The increasing adoption of led based lighting products to drive the hospital lighting market to reach USD 7.03 billion by 2021
The increasing adoption of LED based lighting products and increasing number of hospital in emerging economies are the key factor driving the market growth. Moreover, increasing government support to energy efficiency program for hospitals is contributing to the growth of market.
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:Scope of the Report:
This research report categorizes the hospital lighting market into the following segments:
Hospital lighting Market, by Product:
- Troffers
- Surface-mounted Lights
- Surgical Lamps
- Other Products
Hospital lighting Market, by Technology:
- Fluorescent
- LED
- Renewable Energy
- Other Technologies
Hospital lighting Market, by Application:
- Patient Wards & ICUs
- Examination Rooms
- Surgical Suites
- Other Applications
Hospital lighting Market, by Region:
- North America
- US
- Canada
- Europe
- Germany
- U.K.
- France
- Rest of Europe (RoE)
- Asia
- China
- Japan
- India
- Rest of Asia (RoA)
- Rest of the World (RoW)
The global hospital lighting market is segmented into four major regions North America, Europe, Asia, and Rest of the World. In 2016, North America is expected to account for the largest share of the market, followed by Europe. North America will continue to dominate the market in the forecast period due to ample government support and utility funding in order to promote energy efficiency projects and to support the modernization of hospital lighting industry. However, the market in Asia is expected to witness the highest CAGR, with the growth centered on China, Japan, and India.
Prominent players in this market are General Electric Company (U.S.), Acuity Brands Lighting Inc. (U.S.), Cree Inc. (U.S.), Eaton Corporation PLC (Ireland), Hubbell Incorporated (U.S.), Koninklijke Philips N.V. (Netherlands), and Zumtobel Group AG (Austria). Other players in this market include Herbert Waldmann GmbH & Co. KG (Germany), KLS Martin Group (Germany), and Trilux Lighting Ltd (U.K.).
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