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Plasma Lamps Market Size, Trends, Demand and Growth Forecast to 2023

The plasma lamp market is growing at a significant rate due to power savings with the use of plasma lamps, long term savings and benefits, highest scotopic luminosity compared to any other lighting solutions, and longer lifespan of plasma lights compared to conventional lighting solutions.

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Increasing demand for energy efficient lighting systems, and development of wireless technologies for smart lighting systems are some of the factors creating ample opportunities for the plasma lamp market to grow in the coming years.

Plasma lights offer the fullest spectrum of lighting and work through light emitting plasma bulbs which energize a quartz bulb to generate solid state light source. Usage of plasma lamps can save more than 40% of energy, which in turns save more than one-third of the electricity bills. Moreover, plasma lamps are twice as efficient as LED bulbs available in the market. Some of the factors driving the plasma lamp market are less heat emission compared to other light sources and less energy consumption to get the same visual acuity.

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North America leads the plasma lamp market and is expected to lead in the coming years also. Building owners, government, utilities and other shareholders in the region are supporting the employment of plasma lamps on wider scale due to concern regarding energy consumption. The Asia-Pacific plasma lamp market is expected to grow with the highest rate in the coming years due to high growth potential in the industrial and commercial application of plasma lamps.

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Some of the major companies in the global plasma lamp market are Ceravision Limited, Plasma International GmbH, Solaronix SA, Hive Lighting, Inc., Lumartix SA, Topanga Technologies, Inc., and Luxim Corporation. Ceravision Limited had recently launched a combined luminaire and lamp, Alvara, to be used in street lighting applications.

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