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Global Specialty Lighting Market to Reach $8.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Specialty Lighting estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027. LED, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$5.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Light Sources segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 9.2% CAGR
The Specialty Lighting market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 37 Featured):
Amid the COVID-19 crisis, the global market for Specialty Lighting estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2027, growing at a CAGR of 5.6% over the period 2020-2027. LED, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$5.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Light Sources segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 9.2% CAGR
The Specialty Lighting market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 37 Featured):
- Advanced Specialty Lighting
- Advanced Stage Lights
- Advanced UV
- Altman Lighting
- American Ultraviolet
- Atlantic Ultraviolet
- Brandon Medical
- Chauvet & Sons
- Color Imagination LED Lighting
- CREE
- Crystal IS
- Daray Medical
- Getinge AB
- Guangzhou Yajiang Photoelectric Equipment Co.
- Halma
- Herbert Waldmann
- Integra Lifesciences
- Martin Professional
- OSRAM
- Signify Holding (Formerly Philips Lighting)
- Simeon Medical
- Startup Ecosystem
- Steris PLC
- Technomed India
- USHIO
- Xylem
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
- Total Companies Profiled: 37
Note: Product cover images may vary from those shown
