Plasma Lighting Market

SKU: DM1961 | Last Updated On: Jul 22 2022 | Available Formats

Plasma Lighting Market Expected to reach a high CAGR of 4.6% By 2029 | DataM Intelligence

Plasma Lighting Market is segmented By Application (Industrial, Horticulture, Sports & Entertainment, Roadways, Streets, and Tunnels), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

"Plasma Lighting Market" is expected to grow at a CAGR of 4.6% during the forecasting period (2022-2029).

Due to increasing demand for energy-efficient lighting systems all around the world will grow the market for Plasma Lighting in the forecast period. 

Plasma lighting systems are electrodeless metal halide lamps that produce light directly from an arc discharge operated under high pressure. The arc discharge is powered by a high-frequency electromagnetic field generated externally to the lamp. Many plasma lighting systems also require a separate low-voltage direct current (dc) power supply to provide power to the high-frequency driver.

The report covers all the major trends and drivers playing a key role in the growth of the Plasma Lighting market. The plasma Lighting market is segmented by Application and Region. 

By geography, the global Plasma Lighting market segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

Europe holds the largest market share for Plasma Lighting due to the rise in horticulture and gardening in the whole region. With countries like Romania and Poland have urban people more engaged in gardening. The people there are growing organic herbs and spices for their consumption, and there is a growing interest in the green living surroundings. The countries like Belgium which has a large market for its Azalea and Flemish bay plant have promising growth in indoor horticulture in the forecast period. For instance, Belgian horticulture, with Flanders as its main production region (approximately 90%), is known for its variety, tradition, professional skill, customized solutions, and quality. The showpieces of Belgian horticulture remain the azalea, tree nursery products, and chrysanthemums in pots. For over ten years already, the tree nursery has been the most important subsector with an international allure. However, the market position of Flanders’ indoor plants is also enviable.

North America after Europe in terms of the market share of Plasma Lightingdue to the rise in the commercial constructions, infrastructure developments, and also because of the upcoming supermarket and hypermarket construction will be the major drivers for the plasma lighting market in the region.

For instance, A sharp increase in construction of non-residential properties in the US drove much of that boost, and warehouse construction value surged 14 percent over the same period, the report said. Specifically, several significant warehouse projects - such as a $150 million facility near Birmingham, Alabama, and a $107 million multi-building complex in Fremont, California - were huge drivers of that national uptick in warehouse construction spending.

Market Dynamics

The global Plasma Lighting market is primarily driven by the demand for energy-efficient lighting systems. The rise in indoor farming all around which requires artificial lighting for the plants to grow and the plasma light has several advantages over other substitute lighting. The plasma light is more similar to the sunlight due to the broader spectrum of light emission by plasma. Hence plasma lighting has found the best use in indoor horticulture. Plasma lights offer the fullest spectrum of lighting and work through light-emitting plasma bulbs which energize a quartz bulb to generate a solid-state light source. Usage of plasma lamps can save more than 40% of energy, which in turn saves more than one-third of the electricity bills. Plasma lamps provide full-spectrum light with maintaining the level of efficiency and removing the limitation of dealing with a limited LED spectrum. Moreover, plasma lamps are twice as efficient as LED bulbs available in the market.

The growing construction of data centers activities all around the globe is the other reason for the plasma lighting market to have a positive impact. An increase in the computational powers of the system produces more heat and to have efficiency in the proper functioning of them requires adequate temperature, and hence the market will grow for Plasma Lighting in the forecast period as they produce less heat themselves. The rising power of data in today’s world is asking for a greater number of data centers to be built by various companies.

However, due to high initial cost and the number of low-cost substitutes available in the market are some of the factors that will be hampering the growth of Plasma Lighting in the forecast period.

Plasma Lighting Market Scope

Metrics

Details

Market CAGR

4.6%

Segments Covered

By Application, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Regions Analyzed

North America, Latin America, Europe, Middle East, Africa, Asia Pacific, and the Rest of the world.

Major Companies Covered

FzioMed, Inc., Amniox Medical, Inc., Human Regenerative Technologies, LLC, Amnio Technology, LLC, Derma Sciences, MiMedx Group, Inc, and among other major companies listed in the full report

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Market Segmentation

By Application, the global Plasma Lighting market is segmented into industrial, Horticulture, Sports & Entertainment, Roadways, Streets, and Tunnels, and Others. Industrial application has the dominant position in the Plasma Lighting market and is expected to retain its dominance in the forecasted period due to the increase in the number of commercial and industrial spaces across the globe. With the rise in the economies, there is an increase in commercial and industrial spaces all around the world which are asking for the energy-efficient lighting solution which is being fulfilled by the plasma lighting which has several advantages from its substitutes available in the market. It is expected that the Industrial application market will grow at a CAGR of ~XX% during the forecast period.

Competitive Analysis 

Key players are adopting strategies such as investing in R&D,new product launches, expansion in Technologyto stand out as strong competitors in the market. Global Plasma Lighting is a competitive market with the presence of various global and regional players in the market. The major playersCeravision Limited, Plasma International GmbH, Solaronix SA, Hive Lighting Inc, and Lumartix SA. Other key players in the market include Topanga Technologies Inc, Luxim Corporation, Ka Shui International Holdings, Griffin & Ray, and Guangzhou Kaiming Industries.

**The Plasma Lighting Market report would provide access to an approx., 90 market data table, 150 figures, and 200 pages.

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