Hospital Lighting Market size was valued at US$ 7 Billion in 2022 and the total Hospital Lighting revenue is expected to grow at 6.3% through 2023 to 2029, reaching nearly US$ 10.75 Billion.
Hospital Lighting Market Overview:
In order to forecast revenues and analyze trends in each of the below-listed sub-markets, this study classifies the Hospital Lighting Market.
In order to assist the vendor in defining a fit or alignment between their capabilities and potential future growth, the Competition Strategic Window studies the competitive environment with respect to markets, applications, and geographic areas.
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Hospital Lighting Market Scope:
In-depth understanding of the industry and competitive environment is given to readers through the Hospital Lighting Industry study, assisting them in making more informed decisions on market expansion and growth. A participant summary, revenue data, capital investment, and global Hospital Lighting market growth rates are all included in the report.
Hospital Lighting Market Segmentation:
Product-wise, the market is divided into categories such as surgical lamps, troffers, and surface-mounted lights. In 2029, the surface-mounted lights sector is anticipated to hold the biggest market share. One element driving this segment’s growth is the growing use of LED-based lighting in hospitals throughout the world.
By Technology: LED lights, fluorescent lights, renewable energy sources, and other types of illumination make up the hospital lighting industry. It is also anticipated that the advantages of LED technology over conventional lighting systems will encourage the growth of the hospital lighting market. According to the US Department of Energy, lighting accounts for about 10% of the total energy used in hospitals, making it a crucial component of energy consumption. Due to their longer lifespan, increased efficiency, eco-friendliness, durability, and ability to distribute light more evenly than conventional lighting systems, green technologies are in higher demand worldwide, which is predicted to propel the growth of the LED technology segment in the hospital lighting market. For instance, the application of LED in intelligent lighting systems and solutions.
By Application: Patient wards and intensive care units, exam rooms, operation suites, and other applications make up the subsegmented hospital lighting market. According to estimates, the patient wards & ICUs category will hold the biggest market share in 2029. This high percentage may be related to the increasing number of hospitals in developing countries like China and India.
Hospital Lighting Market Size and Forecast, by Product (2022-2029)
1. Surface-mounted Lights
2. Troffers
3. Surgical Lamps
4. Other
Hospital Lighting Market Size and Forecast, by Technology (2022-2029)
1. Fluorescent Lights
2. LED Lights
3. Renewables
4. Other
Hospital Lighting Market Size and Forecast, by Application (2022-2029)
3. Patient Wards & ICUs
3. Examination Rooms
3. Surgical Suites
4. Other
Hospital Lighting Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Hospital Lighting Market Key Players: The key players are
1. General Electric Company
2. Acuity Brands Lighting Inc.
3. Cree IncCree Inc.
4. Eaton Corporation PLC
5. Hubbell Incorporated
6. Koninklijke Philips N.V.
7. Zumtobel Group AG
8. Herbert Waldmann GmbH & Co. KG
9. KLS Martin Group
10.Trilux Lighting Ltd
11.Dragеrwеrk АG & Со
12.КGаА
13.Ніll-Rоm Ноldіngѕ
14.Zumtоbеl Grоuр АG
15.Тrіluх GmbН & Со. Кg
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Regional Analysis:
After a careful analysis of numerous regions, including Asia-Pacific, Europe, North America, and the rest of the world, the Hospital Lighting market projection research was produced. North America will remain a significant shareholder in the global Hospital Lighting market and has the most influence over the Hospital Lighting market share.
COVID-19 Impact Analysis on Hospital Lighting Market: The COVID-19 impact on the Hospital Lighting market is also included in the report
Key Questions Answered in the Hospital Lighting Market Report are:
- What will be the CAGR of the Hospital Lighting market during the forecast period?
- Which segment emerged as the leading segment in the Hospital Lighting market?
- Which are the prominent players in the Hospital Lighting market?
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