The Plasma Lighting Market is expected to grow at a CAGR 3.19% rate during the forecast period. Factors such as increasing infrastructure development activities in emerging economies, growing number of indoor farms equipped with plasma lighting across the globe and increasing demand for energy-efficient & long-lasting lights are expected to drive the growth of the plasma lighting market.
The market for horticulture application is expected to grow at the highest rate 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.
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 and is likely to witness significant growth. 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 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 the plasma lighting market.
Key Questions Addressed by the Report
· 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 the plasma lighting 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?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Increasing Infrastructure Development Activities in Emerging Economies
3.1.2.Growing Number of Indoor Farms Equipped With Plasma Lighting Across the Globe
3.1.3.Increasing Demand for Energy-Efficient and Long-Lasting Lights
3.2.1.High Initial Costs of Superior Quality and Energy-Efficient Plasma Lights
3.2.2.High Costs Involved in the Replacement of Traditional Lights With Plasma Lights
3.3.1.Replacement of Traditional Lights With Lep Deep Submergence Lights in Marine Applications
3.3.2.Legalization of Marijuana Cultivation in North America Resulting in Increased Number of Greenhouses Equipped With Plasma Lighting
4. Executive Summary
5. Plasma Lighting Market, By Application
5.1. Roadways, streets and tunnels
5.3. Sports entertainment
6. Plasma Lighting Market, By Component
6.3. Cavity resonator
6.4. Bulb assembly
7. Plasma Lighting Market, By Wattage
8. Plasma Lighting Market, By Region
8.1. North America
8.2.6.Rest of Europe
8.3. Asia Pacific
8.3.3.Rest of APAC
8.4. Rest of the World
9. Company Profiles
9.1. Leading Companies in Plasma Lighting Market
9.1.4.KA Shui International Holdings
9.1.5.Green De Corp
9.1.8.Griffin and Ray
9.1.9.Guangzhou Kaiming Industries
9.2. Other Companies in Plasma Lighting Market
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports