Market for Plasma Lighting Industry is segmented by Wattage (1000W, 700W and 300W), By Distribution Channel (Retail and Commercial), By Application (Street Lighting, Highways, Sports & Entertainment, Tunnel Lights, Horticulture and others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
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 Insights:
Plasma lights leverage arc discharge under high pressure for producing light. It offers many advantages which have led to its constantly increasing applications. Market Research Future MRFR’s findings suggest that the global plasma lighting market is projected to strike 5.4% over the evaluation period 2019 to 2025. Increasing Indoor Investments in Indoor Farming to Expand Plasma Lighting Market. Rising Demand for Smart City Initiatives to Expand Plasma Lighting Market.
The plasma lamp offers energy efficiency which is one of the factors that has helped the product is gaining popularity over time. It is widely used in industrial applications for illumination. The mandates issues by governments regarding the complete illumination of the industries that are dark and perilous. These factors have boosted the growth of the plasma lighting market. It is anticipated to witness similar trend over the next couple of years. Also, the governments are investing in plasma lighting for electrification projects. The replacement of street lights with energy-efficient lighting technologies is expected to drive market growth on the global front in the upcoming years.
Plasma grow lighting are full-spectrum lights – infrared to ultraviolet. These lights are closes to imitating sunlight which is prognosticated to support the expansion of applications, thus supporting plasma lighting market growth. It is extensively used for creating fake sunlight used in horticulture and indoor farming. The light can provide enough energy for the plants to carry on photosynthesis. This is one of the crucial drivers of the plasma lighting market. It is projected to accelerate revenue generation for the market players owing to rising investments in indoor farming and horticulture. Meanwhile, the high initial cost is an impediment to market growth.
Plasma Lighting Market Market Segments Insights:
On the basis of wattage, the plasma lighting market has been segmented into100 W, 700 W, and 300W.
The segments of the plasma lighting market, on the basis of distribution channel, are – commercial and retail.
The segmental analysis of the plasma lighting market on the basis of application covers horticulture, street lighting, sports & Entertainment, highways, tunnel lights, and others.
Plasma Lighting Market Regional Insights:
This report presents a comprehensive geographical analysis of the global plasma lighting market that identifies five major regional segments. These regions are – North America, the Middle East & Africa (MEA), Europe, South America, and Asia Pacific (APAC). A detailed assessment of the country-based markets in these regions is also covered in the analysis. Europe is anticipated to dominate the expansion of the plasma lighting market in the foreseeable future. The rising initiatives and investments by the governments in the region for building smart cities is expected to drive the growth of the market.
Asia Pacific is poised to trail Europe in terms of revenue generation while reflecting a higher CAGR. The region is also observed to invest in smart cities. It is expected to expand the plasma lighting market in the upcoming years. South Korean, China, and Japan are likely to capture significant share of the regional market over the assessment period.
Competitive Dashboard:
The market is dominated by a few key players and is likely to witness an influx of new participants. The untapped potential of the plasma lighting market is expected to attract these new entrants in the years to come. It is also presumed to attract investments in emerging technologies by key players for staying abreast of advancements in technology. In order to sustain the curve, market players are presumed to resort to strategies such as product development, agreements, collaborations, mergers and acquisitions, innovations, partnerships and alliances. Also, regional expansion for enhancing market positions is prognosticated to intensify competition in the global plasma lighting industry.
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
5.1 Introduction
5.2 Growth Drivers
5.2.1 Increasing Demand For Energy-Efficient And Long-Lasting Lights
5.2.2 Growing Adoption Of Indoor Farming
5.2.3 Driver Impact Analysis
5.3 Restraints
5.3.1 High Initial Cost Due To Quality And Energy-Efficiency
5.3.2 Restraint Impact Analysis
5.4 Challenges
5.5 Opportunities
Continued…
LIST OF TABLES
Table 1 Global Plasma Lighting Market, By Wattage, 2019–2025
Table 2 Global Plasma Lighting Market, By Distribution Channel, 2019–2025
Table 3 Global Plasma Lighting Market, By Application, 2019–2025
Table 4 Global Plasma Lighting Market, By Region, 2019–2025
Table 5 North America: Plasma Lighting Market, By Country, 2019–2025
Table 6 North America: Plasma Lighting, Market, By Wattage, 2019–2025
Table 7 North America: Plasma Lighting, Market, By Distribution Channel, 2019–2025
Table 8 North America: Plasma Lighting, Market, By Application, 2019–2025
Table 9 US: Plasma Lighting Market, By Wattage, 2019–2025
Table 10 US: Plasma Lighting Market, By Distribution Channel, 2019–2025
Table 11 US: Plasma Lighting Market, By Application, 2019–2025
Table 12 Canada: Plasma Lighting, Market, By Wattage, 2019–2025
Continued….
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