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Global plasma lighting market


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Global plasma lighting market size was US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 4.7% during forecast period.



Global Plasma Lighting Market

The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis

Market Definition

Plasma lighting is commonly known as light emitting plasma (LEP). Plasma lighting includes electrodeless discharge lamp, where the power is transferred from outside the lamp enclosure using high frequency electromagnetic radiation. It also needs a separate low-voltage DC power supply to deliver power to the high-frequency driver.

Market Dynamics

Growing requirement for energy-efficient lighting solutions and lights with long lifespan are major driving factors behind the growth of market. Surge in the infrastructure development activities in developing economies, increasing popularity and adoption of indoor farming system equipped with plasma lighting across the world, growing switch towards plasma lighting over traditional lighting system in marine applications, rising demand of LEP in large outdoor areas and high ceiling applications and high adoption of LEP in Greenhouses across the globe are expected to improve the growth of market during forecast period. Plasma lighting provides some benefits such as long life, high energy efficiency, better lumen maintenance, improved dimming performance, better color rendering, high light output and lower price compared to LEDs are ultimately propelling the growth of market.

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Target Nation: All Nations
Target City : pune
Last Update : 04 July 2020 12:39 PM
Number of Views: 4
Item  Owner  : geeta
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2020-07-05 (0.108 sec)