Dublin, September 03, 2021.– (Business Wire) – “Plasma Lighting Market: Growth, Trends, COVID-19 Impact and Forecasts (2021-2026)” ResearchAndMarkets.com’s Presenting.
The plasma lamp market forecast is expected to grow by 5% CAGR in 2021-2026
One of the main reasons driving the market is its ability to save energy and reduce operating costs compared to metal halide or sodium HDID lamps. According to Lonmark International, plasma lamps can reduce energy consumption by up to 70%.
Europe is a major player in the horticultural market and continues to grow with other European countries by promoting plant factories and providing subsidies to meet local needs. The addition of plasma lamps in fruits and vegetables is expected to provide significant potential for the plasma lamp market. A.D. According to a report published by the Center for Light Research in 2018, more than 50% of farmers who use extra light to grow crops, 25% of them use fluorescent or lighting technology as plasma lamps.
However, in fruits and vegetables, plasma lighting is more competitive than LED lighting. Adoption of LEDs is currently on the rise due to their energy-saving and maintenance-related benefits. Further performance and cost-effectiveness, plasma lighting can increase the efficiency of lighting in gardening.
The plasma lamp market is relatively competitive but it is expected that more sellers will enter the market during the review period. Key players are investing in research and development to keep them competitive in the market, such as new product launches.
Covered Topics:
1 Introduction
2 research method
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market drivers
4.2.1 Increasing demand for efficient and long-lasting lighting system is driving the market during the forecast period.
4.3 Market Restrictions
4.3.1 Availability of alternative technologies
4.4 Market Opportunity
4.4.1 Increasing usage in gardening
4.5 Industry Value Chain Analysis
4.6 Industrial attractiveness – Porter’s five power analysis
5 Market activity
5.1 By application
5.1.1 Street lights
5.1.2 Parking
5.1.3 Sport
5.1.4 Industrial
5.1.5 Others
5.2 Geography
6 Competitive Landscaping
6.1 Company Profiles
6.1.1 Ceravision Limited
6.1.2 Hive Light Inc.
6.1.3 Shui International Holdings
6.1.4 Green de Corporation Limited
6.1.5 Gavita International BV
6.1.6 Griffin and Ray (Saturn’s Foreign Trade LLC)
6.1.7 BIRNS, Inc.
6.1.8 DRSA (Daniel R. Smith and Associates, Inc.)
6.1.9 Amco Solara Lighting Co., Ltd.
7 Market Opportunities and Future Trends
For more information on this report, visit https://www.researchandmarkets.com/r/i8wn53
See source version on businesswire.com: https://www.businesswire.com/news/home/20210903005199/en/
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