Plasma Lighting Market Analysis, Trends, Demand, Revenue, Future Prospects, Competitive Landscape, Opportunities and Impact of COVID-19
Research Reports
Apr 18, 2022
Market Overview
The global plasma lighting market was worth USD 290.42 million in 2018. It is projected to be valued at USD 420 million by 2027. The market is expected to register a CAGR of 5.4% for the time period that this report covers.
Plasma lighting comes from pressurized metal halide lamps. Light energy is the result of pressurized electrons arranged in a semi-circular shape emitting energy. Many people also refer to plasma lighting as light-emitting plasma lamps.
These lamps emit light in all ranges of the light spectrum. These range from ultraviolet to infrared. These bulb lights emit a long-lasting and highly efficient beam of light. That’s why they’re used in many unique applications that need lots of intense and artificial lighting that’s high-energy. A good example of this is indoor farming.
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Segment overview
By wattage
This segment can be further grouped into the following sub-segments:
- 100 watts
- 300 watts
- 700 watts
By distribution channel
This segment can be further grouped into the following sub-segments:
- Retail
- Commercial
By application
This segment can be further grouped into the following sub-segments:
- Street lighting
- Highways
- Sports and entertainment
- Tunnel lights
- Horticulture
- Others
By region
The global plasma lighting market can be grouped into the following geographic regions:
- North America
- Europe
- Asia-Pacific
- The Middle East and Africa
- South America
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Regional analysis
The European Union is expected to have the greatest market share for the time period that this report covers. There are many reasons for this. One is the fact that many governments across the European Union have been encouraging plasma control systems in newer and older cities. Many governments in the European Union have also been encouraging the growth of smart cities. These require the usage of smart lighting to function properly. The European Union (not surprisingly) has the greatest market share of all of the regions in the world for the time being.
The Asia-Pacific region is expected to hold second place in the global plasma lighting market. This region is expected to register one of the highest CAGRs for the time period that this report covers. One of the reasons for this is that the infrastructure in the Asia-Pacific region is developing at a rapid pace. This requires the usage of plasma lighting to do well.
There are many nations that are expected to dominate the plasma lighting market in the Asia-Pacific region. These are China, Japan, South Korea, and India.
The North American region is expected to have the third-largest market share for the time period that this report covers. The reasons for this are that the region has been among the first in the world to adopt many of the advanced technologies needed to support plasma lighting. Also, there are many key players in the market. This has also given the North American region an unfair but sustainable competitive advantage.
The United States of America may have the largest market share for the time period that this report covers, but Canada is expected to register a higher CAGR.
Industry news
- Ceravision recently introduced better plasma lighting. It uses technologies that will help crops grow faster and healthier. It will also result in greater crop yield.
- Pure Plasma Lighting recently launched a technologically advanced product that will result in better horticulture.
Competitive Landscape:
The global market report on the plasma lighting market includes a proper understanding of the impact of latest steps taken by eminent companies like A Shui International Holdings (Hong Kong), Hive Lighting (US), Green De Corp (Hong Kong), RFHIC Corporation (South Korea), Gavita (Netherlands), Fusionlux (Luxembourg), Griffin & Ray (UAE), Birns (US), Solaronix (Switzerland), Guangzhou Kaiming Industries (China), and Pure Plasma Lighting (US). Strategic deals employed by these companies are expected to inspire some changes in the market and it may help in creating a solid foundation for the market to grow in the future. Among major steps, merger, collaboration, innovation, branding, funding for research and development projects, support from competitors, acquisition, and others are expected to back changes in the market.
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https://semiconductormarket.seesaa.net/article/486661416.html?1650017103
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