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Arc-Based Plasma Lighting Market Research Report Information By Light Source (Xenon Arc Lamps, Metal Halide Lamps, Krypton Arc Lamps, Mercury Vapor Lamps, and Deuterium Lamps), By Wattage Type (Below 500 W, 501 W to 1500 W, and Above 1500 W), By Application (Entertainment & Projection, Searchlight & Spotlight, Solar Simulation and Environmental Testing, Spectroscopy, Medical Lighting, Microscopic Lights, UV Applications, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) 鈥揑ndustry Forecast Till 2032

ID: MRFR/SEM/20466-HCR | 128 Pages | Author: Ankit Gupta| June 2024

Global Arc-Based Plasma Lighting Market Overview

Arc-Based Plasma Lighting Market Size was valued at USD 0.62 Billion in 2023. The arc-based plasma lighting market industry is projected to grow from USD 0.63 Billion in 2024 to USD 0.75 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.50% during the forecast period (2024 - 2032). Increasing demand for energy-efficient lighting solutions, long lifespan, and high color rendering index (CRI) are the key market drivers enhancing the market growth.

Arc-based Plasma Lighting Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Arc-Based Plasma Lighting Market Trends

  • Increasing demand for energy-efficient lighting solutions is driving the market growth.

Market CAGR reflects the escalating demand for energy-efficient lighting solutions, driving increased sales. Businesses and consumers are prioritizing sustainability, prompting a shift towards lighting options that minimize energy consumption. This movement is strengthened by regulatory actions and increasing ecological awareness. Lighting solutions that save energy not only cut down on operational expenses but also match corporate goals for sustainability. As a result, companies providing such solutions, like arc-based plasma lighting, are experiencing a notable increase in interest. This heightened attention arises from the enduring economic advantages and ecological concerns linked with energy-saving lighting, establishing it as the favored option in the changing market scenery.

The emphasis on attaining a high Color Rendering Index (CRI) serves as a significant catalyst for sales growth in the lighting sector. Consumers are showing a growing preference for lighting options that accurately represent colors, thereby enhancing the overall visual aesthetics and ambiance. Particularly in environments like retail, hospitality, and art exhibitions, where color fidelity is paramount, high CRI lighting holds significant value. The capability to faithfully replicate colors ensures that products, artwork, and surroundings appear vivid and lifelike, influencing purchasing behaviors and customer contentment. Consequently, lighting manufacturers offering advanced CRI options, such as arc-based plasma lighting, are witnessing heightened demand as businesses and consumers seek out superior lighting solutions to enrich their surroundings.

The focus on extended durability in lighting solutions emerges as a pivotal factor propelling sales forward. Both consumers and businesses now grasp the economic advantages linked with investing in lighting systems boasting prolonged longevity. Such extended lifespan equates to diminished maintenance expenses and downtimes, translating into substantial savings throughout the product's lifecycle. This characteristic holds particular allure within commercial and industrial environments, were uninterrupted operation and dependability reign supreme. Moreover, the guarantee of a longer-lasting product fosters confidence among purchasers, consequently elevating adoption rates. Consequently, lighting manufacturers spotlighting durability, such as those offering arc-based plasma lighting, observe escalated demand and enhanced sales performance. Thus, driving the arc-based plasma lighting market revenue.

Arc-based Plasma Lighting Market Segment Insights

Arc-based plasma lighting Light Source Insights

The Arc-Based Plasma Lighting Market segmentation, based on the light source, includes xenon arc lamps, metal halide lamps, krypton arc lamps, mercury vapor lamps, and deuterium lamps. In 2023, the xenon arc lamps segment dominated the market, accounting for 42% of market revenue (0.26 Billion). Sales of xenon arc lamps are poised to increase due to their superior performance in various applications, including entertainment, automotive lighting, and solar simulation. Their broad spectrum, high intensity, and long lifespan make them a preferred choice for diverse industries.

Arc-based plasma lighting Wattage Type Insights

The Arc-Based Plasma Lighting Market segmentation, based on wattage type, includes below 500 W, 501 W to 1500 W, and Above 1500 W. In 2023, the below 500 W generated the most income (54%). Sales of lighting solutions below 500 W are set to rise due to their versatility and suitability for a wide range of applications, from residential to commercial settings. Additionally, their energy efficiency and cost-effectiveness drive adoption across diverse markets.

Figure 1: Arc-Based Plasma Lighting Market, by Wattage Type, 2023 & 2032 (USD Billion)

Arc-Based Plasma Lighting Market, by Wattage Type

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Arc-based plasma lighting Application Insights

The Arc-Based Plasma Lighting Market segmentation, based on application, includes entertainment & projection, searchlight & spotlight, solar simulation and environmental testing, spectroscopy, medical lighting, microscopic lights, UV applications, and others. In 2023, the entertainment & projection generated the most income (33%). Sales of lighting solutions for Entertainment & Projection are expected to surge as demand grows for immersive experiences in cinemas, theaters, and events. Additionally, advancements in projection technology and expanding entertainment industries globally fuel the need for high-performance lighting solutions.

Arc-based plasma lighting Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The arc-based plasma lighting market is set for dominance in North America, propelled by multiple factors. The region flaunts a sturdy economy, vigorous infrastructure growth, and rigorous energy efficiency regulations. Furthermore, a notable degree of technological advancement and substantial investments in research and development bolster its standing. Additionally, North America's wide-ranging applications, spanning entertainment, horticulture, and industrial sectors, drive substantial demand for arc-based plasma lighting solutions, cementing its supremacy in the market.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2: Arc-Based Plasma Lighting Market Share By Region 2023 (USD Billion)

Arc-Based Plasma Lighting Market Share By Region

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe arc-based plasma lighting market accounts for the second-largest market share due to urbanization & infrastructure development, and technological advancements. Further, the German arc-based plasma lighting market held the largest market share, and the UK arc-based plasma lighting market was the fastest growing market in the European region.

The Asia-Pacific Arc-based plasma lighting Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to regulatory initiatives and demand for specialty lighting. Moreover, China’s arc-based plasma lighting market held the largest market share, and the Indian arc-based plasma lighting market was the fastest growing market in the Asia-Pacific region.

Arc-based Plasma Lighting Key Market Players & Competitive Insights

Leading market players in the arc-based plasma lighting industry are driving innovation and market developments through strategic partnerships, product launches, and acquisitions. These key players are actively investing in research and development to enhance product efficiency, lifespan, and performance, catering to the evolving demands of the global arc-based plasma lighting industry. Insights from competition underscore a landscape marked by fierce rivalry as firms strive to broaden their reach, diversify product offerings, and harness cutting-edge technologies for a competitive edge. Furthermore, partnerships with research institutions and governmental entities to explore novel applications and enhance sustainability efforts bolster the competitiveness of the arc-based plasma lighting industry. Overall, these dynamics underscore the dynamic nature of the market and the efforts of key players to maintain their positions and capitalize on emerging opportunities.

Major players in the arc-based plasma lighting market, including ams-OSRAM AG, Signify Holding, Ushio Inc., Excelitas Technologies Corp., Hamamatsu, and others, are attempting to increase market demand by investing in research and development operations.

ams OSRAM AG, previously recognized as ams AG, specializes in crafting analog ICs, sensors, and sensing solutions. Their diverse product lineup encompasses sensor ICs, interfaces, and an array of technological offerings, including 3D sensors, audio systems, and capacitive and CMOS imaging sensors. Furthermore, they pioneer smart lighting, power management systems, and ASIC solutions. The company introduces cutting-edge technology solutions like Micro Lens Array for compact projectors and VCSEL for in-cabin sensing and facial recognition, alongside LiDAR technology. Catering to consumer, communications, industrial, medical, and automotive sectors, ams globally markets its products through distribution partners spanning Europe, Asia Pacific, Africa, and the Americas. Their headquarters are situated in Unterpremstaetten, Austria.

Signify NV, renowned for its lighting innovations, provides a wide range of lighting solutions, including incandescent, fluorescent, halogen, LED, and specialty options. Furthermore, the company offers integrated lighting systems and comprehensive light management services, encompassing design, engineering, and remote monitoring functionalities. Marketed under various brands such as Philips, Interact, Philips Hue, and Luceplan, Signify serves diverse sectors globally, from commercial, office, and hospitality spaces to retail, industrial, and outdoor settings. With a presence across the Americas, Europe, the Middle East, Africa, and Asia Pacific, Signify's global headquarters are situated in Eindhoven, the Netherlands.

Key Companies in the Arc-based plasma lighting Market Include

  • ams-OSRAM AG

  • Signify Holding

  • Ushio Inc.

  • Excelitas Technologies Corp.

  • Hamamatsu

Arc-based plasma lighting Industry Developments

October 2023: ams OSRAM broadened its acclaimed lineup of LED retrofit lamps by introducing the OSRAM NIGHT BREAKER H1-LED. This street-approved innovation enables drivers to legally, conveniently, and affordably convert their traditional H1 halogen low-beam and high-beam headlights to advanced LED technology.

January 2024: Excelitas Technologies will relocate its headquarters to Pittsburgh, a move expected to generate over 250 jobs within the next four years. The company, currently based in Waltham, Massachusetts, has committed to a 12-year lease for a space in the Strip District on Railroad Street. The company received a funding proposal of $2.3 million from the Department of Community and Economic Development, signaling a significant investment in Pennsylvania's economic development.

Arc-based Plasma Lighting Market Segmentation

Arc-Based Plasma Lighting Light Source Outlook

  • Xenon Arc Lamps

  • Metal Halide Lamps

  • Krypton Arc Lamps

  • Mercury Vapor Lamps

  • Deuterium Lamps

Arc-Based Plasma Lighting Wattage Type Outlook

  • Below 500 W

  • 501 W to 1500 W

  • Above 1500 W

Arc-Based Plasma Lighting Application Outlook

  • Entertainment & Projection

  • Searchlight & Spotlight

  • Solar Simulation and Environmental Testing

  • Spectroscopy

  • Medical Lighting

  • Microscopic Lights

  • UV Applications

  • Others

Arc-Based Plasma Lighting Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 0.62 Billion
Market Size 2024 USD 0.63 Billion
Market Size 2032 USD 0.75 Billion
Compound Annual Growth Rate (CAGR) 2.50% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Light Source, Wattage Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea
Key Companies Profiled ams-OSRAM AG, Signify Holding, Ushio Inc., Excelitas Technologies Corp., and Hamamatsu
Key Market Opportunities 路聽聽聽聽聽聽聽聽 Growing Demand for Sustainable Lighting Solutions 路聽聽聽聽聽聽聽聽 Technological Advancements 路聽聽聽聽聽聽聽聽 Expanding Applications
Key Market Dynamics 路聽聽聽聽聽聽聽聽 Energy Efficiency 路聽聽聽聽聽聽聽聽 Urbanization and Infrastructure Development 路聽聽聽聽聽聽聽聽 Focus on Human-centric Lighting

Frequently Asked Questions (FAQ) :

The Arc-Based Plasma Lighting Market size was valued at USD 0.62 Billion in 2023.

The global market is projected to grow at a CAGR of 2.50% during the forecast period, 2024-2032.

North America had the largest share in the global market

The key players in the market are ams-OSRAM AG, Signify Holding, Ushio Inc., Excelitas Technologies Corp., and Hamamatsu, among others.

Entertainment & projection dominated the market in 2023.

The below 500 W had the largest share in the global market.

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