgical suites, endoscopy procedures, dental procedures, and other minor surgeries. With the increasing demand for a unique balance of luminance of light and shadow management, the demand for shadowless surgical lights is expected to increase, and subsequently drive the market for surgical lighting in the coming years.
Asia Pacific specialty lighting market expected to grow at highest CAGR during forecast period
Signify Holding (Signify, Netherlands), OSRAM Licht AG (OSRAM, Germany), Cree, Inc. (CREE, US), Ushio, Inc. (USHIO, Japan), Advanced Specialty Lighting, Inc. (Advanced Specialty Lighting, US), Getinge AB (Getinge, Sweden), Herbert Waldmann GmbH & Co. KG (Waldmann, Germany), Brandon Medical Co Ltd (Brandon Medical, England), Integra LifeSciences Corporation (Integra LifeSciences, US), and Steris PLC (Steris, US) are a few major players in the specialty lighting market.
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Friday, 30 August 2019

Signify (Netherlands) and OSRAM (Germany) are Leading Players in the Specialty Lighting Market

The specialty lighting market is projected to reach USD 7.2 billion by 2024 from USD 5.4 billion in 2019, at a CAGR of 5.9% from 2019 to 2024. The major drivers for the market’s growth are the increasing number of live music events and concerts; stringent government regulations for air, water, and surface disinfection; growing penetration and adoption of surgical lighting for minor and major surgical procedures; and decreasing cost and increasing penetration of LEDs. Underlying opportunities for the specialty lighting market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications. Major restraints for the market are the perception of higher cost of installation and limited awareness about payback periods. Misconceptions regarding UV purification systems pose a major challenge to the specialty lighting market.
Signify Holding (Signify, Netherlands), OSRAM Licht AG (OSRAM, Germany), Cree, Inc. (CREE, US), Ushio, Inc. (USHIO, Japan), Advanced Specialty Lighting, Inc. (Advanced Specialty Lighting, US), Getinge AB (Getinge, Sweden), Herbert Waldmann GmbH & Co. KG (Waldmann, Germany), Brandon Medical Co Ltd (Brandon Medical, England), Integra LifeSciences Corporation (Integra LifeSciences, US), and Steris PLC (Steris, US) are a few major players in the specialty lighting market.

Top 2 Players in Specialty Lighting Market:
Signify (Netherlands)
Signify Holding is headquartered at Eindhoven, Netherlands. It is the global market leader with recognized expertise in the development, manufacture, and sale of innovative, energy-efficient lighting products, systems, and services. Signify Holding is the new name of Philips Lighting. It is a well-recognized brand in the lighting business. Innovation in LED products is one of the six key strategic priorities of the company. The company offers a diversified product portfolio for specialty lighting. Through this portfolio, it caters to all the applications of specialty lighting, including entertainment lighting, medical lighting, and UV purification. In 2018, the company introduced the Philips 25R Platinum lamp for entertainment, which is the brightest lamp in its class. The company has an extensive geographical presence, which, combined with proximity to clients, allows it to deliver a product portfolio that addresses the local market needs.
OSRAM (Germany)
OSRAM, founded in 1919, has its headquarters in Munich, Germany. The company operates through Specialty Lighting, Opto Semiconductors, and Lighting Solutions & Systems segments. It offers lighting solutions and specialty products featuring energy-saving technologies. As a part of its business strategy, OSRAM has increased its focus on the specialty lighting market. By adopting the strategy of reorganizing business segments and eliminating underperforming businesses, the company seeks to target business-to-business (B2B) and semiconductor markets, where there is a scope to earn higher profit margins. To increase its presence in the entertainment lighting segment, the company continuously participates in events and shows. For instance, in 2019, the company was the lighting partner of the 2019 Eurovision Song Contest; in 2018, it was lighting partner for the Giudizio Universale multimedia show in Rome.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
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Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Monday, 19 August 2019

LED light engine market for indoor lighting application to grow at high CAGR during forecast period

The LED light engine market, in terms of value, is expected to be valued at USD 30.0 billion in 2019 and is further anticipated to reach USD 59.5 billion by 2024, growing at a CAGR of 14.7% during the forecast period. The lighting industry has entered a dynamic period of growth and potential. Lighting technologies have been used to supplement and complement natural light in various applications. LED lighting is an emerging technology, which is more energy efficient than other technologies, more environmentally friendly, has longer operational life, and gives better light output. This technology is expected to be the future of global lighting. The LED light engine market is driven by the increasing consumer demand for energy-efficient lighting systems and high penetration of LED lights in the general lighting market.


The introduction of wireless technologies has boosted the market for retrofit lighting systems, thereby leading to the growth of the LED light engine market. The wireless technologies have not only reduced the usage of wires but also helped to avoid reconstruction of the existing buildings and fixtures, thereby creating flexibility for the end users. With most of the expansions and infrastructural modernization programs initiated in emerging Asian countries, LED lighting manufacturers are focusing on Asia as it is expected to provide potential market. Countries, such as India and China are emerging markets for LED lighting as there is more scope of expansion in these countries than the matured countries, namely, the US, Germany, and the UK.

Additionally, government initiatives are also playing a key role in driving the LED light engine market in these economies. For instance, governments of various countries have initiated several plans, such as the development of smart cities and intelligent traffic lighting system, which are expected to boost the LED light engine market in the region. It is therefore analyzed that the growing market for residential end users and the economy modernization initiatives in the Asian region are the key revenue pockets for LED light engine companies.

The LED light engine market for indoor lighting application is expected to grow at the highest CAGR from 2019 to 2024. The development of modern smart homes across the globe is creating opportunities for LED light engine manufacturers in the market. It was found that energy management is the key factor that is driving the market for LED light engines in residential applications. The US Department of Energy (DOE) and the European Union have initiated awareness campaigns to ensure energy saving in their respective countries to increase the adoption of LED lighting technologies, which in turn is fueling the demand for LED light engines.

“APAC to hold largest share in overall market for LED light engines during forecast period”

In 2018, the LED light engine market was dominated by key players, such as Signify Lighting NV (Netherlands), OSRAM Licht AG (Germany), GE lighting (US), Cree, Inc. (US), Hubbell Inc. (US), Zumtobel Group AG (Austria), Wipro Enterprises (P) Ltd. (India), Samsung Electronics (South Korea), LG Innotek (South Korea), Legrand SA (France), Glamox AS (Norway), Lutron Electronics Co., Inc. (US), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Tuesday, 13 August 2019

Insight on Specialty Lighting Market - Global Forecast to 2024

The specialty lighting market is projected to reach USD 7.2 billion by 2024 from USD 5.4 billion in 2019, at a CAGR of 5.9% from 2019 to 2024. The major drivers for the market’s growth are the increasing number of live music events and concerts; stringent government regulations for air, water, and surface disinfection; growing penetration and adoption of surgical lighting for minor and major surgical procedures; and decreasing cost and increasing penetration of LEDs. Underlying opportunities for the specialty lighting market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications. Major restraints for the market are the perception of high cost of installation and limited awareness about payback periods. Misconceptions regarding UV purification systems pose a major challenge for the specialty lighting market.

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LEDs are widely used in specialty lighting systems, as they are energy efficient. LEDs are semiconductors that convert electricity to light through the movement of electrons. They have evolved as a major lighting technology, as they are more environmentally beneficial than high-intensity discharge (HID)/halogen lights in terms of power consumption, reliability, and durability. In the entertainment application, LED light sources enhance the quality of light, heat dissipation, and light distribution, which increases their use in special lighting applications. LEDs save energy and require less maintenance. Companies such as Signify, OSRAM, Cree, and Ushio America offer LED specialty lighting. The LED segment is leading the specialty lighting market, and this trend is expected to continue during the forecast period as well.

The specialty lighting market for UV lamps is expected to grow at the highest CAGR during the forecast period. UV lamps are used in UV disinfection equipment for killing germs during air disinfection, water disinfection, and surface disinfection. The types of glass used to manufacture UV lamps are soft glass and hard quartz glass. Soft glass is generally cheaper than hard quartz glass. However, due to its hardness, quartz glass is less likely to break. UV lamps are broadly categorized into two types: mercury-based lamps and LED-based lamps. Mercury-based UV lamps have been traditionally used since the 1990s and hold a larger share of the UV lamps market.

In entertainment application, stage lighting is expected to grow at the highest CAGR during the forecast period. The increasing number of live performances and growing music industry are expected to positively impact the growth of the stage lighting market. In addition, increasing use of stage lighting for concerts, plays, operas, dance performances, and other events is also expected to drive the growth of the stage lighting market. The intensity, color, type, and distribution of light play an important role in creating the effect required to complement the mood of the performance of artists on stage. This is expected to increase the adoption of stage lighting fixtures, which, in turn, is expected to boost the growth of the stage lighting market.

The specialty lighting market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. It is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The increasing demand for UV disinfection equipment among residential, commercial, municipal, and industrial end users is the key driving factor for the high growth of UV disinfection equipment market, which subsequently fuels the growth of the UV lamps market. The expansion of airport infrastructure and the need to control the maintenance cost of lighting systems fuel the growth of the airport lighting market in the region. Countries such as China, Japan, South Korea, India, Taiwan, Australia, and Singapore are expected to be the major contributors to the Asia Pacific specialty lighting market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441 

Friday, 6 October 2017

The LED lights segment is projected to lead the airport lighting market during the forecast period

The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.


The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights.

Asia Pacific: The fastest-growing market for airport lighting

The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.

Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market

The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

About MarketsandMarkets
 
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Markets and Markets
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Friday, 4 August 2017

Airport Lighting Market is Booming Worldwide

The report "Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography - Global Forecast to 2021", The airport lighting market is projected to reach USD 672.2 Million by 2021, at a CAGR of 7.2% from 2016 to 2021. A number of factors, such as rise in air traffic and increasing focus towards enhancing energy savings are expected to drive the growth of the airport lighting market.

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Objectives of the Report
  • To define, describe, and forecast the airport lighting market on the basis of type, position, technology, and geography
  • To analyze the degree of competition in the market by identifying various parameters, including key market players
  • To identify and analyze the key drivers, restraints, opportunities, and challenges, influencing the airport lighting market
  • To analyze the demand side and supply side indicators and provide a factor analysis for the airport lighting market
  • To forecast the market size of segments with respect to various regions, which include North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW)
  • To identify and illustrate political, economic, social, and technological factors influencing the airport lighting  market
  • To strategically profile key market players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as contracts, joint ventures, mergers & acquisitions, and new product developments in the airport lighting market
The LED lights segment is projected to lead the airport lighting market during the forecast period.

The LED lights segment dominates the airport lighting market, and is expected to continue its dominance over the next five years, primarily driven by the need for energy conservation at airports and reduction in maintenance costs. It has been proven that the LED lights save up to 40% energy compared to that of non-LED lights.

The in-pavement/inset lights segment is expected to grow at the highest CAGR during the forecast period.

The airport lighting market has been segmented and analyzed in terms of three positions of lighting, which include in-pavement/inset lights, elevated lights, and precision approach path indicator (PAPI). The in-pavement/inset lights segment is projected to grow at the highest CAGR from 2016 to 2021. This growth is mainly attributed to the increased spending by aviation authorities towards adopting a more simple technology and hassle-free maintenance lighting systems.

Asia Pacific: The fastest-growing market for airport lighting

The market for airport lighting has been estimated to be the largest in North America, due to increased focus towards reducing energy consumption and the need to cut down maintenance costs for lights. The airport lighting market in the Asia-Pacific region is expected to grow at the highest CAGR, due to various initiatives related to airport infrastructure expansions. This growth can also be attributed to the increase in government spending for infrastructure development, growing GDP of the region, and rise in air traffic.

Honeywell International, Inc. (U.S.): One of the key players in the airport lighting market

The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.


About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Friday, 28 July 2017

Airport Lighting Expected to Be the Largest Market by 2021

The airport lighting market is projected to grow from USD 454.5 Million in 2015 to USD 672.2 Million by 2021, at a CAGR of 7.2% during the forecast period. Factors such as the expansion of airport infrastructure and rising focus on controlling maintenance costs are expected to contribute to the growth of this market. In this market research report, 2015 is considered to be the base year, and 2016 to 2021 is considered as the forecast period.

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The major players in this market have been identified to be Hella KGaA Hueck & Co., Honeywell International, Inc., Carmanah Technologies Corp., and ABB. Honeywell International, Inc. is one of the top companies profiled in the global airport lighting market. The company has a strong distribution network, along with a robust product portfolio and wide customer base.

Objectives of the Report
  • To define, describe, and forecast the airport lighting market on the basis of type, position, technology, and geography
  • To analyze the degree of competition in the market by identifying various parameters, including key market players
  • To identify and analyze the key drivers, restraints, opportunities, and challenges, influencing the airport lighting market
  • To analyze the demand side and supply side indicators and provide a factor analysis for the airport lighting market
  • To forecast the market size of segments with respect to various regions, which include North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW)
  • To identify and illustrate political, economic, social, and technological factors influencing the airport lighting  market
  • To strategically profile key market players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as contracts, joint ventures, mergers & acquisitions, and new product developments in the airport lighting market
Target Audience for this Report
  • Airport Lighting Manufacturers
  • Original Equipment Manufacturers
  • Sub-component Manufacturers
  • Technology Support Providers
“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.
Scope of the Report:
Airport Lighting Market, By Type
  • Runway Lighting Systems
  • Taxiway Lighting Systems
  • Apron Lighting Systems
Airport Lighting Market, By Position
  • In-Pavement/Inset Lights
  • Elevated Lights
  • Precision Approach Path Indicator
Airport Lighting Market, By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • Rest of the World
Available Customizations
  • Along with the market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:
  • Geographic Analysis
  • Further breakdown of the RoW airport lighting market
  • Company Information
  • Detailed analysis and profiling of additional market players (up to five)
About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com