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
The Plasma Lighting Market is expected to be valued at USD 329 million in 2019 and is likely to reach USD 415 million by 2024, at a CAGR of 4.7% during the forecast period. Increasing infrastructure development activities in emerging economies are among the key driving factors for the market. Besides, a growing number of indoor farms equipped with plasma lighting across the globe and increasing demand for energy-efficient & long-lasting lights are among the other factors having a positive impact on the growth of the plasma lighting market.
By application, horticulture segment to grow at highest CAGR during the forecast period
The plasma lighting market for horticulture application is expected to witness significant growth during the forecast period. The requirement to carry out indoor farming is likely to increase across the globe, especially in the urban areas in the coming years. According to the United Nations estimates, nearly 80% of the world’s population is expected to reside in cities and metropolitan areas by 2050. The land available for cultivation is expected to be insufficient to meet the food demand of the urban population. Moreover, the rise in the logistics costs is also likely to contribute to increased prices for fresh vegetables, owing to the growing distance between cities and farms. This, in turn, is expected to contribute to increased demand for indoor farms equipped with plasma lighting in cities, thereby fueling the growth of the plasma lighting market.
Europe to account for the largest market share during the forecast period
In terms of market size, Europe is expected to dominate the plasma lighting market during the forecast period and is likely to witness significant growth in the said market during the forecast period. The use of plasma lights for cultivation across the globe, especially, in Europe is leading to the growth of the horticulture segment of the market. The demand for horticulture plasma lighting systems is higher in countries with harsh winters/erratic climatic conditions as these lights enable crops to grow even in the absence of natural light/sunlight.
Key Market Players
Key players in the plasma lighting market include LUMA Group (Luxim, US), Ceravision (UK), Hive Lighting (US), Ka Shui International Holdings (China), and Green De Crop (China). LUMA Group is a well-known player in market. The focuses on manufacturing innovative lighting products at a low price. The company develops and manufactures plasma lights, high-intensity discharge lamps (HID lamps), induction lights, and LED solutions, especially for industrial applications. It can use its innovative product portfolio to expand its applications in the horticulture sector.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2016–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Value (USD) |
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Segments covered |
Application and Region |
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Geographies covered |
North America, APAC, and Europe |
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Companies covered |
LUMA Group (US), Ceravision (UK), Hive Lighting (US), Ka Shui Group (China), Green de Corp. (China), and Gavita (Netherlands), among others (total 20 players are covered). |
This research report categorizes the plasma lighting market based on application and region.
Plasma Lighting Market, by Application
- Roadways, Streets, and Tunnels
- Industrial
- Horticulture
- Sports & Entertainment
- Others
Market, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, Italy, Netherlands, and Rest of Europe)
- APAC (China, Japan, South Korea, and Rest of APAC)
Recent Developments
- In August 2018, Ceravision (UK) launched UV420 plasma grow-light at the Autopot Show. The UV420 plasma grow-light produces visible blue and green spectrum light and high levels of UV-A light and UV-B light.
- In February 2016, Topanga Asia Limited (Topanga), China, entered into an agreement with Wing Fung (Int’l) Industrial Company Limited (WF) for the subscription of certain Topanga's newly issued shares. With this expansion, WF became Ka Shui Group’s strategic partner to develop the plasma lighting business further.
Critical questions the report Answers:
- Where will all these developments take the industry in the mid to long term?
- What are the emerging applications of plasma lighting systems?
- How are advancements in horticulture and other application areas influencing market?
- Which countries are expected to witness significant growth in the plasma lighting industry?
- What initiatives have companies undertaken to maintain their positions in their market?
Frequently Asked Questions (FAQ):
What are the major drivers and opportunities for new market entrants?
A growing number of indoor farms equipped with plasma lighting across the globe and increasing demand for energy-efficient & long-lasting lights are among the other factors having a positive impact on the growth of the plasma lighting market. Lucrative markets such as China and Netherlands, offer huge growth opportunities for new vendors in the market.
Who are the key vendors operating in this market? What are they focusing on?
Key players in the plasma lighting market include LUMA Group (Luxim, US), Ceravision (UK), Hive Lighting (US), Ka Shui International Holdings (China), and Green De Crop (China). New product launches is among the key strategies adopted by these companies to get competitive edge in the market.
Which region is expected to witness significant demand for Plasma Lighting in the coming years?
In terms of market size, Europe is expected to dominate the plasma lighting market during the forecast period and is likely to witness significant growth in the said market during the forecast period. The use of plasma lights for cultivation, especially, in Europe is leading to the growth of the horticulture segment of the market.
Where will all these developments in the Plasma Lighting market take the industry in the mid to long term?
The Plasma Lighting market is projected to exhibit lucrative growth potential during the forecast period. Increasing adoption of Plasma Lighting solutions in commercial and healthcare verticals and the growing need for cost-effective lighting solutions are some of the factors driving the Plasma Lighting market.
Which application is expected to exhibit highest growth in this market?
Horticulture application to grow at highest CAGR during the forecast period. The land available for cultivation is expected to be insufficient to meet the food demand of the urban population. Moreover, the rise in the logistics costs is also likely to contribute to increased prices for fresh vegetables, owing to the growing distance between cities and farms. This, in turn, is expected to contribute to increased demand for indoor farms equipped with plasma lighting in cities, thereby fueling the growth of the plasma lighting market.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis
2.3 Market Ranking Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 28)
4.1 Attractive Growth Opportunities Market
4.2 Market, By Application
4.3 Europe Market, By Country and Application
4.4 Market, By Region
5 Market Overview (Page No. - 30)
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing Infrastructure Development Activities in Emerging Economies
5.1.1.2 Growing Number of Indoor Farms Equipped With Plasma Lighting Across the Globe
5.1.1.3 Increasing Demand for Energy-Efficient and Long-Lasting Lights
5.1.2 Restraints
5.1.2.1 High Initial Costs of Superior Quality and Energy-Efficient Plasma Lights
5.1.3 Opportunities
5.1.3.1 Replacement of Traditional Lights With Lep Deep Submergence Lights in Marine Applications
5.1.3.2 Legalization of Marijuana Cultivation in North America Resulting in Increased Number of Greenhouses Equipped With Plasma Lighting
5.1.4 Challenges
5.1.4.1 High Costs Involved in the Replacement of Traditional Lights With Plasma Lights
5.2 Value Chain Analysis
6 Market, By Application (Page No. - 34)
6.1 Introduction
6.2 Roadways, Streets, and Tunnels
6.2.1 Increasing Demend 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 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 (Page No. - 37)
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) (Page No. - 39)
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 Market, By Geography (Page No. - 42)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US is Projected to Lead North America Market From 2019 to 2024
9.2.2 Canada
9.2.2.1 Promotion of Energy-Efficient Lights is Fueling Growth of Market in Canada
9.2.3 Mexico
9.2.3.1 Generation of Renewable Electric Power and Increased Use of Energy-Efficient Lighting is Contributing to Growth of Market in Mexico
9.3 Europe
9.3.1 UK
9.3.1.1 Increased Awareness for Energy Conservation is Leading to Growth of Market in UK
9.3.2 Germany
9.3.2.1 Rise in Number of Infrastructure Development Projects is Fueling Growth Market in Germany
9.3.3 The Netherlands
9.3.3.1 Increased Use of Plasma Lights in Horticulture Applications is Contributing to Growth Market in the Netherlands
9.3.4 France
9.3.4.1 Emphasis on Reducing Energy Consumption is Leading to Growth Market in France
9.3.5 Italy
9.3.5.1 Increased Focus on Reducing Emissions of Greenhouse Gases is Fueling Growth of Plasma Lighting Market in Italy
9.3.6 Rest of Europe
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.1.1 Increased Investments in Manufacturing Sector are Leading to Growth Market in China
9.4.2 Japan
9.4.2.1 Use of Plasma Lights for Indoor Farming is Contributing to Growth Market in Japan
9.4.3 South Korea
9.4.3.1 Formulation of Stringent Standards for the Development of Energy-Efficient Lights is Contributing to Growth of Market in South Korea
9.4.4 Rest of Asia Pacific
10 Competitive Landscape (Page No. - 65)
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situations and Trends
10.4.1 Product Launches
10.4.2 Expansions
11 Company Profiles (Page No. - 69)
11.1 Introduction
11.2 Key Players
(Business Overview, Products/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.2.1 Luma Group (Luxim)
11.2.2 Ceravision
11.2.3 Hive Lighting
11.2.4 KA Shui International Holdings
11.2.5 Green De Corp
11.2.6 Gavita
11.2.7 Fusionlux
11.2.8 Griffin & Ray
11.2.9 Guangzhou Kaiming Industries
11.2.10 Birns
* Business Overview, Products/Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11.3 Other Ecosystem Players
11.3.1 Ningbo Aishi Electric Equipment
11.3.2 Solaronix
11.3.3 RFHIC Corporation
11.3.4 Ferarf
11.3.5 Jofam Sàrl
11.4 Start Up Ecosystem Players
11.4.1 Pinkrf
11.4.2 Ampleon
11.4.3 Pure Plasma Lighting
11.4.4 LHV Energy
11.4.5 Pandora Green
12 Appendix (Page No. - 88)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (35 Tables)
Table 1 Market Size, By Application, 2016–2024 (USD Million)
Table 2 Market, By Region, 2016–2024 (USD Million)
Table 3 North America Market, By Country, 2016–2024 (USD Million)
Table 4 North America Market, By Application, 2016–2024 (USD Million)
Table 5 North America Market in Roadways, Streets, and Tunnels, By Country, 2016–2024 (USD Million)
Table 6 North America Market in Industrial, By Country, 2016–2024 (USD Million)
Table 7 North America Market in Horticulture, By Country, 2016–2024 (USD Million)
Table 8 North America Market in Sports & Entertainment, By Country, 2016–2024 (USD Million)
Table 9 US Market, By Application, 2016–2024 (USD Million)
Table 10 Canada Market, By Application, 2016–2024 (USD Million)
Table 11 Mexico Market, By Application, 2016–2024 (USD Million)
Table 12 Europe Market, By Country, 2016–2024 (USD Million)
Table 13 Europe Market, By Application, 2016–2024 (USD Million)
Table 14 Europe Market in Roadways, Streets, and Tunnels, By Country, 2016–2024 (USD Million)
Table 15 Europe Market in Industrial, By Country, 2016–2024 (USD Million)
Table 16 Europe Market in Horticulture, By Country, 2016–2024 (USD Million)
Table 17 Europe Market in Sports & Entertainment, By Country, 2016–2024 (USD Million)
Table 18 UK Market, By Application, 2016–2024 (USD Million)
Table 19 Germany Market, By Application, 2016–2024 (USD Million)
Table 20 Netherlands Market, By Application, 2016–2024 (USD Million)
Table 21 France Market, By Application, 2016–2024 (USD Million)
Table 22 Italy Market, By Application, 2016–2024 (USD Million)
Table 23 Rest of Europe Market, By Application, 2016–2024 (USD Million)
Table 24 Asia Pacific Market, By Country, 2016–2024 (USD Million)
Table 25 Asia Pacific Market, By Application, 2016–2024 (USD Million)
Table 26 Asia Pacific Market in Roadways, Streets, and Tunnels, By Country, 2016–2024 (USD Million)
Table 27 Asia Pacific Market in Industrial, By Country, 2016–2024 (USD Million)
Table 28 Asia Pacific Market in Horticulture, By Country, 2016–2024 (USD Million)
Table 29 Asia Pacific Market in Sports & Entertainment, By Country, 2016–2024 (USD Million)
Table 30 China Market, By Application, 2016–2024 (USD Million)
Table 31 Japan Market, By Application, 2016–2024 (USD Million)
Table 32 South Korea Market, By Application, 2016–2024 (USD Million)
Table 33 Rest of Asia Pacific Market, By Application, 2016–2024 (USD Million)
Table 34 Product Launches (2016–2019)
Table 35 Expansions (2016–2018)
List of Figures (21 Figures)
Figure 1 Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions for Research Study
Figure 7 Market, 2016–2024 (USD Million)
Figure 8 Industrial Segment is Projected to Lead Market From 2019 to 2024
Figure 9 Europe to Hold Largest Share of Assistive Robotics Market By 2018
Figure 10 Increasing Adoption of Plasma Lighting in Europe is Driving Growth of Market
Figure 11 Industrial Segment to Lead Market From 2019 to 2024
Figure 12 Germany and Industrial Segment are Projected to Lead Europe Market in 2024
Figure 13 Asia Pacific Market is Projected to Grow at the Highest CAGR From 2019 to 2024
Figure 14 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Market, By Application, 2016–2024 (USD Million)
Figure 16 Europe is Projected to Lead Market From 2019 to 2024
Figure 17 North America Market Snapshot
Figure 18 Asia Pacific Market Snapshot
Figure 19 Ranking of Key Players in Market (2018)
Figure 20 Market (Global) Competitive Leadership Mapping, 2018
Figure 21 KA Shui International Holdings: Company Snapshot
The study involved four major activities in estimating the current size of the plasma lighting market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and sub segments of plasma lighting market.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include plasma lighting-related journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the plasma lighting market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the abovementioned estimation process, the total market was segregated into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of market. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.
Report Objectives
The following are the major objectives of the study.
- To describe, segment, and forecast the size of the plasma lighting market based on application and region, in terms of value
- To describe and forecast the size of the market, in terms of value for North America, Europe, and Asia Pacific (APAC), along with their respective key countries
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the market
- To strategically profile key players in the market and comprehensively analyze their market share and core competencies
- To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Plasma Lighting Market