About our Report
The specialty lighting market is projected to reach USD 7.2 billion by 2024 from USD 5.4
billion in 2019, at a CAGR of 5.9% from 2019 to 2024.
The major drivers for the market’s growth are the increasing number of live music events and
concerts; stringent government regulations for air, water, and surface disinfection; growing
penetration and adoption of surgical lighting for minor and major surgical procedures; and
decreasing cost and increasing penetration of LEDs. Underlying opportunities for the specialty
lighting market include the increasing demand for ultrapure water from end-use industries
and high growth prospects in new applications.