Global Hospital Light Market was valued US$ 6.43 Bn by 2019 and is estimated to reach US $ XX Bn by 2026 at a CAGR of about XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
An objective of Hospital Light market is to improve Hospital buildings lights that’s vary enormously and the lighting has to be suitable for every situation faced by hospital. Most complex hospital buildings have lighting designer is ever likely to face. Hospitals are the buildings that truly operate 24/7 every day of the year.
Thus energy consumption is a very significant factor for running hospitals. Apart from a National Health Service document on lighting and color, Society of Light and Lighting LG2 ‘Hospitals and Healthcare Buildings 2008’ most often quoted a guidance. Department of health in UK endorses LG2 for guidance on hospital lighting.
Based on Product type, Hospital Light Market is shattering into Troffers, Surface-mounted lights, recessed lighting, and surgical lamps. Which also includes emergency lights, exit lights, and step lights, commonly used lighting system. Surface mounted system provides the optimal distribution of light in installed area. Thus accounted hold highest global share revenue in 2018. Now a days, increasing adoption of LED-based recessed down lights use in operating rooms and LED-based recessed troffers use in imaging rooms and diagnostic. Thus recessed lighting system is expected to be the fastest growing shatter during the forecast period.
Based on Technology type, Hospital Light market can be fragmented into Fluorescent, LED, and Renewable Energy. Adopting LED lighting technology has estimated to lead the market segment around 40% of revenue in 2018, globally. Thus attribute benefits such as long service life, high level of reliability uniform , and quality of light for many application areas including stairs, waiting rooms, pantry area, and lobbies.
Based on application Hospital Light market is sectionised into Patient Wards & ICUs, Examination Rooms, and Surgical Suites. According to 2018, patient rooms/ward rooms held the largest share of over 20% in the hospital lighting system market. This will boost to increase advancements in technology and adoption of LED-based lighting fixtures, thus help us to lighten-up the mood of patients and visitors. Fastest growth of hospital lighting system wills diagnostic rooms application during the forecast period.
In terms of geography Hospital Light market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to dominate Hospital Light market over the forecast period. North America could top the charts in terms of revenue growth around 38%. APEJ is envisaged to maintain CAGR of 6.2% during the forecasting period. However MEA and Europe exhibit a slothful growth in the near future.
Key Players Profiled and Analised in the Report
Cree Inc., Zumtobel Group AG, OSRAM Licht AG, Acuity Brands Inc., General Electric Company, Signify N.V.,
Hubbell Incorporated, Herbert Waldmann GmbH & Co. KG, TRILUX GmbH & Co. KG, Acuity Brands, Inc., Koninklijke Philips N.V.,Orion Energy Systems Inc, Eaton Corp. Plc, General Electric Co., Hill-Rom Holdings, Inc., Hubbell, Inc., Drägerwerk AG & Co. KGaA, KLS Martin GmbH + Co. KG
The objective of the report is to present comprehensive analysis of Global Hospital Light market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Hospital Light market dynamics, structure by analyzing the market segments, and project the Global Hospital Light market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hospital Light market make the report investor’s guide.
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Scope of Global Hospital Light Market
Global Hospital Light Market, by Product Type
• Surface-mounted lights
• recessed lighting
• Surgical lamps
Global Hospital Light Market, by Technology Type:
• Renewable Energy
Global Hospital Light Market, by Application Type:
• Patient Wards & ICUs
• Examination Rooms
• Surgical Suites
Global Hospital Light Market, by Region:
• Asia Pacific
• North America
• Middle East & Africa
• Latin America
Key Players Analyzed in Global Hospital Light Market:
1. Cree Inc.
2. Zumtobel Group AG
3. OSRAM Licht AG
4. Acuity Brands Inc.
5. General Electric Company
6. Signify N.V.
7. Hubbell Incorporated
8. Herbert Waldmann GmbH & Co. KG
9. TRILUX GmbH & Co. KG
10. Orion Energy Systems Inc
11. Acuity Brands, Inc.
12. Cree, Inc.
13. Drägerwerk AG & Co. KGaA
14. Eaton Corp. Plc
15. Hill-Rom Holdings, Inc.
16. KLS Martin GmbH + Co. KG
17. Koninklijke Philips N.V.
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