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The global plasma lighting market stood at a value of around USD 384.98 million in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 4.61% to reach USD 504.48 million by 2028.
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Based on application, the horticulture segment is predicted to have a significant growth in the forecast period owing to the rise in demand for plasma lighting systems in countries with harsh winter climatic conditions, as these lights enable crops to grow even in the absence of natural light/sunlight. Plasma lighting systems have the ability to mimic sunlight, and, thus, can improve photosynthesis in plants.
The Europe plasma lighting industry is expected to witness a significant growth in the forecast period owing to the increasing use of plasma lights for cultivation. Additionally, the government initiatives to encourage the adoption of plasma lighting that offers energy-efficient lighting solutions and reduced costs are expected to create more opportunities for the growth of the market in the region. Moreover, infrastructural advancements and smart city initiatives are further expected to propel the growth of the plasma lighting industry in Europe in the forecast period.
Plasma lighting is an electrodeless metal halide lamp that produces 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 require a separate low voltage direct current power supply to provide power to the high frequency driver.
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On the basis of wattage, the industry can be segmented into:
Based on component, the industry can be divided into:
Based on application, the industry can be categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global plasma lighting industry has been growing considerably for the last few years. The market growth is driven by factors such as the rising demand for energy-efficient lighting systems and the increasing infrastructure development activities in emerging economies. Usage of plasma lamps can save more than 40% of energy without sacrificing light output and quality. Furthermore, these solutions do not emit carbon dioxide. Additionally, the growing number of indoor farms equipped with plasma lighting, which seeks to mimic the spectral output of the sun and create a more balanced ecosystem to produce healthier plants that are more disease and pest resistant, coupled with the rising demand for light emitting plasma (LEP) in large outdoor areas, is propelling the growth of the market. Moreover, an LEP bulb has a lifespan of at least 30,000 hours and can last as long as 40,000 hours, and is non-toxic, with no mercury or other heavy metal toxins contained within the plasma lighting system.
The report gives a detailed analysis of the following key players in the global plasma lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Wattage, Component, Application, Region |
Breakup by Wattage | 300W, 700W, 1000W |
Breakup by Component | Lightron, Waveguide, Bulb Assembly, Cavity Resonator |
Breakup by Application | Roadways, Streets, and Tunnels, Industrial, Horticulture, Sports and Entertainment, Others |
Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | Gavita International B.V., Ceravision Limited, Hive Lighting, Inc., Pure Plasma Lighting Inc., Saturn Overseas Trading LLC, Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Plasma Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Plasma Lighting Historical Market (2018-2022)
8.3 Global Plasma Lighting Market Forecast (2023-2028)
8.4 Global Plasma Lighting Market by Wattage
8.4.1 300W
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 700W
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 1000W
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Plasma Lighting Market by Component
8.5.1 Lightron
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Waveguide
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Bulb Assembly
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Cavity Resonator
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.6 Global Plasma Lighting Market by Application
8.6.1 Roadways, Streets, and Tunnels
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Horticulture
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Sports and Entertainment
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Plasma Lighting Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Plasma Lighting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Plasma Lighting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Plasma Lighting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Plasma Lighting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Plasma Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 851580)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Gavita International B.V.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Ceravision Limited
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hive Lighting, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Pure Plasma Lighting Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Saturn Overseas Trading LLC
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Plasma Lighting Market: Key Industry Highlights, 2018 and 2028
2. Global Plasma Lighting Historical Market: Breakup by Wattage (USD Million), 2018-2022
3. Global Plasma Lighting Market Forecast: Breakup by Wattage (USD Million), 2023-2028
4. Global Plasma Lighting Historical Market: Breakup by Component (USD Million), 2018-2022
5. Global Plasma Lighting Market Forecast: Breakup by Component (USD Million), 2023-2028
6. Global Plasma Lighting Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Plasma Lighting Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Plasma Lighting Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Plasma Lighting Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Plasma Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Plasma Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Plasma Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Plasma Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Plasma Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. Global Plasma Lighting Market Structure
In 2022, the global plasma lighting market attained a value of nearly USD 384.98 million.
The market is projected to grow at a CAGR of 4.61% between 2023 and 2028.
A growing number of indoor farms equipped with plasma lighting across the globe, increasing demand for energy efficient lights, rising demand for light emitting plasma (LEP) in large outdoor areas, and government initiatives are expected to propel growth of the market over the forecast period.
The key market trends guiding the growth of the industry include the increasing infrastructure development activities in emerging economies and growing urban population.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
On the basis of wattage, the industry can be segmented into 300W, 700W, and 1000W.
Based on component, the industry can be divided into lightron, waveguide, bulb assembly, and cavity resonator.
The application sectors include roadways, streets, and tunnels, industrial, horticulture, and sports and entertainment, among others.
The major players in the industry are Gavita International B.V., Ceravision Limited, Hive Lighting, Inc., Pure Plasma Lighting Inc, and Saturn Overseas Trading LLC, among others.
The global plasma lighting market attained a value of USD 384.98 million in 2022, driven by the growing number of indoor farms equipped with plasma lighting across the globe. Aided by increasing demand for energy efficient lights and increasing infrastructure development activities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.61%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market on the basis of wattage can be divided into 300W, 700W and 1000W. Based on component, the industry can be segmented into lightron, waveguide, bulb assembly, and cavity resonator. On the basis of applications, the market can be categorised into roadways, streets, and tunnels, industrial, horticulture, and sports and entertainment, among others. The major regional markets for global plasma lighting industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Gavita International B.V., Ceravision Limited, Hive Lighting, Inc., Pure Plasma Lighting Inc, and Saturn Overseas Trading LLC, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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