Industry Background:
Growing popularity in emerging countries will help to boost global plasma lighting market in the forecasted period. The plasma light market is increasing at a substantial rate due to power savings with the use of plasma lamps, long term savings and benefits, highest scotopic luminosity compared to any other lighting solutions, and longer lifespan of plasma lights compared to conventional lighting solutions. Growing demand for energy-efficient lighting systems and development of wireless technologies for smart lighting systems are some of the factors creating ample opportunities for the plasma light market to grow in the coming years. Legalization of Marijuana Cultivation in North America Resulting in Increased Number of Greenhouses Equipped With Plasma Lighting.
According to AMA Research, the market for Plasma Lighting is expected to register a CAGR of 4.2% during the forecast period to 2027. This growth is primarily driven by Increasing Demand for Energy Efficient Lights
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electrical Components & Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as LUMA Group (United States), Ceravision (United Kingdom), Hive Lighting (United States), Ka Shui Group (China), Green de Corp. (China), Gavita (Netherlands), Griffin & Ray (United States), Guangzhou Kaiming Industries (China), BIRNS (United States) and FusionLux (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28th March 2022, MURAL, the leading provider of digital workspaces for guided visual collaboration, announced the acquisition of LUMA Institute (LUMA), a globally recognised leader in preparing people to be collaborative problem solvers through acclaimed learning experiences, digital resources, and certification programmes. LUMA transforms enterprise-scale team collaboration and innovation.
On 6th June 2022, Luma Health introduces LumaPay, a new service for healthcare systems that offers patients a more convenient and transparent financial journey. LumaPay is the first module of LumaFinancial, the financial product within Luma's Patient Success Platform, and it allows patients to pay their bills via text messages or the websites of their providers.This includes M&A, new product development, and the global plasma lighting market's competitive landscape. An analysis of the industry's competitive intensity using Porter's Five Forces model Gavita (Netherlands), Green de Corp. (China), Griffin & Ray (US), FusionLux (US), BIRNS (US), Guangzhou Kaiming Industries (China), Ningbo Aishi Electric Equipment (China), and others are among the leading manufacturers of plasma lighting.
Regulatory Insights:
According to convention, for the initial start characteristic (possibly starting ability, activation) that improves the plasma lighting system, seeing that temperature characteristicisitic over time, the heater current heats the plasma illuminator completely before applying voltage to the magnetron's high voltage drive unit. However, the plasma lighting system of the correlation technique does not regulate the function of electron emission amount, which can cause the WLAN to be disrupted. Furthermore, because the relevant plasma lighting system cannot vary the initial heating electric current with the operating current, the noise produced by the plasma lighting system can cause WLAN communication jamming.
Plasma Lighting Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Demand for Energy Efficient Lights
- Rising Government Initiatives toward Energy Conservation
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Influencing Trends | - Fueling Popularity of Indoor Farms Equipped With Plasma Lighting
- Growing Infrastructure Development Activities in Developing Countries
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Restraints | - High Cost for Installation
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Road Blocks / Challenges | - Rising Concern Regarding High Replacement Cost From Traditional Light to Plasma Light
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Gaps & Opportunities | - Huge Demand for Lep Deep Submergence Lights in Marine Applications
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Plasma Lighting Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Plasma Lighting Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Plasma Lighting players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plasma Lighting Study Sheds Light on
The Plasma Lighting Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plasma Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plasma Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.