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Moreover, the growing adoption of lighting solutions for improved illumination and surgical procedures in the healthcare sector is further boosting the growth of the specialty lighting market.
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Specialty Lighting Market Specialty Lighting Market By light source (LED and Others), (Entertainment, Medical, and UV Lamps), and By Region – Global Opportunities & Forecast, 2020-2027 By Application GMI Research GMI Research See the Future Insights 1
The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers. For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/specialty-lighting-market/ The Speciality Lighting Market drivers and trends are as follows: The rising number of sports competitions, live events, and music concerts worldwide, coupled with the rapidly increasing entertainment industry, are certain drivers surging the demand for specialty lighting solutions. Moreover, the growing adoption of lighting solutions for improved illumination and surgical procedures in the healthcare sector is further boosting the growth of the specialty lighting market. Strict government regulations for water, air, and surface disinfection, followed by the increasing adoption of UV lights for water purification, are also leading to an upsurge in demand for specialty lightings. Rapid technological advancements that include smart lighting solutions, IoT, and WiFi controlled lighting are also anticipated to fuel the market growth. The smart lights connected via an app are largely used across auditorium, clubs, events, smart homes, hotels, which are projected to energize the market growth in the upcoming years. On the other hand, higher installation costs and lack of awareness about payback periods of specialty lights will hamper the growth of the market in the upcoming years. Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period owing to the strong demand for specialty lights from the entertainment industry for stage lightings, studio lightings, concert focus lightings, and other applications. The rising number of hospitals in developing economies, including India, Japan, China, and South Korea, is also projected to increase the demand for specialty lights in the upcoming years. Furthermore, the growth in per capita 2
disposable incomes, rapid urbanization, and the rising number of industries, including automotive, electronics, entertainment, hospitality, are further propelling the growth of the specialty lightings market. Key Benefits of the Report: •This report offers an analytical depiction of the speciality lighting market while providing the current trends and future estimations to determine the imminent investment pockets. •This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the speciality lighting market share. •The report also provides a detailed speciality lighting market analysis based on competitive intensity and how the competition will take shape over the next six years. Various companies covered in the Speciality Lighting Market report: •Signify Holding •OSRAM Licht AG •Cree, Inc. •Ushio, Inc. •Advanced Specialty Lighting, Inc. •Getinge AB •Herbert Waldmann GmbH & Co. KG •Brandon Medical Co Ltd. •Integra LifeSciences Corporation •Specialty Lighting Industries, Inc. Segmentation of the Speciality Lighting Market: Breakup by Light Source: •LED (Light-Emitting Diode) •Others Breakup by Application: 3
•Entertainment o Stage lighting o Studio lighting o Others •Medical o Surgical lighting o Examination lighting •UV lamps o Air purification o Water purification o Surface purification •Others Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) 4
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