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Specialty Lighting Global Market Size, Share, Trends Analysis, By Light Type, By Application, By Medical Type And Segment Forecasts,2022-2031 | Advanced Specialty Lighting Inc., Osram Licht AG, Signify N.V., Ushio America Inc., Xylem Inc.
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The global specialty lighting market report by the business research company identifies the increasing number of live music events and concerts is expected to propel the growth of the specialty lighting market going forward. Live music, events, and concerts can be referred to as public performances where music or dancing is usually done by individuals, several singers, instrumentalists, or both. Live music events and concerts use specialty lighting to illuminate the artists performing on stage, giving visual directions, conveying the location of performers, and providing a better environmental setting. For instance, according to BBC News, a UK-based division of the British Broadcasting Corporation responsible for the gathering and broadcasting of news, in the UK, 19,300 setlists were reported in the year 2019, making revenues of $8.47 million (£8 million). Therefore, the increasing number of live events and concerts is driving the demand for the specialty lighting market.
The global specialty lighting market size is expected to grow from $5.42 billion in 2021 to $6.00 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The specialty lighting market is expected to grow to $7.94 billion in 2026 at a CAGR of 7.2%.
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North America was the largest region in the specialty lighting market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the specialty lighting market are Advanced Specialty Lighting Inc., Brandon Medical Company, CREE (IDEAL INDUSTRIES INC.), Getinge AB, Herbert Waldmann GmbH & Co. KG, Integra Life Sciences Pvt. Ltd, Osram Licht AG, Signify N.V., Ushio America Inc., Xylem Inc., Halma PLC, Atlantic Ultraviolet Corporation, LG Electronics Inc., AU Optronics, InVisage Technologies, Nanoco Group Plc, Sony Group Corporation, Quantum Materials Corp, Samsung Electronics Co. Ltd., and StoreDot Ltd.
The global specialty lighting market is segmented -
1) By Medical Type: Surgical, Examination
2) By Light Source: LEDs, Incandescent Lamps
3) By Application: Entertainment, Medical, Purification, Other Applications
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The Specialty Lighting Market Report Contents Include
1. Executive Summary
2. Specialty Lighting Market Characteristics
3. Specialty Lighting Market Trends And Strategies
4. Specialty Lighting Market - Macro Economic Scenario
5. Specialty Lighting Market Size And Growth
.....
26. Africa Specialty Lighting Market
27. Specialty Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Lighting Market
29. Specialty Lighting Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the specialty lighting market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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