According to a new market report published by Lucintel, the future of the plasma lighting market looks promising with opportunities in the roadway, street, tunnel, and horticulture industries. The global plasma lighting market is expected to grow with a CAGR of 5% from 2020 to 2025. The major drivers for this market are increasing infrastructure development activities in emerging economies, a growing number of indoor farms equipped with plasma lighting across the globe, and increasing demand for energy-efficient & long-lasting lights.
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Plasma lightings are a family of light sources that generate light by exciting plasma inside a closed transparent burner or bulb using radio frequency (RF) power. In this market, lightron, waveguide, and cavity resonator are the major components used for manufacturing of plasma lighting. Lucintel forecasts that lightron will remain the largest component segment over the forecast period due to its cost effectiveness.
Within this market, horticulture will remain the largest application segment over the forecast period because the requirement to carry out indoor farming is likely to increase across the globe, especially in urban areas in the coming years.
Europe will remain the largest region, and it is also expected to witness the highest growth over the forecast period because the demand for horticulture plasma lighting systems is higher in countries with harsh winters/erratic climatic conditions where these lights enable crops to grow even in the absence of natural light/sunlight.
LUMA Group, Ceravision, Hive Lighting, Ka Shui Group, Green de Corp., and Gavita are among the major suppliers in the global plasma lighting market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global plasma lighting market by component, application, wattage, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Plasma Lighting Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global plasma lighting market by component, application, wattage, and region as follows:
By Component [Value ($ Million) shipment analysis for 2014 – 2025]:
Lightron
Waveguide
Cavity Resonator
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Roadways
Streets
Tunnels
Horticulture
By Wattage [Value ($ Million) shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.