Global Plasma Lighting Market – Industry Trends and Forecast to 2029

Plasma Lighting Market Analysis and Size

The future global economy is expected to consume more energy, significantly as developing countries such as China and India increase their energy demand. Furthermore, the risk of climate change associated with the use of fossil fuels has made energy supply increasingly tricky. Growing demand for plasma lighting in display devices, as well as the energy efficiency offered by these devices, are some factors influencing the studied market's growth trajectory.

Data Bridge Market Research analyses that the plasma lighting market which was growing at a value of 352.87 million in 2021 and is expected to reach the value of USD 547.74 million by 2029, at a CAGR of 5.65% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Plasma Lighting Market Scope and Segmentation

Market Definition

LEP is another name for plasma lighting (light-emitting plasma). Plasma lights are gas discharge and electrodeless lamps that inflame plasma contained in a transparent bulb using radio frequency (RF) power. Plasma lighting is a type of component halide light that does not have an electrode and produces light directly from an arc discharge produced under high load. They are marketed as high-efficiency plasma (HEP), advanced plasma lighting (APL), or light-emitting plasma (LEP) systems, among others. The plasma lighting design maintains an optimal thermodynamic power scale, allowing for maximum plasma output while keeping the light wall at a safe operating temperature. Plasma lights provide the broadest spectrum of illumination and work by stimulating a quartz bulb with light-emitting plasma tubes to create a stable state light source.

Global Plasma Lighting Market Dynamics

Drivers

• Cost effective and environmental friendly

The demand for energy-efficient lighting systems drives the global plasma lighting market. There is an increase in indoor farming all over the place, which necessitates artificial lighting for plants to grow, and the plasma light has several advantages over other substitute lighting. Because plasma emits a broader spectrum of light, its light is more similar to sunlight. Plasma lights provide the broadest range of lighting and operate via light-emitting plasma bulbs that energize a quartz bulb to produce a solid-state light source. Plasma lamps can save more than 40% of energy, saving more than one-third of the electricity bill.

• Rapid need of data centres around the world

Another factor driving the growth of the plasma lighting market is the increasing construction of data centers around the world. An increase in the computational powers of the system generates more heat, and proper functioning requires adequate temperature, so the market for plasma lighting will grow during the forecast period as they generate less heat. The increasing power of data in today's world necessitates the construction of more data centers by various companies.

Opportunities

• Advancement in RF technology

RF plasma lighting refers to advancements in RF power technology, such as increased power levels, cost structure, and ruggedness. RF plasma lighting offers several advantages over traditional calibration sources. Unlike standard high-intensity discharge lights, this technology does not require any additional electrodes in the bulb. RF plasma lighting experts employ a small, electrodeless quartz light bulb containing metal halide mixtures.

Restraints

• High Pricing

The increase in the initial costs of superior quality and energy-efficient plasma lights is also expected to impede the growth of the plasma lighting market over the forecast period. The price increase included the substitution of traditional lights for plasma lights, which may pose a further challenge to the growth of the plasma lighting market in the near future.

This plasma lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plasma lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Plasma Lighting Market

The COVID 9 has impacted production rates, supply chain, demand, and supply ratios in various industrial verticals. Due to the imbalance in demand and supply, the manufacturers of quantum dots were also greatly impacted by the pandemic. The retail and commercial sectors were severely impacted by the pandemic, but have recently experienced growth as governments in various countries relaxed norms and regulations. Following the pandemic, the demand for displays and advertising is increasing; these factors are expected to drive the growth of the Quantum Dots Market during the forecast period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In February 2019 Nanosys successfully printed displays in their laboratories using ink jet technology, demonstrating its revolutionary quantum efficiency for heavy metal-free red, green, and blue QDEL systems. This is a significant advancement in quantum dot engineering for the next decade.

Global Plasma Lighting Market Scope

The plasma lighting market is segmented on the basis of component, application and wattage. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Lightron
• Waveguide
• Bulb Assembly
• Cavity Resonator

Wattage

• 300W
• 700W
• 1,000W

Application

• Sports and Entertainment
• Roadways
• Streets and Tunnels
• Industrial Horticulture
• Others

Plasma Lighting Market Regional Analysis/Insights

The plasma lighting market is analyzed and market size insights and trends are provided by country, component, application and wattage as referenced above.

The countries covered in the plasma lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the plasma lighting market because of the use of plasma lights for cultivation. Furthermore, the presence of major key players will boost the region's plasma lighting market growth during the forecast period.

North America is expected to see significant growth in the lighting market because of the increase in commercial constructions. Furthermore, infrastructure advancements and upcoming supermarket and hypermarket construction are expected to drive the region's plasma lighting market growth in the coming years.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Plasma Lighting Market Share Analysis

The plasma lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plasma lighting market.

Some of the major players operating in the plasma lighting market are:

• Zumtobel Group AG (Austria)
• Eaton (Ireland)
• Dialight. (U.K.)
• Advanced Lighting Technologies, LLC (U.S.)
• AIXTRON (Germany)
• OSRAM SYLVANIA Inc. (U.S.)
• TOYODA GOSEI Co., Ltd. (Japan)
• Digital Lumens, Inc. (U.S.)
• Emerson Electric Co. (U.S.)
• Signify Holding. (Netherlands)
• General Electric (U.S.)
• Schneider Electric (France)
• ACUITY BRANDS LIGHTING, INC. (U.S.)
• Hubbell (U.S.)
• Ushio America, Inc. (U.S.)
• Litetronics International, Inc. (U.S.)
• Cree Lighting. (U.S.)
• LG INNOTEK. (South Korea)
• Leviton Manufacturing Co., Inc. (U.S.)

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