Global Neon Signs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Neon Signs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Neon Signs is a cold cathode gas discharge lamp that obtains different colors by adding different inert gases to neon. A neon tube is a sealed glass tube with a metal electrode at each end filled with one of a variety of low-pressure gases. The high potential of several thousand volts applied to the electrode ionizes the gas in the tube, causing it to emit Colored light. The color of the light depends on the gas in the tube.

Market Overview:

The latest research study on the global Neon Signs market finds that the global Neon Signs market reached a value of USD 289.94 million in 2022. It’s expected that the market will achieve USD 329.8 million by 2028, exhibiting a CAGR of 2.17% during the forecast period.

The COVID-19 pandemic affects the industry

With the COVID-19 pandemic, users are most exposed to the Internet when they are trapped at home. Therefore, when businesses choose advertisements, they often use web pages to let consumers see the products, instead of using neon lights as before. Billboards to attract consumers.
Secondly, in addition to the impact of neon lights on consumer appeal caused by the epidemic, the supply chain is also facing threats. For example, the manufacture of neon lights requires more important components such as glass tubes and electrodes. Due to the city blockade caused by the epidemic, work in some areas cannot be resumed, and traffic in some areas is interrupted, causing delays in regional and international logistics terminals, leading to a backlog of neon lights. Global isolation has forced many neon light customization companies to re-evaluate their business models to minimize the impact on individuals, communities, and the environment.

Neon Signs are highly efficient

Neon Signs relies on the electrodes at both ends of the lamp to ignite the rare gas in the lamp under a high-voltage electric field. It is different from ordinary light sources that must burn the tungsten filament to a high temperature to emit light, causing a large amount of electrical energy to be consumed in the form of heat. With the same amount of power, Neon Signs has a higher brightness. Therefore, the high efficiency of Neon Signs has promoted some businesses and consumers to use it.

The maintenance of neon lights is higher

The maintenance cost of outdoor neon lights may be higher than the maintenance cost of outdoor signs. Outdoor signs are more likely to be tampered with or vandalized by passers-by. Insects such as soil mites are also threats. Extreme weather conditions such as heavy rain or heavy snow can also damage the signs. However, repairs or maintenance inspections of neon lights can be expensive. The technician must be very careful and have the highest skill accuracy to avoid damage to the glass tube. Therefore, the maintenance cost of neon lights has risen greatly.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (42.24% in 2021).

Company Overview

Jantec Neon is one of the major players operating in the Neon Signs market, holding a share of 2.73% in 2022.

Jantec Neon

Jantec Neon offers one of the largest selections of high-quality neon signs in the United States today. Jantec Neon has a unique goal to create neon signs and provide customers with years of trouble-free operation.

Sygns

Sygns is a digital design and engineering platform that has established expertise in neon light works and likes to explore other unique and inaccessible media. Sygns can support consumers in projects related to branding, outdoor advertising, art, architecture, interior and graphic design.

Segmentation Overview:

By type, Custom Neon Signs segment accounted for the largest share of market in 2021.

Custom Neon Signs

Custom Neon Signs are tailor-made for individual customers. The user intervenes in the production process of the product, produces the product into a specified pattern and text, and obtains Neon Signs with strong personal attributes. Like wishing someone a happy birthday.

Neon Open Signs

It needs to be explained that when the store opens, Neon Open Signs can allow consumers to see the business of the store at night, and convey to consumers that the store attendant is waiting to serve the consumer.

Business Neon Signs

Business Neon Signs are generally distinctive signs that identify a product, service, or specific individuals or companies related to it, which can be graphics or text. The most commonly used in Neon Signs is brand or product logos.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Neon Signs market covered in Chapter 3:

Gas'n Glass Neon
Sygns
Jantec Neon
Golden Gate Sign Company
Signograph USA
SGi Lighting
NeonSignly.com
National Neon
IVC Signs
Polaris Sign Co. Limited
Echo Neon
Butterfield Signs

In Chapter 4 and Chapter 14.2, on the basis of types, the Neon Signs market from 2018 to 2029 is primarily split into:

Custom Neon Signs
Neon Open Signs
Business Neon Signs
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Neon Signs market from 2018 to 2029 covers:

Advertising
Commercial
Traffic
Construction
Indoor and Outdoor Decoration
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)