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Specialty Lighting Market

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    Report

  • 118 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724208
The global specialty lighting market size is expected to reach USD 8,580.93 million by 2030, according to a new study. The report “Specialty Lighting Market Share, Size, Trends, Industry Analysis Report, By Light Source (Light-Emitting Diode, Halogen Lamps, Xenon Bulbs, Incandescent Lamps, and Metal Halide Lamps); By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rapidly growing adoption of lighting solutions for various purposes and the rising need for enhancing illumination across many industries including medicine and entertainment coupled with the growing prevalence of disinfection of water, air, and surface through UV lamps across the globe are major factors boosting the growth of the global market.

For instance, in June 2022, CREE LED, a subsidiary company of Smart Global, introduced new X-Lamp Element G LEDs, which enable maximum light output and better optical performance along with new levels of control and precision. The newly developed LED delivers nearly 3x the light output of the XQ E & 9x the lumen density of the XP-E2 & optimized for multi-color directional lighting products.

The various film industries such as Hollywood and Bollywood are playing a significant role in the development of specialty lighting because of its benefit in the designing of lightweight fixtures and capabilities of LED lights to be utilized for a lengthy period, as it does not break due to their smaller glass frame which is installed inside the fixture, while the others are prone to breaking or fusing. In addition, growing technological advancements in product quality and rising efforts on the development of innovative solutions by key market companies by implementing various business developing strategies including increasing R&D, mergers, collaborations, acquisitions, and new product launches.

For instance, in September 2022, Exaktera LLC announced its new acquisition of Advanced Illumination, a provider of well-assembled specialty lights. With this acquisition, the company expected to expand its production of offerings in specialty LED solutions & expertise in machine vision.

Specialty Lighting Market Report Highlight

  • LED segment accounted for a significant market revenue share, in 2021, due to its wide range of advantages such as longer life, energy-efficient, and cost-saving features
  • Entertainment segment held the largest market share and is expected to grow over the anticipated period owing to the high dependence of the film industry on various lighting solutions
  • North America region dominated the global market, which is mainly accelerated by the growing expansion of several end-use industries and the presence of robust healthcare systems in the United States and Canada
  • The global market players include Smart Global Holdings, Advanced Specialty Lighting, American Ultraviolet, Advanced Stage Lights, and Altman Lighting

The publisher has segmented the specialty lighting market report based on light source, application, and region:

Specialty Lighting, Light Source Outlook (Revenue - USD Million, 2018 - 2030)

  • Light-Emitting Diode
  • Halogen Lamps
  • Xenon Bulbs
  • Incandescent Lamps
  • Metal Halide Lamps

Specialty Lighting, Application Outlook (Revenue - USD Million, 2018 - 2030)

  • Entertainment
  • Medical
  • UV Lamps
  • Purification

Specialty Lighting, Regional Outlook (Revenue - USD Million, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Specialty Lighting Market

What is the estimated value of the Specialty Lighting Market?

The Specialty Lighting Market was estimated to be valued at $5447.18 million in 2022.

What is the growth rate of the Specialty Lighting Market?

The growth rate of the Specialty Lighting Market is 5.8%, with an estimated value of $8580.93 million by 2030.

What is the forecasted size of the Specialty Lighting Market?

The Specialty Lighting Market is estimated to be worth $8580.93 million by 2030.

Who are the key companies in the Specialty Lighting Market?

Key companies in the Specialty Lighting Market include Signify, OSRAM, Smart Global Holdings, Advanced Specialty Lighting, Herbert Waldmann, Brandon Medical, Integra Lifesciences, American Ultraviolet and Guangzhou Yajiang Photoelectric Equipment Co..

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Specialty Lighting Market Insights
4.1. Specialty Lighting Market - Industry Snapshot
4.2. Specialty Lighting Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. High growth prospects in new applications
4.2.1.2. Increasing number of events and functions
4.2.2. Restraints and Challenges
4.2.2.1. Higher cost of installation
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Specialty Lighting Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Specialty Lighting Market, by Light Source
5.1. Key Findings
5.2. Introduction
5.2.1. Global Specialty Lighting, by Light Source, 2018 - 2030 (USD Million)
5.3. Light-Emitting Diode
5.3.1. Global Specialty Lighting Market, by Light-Emitting Diode, by Region, 2018 - 2030 (USD Million)
5.4. Halogen Lamps
5.4.1. Global Specialty Lighting Market, by Halogen Lamps, by Region, 2018 - 2030 (USD Million)
5.5. Xenon Bulbs
5.5.1. Global Specialty Lighting Market, by Xenon Bulbs, by Region, 2018 - 2030 (USD Million)
5.6. Incandescent Lamps
5.6.1. Global Specialty Lighting Market, by Incandescent Lamps, by Region, 2018 - 2030 (USD Million)
5.7. Metal Halide Lamps
5.7.1. Global Specialty Lighting Market, by Metal Halide Lamps, by Region, 2018 - 2030 (USD Million)

6. Global Specialty Lighting Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
6.3. Entertainment
6.3.1. Global Specialty Lighting Market, by Entertainment, by Region, 2018 - 2030 (USD Million)
6.4. Medical
6.4.1. Global Specialty Lighting Market, by Medical, by Region, 2018 - 2030 (USD Million)
6.5. UV Lamps
6.5.1. Global Specialty Lighting Market, by UV Lamps, by Region, 2018 - 2030 (USD Million)
6.6. Purification
6.6.1. Global Specialty Lighting Market, by Purification, by Region, 2018 - 2030 (USD Million)

7. Global Specialty Lighting Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Specialty Lighting Market Assessment, By Geography, 2018 - 2030 (USD Million)
7.3. Specialty Lighting Market - North America
7.3.1. North America: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.3.2. North America: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.3.3. Specialty Lighting Market - U.S.
7.3.3.1. U.S.: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.3.3.2. U.S.: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.3.4. Specialty Lighting Market - Canada
7.3.4.1. Canada: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.3.4.2. Canada: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4. Specialty Lighting Market - Europe
7.4.1. Europe: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.2. Europe: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.3. Specialty Lighting Market - UK
7.4.3.1. UK: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.3.2. UK: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.4. Specialty Lighting Market - France
7.4.4.1. France: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.4.2. France: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.5. Specialty Lighting Market - Germany
7.4.5.1. Germany: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.5.2. Germany: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.6. Specialty Lighting Market - Italy
7.4.6.1. Italy: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.6.2. Italy: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.7. Specialty Lighting Market - Spain
7.4.7.1. Spain: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.7.2. Spain: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.8. Specialty Lighting Market - Netherlands
7.4.8.1. Netherlands: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.8.2. Netherlands: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.4.9. Specialty Lighting Market - Russia
7.4.9.1. Russia: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.4.9.2. Russia: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5. Specialty Lighting Market - Asia Pacific
7.5.1. Asia Pacific: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.2. Asia Pacific: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.3. Specialty Lighting Market - China
7.5.3.1. China: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.3.2. China: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.4. Specialty Lighting Market - India
7.5.4.1. India: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.4.2. India: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.5. Specialty Lighting Market - Malaysia
7.5.5.1. Malaysia: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.5.2. Malaysia: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.6. Specialty Lighting Market - Japan
7.5.6.1. Japan: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.6.2. Japan: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.7. Specialty Lighting Market - Indonesia
7.5.7.1. Indonesia: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.7.2. Indonesia: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.5.8. Specialty Lighting Market - South Korea
7.5.8.1. South Korea: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.5.8.2. South Korea: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.6. Specialty Lighting Market - Middle East & Africa
7.6.1. Middle East & Africa: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.6.2. Middle East & Africa: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.6.3. Specialty Lighting Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.6.3.2. Saudi Arabia: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.6.4. Specialty Lighting Market - UAE
7.6.4.1. UAE: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.6.4.2. UAE: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.6.5. Specialty Lighting Market - Israel
7.6.5.1. Israel: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.6.5.2. Israel: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.6.6. Specialty Lighting Market - South Africa
7.6.6.1. South Africa: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.6.6.2. South Africa: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.7. Specialty Lighting Market - Latin America
7.7.1. Latin America: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.7.2. Latin America: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.7.3. Specialty Lighting Market - Mexico
7.7.3.1. Mexico: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.7.3.2. Mexico: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.7.4. Specialty Lighting Market - Brazil
7.7.4.1. Brazil: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.7.4.2. Brazil: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)
7.7.5. Specialty Lighting Market - Argentina
7.7.5.1. Argentina: Specialty Lighting Market, by Application, 2018 - 2030 (USD Million)
7.7.5.2. Argentina: Specialty Lighting Market, by Light Source, 2018 - 2030 (USD Million)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Signify
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. OSRAM
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Smart Global Holdings
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Advanced Specialty Lighting
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Herbert Waldmann
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Brandon Medical
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Integra Lifesciences
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. American Ultraviolet
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Advanced UV
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Guangzhou Yajiang Photoelectric Equipment Co
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Altman Lighting
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Chauvet & Sons
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Technomed India
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Advanced Stage Lights
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Crystal IS
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. Martin Professional
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development

Companies Mentioned

  • Signify
  • OSRAM
  • Smart Global Holdings
  • Advanced Specialty Lighting
  • Herbert Waldmann
  • Brandon Medical
  • Integra Lifesciences
  • American Ultraviolet
  • Advanced UV
  • Guangzhou Yajiang Photoelectric Equipment Co.
  • Altman Lighting
  • Chauvet & Sons
  • Technomed India
  • Advanced Stage Lights
  • Crystal IS
  • Martin Professional.