Summary
The report "Specialty Lighting Market by light source (LED, Halogen Lamps, Xenon Bulbs,
Incandescent Lamps), application (Entertainment, Medical, UV Lamps), and Region (North
America, Europe, Asia Pacific, RoW) - Global Forecast to 2024", 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.