AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Cleanroom Lighting Market Growth, Trends, and Forecast Report 2019-2024: Increasing Need for Microprocessors, Integrated Chips, Microcontrollers, and Memory - ResearchAndMarkets.com

November 14, 2019

DUBLIN--(BUSINESS WIRE)--Nov 14, 2019--

The “Cleanroom Lighting Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.

The cleanroom lighting market is expected to register a CAGR of 5.5% during the forecast period 2019 - 2024

The growing need for a controlled environment with a near-zero level of pollutants in the electronics manufacturing industry, and the stringent regulations by governments across the globe in the healthcare sector and food processing industry to prevent the contamination of products is one of the primary factor driving the market.

The rapidly increasing demand for electronic devices has escalated the need for microprocessors, integrated chips, microcontrollers, and memory. Also, an increase in the demand for consumer electronics is also expected to increase the manufacturing activities of semiconductors, which is expected to drive the market.

Some of the important factors such as the increasing developments in the lighting industry and the availability of a wide portfolio of products by the market players for different industries are also contributing to the growth of the market during the forecast period.

In the pharmaceutical sector, the increasing need for a controlled environment that necessitates the control over the concentration of microorganisms, airborne particles, temperature, humidity, and pressure is expected to drive the demand for cleanrooms, driving the market studied.

Moreover, critical patients in the ICU and the medical staff in hospitals are exposed to infectious microbes, which can transmit through water, air, or blood. Thus, the increasing need to avoid the spreading of any contagious microbes is one of the primary reasons driving the demand for cleanrooms in hospitals.

Scope of the Report

Primarily used in a manufacturing process or a scientific research center, a cleanroom is basically a controlled environment room that has a low level of pollutants such as airborne microbes, dust, aerosol particles, and chemical vapors. Also, production environments like these require lighting solutions that can offer pure light, dust-free application and are easy to clean.

Key Market Trends

Healthcare and Life Sciences Segment is Expected to Witness Significant Growth

The Asia-Pacific is expected to Occupy the Largest Market Share

Competitive Landscape

The cleanroom lighting market is highly competitive primarily due to the presence of many small and large manufacturers in the market supplying their products in domestic as well as in the international markets. The market appears to be moderately fragmented with major players adopting strategies like product and service innovation and mergers and acquisitions to increase their market reach on various geographies and be competitive in the market landscape. Some of the major players in the market are Signify Holding, Wipro Lighting, Eaton Corporation Inc, Crompton Greaves Consumer Electricals Ltd. among others.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Stringent Regulations in Healthcare and Food Processing Industries

4.2.2 Rising Demand for Sterile Manufacturing Areas in Pharmaceuticals Industry

4.3 Market Restraints

4.3.1 High-Cost Associated With Cleanrooms

4.4 Industry Value Chain Analysis

4.5 Industry Attractiveness - Porter’s Five Force Analysis

4.5.1 Threat of New Entrants

4.5.2 Bargaining Power of Buyers/Consumers

4.5.3 Bargaining Power of Suppliers

4.5.4 Threat of Substitute Products

4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Light Source

5.1.1 LED

5.1.2 Fluorescent

5.2 By Mounting Type

5.2.1 Recessed

5.2.2 Surface Mount

5.3 By End-user Industry

5.3.1 Healthcare & Life Sciences

5.3.2 Electronics and Semiconductor

5.3.3 Food & Beverage

5.3.4 Other End-user Industries

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Signify Holding

6.1.2 Wipro Lighting

6.1.3 Crompton Greaves Consumer Electricals Ltd.

6.1.4 Eaton Corporation Inc

6.1.5 LUG Light Factory Sp. z o.o.

6.1.6 Terra Universal Inc

6.1.7 Solite Europe Ltd

6.1.8 Paramount Industries

6.1.9 Kenall Manufacturing.

6.1.10 AB Fagerhult

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/9ibhh5

View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005365/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: PHARMACEUTICAL SCIENCE HEALTH RESEARCH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/14/2019 07:05 AM/DISC: 11/14/2019 07:05 AM

http://www.businesswire.com/news/home/20191114005365/en