LED lights to dominate the explosion-proof lighting market, by light source

 The report "Explosion-proof Lighting Market with COVID-19 impact analysis by Type (High Bay & Low Bay, Linear, Flood), Light Source (LED, Fluorescent), Safety Rating, Hazardous Location, End-user Industry, and Region – Global Forecast to 2026", is estimated to be USD 471 million by 2026 (forecast year) from USD 340 million in 2021 (estimated year), at a CAGR of 6.7% between 2021 to 2026. Factors attributing to the growth of the market include increasing investments in the oil & gas and chemical & pharmaceutical industries for infrastructure development and project expansion plans, growing focus of governments towards energy conservation, rapid transition from traditional light systems to connected lighting solutions, and surging adoption of LED based explosion-proof light fixtures owing to several advantages over conventional light sources.

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Globally, every process industry—such as oil & gas, chemical & pharmaceutical, mining, energy & power, and food & beverage—is required to follow safety measures formulated by the 1996 National Electrical Code, the European Committee for Electrotechnical Standardization (CENELEC), and the Increased Safety “Ex e,” along with various other certifications for products used in hazardous environments. These measures are followed by installing effective and efficient explosion-proof lighting products that maintain safety standards and allow smooth functioning of processes in the above-mentioned industries. This is a major factor contributing to the growth of the explosion-proof lighting market.

LED lights to dominate the explosion-proof lighting market, by light source

LEDs are the most energy-efficient lighting options and can be used to drastically reduce the overall operating cost in industrial facilities. They are 4–5x times cheaper as compared to fluorescent lamps while considering the total cost of ownership. Additionally, LEDs are not as sensitive to temperature as other lighting technologies and therefore can be easily operated in extreme hot and cold environments. Furthermore, the increasing number of industrial facilities is expected to influence the penetration of LEDs for explosion-proof lighting application.

Explosion-proof lighting market for chemical & pharmaceutical industry estimated to be the fastest growing segment, by end-user industry during the forecast period

The chemical & pharmaceutical industry in emerging economies such as India and China are growing rapidly and attracting high investments. For instance, according to an article published by Business Standard, the pharmaceutical industry in India attracted investments of approximately USD 1.7 billion in the year 2020 and is expected to grow faster in the years to come. Moreover, according to Invest India, the chemical & petrochemical industry in India is expected to grow to USD 300 Billion by 2025. All these factors are expected to strengthen the growth momentum of explosion-proof lighting in the chemical & pharmaceutical industry.

North America is projected to hold the largest share of explosion-proof lighting market in 2026

North America has emerged as the worlds most promising market for explosion-proof lighting. The region is witnessing increasing investments in the oil & gas industry, with a number of projects lined up during the forecast period. The Alaska LNG project in Alaska and the Corpus Christi LNG project in Texas are expected to have investments of approximately USD 45 billion and USD 24.5 billion, respectively. The Corpus Christi LNG project is expected to start its operations in 2022, and the Alaska LNG project in 2025. Oil & gas is the major end-user industry of explosion-proof lighting since any damage to assets due to explosion can lead to a high financial loss. This has triggered the installation of robust explosion-proof lighting across the region.

The report profiles key players, including Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, contracts, and acquisitions to strengthen their position in the market.

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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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

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Entertainment to hold largest market share of 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 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.

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Based on application, entertainment to hold largest market share of specialty lighting market during forecast period

Entertainment lighting leads 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 expected 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.

Asia Pacific specialty lighting market expected to grow at highest CAGR during forecast period

Asia Pacific is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The region represents the fastest-growing market worldwide during the forecast period. 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.

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.

Don’t miss out on business opportunities in Specialty Lighting Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

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Specialty Lighting Market by application (Entertainment, Medical, UV Lamps)- Global Forecast to 2024

 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 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.

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Based on application, entertainment to hold largest market share of specialty lighting market during forecast period

Entertainment lighting leads 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 expected 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.

North America to account for largest market size during forecast period

North America is popular for holding leading music festivals such as Lollapalooza, Bonnaroo, Bumbershoot, and Electric Zoo Festival. Growing participation in music festivals and increasing urbanization have driven the entertainment lighting market in the region. In 2017, the total number of hospitals in the US was 5564, which is expected to reach 6210 by the end of 2019. This is expected to increase the number of surgical procedures and examination procedures. These factors drive the market for specialty lighting in North America.

Key Market Players

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.

Asia Pacific specialty lighting market expected to grow at highest CAGR during forecast period

Asia Pacific is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The region represents the fastest-growing market worldwide during the forecast period. 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.

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.

Don’t miss out on business opportunities in Specialty Lighting Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

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LED Light Engine Market | retrofit installations to grow at highest rate during forecast period

 According to a new market research report "LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024", is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization of infrastructure, for example, smart cities; availability of low price LEDs; the entrance of LEDs as light sources in general lighting; and accelerating growth of LED technology over conventional lighting technology are key factors influencing the market growth of LED light engines.

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“Market for retrofit installations to grow at highest rate during forecast period”

In the LED light engine market, by installation type, retrofit installations are expected to experience the highest growth. Increasing replacement of incandescent lamps with energy-efficient light sources, such as LED lamps is the major factor contributing to the growth of the market for retrofit installations. The old generation lamps are being slowly phased out and fixtures are being retrofitted with LED lamps as they offer a longer operational life and also consume lesser energy.

“Residential indoor lighting applications to dominate LED light engine market in terms of value”

Increase in infrastructure-building activities, a large chunk of which is the residential sector, is the major factor contributing to the high growth of the residential indoor lighting end-use application. Economies with high per capita income are expected to implement energy-efficient lighting solutions in residential applications. Countries, such as China, the US, Canada, and European countries, including the UK and Germany, are expected to drive the residential indoor lighting market for LED light engines during the forecast period.

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

APAC is expected to be one of the fastest-growing markets for LED light engines during the forecast period. The high growth rate can be attributed to the undertaking of rapid infrastructure-building activities in the region. China and Japan are the major markets for LED light engines in APAC. China is already the largest producer and consumer of lighting fixtures and lamps in the world. Despite the recent slowdown in real estate, the market for LED lighting is expected to grow at a high rate mainly because of the increasing government expenditure on public infrastructure, and the continuing growth in commercial and industrial building constructions.

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.

Don’t miss out on business opportunities in LED Light Engine Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441

Luminaires to record highest CAGR in LED light engine market

According to a new market research report "LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024", is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization of infrastructure, for example, smart cities; availability of low price LEDs; the entrance of LEDs as light sources in general lighting; and accelerating growth of LED technology over conventional lighting technology are key factors influencing the market growth of LED light engines.

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“Luminaires to dominate LED light engine market (in terms of value) during forecast period”

The luminaires subsegment is expected to dominate the market for LED light engines as it is the main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED light engine market for luminaires. LED light engines come in various forms, such as linear, round, square and rectangular, depending upon the application. LED light engine is the core component of a luminaire.

“Indoor lighting to hold largest share of LED light engine market during forecast period”

In the LED light engine market, by end-use application, indoor lighting is expected to have a larger market share than outdoor lighting. The reason being increasing infrastructural activities across the globe, mainly focused on residential lighting. The market for residential buildings (major subsegment of indoor lighting) is expected to have a huge potential in the future. It is expected to witness a high growth rate. Countries across the globe are expected to implement energy-efficient lighting solutions in residential applications owing to government regulation for energy conservation.

“Luminaires to record highest CAGR in LED light engine market during forecast period”

The luminaire subsegment is expected to grow at the highest rate as it is the main component of an LED lighting system. Increasing consumer awareness about conserving energy and installing light systems with high energy efficiency is expected to boost the LED lighting market for luminaires.

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

APAC is expected to be one of the fastest-growing markets for LED light engines during the forecast period. The high growth rate can be attributed to the undertaking of rapid infrastructure-building activities in the region. China and Japan are the major markets for LED light engines in APAC. China is already the largest producer and consumer of lighting fixtures and lamps in the world. Despite the recent slowdown in real estate, the market for LED lighting is expected to grow at a high rate mainly because of the increasing government expenditure on public infrastructure, and the continuing growth in commercial and industrial building constructions.

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.

Don’t miss out on business opportunities in LED Light Engine Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

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Specialty Lighting Market | Which application of entertainment in the market is growing at the highest rate?

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 market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications.

Download PDF Brochure:-
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Surgical lighting expected 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

Asia Pacific is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The region represents the fastest-growing market worldwide during the forecast period. 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.

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.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Specialty Lighting Market | Which application of entertainment in the market is growing at the highest rate?

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 market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications.

Download PDF Brochure:-

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261604039

Surgical lighting expected 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

Asia Pacific is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The region represents the fastest-growing market worldwide during the forecast period. 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.

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.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Specialty Lighting Market | Which type of application of medical lighting is expected to penetrate significantly in the 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 market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications.

Download PDF Brochure:-

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LED light source for specialty lighting to grow at higher CAGR during forecast period

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.

Entertainment to hold largest share of specialty lighting market during forecast period

Entertainment lighting leads 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 expected to remain the same during the forecast period. Due to the increasing number of music events, the demand for specialty lighting for entertainment is likely to increase 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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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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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.

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Mr. Sanjay Gupta

MarketsandMarkets™ INC.

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Suite 430

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USA : 1-888-600-6441

The COVID-19 impact on 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 market include the increasing demand for ultrapure water from end-use industries and high growth prospects in new applications.

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Based on application, entertainment to hold largest market share of specialty lighting market during forecast period

Entertainment lighting leads 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 expected 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 expected 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

Asia Pacific is the fastest-developing region for most of the segments such as medical, UV lamps, and entertainment lighting. The region represents the fastest-growing market worldwide during the forecast period. 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.

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.

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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Surface Roughness Measurement Market | Know impact of Covid-19

The surface roughness measurement market (SRM) is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. Growing requirement for improving product quality and manufacturing process to drive the SRM market during the forecast period .The geometric and material properties of the surfaces significantly affect friction, wear, fatigue, corrosion, electrical conductivity, and thermal conductivity of the materials. Moreover, machined components have tight tolerance levels; hence, there is a need to keep the surface roughness within the controllable limits. Thus, surface finish measurement and inspection is essential and helps control the manufacturing processes to ensure that the surface will function as desired.

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Contact Technique to hold the largest market size by 2019

The contact technique held the largest share of the SRM market in 2019. The growth of the market for contact technique can be attributed to the increase in adoption contact type probes for quality control application in automotive and aerospace & defense industries. Also, the contact technique provided optimum level of accuracy in terms of measurement of specific characteristics of component surface and in quality control application than non-contact technique.

The market for software to grow at the highest CAGR during the forecast period

Software, along with hardware, is used to extract the pattern from the captured image of the examining surface, match it with the predefined requirement, and make the decision to approve or disapprove the component. Software tools are combined with the hardware to automatically perform location analysis, flaw detection, abnormalities in surface finish and symbol recognition, among others. Each manufacturer provides its own software solution, along with machines for data computation. Software accounted for a share of the SRM market, by component, in 2019.

North America to hold a major share of the surface roughness measurement market in 2019

North America is expected to dominate the SRM market during the forecast period. Funding for research and development, and extensive industrial base are the major factors that make North America a dynamic region for SRM market, with US being the major contributor. North America is home to companies such as Mahr Inc. (US), Starrett (US), Perceptron (US), and AMETEK (US).

The major value to SRMMs is added by component suppliers and OEMs. CARL Zeiss (Carl Zeiss AG (Germany)), Taylor Hobson (UK), Mahr (Germany), Tokyo Seimitsu Co., Ltd. (Tokyo Seimitsu (Japan)), Hexagon AB (Hexagon (Sweden)), Faro Technologies (Faro (US)), Nikon Corporation (Nikon (Japan)), KEYENCE Corporation (Keyence (Japan)), Mitutoyo Corporation (Mitutoyo (Japan)), EXTECH(US), Wenzel (Germany), Starrett (US), JENOPTIK AG(Germany), The Sempre Group (UK), Alicona Imaging GmbH (Austria), Kosaka laboratory Ltd (Japan), KRÜSS GmbH(Germany), Zygo Corporation (US), Horiba Ltd. (Japan) and Fowler (US) are some of the major companies dominating the SRM 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.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441