Cleanroom Lighting Market

Market Leadership - Cleanroom Lighting Market

The cleanroom lighting market is projected to reach USD 978 million by 2024 from USD 742 million in 2019, at a CAGR of 5.7%. Major drivers for the market’s growth are the requirement for a controlled environment with negligible levels of pollutants in manufacturing industries, and stringent regulatory framework in healthcare & food processing industries to prevent contamination of products. Furthermore, underlying opportunities for the cleanroom lighting market include growing economies in the Middle East to boost cleanroom lighting adoption and increasing demand for energy-efficient cleanrooms. Major restraints for the market are high cost associated with cleanrooms. Customized designs of cleanrooms and need for technical know-how pose major challenges to the cleanroom lighting market.

Signify Holding (Signify, Netherlands), Kenall Manufacturing. (Kenall Manufacturing, US), Wipro Enterprises (P) Ltd. (Wipro, India), Eaton Corporation plc (Eaton, Ireland), Crompton Greaves Ltd. (Crompton, India), LUG Light Factory Sp. z o.o. (LUG Light Factory, Poland), Solite Europe Ltd (Solite Europe, UK), Terra Universal. Inc. (Terra Universal, US), Paramount Industries, Inc. (Paramount, US), and Eagle Lighting Australia (Eagle Lighting, Australia) are some of the key participants of the cleanroom lighting market.

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Top 2 players in Cleanroom Lighting Market:

Signify (Netherlands)

Signify was formerly known as Philips Lighting. The company separated from Royal Philips on February 2016. The company has expertise in the development and manufacturing of energy-efficient lighting products and systems, along with providing related services. The company operates in four major segments, including Lamps, LED, Professional, and Home. The Lamp segment includes various non-LED-based lightings such as incandescent, halogen, fluorescent, and HID, along with electronic components (electronic ballasts and drivers). Signify Holdings is a well-recognized brand in the lighting business. Innovation in LED products is one of the six key strategic priorities of the company. The company offers a diversified portfolio of products related to cleanroom lighting. Its LED segment has shown a double-digit volume growth, representing 65% of the total sales in 2017, compared to 55% in 2016. This factor indicates the company’s promising growth and prevailing dominance in the cleanroom lighting market in the future.

WIPRO (India)

WIPRO operates its businesses through two main segments: Wipro Consumer Care and Lighting (WCCLG) and Wipro Infrastructure Engineering. WCCLG offers personal care products, lighting solutions, and office furniture, and Wipro Infrastructure Engineering provides hydraulic solutions for a wide range of applications, such as aerospace & defense, water & wastewater treatment, and 3D printing. WCCLG is among one of the fastest-growing fast moving consumer goods (FMCG) businesses in India. The LED lighting business of Wipro Lighting has flourished well over the years. The growth is attributed to the innovative and energy-efficient product offerings of the company for commercial applications. Wipro offers cleanroom lighting products through its Wipro Lighting subsidiary/division. The company provides a wide range of energy-efficient Cleanroom LED luminaires to cater to the hospitals; laboratories; and pharmaceuticals industry, food processing, and microelectrical industries.

Related Reports:

Cleanroom Lighting Market by Light Source (LED and Fluorescent), Offering (Hardware, Software, and Services), End User (Healthcare & Life Sciences, Industrial Manufacturing, Food & Beverages), Mounting Type, and Geography - Global Forecast to 2024

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Report Code
SE 7115
RI Published ON
5/24/2019
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