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Plasma Lighting - Global Market Outlook (2018-2027)

Plasma Lighting - Global Market Outlook (2018-2027)

Published: September 2019 ID: SMRC18573
Published: September 2019 ID: SMRC18573

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Plasma Lighting Market is accounted for $308.34 million in 2018 and is expected to reach $552.72 million by 2027 growing at a CAGR of 6.7% from 2018 to 2027. Increasing need for energy-efficient & long-lasting lights is one of the major key factors driving market growth. Moreover, growth in number of greenhouses equipped owing to legalization of marijuana cultivation will provide ample opportunities for the market growth.  However, high initial costs for quality are inhibiting the market growth.

Plasma lighting is a high lumen energy saving lighting.  Plasma lighting systems are electrodeless metal halide lamps that produce light directly from an arc discharge operated under high pressure. The plasma lightings are a type of gas discharge lamps that are energized by radio frequency power. It is fit for different kind of applications such as municipal, sports facilities, roadway, and green house usage. 
 
On the basis of Application, Horticulture segment is constantly enhancing due to the increasing demand for these systems in harsh weather conditions. Horticulture lights are being used for the cultivation of fruits and vegetable, and floriculture.  By geography, Asia Pacific in anticipated to grow during forecast period attributed to growing investments in manufacturing sector and increased usage of indoor farming in this region.

Some of the key players in this market include Pure Plasma Lighting, Lightahead, CozyCabin, RioRand, Crystallove, HDE, Creative Motion, PowerTRC, Katzco, URBAN ARMOR GEAR, Mega Racer, Hfele GmbH & Co Kg and Inter-Lux.

Components Covered:
• Waveguide
• Lightron
• Cavity Resonator
• Bulb Assembly

Wattages Covered:
• 300W
• 700W
• 1,000W

Applications Covered:
• Industrial
• Roadways, Streets, and Tunnels
• Sports & Entertainment
• Horticulture
• 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 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) 
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- 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 clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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