Published Date: 10-Jul-2020
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According to a new report Global Specialty Lighting Market, published by KBV research, The Global Specialty Lighting Market size is expected to reach $8.3 billion by 2026, rising at a market growth of 8.8% CAGR during the forecast period.
The market of specialty lighting is driven by entertainment lighting. Entertainment lighting includes lamps that keep the audience focused and provide the performers with the right intensity, color distribution and direction. Entertainment lighting has many uses, including the stage and studio. The demand for purification is related to the use of special UV lights for the purification of water, air and surfaces. The worldwide demand for water purification has expanded due to the depletion of water supplies and the recycling of wastewater.
The LED market dominated the Global Specialty Lighting Market by Light Type in 2019, growing at a CAGR of 8 % during the forecast period. The Others market is expected to witness a CAGR of 11.8% during (2020 - 2026).
North America recorded a dominant market share and is projected to dominate the market over the forecast period. Growth is largely attributable to the involvement of major lighting companies offering solutions in different areas, such as horticulture, entertainment, water treatment, medical, seaports and aquariums. The Europe market is expected to witness a CAGR of 8.1% during (2020 - 2026). Additionally, The Asia Pacific market is poised to grow at a CAGR of 10.7% during (2020 - 2026).
Structural Insights: https://www.kbvresearch.com/specialty-lighting-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Xylem, Inc., PerkinElmer, Inc. (Advanced Specialty Lighting), Cree, Inc., Halma PLC, Signify N.V., Ushio, Inc., Steris PLC, Integra LifeSciences Holdings Corporation, Advanced UV Light GmbH (JW Holding GmbH), and Atlantic Ultraviolet Corporation.
By Light Type
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