In 2019, the global specialty lighting market was worth USD 5.3 billion. The market is expected to grow at a 7.0% compound annual growth rate (CAGR), between 2020 and 2027. Market growth is being driven by the increasing adoption of lighting solutions that are specific to certain purposes and the increased need for improved illumination in medical, entertainment, as well as other industries. The key growth driver is expected to be UV lamps for disinfection surface, air, or water. The demand for specialty lighting solutions is also increasing due to the growing number of events worldwide, such as music concerts and the fast-growing entertainment industry.
Specialty lighting is in high demand due to the increased number of events such as concerts tours and sporting competitions. Nearly 1 million people attend the U.S.'s over 800 music festivals each year. Japan, India and South Korea are the most visited countries for music concerts. These big events help specialty lighting vendors generate significant revenue each year. The market is also growing due to rising demand from television series production entities, opera sets, and film industry.
Market growth is also expected to be aided by technological advancements such as IoT smart lighting solutions and . Smart lights connected via app are widely used at clubs and events. However, these lighting solutions are more expensive to install. Market growth is hindered by strict regulations in the lighting industry, such as the Energy Star Program (UNEP), the National Electric Code (NEC) and the United Nations Environment Programme (UNEP).
Market growth has been slowed by the COVID-19 pandemic that led to lockdown and curfew around the globe. Due to the expansion of temporary hospitals, and increased demand for examination and surgical facilities, medical lighting will continue to be in demand. Many countries around the world are experiencing a shortage of hospital beds. This needs to be addressed by building new isolation and treatment areas and purchasing more medical equipment and lighting.
In 2019, the LED light segment accounted for more than 65% of the market. Due to their longer life span, lower heating costs, and low cost, LED bulbs have seen a significant increase in market share. The LED lights have dominated every aspect of lighting including architectural, smart, decorative, specialty and architectural lighting. They can be used in a variety of fixture designs that produce color and pattern.
Because LED is lightweight, specialty lighting is increasingly in demand. Another reason for LED specialty lights being adopted is their longer shelf life. Incandescent and halogen lights can break and fuse over time, but LED specialty lights don't break because they have a smaller frame. They also consume less electricity than traditional lights.
In 2019, the entertainment segment held a significant market share of more than 42%. The entertainment segment will continue to dominate the market in the coming years. This is because the industry relies on many forms of photography lighting and cinematography, including fill lighting, backlighting and practical lighting. Segment growth is greatly influenced by the film industry (e.g. Hollywood and Bollywood). The film industry also hosts numerous awards shows and events that feature specialty lighting, which further boosts growth.
The highest expected CAGR for the purification segment will be 7.9% during the forecast period. This is due to the increased use of UV lamps for purifying water, air and surfaces. Due to the depletion of water resources and recycling wastewater, water purification is becoming more important around the world. Air purification is also essential in pharma and testing laboratories to prevent foreign particles from medicine or samples. Surface purification is necessary to disinfect the area or prevent the growth of bacteria. UV-CLEAN is a non-touch technology that uses a very lethal wavelength to kill microorganisms. It uses an automated disinfection system to activate microorganisms genetically using UV-C energy. The application of ultraviolet lighting to purify or disinfect a place is expected help in segment growth.
The largest segment, accounting for more than 53% of global market share in 2019, was surgical lighting. The medical industry has a lot of specialty lighting that is essential for better visibility during procedures. Technical and operational guidelines for surgical and examination lighting require 85 CRI to 100 color renditions and a color temperature of 3,000K to 6,700K. Examination lighting is sufficient with a 1,000lx light output. The range of illumination required for surgical lighting is between 40,000lx and 160,000lx.
With the advent of modern operating equipment, surgical lighting is becoming more popular to prevent fatalities during surgery. The reliability of surgical lighting has been further enhanced by the introduction of LED lights. Due to increasing product demand, the examination lighting market is expected to grow at the fastest rate between 2020 and 2027. The dedicated examination lighting allows the doctor or examiner to prevent any mishaps while using the tool. This will support market growth.
North America accounted for the largest market share, with over 35% in 2019, and will continue to dominate the market during the forecast period. Major lighting companies provide services in many areas such as entertainment, water treatment and medical. The region's rapidly growing end-use industries such as entertainment are also contributing to the increased product demand. The increased demand for surgical and exam lighting is also due to the strong healthcare systems in Canada and the U.S.
Asia Pacific is expected to see the fastest CAGR during the forecast period. This is due to the increasing use of specialty lightings in many industries. Market vendors consider India's entertainment industry to be one of their most preferred markets. There is constant demand. Regional market growth is also being supported by the healthcare industry in Japan and China. Market growth is also supported by the extensive use of the harbor for lightening up and improving safety and productivity, while still operating at night.
Major companies are focused on product launches, partnerships, M&A, and M&A to increase their market share and expand their portfolio. SLD Laser's Laser Light products were launched in January 2019 for specialty lighting applications. They provide a nearly ten-fold brighter light than LED and have a longer illumination range of up 1km. SLD Laser also has lower power consumption, a longer life span, and a higher directional output than LED. Signify Holding purchased "Cooper Lighting Solutions" (Eaton) in March 2020. This acquisition will help strengthen Signify's position in North America. The following are some of the major players in the specialty lighting market:
Advanced specialty lighting
Brandon Medical
CREE (IDEAL INDUSTRIES INC.)
Getinge AB
Herbert Waldmann
Integra Lifesciences
OSRAM GmbH
Signify Holding
Steris PLC
USHIO
Up Market Research published a new report titled “Specialty Lighting Market research report which is segmented by Medical Type (Examination, Surgical), by Light Type (LED), by Application (Purification, Entertainment), By Players/Companies Integra Lifesciences, CREE (IDEAL INDUSTRIES INC), Herbert Waldmann, USHIO, Getinge AB, OSRAM GmbH, Signify Holding, Brandon Medical, Advanced Specialty Lighting, Steris PLC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Specialty Lighting Market Research Report |
By Medical Type | Examination, Surgical |
By Light Type | LED |
By Application | Purification, Entertainment |
By Companies | Integra Lifesciences, CREE (IDEAL INDUSTRIES INC), Herbert Waldmann, USHIO, Getinge AB, OSRAM GmbH, Signify Holding, Brandon Medical, Advanced Specialty Lighting, Steris PLC |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 229 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Medical Type (Examination, Surgical), by Light Type (LED), by Application (Purification, Entertainment).
Specialty Lighting Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Specialty Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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