Skip to main content

HOSPITAL LIGHTING SYSTEM MARKET – INDUSTRY ANALYSIS BY PRODUCT, TECHNOLOGY, APPLICATION AND GEOGRAPHY FORECAST 2023

The hospital lighting system market is projected to reach $8.5 billion by 2023, growing at a CAGR of 7.6% forecast to 2023.
Hospital lighting system overcomes the built-in constraints of traditional lighting solutions, which use high-intensity discharge, incandescent and halogen lights. It offers numerous benefits over conventional lighting solutions, including energy-efficiency, longer lifespan and durability.
Hospital lighting systems are used for wide-ranging applications, including patient wards & suites, surgical suites, diagnostic & imaging center, lobbies, corridors and parking areas & garages. Price reduction of LED technology has elevated its demand in several application segments.
The adoption of troffers is witnessing a rapid growth, as they are used in patient wards, corridors and stairs in hospitals. They offer superior color quality as compared to traditional hospital lighting, do not require ceiling alterations and offer high efficiency, thereby cutting energy consumption to 50%.
The fastest growth in hospital lighting system market is expected in Europe. Hospitals in Europe are looking for lighting solutions that can reduce energy consumption to 60% and thus bringing down the operating cost of the medical facilities. The increasing investment in healthcare institutions by the government of various countries is a prime factor behind the growth of the hospital lighting system market.
Some of the major players also include Acuity Brand Inc., Cree Inc., Zumtobel Group AG, Hubbell Lighting, Inc., Herbert Waldmann GmbH & Co. Kg, Trilux Gmbh & Co. Kg, and Orion Energy System Inc.

Comments

Post a Comment

Popular posts from this blog

Big Data Analytics in Healthcare Market - Huge Growth Opportunities, Technology, Revenue and Demand by 2023

The global big data analytics in healthcare market is growing at a CAGR of 21.8% during 2018–2023 and will reach $22.7 billion by 2023. The global big data analytics in healthcare market is also gaining interest due to the introduction of personalized healthcare systems and demand for high quality healthcare services. Through the adoption of big data, healthcare payers and providers are enhancing their capabilities by studying patient behavior towards a particular treatment and the diagnostic patterns, in order to provide them with customized and highly cost-effective services. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/big-data-analytics-in-healthcare-market/report-sample Geographically, North America has been the largest big data analytics in healthcare market; however, the fastest growth during the forecast period is expected from Asia-Pacific. This can be attributed to factors such as advancement in big data te...
Post a Comment
Read more

Conditional Access System (CAS) Market Size, Share, Trends, Key Players, Demand and Opportunities by 2023

Conditional access systems (CAS) refer to content protection solutions used widely to control unauthorized contents or intruders to access to audio and video content. Generally, these systems are installed at the receiving end of audio and video such as digital set-tops boxes of the consumers. One of the most dominant factors driving the  conditional access system market  is the analog to digital transformation of the TV transmission in developing countries of the Asia Pacific. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/conditional-access-system-market/report-sample With the growing demand of digital setup boxes from tier2 and tier3 cities of India and China the global conditional access market is expected to grow in coming years. Moreover the advancement in wireless broadcasting and media industry in the developed markets in Europe and North America is also expected to increase the demand of control ...
Post a Comment
Read more

Oil Free Compressor Market Analysis, Revenue, Trends, Competitive Analysis and Demand by 2023

The global  oil free compressor market  is driven by higher reliability, and lower installation and maintenance cost. The government regulations towards energy efficiency and environment protection are also expected to increase the market penetration of oil free compressors during the forecast period. The demand of superior air quality particularly in healthcare, textile and food and beverage industry is expected to the drive the growth of the global oil free compressor market. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/oil-free-compressor-market/report-sample The custom based product design to match the end users requirement, along with enhanced service offering are the recent trends witnessed in the global oil free compressor market. The high competition among the oil free compressor manufacturing companies, along with lack of product innovation is hindering the growth of the global market. Asia-Pac...
Post a Comment
Read more