DUBLIN, Sept. 5, 2019 /PRNewswire/ -- The "Plasma Lighting Market by Component (Lightron, Waveguide, and Cavity Resonator), Application (Roadways, Streets, and Tunnels Industrial, and Horticulture), Wattage (300W, 700W, and 1,000W), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The plasma lighting market is projected to grow from USD 311 million in 2018 to USD 415 million by 2024, at a CAGR of 4.7% between 2019 and 2024.

Plasma lights are electrodeless and gas discharge lamps based on the principle of Nikola Tesla. They use radio frequency (RF) power to ignite the plasma enclosed in a transparent bulb. This bulb contains a noble gas or a mixture of gases as well as a metal halide, sulfur, mercury, and sodium. The electrical field inside the plasma lighting system accelerates free electrons, which collide with the ionized gas and metal atoms. This collision excites metal atoms and electrons revolving around the gas, thereby taking them to a high energy state. When the electrons come to their original state from this high energy state, they emit photons, which results in visible light/ultraviolet radiation.

The growth of the market is driven by increasing awareness across the globe about energy-efficient lighting technologies. In addition, initiatives by governments of different countries to encourage the use of energy-efficient lights are also fueling the growth of the market.

However, high costs associated with the installation of plasma lighting equipment act as a major restraint for the growth of the plasma lighting market. The industrial segment accounted for the largest share of around 34.9% of the plasma lighting market in 2018. The horticulture segment of the market is projected to grow at the highest CAGR of 9.0% during the forecast period.

Several players in the plasma lighting market include LUMA Group (US), Ceravision (UK), Hive Lighting (US), Ka Shui Group (China), Green de Corp. (China), Gavita (Netherlands), FusionLux (US), Griffin & Ray (US), Guangzhou Kaiming Industries (China), BIRNS (US), Ningbo Aishi Electric Equipment (China), Solaronix (Switzerland), RFHIC Corporation (South Korea), FERARF (China), Jofam Srl (Switzerland), pinkRF (Netherlands), Ampleon (US), Pure Plasma Lighting (US), LHV Energy (Thailand), and Pandora Green (Italy).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Plasma Lighting Market
4.2 Plasma Lighting Market, By Application
4.3 Europe Plasma Lighting Market, By Country and Application
4.4 Plasma Lighting Market, By Region

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers Increasing Infrastructure Development Activities in Emerging Economies Growing Number of Indoor Farms Equipped With Plasma Lighting Across the Globe Increasing Demand for Energy-Efficient and Long-Lasting Lights
5.1.2 Restraints High Initial Costs of Superior Quality and Energy-Efficient Plasma Lights
5.1.3 Opportunities Replacement of Traditional Lights With Lep Deep Submergence Lights in Marine Applications Legalization of Marijuana Cultivation in North America Resulting in Increased Number of Greenhouses Equipped With Plasma Lighting
5.1.4 Challenges High Costs Involved in the Replacement of Traditional Lights With Plasma Lights
5.2 Value Chain Analysis

6 Plasma Lighting Market, By Application
6.1 Introduction
6.2 Roadways, Streets, and Tunnels
6.2.1 Increasing Demand for Energy Efficient Lighting is Expected to Propel Market in Roadways, Streets, and Tunnels
6.3 Industrial
6.3.1 The Industrial Application Accounted for a Major Share of the Market in 2018
6.4 Sports & Entertainment
6.4.1 By Using Plasma Lighting Solutions, Stadium Operators Can Reach an Efficient Operational Level With Least Energy Usage and Reap the Benefits of Reduced Bills.
6.5 Horticulture
6.5.1 The Demand for Horticulture Plasma Lighting Systems is Higher in Countries With Harsh Weather Conditions
6.6 Others

7 Plasma Lighting Components
7.1 Introduction
7.2 Lightron
7.2.1 Lightron is the Most Important Component of Plasma Lighting System
7.3 Waveguide
7.3.1 Waveguide is Used to Direct Microwaves Towards Cavity Resonator
7.4 Cavity Resonator
7.4.1 Cavity Resonator Minimizes External Rf Interference
7.5 Bulb Assembly
7.5.1 a Bulb is Rotated at a Constant Speed to Evenly Distribute the Plasma and Light

8 Plasma Lighting Wattage (300w, 700w, 1,000w)
8.1 Introduction
8.2 300w
8.2.1 Well-Lit Roadways are Preferable to Prevent Accidents
8.3 700w
8.3.1 Increasing Concerns for Saving Energy Have Led to the Establishment of Stringent Regulations
8.4 1,000w
8.4.1 Plasma Lighting Systems Make Stadiums More Energy Efficient and Save Money

9 Plasma Lighting Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US US is Projected to Lead North America Plasma Lighting Market From 2019 to 2024
9.2.2 Canada Promotion of Energy-Efficient Lights is Fueling Growth of Plasma Lighting Market in Canada
9.2.3 Mexico Generation of Renewable Electric Power and Increased use of Energy-Efficient Lighting is Contributing to Growth of Plasma Lighting Market in Mexico
9.3 Europe
9.3.1 UK Increased Awareness for Energy Conservation is Leading to Growth of Market in UK
9.3.2 Germany Rise in Number of Infrastructure Development Projects is Fueling Growth of Market in Germany
9.3.3 the Netherlands Increased use of Plasma Lights in Horticulture Applications is Contributing to Growth of Market in the Netherlands
9.3.4 France Emphasis on Reducing Energy Consumption is Leading to Growth of Market in France
9.3.5 Italy Increased Focus on Reducing Emissions of Greenhouse Gases is Fueling Growth of Market in Italy
9.4 Asia Pacific (APAC)
9.4.1 China Increased Investments in Manufacturing Sector are Leading to Growth of Plasma Lighting Market in China
9.4.2 Japan use of Plasma Lights for Indoor Farming is Contributing to Growth of Market in Japan
9.4.3 South Korea Formulation of Stringent Standards for the Development of Energy-Efficient Lights is Contributing to Growth of Market in South Korea

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis: Plasma Lighting Market
10.3 Competitive Leadership Mapping
10.4 Competitive Situations and Trends

11 Company Profiles

Key Players

  • Luma Group (Luxim)
  • Ceravision
  • Hive Lighting
  • Ka Shui International Holdings
  • Green De Corp
  • Gavita
  • FusionLux
  • Griffin & Ray
  • Guangzhou Kaiming Industries

Other Ecosystem Players

  • Ningbo Aishi Electric Equipment
  • Solaronix
  • Rfhic Corporation
  • Ferarf
  • Jofam Srl

Start-Up Ecosystem Players

  • Pinkrf
  • Ampleon
  • Pure Plasma Lighting
  • Lhv Energy
  • Pandora Green

For more information about this report visit https://www.researchandmarkets.com/r/v9tey0

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