Arc Based Plasma Lighting Market
Arc-Based Plasma Lighting Market Forecasts to 2030 - Global Analysis By Product Type (Lamps, Luminaires and Other Product Types), Light Source, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Arc-Based Plasma Lighting Market is accounted for $576.3 million in 2023 and is expected to reach $878.0 million by 2030 growing at a CAGR of 6.2% during the forecast period.0020 Arc-Based Plasma Lighting refers to a type of lighting technology that uses a high-intensity electrical arc to produce light. It involves creating a plasma discharge between two electrodes, typically within a gas-filled bulb or tube. When an electrical current is passed through the gas, it ionizes the gas molecules, creating a plasma state that emits visible light. These lighting systems are known for their high brightness and efficiency compared to traditional incandescent or fluorescent lighting.
According to a study conducted by the Minnesota Pollution Control Agency, mercury concentrations in fish in one Minnesota lake have been increasing by 5 percent annually since 1970.
Market Dynamics:
Driver:
High Color Rendering Index (CRI)
The high color rendering index (CRI) plays a pivotal role in the market, ensuring superior light quality. With these values exceeding 80, these lighting solutions achieve remarkable color accuracy, making them ideal for various applications such as retail displays, museums, and outdoor spaces. This high CRI not only enhances visual appeal but also improves visibility and perception, making Arc-Based Plasma Lighting a preferred choice for projects where color fidelity is crucial.
Restraint:
Dominance of LED Lighting
LED technology has made substantial advancements in terms of efficiency, cost-effectiveness, and versatility, posing a competitive threat to Arc-Based Plasma Lighting solutions. Additionally, consumer preferences and regulatory trends favoring energy-efficient and environmentally friendly options further contribute to the hurdles faced by Arc-Based Plasma Lighting technologies in gaining market share against LED lighting solutions. Thus, the dominance of LED lighting presents significant challenges for the market.
Opportunity:
Technological advancements
Cutting-edge developments include enhanced energy efficiency, longer lifespan, and superior color rendering capabilities. Innovations such as smart controls and IoT integration further optimize lighting management, offering customizable settings for different environments. These advancements not only improve performance but also contribute significantly to sustainability efforts by reducing energy consumption and minimizing environmental impact, making Arc-Based Plasma Lighting a compelling choice for various applications.
Threat:
Limited market awareness
Despite its potential, the Arc-Based Plasma Lighting Market faces challenges due to limited market awareness. While the technology offers energy efficiency and long lifespan benefits, its adoption is hindered by a lack of understanding among consumers and businesses. Many potential users remain unaware of its advantages and are hesitant to invest in unfamiliar lighting solutions.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Arc-Based Plasma Lighting Market. With disruptions in manufacturing and supply chains, the market experienced a slowdown in production and distribution. Reduced economic activities and uncertainty led to decreased demand from commercial and industrial sectors, affecting sales. However, the emphasis on energy-efficient lighting solutions and ongoing technological advancements are expected to drive market recovery post-pandemic, with a focus on sustainability and cost-effectiveness.
The deuterium lamps segment is expected to be the largest during the forecast period
The deuterium lamps segment is expected to be the largest during the forecast period. due to their unique properties. These lamps emit light across a broad spectrum, making them ideal for applications requiring high-quality light output. Their stable arc discharge and long lifespan contribute significantly to their popularity in scientific and industrial settings. Moreover, advancements in deuterium lamp technology continue to drive innovation and expand their use in various fields such as spectroscopy, microscopy, and specialized lighting systems.
The outdoor lighting segment is expected to have the highest CAGR during the forecast period
The outdoor lighting segment is expected to have the highest CAGR during the forecast period. These lighting systems utilize plasma technology, creating a bright and uniform illumination ideal for outdoor spaces such as streets, parks, and sports facilities. With their ability to produce intense light while consuming less energy compared to traditional lighting sources, arc-based plasma outdoor lighting solutions are becoming increasingly popular for enhancing visibility and safety in various outdoor environments.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to the rising demand for energy-efficient lighting solutions. These systems utilize ionized gas to generate light, offering improved efficiency and durability compared to traditional lighting technologies. Factors such as increased awareness of environmental sustainability and government initiatives promoting energy conservation are driving market expansion.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period owing to the increasing demand for energy-efficient lighting solutions across various industries and applications. Arc-Based Plasma Lighting offers several advantages over traditional lighting technologies, such as high energy efficiency, long lifespan, and better color rendering properties. The ability of plasma lighting to provide a full spectrum of light similar to natural sunlight makes it ideal for indoor farming and greenhouse cultivation. Additionally, advancements in technology and the development of smart lighting solutions are further fueling market growth in the region.
Key players in the market
Some of the key players in Arc-Based Plasma Lighting market include Signify Holding, Plasma International, Luxim Corporation, Fusion Lighting, Larson Electronics, ProPhotonix, Excelitas Technologies Corp., Hamamatsu Photonics K.K., LEDVANCE GmbH, Newport Corporation, Superior Quartz Products, Inc., Amglo Kemlite Laboratories, Ceravision, Heraeus Nobleligh and Philips Lighting.
Key Developments:
In January 2024, Excelitas Technologies Corp. acquired the Noblelight business from Heraeus Group (Germany) including its operations and key application centers and sales offices worldwide.
In August 2023, Hamamatsu Photonics K.K. announced the completion of a new factory building. The company constructed a new factory Building No. 11 at its Toyooka factory site (Shimokanzo, Iwata City, Japan) to accommodate the growing sales of microfocus X-ray sources (MFX) and other electron tube products.
Product Types Covered:
• Lamps
• Luminaires
• Other Product Types
Light Sources Covered:
• Mercury Vapor Lamps
• Deuterium Lamps
• Xenon Arc Lamps
• Metal Halide Lamps
• Krypton Arc Lamps
Distribution Channels Covered:
• Direct Sales
• Online Platforms
• Distributors
• Retailers
Applications Covered:
• Industrial Lighting
• Outdoor Lighting
• Film and Entertainment Lighting
• Medical Lighting
• Scientific Research
• Other Applications
End Users Covered:
• Public Spaces
• Industrial Sector
• Commercial Buildings
• Residential Sector
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Arc-Based Plasma Lighting Market, By Product Type
5.1 Introduction
5.2 Lamps
5.3 Luminaires
5.4 Other Product Types
6 Global Arc-Based Plasma Lighting Market, By Light Source
6.1 Introduction
6.2 Mercury Vapor Lamps
6.3 Deuterium Lamps
6.4 Xenon Arc Lamps
6.5 Metal Halide Lamps
6.6 Krypton Arc Lamps
7 Global Arc-Based Plasma Lighting Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Online Platforms
7.4 Distributors
7.5 Retailers
8 Global Arc-Based Plasma Lighting Market, By Application
8.1 Introduction
8.2 Industrial Lighting
8.3 Outdoor Lighting
8.4 Film and Entertainment Lighting
8.5 Medical Lighting
8.6 Scientific Research
8.7 Other Applications
9 Global Arc-Based Plasma Lighting Market, By End User
9.1 Introduction
9.2 Public Spaces
9.3 Industrial Sector
9.4 Commercial Buildings
9.5 Residential Sector
9.6 Other End Users
10 Global Arc-Based Plasma Lighting Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Signify Holding
12.2 Plasma International
12.3 Luxim Corporation
12.4 Fusion Lighting
12.5 Larson Electronics
12.6 ProPhotonix
12.7 Excelitas Technologies Corp.
12.8 Hamamatsu Photonics K.K.
12.9 LEDVANCE GmbH
12.10 Newport Corporation
12.11 Superior Quartz Products, Inc.
12.12 Amglo Kemlite Laboratories
12.13 Ceravision
12.14 Heraeus Nobleligh
12.15 Philips Lighting
List of Tables
1 Global Arc-Based Plasma Lighting Market Outlook, By Region (2021-2030) ($MN)
2 Global Arc-Based Plasma Lighting Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Arc-Based Plasma Lighting Market Outlook, By Lamps (2021-2030) ($MN)
4 Global Arc-Based Plasma Lighting Market Outlook, By Luminaires (2021-2030) ($MN)
5 Global Arc-Based Plasma Lighting Market Outlook, By Other Product Types (2021-2030) ($MN)
6 Global Arc-Based Plasma Lighting Market Outlook, By Light Source (2021-2030) ($MN)
7 Global Arc-Based Plasma Lighting Market Outlook, By Mercury Vapor Lamps (2021-2030) ($MN)
8 Global Arc-Based Plasma Lighting Market Outlook, By Deuterium Lamps (2021-2030) ($MN)
9 Global Arc-Based Plasma Lighting Market Outlook, By Xenon Arc Lamps (2021-2030) ($MN)
10 Global Arc-Based Plasma Lighting Market Outlook, By Metal Halide Lamps (2021-2030) ($MN)
11 Global Arc-Based Plasma Lighting Market Outlook, By Krypton Arc Lamps (2021-2030) ($MN)
12 Global Arc-Based Plasma Lighting Market Outlook, By Distribution Channel (2021-2030) ($MN)
13 Global Arc-Based Plasma Lighting Market Outlook, By Direct Sales (2021-2030) ($MN)
14 Global Arc-Based Plasma Lighting Market Outlook, By Online Platforms (2021-2030) ($MN)
15 Global Arc-Based Plasma Lighting Market Outlook, By Distributors (2021-2030) ($MN)
16 Global Arc-Based Plasma Lighting Market Outlook, By Retailers (2021-2030) ($MN)
17 Global Arc-Based Plasma Lighting Market Outlook, By Application (2021-2030) ($MN)
18 Global Arc-Based Plasma Lighting Market Outlook, By Industrial Lighting (2021-2030) ($MN)
19 Global Arc-Based Plasma Lighting Market Outlook, By Outdoor Lighting (2021-2030) ($MN)
20 Global Arc-Based Plasma Lighting Market Outlook, By Film and Entertainment Lighting (2021-2030) ($MN)
21 Global Arc-Based Plasma Lighting Market Outlook, By Medical Lighting (2021-2030) ($MN)
22 Global Arc-Based Plasma Lighting Market Outlook, By Scientific Research (2021-2030) ($MN)
23 Global Arc-Based Plasma Lighting Market Outlook, By Other Applications (2021-2030) ($MN)
24 Global Arc-Based Plasma Lighting Market Outlook, By End User (2021-2030) ($MN)
25 Global Arc-Based Plasma Lighting Market Outlook, By Public Spaces (2021-2030) ($MN)
26 Global Arc-Based Plasma Lighting Market Outlook, By Industrial Sector (2021-2030) ($MN)
27 Global Arc-Based Plasma Lighting Market Outlook, By Commercial Buildings (2021-2030) ($MN)
28 Global Arc-Based Plasma Lighting Market Outlook, By Residential Sector (2021-2030) ($MN)
29 Global Arc-Based Plasma Lighting Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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