Authored By: Sarah
11 Jul 2024

 Plasma Lamp Market Size to grow by USD 143.06 million between 2024-2028

According to a research report “ Plasma Lamp Market” by Type (300 Watt, Above 300 Watt) Application (Roadways /streets /and tunnels, Industrial, Horticulture, Sports and entertainment, Others) Geography (Europe, APAC, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 143.06 million, at a CAGR of  4.8% during the forecast period. In the decorative lighting market, plasma lamps are gaining popularity due to their unique designs and varying price points. Premium customers' increasing demand for luxury plasma lamp products has incentivized manufacturers to innovate and create distinctive designs within this category. These high-end plasma lamps are produced in accordance with the latest trends, quality standards, and design concepts introduced by renowned interior designers. Notable producers of these luxurious decorative lighting items include companies based in Italy, the UK, Spain, Germany, and the US. Interior designers continue to introduce innovative and captivating design concepts, such as traditional, modern, contemporary, and transitional, which are reflected in the production of these premium plasma lamps.

Browse market data tables, figures, and in-depth TOC on “Plasma Lamp Market” by Type (300 Watt, Above 300 Watt) Application (Roadways /streets /and tunnels, Industrial, Horticulture, Sports and entertainment, Others) Geography (Europe, APAC, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Type, the 300 Watt segment is projected to dominate the market size in 2024

In the realm of outdoor lighting applications, the segments of roads, streets, and tunnels represent significant markets for high-performance lighting solutions. These areas necessitate substantial power to effectively illuminate expansive spaces. Consequently, high-intensity discharge (HID) lamps, linear fluorescent lamps (LFLs), and light emitting diodes (LEDs) are commonly utilized for such applications. The roadways, streets, and tunnels sector is poised for growth, as local governments and urban developers execute their strategies for the installation of novel streetlights and the modernization of existing lighting infrastructure. Among the BRIC nations, China and India are expected to spearhead the roadways, streets, and tunnels segment of the global plasma lamp market. Notably, the primary application of plasma lamps lies in the realm of street lighting.

By Application, Roadways /streets /and tunnels  segment is expected to hold the largest market size for the year 2024

The global plasma lamp market encompasses various wattage-based segments, with the 300-watt sector being one of the significant divisions. This category accommodates plasma lamps that possess a power rating of up to 300 watts. These lamps are frequently utilized in applications necessitating enhanced brightness and illumination due to their larger size and increased potency compared to lower wattage alternatives. Industries such as residential, commercial, industrial, and automotive are among the numerous sectors and markets catered to in the global 300-watt plasma lamp market. These lamps can serve diverse purposes, including ornamental applications in homes and options for outdoor lighting in the residential sector.

Europe is forecasted to hold the largest market size by region in 2024

European governments implement rigorous regulations, such as the ban on inefficient lighting sources, and offer incentives and rebates for energy efficiency and renewable technologies, including plasma lamps. These policies are anticipated to propel the expansion of the European plasma lamp market substantially during the forecast period. In 2021, the construction industry witnessed growth in the commercial and industrial sectors in Europe. However, the plasma lamp market in Europe experienced sluggish growth in 2020 and 2021 due to the debt crisis and resulting economic instability in countries like Greece, Portugal, Ireland, Spain, and Cyprus. Despite these challenges, the market is expected to rebound as the European economy recovers.

The Plasma Lamp Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Ampleon Netherlands BV
  • BIRNS Inc.
  • Gavita International B.V.
  • Hive Lighting Inc.
  • Ka Shui International Holdings Ltd.
  • LG Electronics Inc.
  • Lumartix SA
  • MTFX Online Ltd.
  • Pure Plasma Lighting Inc.
  • RFHIC Corp.
  • Solaronix SA
  • Square 1 Precision Lighting Inc.
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Plasma Lamp market encompasses a variety of novelty items that use electricity to create an mesmerizing display of plasma. These lamps work by ionizing a gas or a mixture of gases into a plasma state, which is a fourth state of matter consisting of positive ions and negative ions. The electrical channel is established through a high-voltage electrode, which attracts the ions and creates the plasma. Plasma lamps come in different forms, including plasma balls, globes, and lamps. They can be made of glass, and can contain different gases or a combination of gases, liquids, or solids. Commonly used gases include xenon, argon, and neon, which are noble gases known for their stability. Plasma lamps are popular as decorative items in farms, cities, and urban areas. They add a unique touch to any space, and can be used to create a relaxing ambiance. However, the high-voltage electrodes used in plasma lamps require careful handling, as they can pose a risk of electrical shock. The Plasma Lamp market is not limited to the entertainment industry. It also finds applications in horticulture segment, where it is used to enhance the growth of fresh vegetables by providing them with negative ions, which help in photosynthesis. The logistics costs associated with the transportation of these gases and liquids can be high, making the Plasma Lamp market a niche one. The United Nations has set guidelines for the safe transportation of these gases to ensure their safe handling and transportation.

Market Research Overview

The Plasma Lamp market encompasses a variety of innovative lighting solutions, including Tunnels, Streets, and Roadways lighting, that utilize Plasma Technology. This technology, which involves the ionization of gases, liquids, or solids using an electrical current, has gained popularity in recent years due to its energy-efficient and sustainable solutions. Decorative elements and artistic applications of Plasma Lamps are also on the rise, with personalization and customizable designs becoming key trends. Smart home systems and LED lighting are integrating Plasma Technology, offering visually appealing, unique, and novelty items for patrons. The Plasma Lamp market caters to various industries, including the Entertainment industry, Interior design, and Horticulture segment. Plasma Lamps are used for creating atmospheres in urban areas, such as Plasma Balls and Globes, which are not only visually appealing but also serve as safety standards in logistics costs for indoor farming and plant growth. Manufacturing costs for Plasma Lamps have decreased due to advancements in Technology, making them more accessible to consumers. The use of noble gases like Xenon, Argon, and Neon in Plasma Lamps has resulted in high-voltage electrodes and Plasma distribution channels, creating a captivating display of negative and positive ions. The United Nations recognizes the importance of Plasma Technology in various sectors, from transportation to agriculture, and its role in reducing electricity consumption and promoting sustainable solutions. The Plasma Lamp market continues to evolve, offering innovative lighting solutions for cities, farms, and personal use.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document