DUBLIN–(BUSINESS WIRE)–The “Hospital Lights – Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the publisher, the Hospital Lights Market is accounted for $5.10 billion in 2017 and is expected to reach $10.42 billion by 2026 growing at a CAGR of 8.3% from 2017 to 2026.
Growing government initiatives for energy efficiency programs in hospitals, rising number of hospitals in developing economies, lower operational cost, cheaper cost and the increasing acceptance of LED based lighting products are some of the key factors responsible for the market growth.
In hospitals, infrastructure lighting is one of the main aspects. The effect of Ambient lighting in hospital rooms impacts a variety of activities in hospitals. These lights are valuable which accomplish visual tasks and thereby reducing errors and controlling the body’s circadian system. Moreover, it also influences the mood and insight of patients and healthcare staff. Hence, hospital lighting and its efficient implementation is being considered as a critical parameter in the hospital infrastructure development.
Amongst product, troffers segment is accounted for significant shares in the global market. Growth in this segment is driven by factor such as rising acceptance of LED based troffers in hospitals globally. The North America region held the largest market share due to technological advancements and government initiatives.
Companies Mentioned
- General Electric Company
- Hubbell, Inc.
- Eaton Corp.
- Cree, Inc.
- Koninklijke Phillips, N.V.
- Zumtobel Group AG
- KLS Martin GmbH +Co. KG
- Drgerwerk AG & Co. KGaA
- Trilux GmbH & Co. Kg
- Hill-Rom Holdings, Inc.
- Herbert Walkman GmbH & Co, Kg
- Acuity Brands, Inc.
- Philips Lighting Holding B.V.
- Orion Energy Systems Inc.
- Osram Licht AG