According to Plasma Lighting Market 2019 Global Industry Analysis To 2025 research report published by Market Research Future, The Global Plasma Lighting Market to grow at 7% CAGR and reach USD 2.0 Billion during 2019 to 2025. Plasma Lighting Market is segmented by Wattage (1000W, 700W and 300W), Distribution Channel (Retail and Commercial), Application (Street Lighting, Highways, Sports & Entertainment, Tunnel Lights, Horticulture and others) and Region – Forecast till 2025.
Plasma Lighting Market Key Players Analyzed In Report:
Ceravision (UK), Hive Lighting (US), KA Shui International Holdings (Hong Kong), Gavita (Netherlands), Green De Corp (Hong Kong), Griffin & Ray (UAE), Fusionlux (Luxembourg), Guangzhou Kaiming Industries (China), Birns (US), Solaronix (Switzerland), RFHIC Corporation (South Korea), and Pure Plasma Lighting (US)
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Plasma Lighting Market Synopsis:
The Global Plasma Lighting Market was valued at USD 290.42 Million in 2018; it is expected to reach USD 420.00 Million by the end of the forecast period at a CAGR of 5.4%.
Plasma lighting systems consist of electrodeless metal halide lamps that produce light from arc discharge operated under high pressure. Plasma lights are also known as light-emitting plasma and consist of full-spectrum light—from ultraviolet to infrared. As a long wattage lamp or bulb, they are highly energy-efficient and provide several benefits. The plasma lighting system typically includes some components such as lamps or emitters; these consist of light-emitting gas that operates under high pressure. An applicator is used for coupling power to the lamps, and high-frequency ballast such as magnetron generator or radio-frequency generator. Several plasma lighting systems require separate low voltage direct current power supply to provide power to high-frequency drivers. This DC power is mainly supplied by original equipment manufacturers to luminaire manufacturers for suitable DC power supplies.
The increasing demand for energy-efficient and long-lasting lights and growing adoption of indoor farming are expected to drive the plasma lighting market during the forecast period. However, high initial cost due to quality and energy-efficiency are expected to restrain the market growth during the forecast period.
Global Plasma Lighting Market Segmentation:
The Global Plasma Lighting Market has been segmented based on wattage, distribution channel, application, and region.
By wattage, the plasma lighting market has been segmented into 100 W, 700 W, and 300W.
Based on the distribution channel, the plasma lighting market has been segmented into retail and commercial.
By application, the plasma lighting market has been segmented into street lighting, highways, sports & Entertainment, tunnel lights, horticulture, and others.
By region, the plasma lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis of Plasma Lighting Market:
Globally, the plasma lighting market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe is expected to dominate the plasma lighting market during the forecast period. Government initiatives in favor of plasma lighting control systems and smart city initiatives are expected to dominate the plasma lighting market in this region.
Asia-Pacific is expected to be in the second position and grow at a faster rate during the forecast period due to various infrastructure development projects such as smart cities across the region. Countries such as China, Japan, South Korea, and India are expected to dominate the plasma lighting market during the forecast period.
North America is expected to occupy the third position in terms of market share due to the early adoption of the latest technologies and the presence of global players such as Hive Lighting Inc. The US is expected to dominate the plasma lighting market during the forecast period. However, the market in Canada is expected to grow at a higher rate during the forecast period.
The global plasma lighting market consists of various global, regional, and local service providers who are continuously evolving their product portfolio to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the global economic scenario combined with technological advancements in the emerging economies in India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time for the vendors to expand the plasma lighting market to untapped geographies and increase the market share.
- Component Manufacturers
- Semiconductor Vendors
- System Integrators
- Distribution Centers
- Software Developers
- Manufacturing Companies
- Research Institutes and Organizations
- Technology Standards Organizations
Table of Contents:
1 Executive Summary
1.1 Market Attractiveness
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Bargaining Power of Suppliers
4.1.5 Intensity of Rivalry
4.2 Value Chain/Supply Chain of Plasma Lighting
5 Market Dynamics
5.2 Growth Drivers
5.2.3 Driver Impact Analysis
5.3.2 Restraint Impact Analysis
6 Market Trends
8 Plasma Lighting Market, by Application
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