Arc-based Plasma Lighting Market by Light Source (Krypton Arc Lamps, Mercury Vapor Lamps, Metal Halide Lamps), Wattage (501 to 1500 W, Above 1500 W, Below 500 W), Application - Global Forecast 2024-2030

Arc-based Plasma Lighting Market by Light Source (Krypton Arc Lamps, Mercury Vapor Lamps, Metal Halide Lamps), Wattage (501 to 1500 W, Above 1500 W, Below 500 W), Application - Global Forecast 2024-2030

The Arc-based Plasma Lighting Market size was estimated at USD 576.36 million in 2023 and expected to reach USD 600.34 million in 2024, at a CAGR 4.29% to reach USD 773.46 million by 2030.

Arc-based plasma lighting is an advanced form of lighting technology that generates light by creating an arc of electrical current within a bulb filled with gas. This process excites plasma within the bulb, producing a bright light that mimics natural daylight. This technology is notable for its high efficiency, longevity, and quality of light, making it a suitable choice for a wide range of applications, including street lighting, industrial spaces, and agricultural operations. Increasing demand for energy-efficient and long-lasting lights with the availability of government initiatives promoting plasma lighting control systems is driving the growth of the arc-based plasma lighting market. The versatility of plasma lighting in terms of its application across various industries, from agriculture, where it supports plant growth, to industrial applications for high-quality illumination is expanding the market scope. However, high costs and technical limitations associated with arc-based plasma lighting hamper the growth of the market. The technological advancements in the development of arc-based plasma lighting solutions that improve its functionality and effectiveness are expected to create opportunities for market growth.

Regional Insights

In the Americas, the adoption and development of arc-based plasma lighting technologies are constantly increasing with the robust interest in energy-efficient and long-lasting lighting solutions, spurred by governmental policies promoting energy savings and sustainable infrastructure projects. The Asia-Pacific region is witnessing a significant growth trajectory in the arc-based plasma lighting market, led by countries such as China, Japan, South Korea, and Australia. This growth is primarily fueled by rapid industrialization, urbanization, and the increasing emphasis on energy conservation measures. The region's vast manufacturing base, coupled with governmental initiatives to upgrade to high-efficiency lighting in public infrastructure, commercial sectors, and urban areas, further propels the demand for advanced lighting solutions, including arc-based plasma lighting. Europe, with its stringent energy efficiency regulations and green energy initiatives, is at the forefront, adopting innovative lighting solutions to meet sustainability goals. The Middle East, with its booming construction and smart city projects, shows potential growth areas for advanced lighting systems including, arc-based plasma lighting. Africa, although slower in adoption due to infrastructure and economic constraints, is beginning to recognize the long-term benefits and cost savings of energy-efficient lighting systems in tackling its energy challenges.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Arc-based Plasma Lighting Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for energy-efficient and long-lasting lights
• Government initiatives promoting plasma lighting control systems
• Growing number of indoor farms equipped with plasma lighting across the globe

Market Restraints

• High initial investment for arc-based plasma lighting systems

Market Opportunities

• Growing technological advancements in arc-based plasma lighting solutions
• High potential of arc-based plasma lighting for water treatment

Market Challenges

• Certain technical limitations with the usage of arc-based plasma lighting

Market Segmentation Analysis

• Light Source: Growing usage of krypton arc lamps due to their efficiency and ability to produce a high intensity of light
• Application: High potential of arc-based plasma lighting in the agricultural sector for facilitating plant growth

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Arc-based Plasma Lighting Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Arc-based Plasma Lighting Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Expansion in Photonics: Excelitas Acquires Noblelight

Excelitas Technologies Corporation has strategically acquired the Noblelight division from the Heraeus Group. This acquisition enhances Excelitas' capabilities in offering advanced photonics solutions for a wide array of applications, including industrial curing, water treatment, medical therapies, and more, fostering its position as a leader in the global specialty light sources market.

Revolutionizing Solar Cell Testing With The Introduction of Lumartix's Solixon A-22 Simulator

Lumartix unveiled the Solixon A-22, a cutting-edge solar simulator. This device is tailored for the comprehensive characterization, aging, stabilization, and enhanced light-soaking and solar-simulation tests across various photovoltaic (PV) technologies, including but not limited to, thin-film and perovskite solar cells. The simulator distinguishes itself by offering a research-grade, steady-state platform with an illumination area of 22 cm x 22 cm, adaptable light intensity ranging from 200 W/m^2 to 1,100 W/m^2 (requiring an optional filter for intensities below 200 W/m^2), and a broad spectrum coverage from 280 nm to 3,000 nm.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Arc-based Plasma Lighting Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Arc-based Plasma Lighting Market, highlighting leading vendors and their innovative profiles. These include Acuity Brands, Inc., ams-OSRAM AG, Arclight Dynamics, Bridgelux, Inc., Bright Light Systems, Inc., Ceravision Limited, Excelitas Technologies Corp., Gavita International B.V., General Electric Company, Hive Lighting Inc., Intematix Corporation, LEDVANCE GmbH, LG Electronics Inc., LUXIM Corporation, Luxtronix Technologies Inc., MKS Instruments, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd., Signify Holding, Topanga Technologies, Inc., and Ushio Inc..

Market Segmentation & Coverage

This research report categorizes the Arc-based Plasma Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Light Source
• Krypton Arc Lamps
• Mercury Vapor Lamps
• Metal Halide Lamps
• Xenon Arc Lamps
• Wattage
• 501 to 1500 W
• Above 1500 W
• Below 500 W
• Application
• Agriculture
• Aquariums & Zoos
• Film & Television Production
• Industrial Settings
• Military & Defence
• Retail & Commercial Spaces
• Stadiums & Outdoor Sports Facilities
• Street Lighting
• Water Treatment
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year