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Arc-Based Plasma Lighting Market Heats Up: New Report Forecasts Growth

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Arc-Based Plasma Lighting Market Heats Up: New Report Forecasts Growth

May 20
17:05 2024
Arc-Based Plasma Lighting Market Heats Up: New Report Forecasts Growth
Arc-Based Plasma Lighting Market
Arc-Based Plasma Lighting Market is valued at US$ 608.1 Mn in 2023, and it is expected to reach US$ 697.4 Mn by 2031, with a CAGR of 1.82% during the forecast period of 2024-2031.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Arc-Based Plasma Lighting Market – (By Light Source (Xenon Arc Lamps, Metal Halide Lamps, Krypton Arc Lamps, Mercury Vapor Lamps, Deuterium Lamps), By Wattage Type (Below 500 W, 501 W to 1500 W, Above 1500 W), By Application (Entertainment & Projection, Searchlight & Spotlight, Solar Simulation and Environmental Testing, Spectroscopy, Medical Lighting, Microscopic Lights, UV Applications, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”

According to the latest research by InsightAce Analytic, the Global Arc-Based Plasma Lighting Market is valued at US$ 608.1 Mn in 2023, and it is expected to reach US$ 697.4 Mn by 2031, with a CAGR of 1.82% during the forecast period of 2024-2031.

 

Arc-based plasma lighting is used to describe an artificial lighting system that leverages a plasma electric arc to generate intense light using the principles of electromagnetic induction. This technique involves producing light. Many industries are showing interest in arc-based plasma lighting due to its many potential uses, including ultraviolet applications, entertainment, and projection, as well as its high light quality, extended lifespan, and durability. The rising demand for it in many industries is fueling its market expansion due to its consistent performance regardless of temperature fluctuations and its ability to work efficiently in challenging environments. In addition, the market for arc-based plasma lighting is expected to grow due to technological breakthroughs that are improving its bulb life and luminous efficacy, which in turn increase its appeal and broaden its range of practical applications. However, because of their very high starting costs when compared to more conventional lighting options, arc-based plasma lighting systems have not yet achieved widespread use, which hindered the market’s growth. The rising use of arc-based plasma lighting systems is also attributable to efforts and legislation that aim to decrease energy consumption and carbon footprints in public infrastructure projects. This includes illumination for streets and public venues, thereby boosting market growth.

 

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List of Prominent Players in the Arc-Based Plasma Lighting Market:

  • Ams-OSRAM AG
  • Signify Holding 
  • Ushio Inc. 
  • Excelitas Technologies Corp. 
  • Hamamatsu Photonics K.K. 
  • LEDVANCE GmbH 
  • Newport Corporation 
  • Superior Quartz Products, Inc. 
  • Amglo Kemlite Laboratories
  • Venture Lighting International
  • Thorlabs, Inc.
  • Sciencetech
  • Cole-Parmer Instrument Company, Llc
  • Litetronics
  • Larson Electronics
  • Advanced Strobe Products, Inc.
  • Agilent Technologies, Inc.
  • Quantum Design Inc.
  • Helios Quartz Group
  • Applied Photon Technology, Inc.
  • Advanced Radiation Corporation
  • Dymax
  • Jelight Company Inc.
  • Blc International, Inc.
  • Other Market Players

Market Dynamics:

Drivers- 

With the growing demand for arc-based plasma lighting because of its longer lifespan and higher energy efficiency, plasma lighting is a great choice for public, commercial, and industrial applications that are looking to save money and drive market growth. Plasma lighting is perfect for stadium lighting, upscale retail, and horticultural settings due to its great colour rendering quality and exceptional brightness, which are necessary for these types of applications. Global regulatory trends are increasingly seeking greener, more sustainable lighting solutions, which is great news for the environment. The benefits include reduced energy usage and the lack of dangerous elements like mercury. Because of the regulatory climate, more and more enterprises and municipalities are adopting it in their pursuit of sustainability, and the reduction of carbon footprints is driving the market growth.

Challenges:

Customers aren’t knowledgeable about arc-based plasma lighting systems. Plasma lighting’s operational qualities and benefits are not widely understood, which can hinder its adoption rates because customers prefer more familiar technologies. In addition, places like stadiums, tall tower lighting, and specific industrial uses necessitate bright, high-quality illumination. Due to their niche character, many markets are not able to support arc-based plasma lighting solutions on a larger scale. Moreover, installation and maintenance of arc-based plasma lighting systems can be trickier compared to other lighting options. The intricacy has also hindered the market’s growth.

Regional Trends:

The Asia Pacific arc-based plasma lighting market is anticipated to register a maximum market share in revenue. It is projected to grow at a high CAGR in the near future because of the strong commercial and industrial sectors in the area, which necessitate lighting solutions that are both aesthetically pleasing and environmentally friendly. The use of arc-based plasma lighting is being driven by the Asia Pacific emphasis on energy conservation and sustainable development, which are factors expected to increase the growth of the arc-based plasma lighting market in the region. Besides, Europe had a considerable market share due to the region’s concentration of arc-based plasma lighting industry heavyweights, rules and activities aimed at decreasing energy consumption and carbon footprints in public infrastructure projects, and the constant stream of technical advances to grow the global arc-based plasma lighting market.

 

Curious About This Latest Version Of The Report? Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/2471

 

Recent Developments:

  • In Jan 2022, Excelitas Technologies® Corp. introduced the µPAX-3 Pulsed Xenon Light Source. The µPAX-3 is a light source that combines an innovative lamp design with advanced circuitry and components. The device emitted short bursts of wide-spectrum light with remarkable stability of the electric discharge. The µPAX-3 module comprised a compact cubic design that incorporated an integrated flashlight, trigger circuit, capacitor charging power supply, and precise arc alignment.

 

Segmentation of Arc-Based Plasma Lighting Market-

By Light Source-

  • Xenon Arc Lamps
  • Metal Halide Lamps
  • Krypton Arc Lamps
  • Mercury Vapor Lamps
  • Deuterium Lamps

By Wattage Type-

  • Below 500 W
  • 501 W to 1500 W
  • Above 1500 W

By Application-

  • Entertainment & Projection
    • Cinema Projectors
    • Large Venue Projectors
    • Photography
    • Scenery Lighting
    • Large Venue Lighting
    • Searchlight & Spotlight
      • Civil, Military and Land
      • Air and Runways
      • Maritime and Ports
      • Solar Simulation and Environmental Testing
        • Automotive
        • Photovoltaic Industry
        • Aeronautic & Aerospace
        • Equivalent Sun Hours
        • UV-Compatibility
        • Others
        • Spectroscopy
          • Broadband Light Source
          • Absorptivity Measurements
          • UV Spectroscopy
          • Spectrophotometry
          • High -Performance Liquid Chromatography (HPLC) and Ultra-High Liquid Chromatography (UHPLC)
          • Fast Protein Liquid Chromatography (FPLC)
          • Medical Lighting
            • Endoscopic Lights
            • Dental and Surgical Lights
            • Identify and Analyze Samples that responds to UV
            • Microscopic Lights
            • UV Applications
              • Ozone Production
              • UV Curing in Printing
              • Adhesive Bonding
              • Disinfection and Sterilization of Surfaces
              • Water Treatment & Sterilization and Air Purification
              • Others
                • Laser Pumping
                • Additive Manufacturing
                • Photoionization
                • Analytical Instrumentation
                • Capillary Electrophoresis
                • Lithography
                • Quality Control
                • Chemical Synthesis
                • Photochemical Processes
                • DLP, 3LCD, and LCoS Projectors

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

 

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