Plasma Lighting Market Size was valued at USD 0.4 Billion in 2022. The Plasma Lighting market industry is projected to grow from USD 0.42 Billion in 2023 to USD 0.64 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2023 - 2032). Energy efficiency, longevity and durability, high-quality light output, environmental benefits, versatility of applications, technological advancements, government initiatives and regulations, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Plasma lighting has become increasingly popular, and one of the main reasons is its energy efficiency. Energy conservation is a major concern in the modern world because of things like rising energy prices, environmental sustainability, and increased electricity demand. Compared to conventional lighting technologies, plasma lighting delivers a high level of energy efficiency, making it a desirable option for a variety of applications. Being able to produce more lumens per watt is one of the plasma lighting system's primary energy-efficiency features. Watts represent the amount of electrical power used, whereas lumens measure the total quantity of visible light emitted by a light source. Compared to conventional lighting sources like incandescent or fluorescent lights, plasma lighting systems are known to produce more lumens per watt. This implies that plasma lighting may produce the same degree of brightness while consuming less electricity, saving a considerable amount of energy.
Plasma lighting's energy economy is crucial in large-scale applications like street lighting, where several lights are used continuously for extended periods of time. Municipalities and organizations can significantly cut their energy use, resulting in cheaper utility costs, by switching to plasma lighting from conventional lighting methods. Furthermore, plasma lighting systems' longer lifespan further improves their energy efficiency. Plasma lighting can last up to 100,000 hours, which means it needs to be replaced less frequently than traditional lighting, saving even more money and energy. Plasma lighting's capacity to produce directional illumination is another feature that boosts its energy efficiency. Plasma lighting devices can be made to emit light in particular directions, reducing wastage and enhancing the lighting effectiveness in specific locations. In applications like outdoor lighting, where accurate illumination is essential, this characteristic is very beneficial. Plasma lighting increases energy efficiency and reduces light pollution by directing light where it is needed and minimizing light spillage.
Plasma lighting systems can provide quick warm-up and restart times. Plasma lighting can offer immediate and dependable illumination, unlike certain conventional lighting technologies that need warm-up times or exhibit delays when relit after a power outage. Applications that require fast and steady lighting, such sports arenas, parking lots, and security lights, benefit greatly from this property. Plasma lighting improves energy economy by assuring efficient use of electricity at all times by doing away with warm-up and downtime periods. Plasma lighting's energy efficiency supports international initiatives to cut greenhouse gas emissions and prevent climate change. Plasma lighting systems help reduce carbon dioxide emissions from the production of electricity since they use less energy. Plasma lighting is a desirable alternative for people, companies, and governments wishing to lessen their carbon footprint due to its reduced environmental impact.
Additionally, numerous governing organizations and regulatory agencies around the world have adopted laws to encourage the adoption of energy-efficient lighting solutions in recognition of the significance of energy efficiency. Plasma lighting is promoted by incentives, subsidies, and energy-saving initiatives in both home and commercial settings. These programs further the commercial expansion of plasma lighting and foster an environment that is conducive to its widespread adoption. Therefore, energy efficiency is a key factor in the development and uptake of plasma lighting. Significant energy savings are made possible by its capacity to produce more lumens per watt, prolonged lifespan, directed illumination, and quick warm-up and restrike periods. Plasma lighting's energy efficiency supports international efforts to conserve energy and lowers greenhouse gas emissions. Plasma lighting is gaining popularity as an energy-efficient lighting option in a variety of applications thanks to regulations and government activities that support it and provide both financial and environmental advantages. Thus, driving the Plasma Lighting market revenue.
The Plasma Lighting Market segmentation, based on Wattage includes 300W, 700W, and 1,000W. The 700W segment dominated the market, accounting for 45.35% of market revenue. Plasma lighting fixtures in the 700W range may be appropriate for use in industrial facilities, parking lots, sports stadiums, and large-scale outdoor events.
The Plasma Lighting Market segmentation, based on distribution channel, includes Retail, Commercial. The retail category generated the most income. The demand for plasma lighting products is largely driven by retail clients, which includes individual consumers and small enterprises.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Plasma Lighting Market segmentation, based on Application, includes Sports and Entertainment, Roadways, Streets and Tunnels, Industrial Horticulture, Others. The sports and entertainment category generated the most income. Lighting options for stadiums, arenas, sports fields, and other entertainment facilities are part of the sports and entertainment segment. Plasma lighting is a good choice for these applications since it can provide high-quality, natural-looking light and has outstanding color rendering capabilities.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Plasma Lighting Market dominated this market in 2022 (45.80Government programs promoting energy efficiency and environmentally friendly lighting options have significantly fueled the plasma lighting business in North America. In the United States, initiatives like the Energy Policy Act and the Energy Independence and Security Act promote the use of energy-efficient lighting technology, such as plasma lighting. Further, the U.S. Plasma Lighting market held the largest market share, and the Canada Plasma Lighting market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Plasma Lighting market accounts for the second-largest market share. With initiatives like the Ecodesign Directive and the Energy Performance of Buildings Directive, Europe has been at the forefront of energy efficiency standards. These laws encourage the use of energy-saving lighting options and encourage the use of plasma lighting in a variety of settings. Further, the German Plasma Lighting market held the largest market share, and the UK Plasma Lighting market was the fastest growing market in the European region
The Asia-Pacific Plasma Lighting Market is expected to grow at the fastest CAGR from 2023 to 2032. Particularly in nations like China and India, the APAC area is seeing a tremendous urbanization and infrastructure development. This development fuels the adoption of plasma lighting by creating a significant demand for effective and environmentally friendly lighting solutions across a range of industries, including roads, public areas, and industrial sites. Moreover, China’s Plasma Lighting market held the largest market share, and the Indian Plasma Lighting market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Plasma Lighting market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Plasma Lighting industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Plasma Lighting industry to benefit clients and increase the market sector. In recent years, the Plasma Lighting industry has offered some of the most significant advantages to medicine. Major players in the Plasma Lighting market, including 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), Pure Plasma Lighting (US), Topanga Asia Limited (Topanga) (China), and others, are attempting to increase market demand by investing in research and development operations.
Investment holding company Ka Shui International Holdings Ltd. (Ka Shui International). It produces and sells die castings made of magnesium, zinc, and aluminum alloys, as well as components and products for plastic injection molding and lighting. The company offers solutions for the home, communications, consumer electronics, computers, automotive, and lighting sectors. Additionally, it provides a range of services, such as supply chain management, surface treatment, CNC machining, plastic injection molding, die casting, design conceptualization, and tool design and building. The business has operations in China, the US, and Hong Kong. Kowloon is where Ka Shui International is based in Hong Kong.
Advanced plasma lighting solutions are the focus of the California-based business Pure Plasma Lighting. The lighting system and light engine developed by the business are effective, electrode-free light sources that produce a continuous, full spectrum of nearly ideal natural light: white light of unmatched purity that is comparable to the Sun. A group of engineers and scientists with a desire for creating novel lighting technologies formed Pure Plasma Lighting in 2004. Circularly polarized microwaves are used to generate a stationary plasma discharge in the company's technique. With the use of this technology, ordinary plasma lights no longer require the revolving bulb that can be a point of failure.
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)
Pure Plasma Lighting (US)
Topanga Asia Limited (Topanga) (China)
September 2019: Trial findings published by Ceravision Limited showed up to a 40% increase in marijuana oil yields when compared to other lighting options. The business also disclosed the filing of a patent for horticultural lighting using plasma light technology.
300W
700W
1,000W
Retail
Commercial
Sports and Entertainment
Roadways
Streets and Tunnels
Industrial Horticulture
Others
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.4 Billion |
| Market Size 2023 | USD 0.42 Billion |
| Market Size 2032 | USD 0.64 Billion |
| Compound Annual Growth Rate (CAGR) | 5.40% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Distribution Channel, application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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), Pure Plasma Lighting (US), Topanga Asia Limited (Topanga) (China) |
| Key Market Opportunities | Technological Advancements |
| Key Market Dynamics | High-quality Light Output |
Plasma Lighting Market Highlights:
Frequently Asked Questions (FAQ) :
The Plasma Lighting Market size was valued at USD 0.4 Billion in 2022.
The global market is projected to grow at a CAGR of 5.40% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are 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), Pure Plasma Lighting (US), Topanga Asia Limited (Topanga) (China).
The beverage category dominated the market in 2022.
The store based had the largest share in the global market.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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