Global Specialty Lighting Market Size & Outlook, 2020-2027
Global specialty lighting market, 2018-2027 (US$M)
Related Markets
Global specialty lighting market highlights
- The global specialty lighting market generated a revenue of USD 5,567.5 million in 2020 and is expected to reach USD 8,952.5 million by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 7% by 2027.
- In terms of segment, led accounted for a revenue of USD 3,644.4 million in 2020.
- LED is the most lucrative light type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2020.
- Country-wise, Germany is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 5,567.5 million |
| Market revenue in 2027 | USD 8,952.5 million |
| Growth rate | 7% (CAGR from 2020 to 2027) |
| Largest segment | Led |
| Fastest growing segment | LED |
| Historical data covered | 2018 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | LED |
Other key industry trends
- In terms of revenue, the North America accounted for 35.4% of the global specialty lighting market in 2020.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, Germany is the fastest growing regional market and is projected to reach USD 698.6 million by 2027.
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Specialty Lighting Market Scope
Specialty Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global specialty lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty lighting market will help companies and investors design strategic landscapes.
Led was the largest segment with a revenue share of 65.46% in 2020. Horizon Databook has segmented the Global specialty lighting market based on led covering the revenue growth of each sub-segment from 2018 to 2027.
- Global Specialty Lighting Light Type Outlook (Revenue, USD Million, 2018-2027)
- LED
- Others
- Global Specialty Lighting Application Outlook (Revenue, USD Million, 2018-2027)
- Entertainment
- Medical
- Purification
- Others
- Global Specialty Lighting Medical Type Outlook (Revenue, USD Million, 2018-2027)
- Surgical Lighting
- Examination Lighting
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Target buyers of Global specialty lighting market databook
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Our clientele includes a mix of specialty lighting market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global specialty lighting market, including forecasts for subscribers. This global databook contains high-level insights into Global specialty lighting market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global specialty lighting market size, by regions, 2018-2027 (US$M)
Top 10 countries: Specialty lighting market size, 2020 (US$M)
Global specialty lighting market share, by light type, 2020 & 2027 (%, US$M)
Specialty lighting market: Opportunity assessment by country
Global specialty lighting market, by region, 2020 (US$M)
| Light Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,805.5 | 1,883.5 | 1,968.9 | 2,067.4 | 2,181.7 | 2,313.2 | 2,464.8 | 2,640.8 | 2,845.9 | 3,086.7 | 6.6% |
| Europe | 1,335.2 | 1,385.6 | 1,440.9 | 1,504.9 | 1,579.6 | 1,665.6 | 1,764.9 | 1,880.3 | 2,014.9 | 2,172.8 | 6.0% |
| Asia Pacific | 922.1 | 979.7 | 1,042.8 | 1,114.7 | 1,197.4 | 1,292.0 | 1,400.8 | 1,526.8 | 1,673.6 | 1,846.0 | 8.5% |
| Latin America | 532.9 | 558.3 | 586.0 | 617.9 | 654.9 | 697.3 | 746.1 | 802.8 | 868.8 | 946.4 | 7.1% |
| MEA | 473.5 | 499.9 | 528.9 | 562.1 | 600.3 | 644.0 | 694.4 | 752.7 | 820.7 | 900.6 | 7.9% |
| Overall | 5,069.2 | 5,307.0 | 5,567.5 | 5,867.1 | 6,213.8 | 6,612.1 | 7,071.0 | 7,603.4 | 8,223.9 | 8,952.5 | 7.0% |
Related regional statistics
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