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Global Plasma Lighting Market: By Wattage: 300W, 700W, 1000W; By Component: Lightron, Waveguide, Bulb Assembly, Cavity Resonator; By Application: Roadways, Streets, and Tunnels, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Plasma Lighting Market Outlook

The global plasma lighting market stood at a value of around USD 351.8 million in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.61% to reach USD 461 million by 2026.

 

Global Plasma Lighting Market

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Horticulture Segment to Exhibit a Significant Growth in the Forecast Period

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.

 

Europe to Account for a Significant Share in the Plasma Lighting Industry

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: Market Segmentation

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.

 

Global Plasma Lighting Market by Segment

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On the basis of wattage, the industry can be segmented into:

  • 300W
  • 700W
  • 1000W

Based on component, the industry can be divided into:

  • Lightron 
  • Waveguide
  • Bulb Assembly
  • Cavity Resonator

Based on application, the industry can be categorised into:

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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Plasma Lighting Market by Region

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Rising Demand for Energy-Efficient Lighting Systems to Bolster the Growth of the Global Plasma Lighting Industry

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.

 

Key Industry Players in the Global Plasma Lighting Market

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:

  • Gavita International B.V. 
  • Ceravision Limited
  • Hive Lighting, Inc.
  • Pure Plasma Lighting Inc.
  • Saturn Overseas Trading LLC
  • Others

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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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    Industry Opportunities and Challenges
8    Global Plasma Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Plasma Lighting Historical Market (2017-2021) 
    8.3    Global Plasma Lighting Market Forecast (2022-2027)
    8.4    Global Plasma Lighting Market by Wattage
        8.4.1    300W
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    700W
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    1000W
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Plasma Lighting Market by Component
        8.5.1    Lightron
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Waveguide
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Bulb Assembly
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Cavity Resonator
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Plasma Lighting Market by Application
        8.6.1    Roadways, Streets, and Tunnels
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Industrial
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Horticulture
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Sports and Entertainment
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Others
    8.7    Global Plasma Lighting Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (851580)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Gavita International B.V.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Ceravision Limited
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Hive Lighting, Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Pure Plasma Lighting Inc.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Saturn Overseas Trading LLC
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments


List of Key Figures and Tables

1.    Global Plasma Lighting Market: Key Industry Highlights, 2016 and 2026
2.    Global Plasma Lighting Historical Market: Breakup by Wattage (USD Million), 2017-2021
3.    Global Plasma Lighting Market Forecast: Breakup by Wattage (USD Million), 2022-2027
4.    Global Plasma Lighting Historical Market: Breakup by Component (USD Million), 2017-2021
5.    Global Plasma Lighting Market Forecast: Breakup by Component (USD Million), 2022-2027
6.    Global Plasma Lighting Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Plasma Lighting Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Plasma Lighting Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Plasma Lighting Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Plasma Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Plasma Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Plasma Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Plasma Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Plasma Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Plasma Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
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

Key Questions Answered in the Report

In 2020, the global plasma lighting market attained a value of nearly USD 351.8 million.

The market is projected to grow at a CAGR of  4.61% between 2022 and 2027.

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.

Analyst Review

The global plasma lighting market attained a value of USD 351.8 million in 2020, 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 2022-2027, 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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