Plasma Lighting
Plasma Lighting Market Forecasts to 2030 - Global Analysis By Product Type (Fluorescent Plasma, Xenon Plasma, Metal Halide Plasma and Other Product Types), Component (Waveguide, Electrodes, Ballasts and Other Components), Wattage, Application and By Geography
According to Stratistics MRC, the Global Plasma Lighting Market is accounted for $451.3 million in 2024 and is expected to reach $647.5 million by 2030, growing at a CAGR of 6.2% during the forecast period. Plasma lighting is a highly efficient gas-based lighting technology that uses a small amount of gas, typically argon, excited by radio frequency energy to produce bright, full-spectrum light. Because plasma lights don't require electrodes or filaments like conventional light sources do, they are more durable and long-lasting. Known for their exceptional brightness, energy efficiency, and color rendering, they are frequently utilized in outdoor illumination, industrial lighting, and horticulture.
According to a study conducted by the Lighting Research Center, approximately 25% of growers using supplemental lighting for crops utilize technologies such as plasma lights or fluorescent lighting.
Market Dynamics:
Driver:
Growing demand for horticulture
The horticulture sector is driving significant growth in the plasma lighting market due to its ability to replicate natural sunlight and enhance photosynthesis in plants. Plasma lighting systems provide a broader spectrum of light that closely mimics sunlight, making them ideal for indoor farming and regions with severe winter weather. These systems can increase yields of cannabinoid oils by up to 40% compared to other lighting solutions, demonstrating their effectiveness in agricultural applications.
Restraint:
Limited awareness
Despite the technology benefits, market growth is hindered by limited understanding among consumers and businesses about plasma lighting advantages. Many potential users remain hesitant to invest in this unfamiliar lighting solution, despite its proven benefits of energy efficiency and long lifespan. This lack of awareness creates a significant barrier to market penetration and adoption.
Opportunity:
Infrastructure development in emerging economies
The global trend of urbanization and infrastructure development, particularly in emerging economies, is creating substantial opportunities for plasma lighting systems. The ongoing modernization of urban infrastructure, smart city projects, and the development of commercial spaces are driving demand for advanced lighting solutions. This is particularly evident in applications such as highway lighting, street illumination, and tunnel lighting.
Threat:
Competition from LED technology
The high initial cost of plasma lighting systems compared to alternative lighting technologies poses a significant threat to market growth. The availability of more affordable substitutes, particularly LED lighting solutions, creates intense competition in the market. This price sensitivity affects adoption rates, especially in price-conscious markets, limiting the expansion.
Covid-19 Impact:
The pandemic had a mixed impact on the plasma lighting market. While it disrupted global supply chains and caused component shortages, it also increased demand for high-quality indoor lighting solutions due to remote work trends. The situation accelerated the adoption of smart lighting solutions, particularly in commercial and industrial settings.
The metal halide plasma segment is expected to be the largest during the forecast period
The metal halide plasma segment is predicted to secure the largest market share throughout the forecast period due to its superior energy efficiency and bright, full-spectrum light output. Metal halide plasma lights are commonly used in large-scale industrial applications and horticulture, where intense illumination is required. Their long lifespan and ability to operate under extreme conditions make them a preferred choice in these sectors, contributing to their dominance in the plasma lighting market.
The less than 300W segment is expected to have the highest CAGR during the forecast period
The less than 300W segment is projected to witness substantial growth during the projection period, driven by increasing demand for energy-efficient lighting solutions in smaller-scale applications. This segment is favored in residential, commercial, and indoor agricultural setups where lower-wattage solutions offer sufficient brightness while reducing energy consumption. The growing focus on energy conservation and the adoption of sustainable technologies further boost the demand for plasma lighting systems within this wattage category, contributing to its high growth.
Region with largest share:
The Asia Pacific region is projected to account for the largest market share during the forecast period, supported by rapid urbanization and infrastructure development in countries like China, India, and Japan. The demand for efficient lighting technologies in commercial and industrial sectors is rising in this region. Furthermore, the expanding horticulture industry, especially in China, significantly contributes to the growth of the market.
Region with highest CAGR:
The Asia Pacific region is projected to achieve the highest CAGR during the forecast period, driven by increasing investments in modern infrastructure, smart city projects, and sustainable agriculture initiatives. Governments in the region are focused on energy efficiency and reducing carbon footprints, boosting the adoption of plasma lighting technologies. As urbanization and industrialization continue to rise, the demand for advanced lighting solutions is expected to surge, propelling the growth of the market in this region.
Key players in the market
Some of the key players in Plasma Lighting Market include LUMA Group, Ceravision, Hive Lighting, Ka Shui International Holdings, Greener Crop Inc, Zumtobel Group AG, Eaton, Dialight plc, Advanced Lighting Technologies, AIXTRON, Osram Sylvania Inc., Toyoda Gosei Co., Ltd., Digital Lumens, Emerson Electric, Signify Holding, General Electric, Schneider Electric, and Acuity Brands, Inc.
Key Developments:
In October 2024, Eaton inaugurated its newly expanded electrical manufacturing facility in Puducherry. The new 120,000-square-foot facility includes a state-of-the-art 100,000-square-foot shop floor dedicated to Power Distribution product lines, along with 20,000 square feet for utilities and supporting infrastructure. This expansion marks a major milestone in Eaton’s ongoing commitment to manufacturing excellence, localization, and community development.
Product Types Covered:
• Fluorescent Plasma
• Xenon Plasma
• Metal Halide Plasma
• Other Product Types
Components Covered:
• Waveguide
• Electrodes
• Ballasts
• Bulb Assembly
• Cavity Resonator
• Other Components
Wattages Covered:
• Less than 300W
• 300W to 1000W
• More than 1000W
Applications Covered:
• General Lighting
• Horticulture
• Industrial Lighting
• Retail & Hospitality
• Solar Simulation
• Sports & Stadium Lighting
• Street Lighting
• Other Applications
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 2022, 2023, 2024, 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
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 Emerging Markets
3.9 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 Plasma Lighting Market, By Product Type
5.1 Introduction
5.2 Fluorescent Plasma
5.3 Xenon Plasma
5.4 Metal Halide Plasma
5.5 Other Product Types
6 Global Plasma Lighting Market, By Component
6.1 Introduction
6.2 Waveguide
6.3 Electrodes
6.4 Ballasts
6.5 Bulb Assembly
6.6 Cavity Resonator
6.7 Other Components
7 Global Plasma Lighting Market, By Wattage
7.1 Introduction
7.2 Less than 300W
7.3 300W to 1000W
7.4 More than 1000W
8 Global Plasma Lighting Market, By Application
8.1 Introduction
8.2 General Lighting
8.3 Horticulture
8.4 Industrial Lighting
8.5 Retail & Hospitality
8.6 Solar Simulation
8.7 Sports & Stadium Lighting
8.8 Street Lighting
8.9 Other Applications
9 Global Plasma Lighting Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 LUMA Group
11.2 Ceravision
11.3 Hive Lighting
11.4 Ka Shui International Holdings
11.5 Greener Crop Inc
11.6 Zumtobel Group AG
11.7 Eaton
11.8 Dialight plc
11.9 Advanced Lighting Technologies
11.10 AIXTRON
11.11 Osram Sylvania Inc.
11.12 Toyoda Gosei Co., Ltd.
11.13 Digital Lumens
11.14 Emerson Electric
11.15 Signify Holding
11.16 General Electric
11.17 Schneider Electric
11.18 Acuity Brands, Inc.
List of Tables
1 Global Plasma Lighting Market Outlook, By Region (2022-2030) ($MN)
2 Global Plasma Lighting Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Plasma Lighting Market Outlook, By Fluorescent Plasma (2022-2030) ($MN)
4 Global Plasma Lighting Market Outlook, By Xenon Plasma (2022-2030) ($MN)
5 Global Plasma Lighting Market Outlook, By Metal Halide Plasma (2022-2030) ($MN)
6 Global Plasma Lighting Market Outlook, By Other Product Types (2022-2030) ($MN)
7 Global Plasma Lighting Market Outlook, By Component (2022-2030) ($MN)
8 Global Plasma Lighting Market Outlook, By Waveguide (2022-2030) ($MN)
9 Global Plasma Lighting Market Outlook, By Electrodes (2022-2030) ($MN)
10 Global Plasma Lighting Market Outlook, By Ballasts (2022-2030) ($MN)
11 Global Plasma Lighting Market Outlook, By Bulb Assembly (2022-2030) ($MN)
12 Global Plasma Lighting Market Outlook, By Cavity Resonator (2022-2030) ($MN)
13 Global Plasma Lighting Market Outlook, By Other Components (2022-2030) ($MN)
14 Global Plasma Lighting Market Outlook, By Wattage (2022-2030) ($MN)
15 Global Plasma Lighting Market Outlook, By Less than 300W (2022-2030) ($MN)
16 Global Plasma Lighting Market Outlook, By 300W to 1000W (2022-2030) ($MN)
17 Global Plasma Lighting Market Outlook, By More than 1000W (2022-2030) ($MN)
18 Global Plasma Lighting Market Outlook, By Application (2022-2030) ($MN)
19 Global Plasma Lighting Market Outlook, By General Lighting (2022-2030) ($MN)
20 Global Plasma Lighting Market Outlook, By Horticulture (2022-2030) ($MN)
21 Global Plasma Lighting Market Outlook, By Industrial Lighting (2022-2030) ($MN)
22 Global Plasma Lighting Market Outlook, By Retail & Hospitality (2022-2030) ($MN)
23 Global Plasma Lighting Market Outlook, By Solar Simulation (2022-2030) ($MN)
24 Global Plasma Lighting Market Outlook, By Sports & Stadium Lighting (2022-2030) ($MN)
25 Global Plasma Lighting Market Outlook, By Street Lighting (2022-2030) ($MN)
26 Global Plasma Lighting Market Outlook, By Other Applications (2022-2030) ($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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
