Plasma lights are electrodeless and gas discharge lamps that use radio frequency (RF) power to ignite plasma enclosed in a transparent bulb. This bulb contains a noble gas or a mixture of gases as well as a metal halide, sulfur, mercury, and sodium. The electrical field inside the plasma lighting system accelerates free electrons, which collide with the ionized gas and metal atoms. This collision excites the metal atoms and electrons revolving around the gas, taking them to a high energy state. When these electrons return to their original state from this high energy state, they emit photons, which results in visible light/ultraviolet radiation. 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. Roadway, street, & tunnel; and industrial are the two key applications which dominate the plasma lighting market and are also responsible for its significant growth.
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Major players in the plasma lighting market have primarily adopted the strategy of product launch and expansion to strengthen their position in the market.
LUMA Group (US) and Ceravision (UK) are among the major players in the plasma lighting market. LUMA 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.
Ceravision is a member of UV4Plants, a recently formed International Association for Plant UV Research. This membership has enabled the company to develop high-value nutritional foods. The company focuses on R&D activities to introduce new products in the horticulture space. The company is also exploring new growth opportunities in applications such as reptile houses, lighting for artificial coral growth, stadium turf maintenance, UV-C treatments, UV-C germicidal irradiation for water sterilization, and UV-C germicidal irradiation for air purification.
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 to 2024
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