ReportLinker Reports the Global Specialty Lighting Market to Reach $8.1 Billion by 2027 - Energy Watch News


ReportLinker Reports the Global Specialty Lighting Market to Reach $8.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Specialty Lighting estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$8.1 Billion by 2027, growing at aCAGR of 5.6% over the period 2020-2027. LED, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$5.9 Billion by the end of the analysis period. The Specialty Lighting market in the U.S. is estimated at US$1.5 Billion in the year 2020. China is forecast to reach a projected market size of US$1.8 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Global Specialty Lighting Industry (reportlinker.com)

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