Overview:
The global report on the plasma lighting market is slated to benefit from the growing level of acceptance of the product among end users. Market Research Future (MRFR) predicts that this would help the market cross a valuation of around USD 420 million by 2025, during which the market will make its stand firm with a CAGR of 5.4% for the forecast period of 2019 to 2025. This lighting type is energy-efficient, long-lasting, and consists full spectrum of light, which makes it more popular among end users. In fact, it is quite useful in cases like indoor farming, which might provide thrust to the market.
However, the initial cost of having plasma lighting is quite high, which may hold back the market from having proper growth.
Segmentation:
The global Plasma Lighting Market has been studied by MRFR analysts on the basis of wattage, distribution channel, and application to facilitate an understanding of the changes the market. This sort of knowledge would help in coming up with proper strategic decisions that may bolster the outcome of the market.
By wattage, the global plasma lighting market includes segments like 700 W, 100 W, and 300W.
By distribution channel, the review of the plasma lighting market includes a study of retail and commercial.
By application, the study of the plasma lighting market includes segments like highways, sports & entertainment, street lighting, horticulture, tunnel lights, and others. The sports & entertainment segment is slated to witness some drastic changes as latest developments have piqued the knowledge of the consumers and they are now tilting their preferences for these products to benefit more from the advantages.
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Regional Analysis:
North America and Europe are serious about energy-efficiency and indoor farming, which are going to provide tailwinds to the regional markets. Infrastructural superiority, fund influx, support from research and development, growing presence of market players, and others are expected bring in changes in the global market in significant ways.
Competitive Landscape:
The global market report on the plasma lighting market includes a proper understanding of the impact of latest steps taken by eminent companies like A Shui International Holdings (Hong Kong), Hive Lighting (US), Green De Corp (Hong Kong), RFHIC Corporation (South Korea), Gavita (Netherlands), Fusionlux (Luxembourg), Griffin & Ray (UAE), Birns (US), Solaronix (Switzerland), Guangzhou Kaiming Industries (China), and Pure Plasma Lighting (US). Strategic deals employed by these companies are expected to inspire some changes in the market and it may help in creating a solid foundation for the market to grow in the future. Among major steps, merger, collaboration, innovation, branding, funding for research and development projects, support from competitors, acquisition, and others are expected to back changes in the market.
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Plasma lighting market technology uses metal halide mixtures and argon gas or arc discharge on bulb and do not contain any electrode.
They use radio frequency radiation to ignite the gas mixtures which creates bright plasma and is available in different colour tuned by composition of the plasma constituents.
Due to lack of electrodes the lighting offers high efficiency.
This technology offers dimmable function as they operate in low watt by providing higher brightness in comparison to others.plasma lighting market is expected to rise from its initial estimated value to an estimated value by registering a substantial CAGR of 6.3% in the forecast period of 2019-2026.
The report contains data of the base year 2018 and historic year 2017.
Worldwide growing awareness about energy-efficient lights is a key factor for the growth of this market.Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies.
