Cleanroom Lighting Market Analysis
Market Research Future (MRFR) projects the global cleanroom lighting market size to reach USD 1,015 million at a CAGR of 6% from 2020 to 2027 (forecast period).
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Multiple Factors to Augment Market Growth
One of the key forces driving demand for cleanroom lighting is stringent rules for preventing product contamination in various industries like food and healthcare. Furthermore, the growing demand for a controlled environment with low levels of pollutants in manufacturing industries, as well as the rising demand for sterile manufacturing facilities in the pharmaceuticals industry, is driving market expansion. With the governments of various nations eager to invest in the medical industry, vendors in the cleanroom lighting market have enormous prospects in developing economies.
Key Players
The key players in the cleanroom lighting industry are Kenall Manufacturing, (US), LUG Light Factory Sp. z o.o. (Poland), Signify holding (Netherlands), Solite Europe Ltd (UK), Eaton Corporation plc (Ireland), Terra Universal. Inc. (US), Eagle Lighting Australia (Australia), Crompton Greaves Ltd. (India), Wipro Enterprises (India), and Paramount Industries, Inc. (US).
Other prominent players studied for the Cleanroom Lighting market are LEDspan Ltd (Ireland), Havells India Ltd (India), Thorlux Lighting (UK), Northcliffe Lighting (Lithuania), Laminar Flow Inc. (US), CleanAir Solutions (US), and HyLite LED Lighting (US), among others.
The Global to Regain Stability Post COVID-19 Pandemic
The spread of the COVID-19 pandemic has caused havoc in the electronics industry. Changes in customer preferences and purchasing habits as a result of global economic upheavals are likely to have an impact on the cleanroom lighting market throughout the projected timeframe. Governments around the world have implemented lockdowns, which have harmed the majority of industrial players and forced people to stay at home, reducing physical interaction among people. Most organizations have allowed employees to work from home to ensure business continuity during the COVID-19 pandemic, which is projected to stymie cleanroom lighting market growth over the forecast timeframe. The constraints imposed on production processes to comply with social distancing norms are projected to stymie the growth of the electronics industry, limiting the growth of the worldwide cleanroom lighting market.
The COVID-19 crisis has disrupted operations in a number of industries, including pharmaceuticals, precision engineering, and biological and genetic research. The movement in consumer preference toward essential products is expected to have an impact on the cleanroom lighting market throughout the forecast period. Furthermore, the COVID-19 outbreak has led in the closure of international borders, resulting in a significant drop in worldwide demand for cleanroom lighting and related items. Travel restrictions have been imposed by the government. As a result, the market is likely to be impacted by a decline in cleanroom lighting product sales. Furthermore, restrictions on public gatherings and travel prohibitions in certain countries are projected to stymie the growth of the cleanroom lighting market over the forecast period. The greater emphasis on social distancing and personal care is anticipated to have an impact on demand for products such as cleanroom lighting in the approaching months. The outbreak has not only resulted in the loss of human lives but has also increased the likelihood of a global economic downturn. As a result, the cleanroom lighting market is predicted to rise steadily post-pandemic.
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Market Segmentation
The worldwide cleanroom lighting industry has been segmented on the basis of light source, mounting type, and end user.
On the basis of the light source, the global cleanroom lighting industry has been segmented into LED and fluorescent.
By mounting type, the global cleanroom lighting industry has been segmented into recessed mounted and surface mounted.
On the basis of components, the global cleanroom lighting market has been segmented into hardware, software, and services.
On the basis of end users, the global cleanroom lighting industry has been segmented into manufacturing, healthcare and life sciences, food beverages, and others.
Regional Analysis
APAC to Lead the Global Market
Due to the cost-benefits and favorable regulatory environment, Asia Pacific has the biggest market share in the worldwide cleanroom lighting industry. Furthermore, nations such as China, Japan, India, Taiwan, and South Korea are important contributors to the worldwide cleanroom lighting market's growth.
