Specialty Lighting Market to Worth USD 11.73 Billion by 2032 |
According to the SNS Insider, “The Specialty Lighting Market Size was valued at USD 6.5 Billion in 2023 and is expected to reach USD 11.73 Billion by 2032 and grow at a CAGR of 6.82% over the forecast period 2024-2032.”The Specialty Lighting market includes lighting solutions beyond regular residential and commercial use, such as architectural, theatrical, retail display, and medical or horticultural lighting. Driven by energy efficiency and sustainability concerns, LED technologies are gaining popularity due to their low energy consumption and long lifespan.