Arc-based Plasma Lighting Market, By Light Source (Xenon Arc Lamps, Metal Halide Lamps, Deuterium Lamps, Krypton Arc Lamps, Mercury Vapor Lamps), By Wattage Type (Below 500 W, 501 to 1,500 W, Above 1,500 W), By Application & Forecast, 2024 – 2032

Arc-based Plasma Lighting Market Size

Arc-based Plasma Lighting Market was valued at USD 621.3 million in 2023 and is estimated to register a CAGR of over 2.5% between 2024 and 2032. Advancements in smart lighting technologies and integration are driving the industry growth by enhancing the functionality and efficiency of lighting systems.
 

Smart lighting allows for features such as automated control, energy optimization, and integration with smart home ecosystems. These capabilities make arc-based plasma lights more attractive for commercial and industrial applications, where energy management and cost savings are critical. Additionally, these smart technologies cater to the increasing consumer demand for customizable and intelligent lighting solutions, further boosting market adoption. For instance, in December 2023, Ushio Inc. and TNO, a Dutch research and technology organization, strengthened their partnership through a new five-year maintenance and collaboration agreement. Ushio supplied TNO with high-intensity EUV light source in TNO’s EBL2 facility.
 

The growing demand for sustainable and eco-friendly lighting is a significant growth driver for the arc-based plasma lighting market as these lights are highly energy-efficient and have a long lifespan, reducing environmental impacts. They produce high-quality light with lower power consumption, aligning with global trends toward reducing carbon footprints and energy costs. Additionally, the increasing awareness of climate change and government policies promoting green technologies are boosting the adoption of such eco-friendly lighting solutions, further driving market growth.
 

The high initial cost compared to traditional lighting is a significant pitfall for the arc-based plasma lighting industry as it can deter potential customers from investing in the technology, despite its long-term benefits. Many consumers and businesses prioritize upfront costs over long-term savings, leading them to choose cheaper & more familiar lighting solutions such as LEDs or fluorescent lights. This cost barrier can slow market penetration, limit widespread adoption, and reduce the competitive edge of arc-based plasma lighting in the broader lighting industry.
 

Arc-based Plasma Lighting Market Trends

Arc-based plasma lighting is becoming popular in horticulture as it emits full-spectrum light that closely resembles natural sunlight. This type of light is crucial for photosynthesis and the overall plant health, leading to better growth and higher yields. Its ability to provide balanced light helps plants develop more robustly compared to traditional artificial lighting sources.
 

Government incentives and regulations promoting energy-efficient lighting are encouraging adoption and driving market growth by offering financial benefits, such as tax credits, rebates, and subsidies, to businesses and consumers who invest in arc-based plasma lighting. These policies also set stringent energy consumption standards, thereby pushing industries to adopt more efficient lighting solutions to comply and avoid penalties.
 

Arc-based Plasma Lighting Market Analysis

Based on light source, the market is segmented into Xenon arc lamps, metal halide lamps, deuterium lamps, krypton arc lamps, and mercury vapor lamps. The metal halide lamps segment is expected to reach over USD 290 million by 2032.
 

• Metal halide lamps are experiencing growth due to their high efficiency, powerful output, and versatility. They offer excellent color rendering properties, making them suitable for various applications such as sports lighting, outdoor area lighting, and large indoor spaces such as warehouses and factories.
   
• Additionally, advancements in metal halide lamp technology, including improved lifespan and energy efficiency, are further driving its adoption as a reliable and cost-effective lighting solution in commercial & industrial settings.
   

Based on wattage type, the market is segmented into below 500W, 501 to 1,500W, and above 1,500W. The above 1,500W segment is expected to register a CAGR of over 4% during the forecast period.
 

• Arc-based plasma lighting with wattage above 1,500W is experiencing growth due to its suitability for large-scale applications such as stadiums, arenas, and industrial facilities. These high-wattage systems provide intense illumination over vast areas, meeting the demanding lighting requirements of such environments.
   
• Additionally, advancements in technology have improved efficiency and durability, making them more attractive to industries seeking reliable and high-performance lighting solutions for their operations, thereby driving market growth in this segment.
   

North America dominated the global arc-based plasma lighting market in 2023 with over 30% of the total revenue share. There is an increasing focus on energy efficiency and sustainability, driven by government initiatives promoting the adoption of eco-friendly lighting solutions. Additionally, the region has a strong industrial sector, which requires high-quality lighting for operations and safety. Moreover, technological advancements and innovations in arc-based plasma lighting are gaining traction in North America, attracting investments, and driving market growth as businesses seek efficient & reliable lighting solutions to meet their needs.
 

Arc-based Plasma Lighting Market Share

Signify Holding and Ushio Inc. held a significant share of over 10% in the market in 2023. Signify Holding, formerly known as Philips Lighting, is a global leader in lighting technology and solutions. It offers a comprehensive range of arc-based plasma lighting systems, focusing on energy efficiency, durability, and quality. Signify provides innovative lighting solutions for various applications including smart lighting systems, urban infrastructure, and commercial spaces. Signify continues to drive advancements in the arc-based plasma lighting industry with a strong emphasis on sustainability and cutting-edge technology, catering to the evolving needs of industries and consumers worldwide.
 

Ushio Inc. is a prominent manufacturer of lighting products, including arc-based plasma lighting systems, for diverse applications. It specializes in medical, scientific, industrial, and entertainment lighting products and offers high-performance solutions known for their reliability and quality. The company’s arc-based plasma lighting products cater to industries requiring precise and efficient lighting such as medical diagnostics, scientific research, and entertainment venues. Ushio Inc. continues to contribute to advancements in lighting technology across various sectors with a global presence.
 

Arc-based Plasma Lighting Market Companies

Major players operating in the Arc-based plasma lighting industry are:

• Agilent Technologies, Inc.
• Ams-OSRAM AG
• Excelitas Technologies Cor
• Hamamatsu Photonics K.K.
• LEDVANCE GmbH
• Signify Holding
• Ushio Inc.
   

Arc-based Plasma Lighting Industry News

• In January 2024, Excelitas Technologies Corp., a prominent manufacturer of industrial and medical technology dedicated to providing cutting-edge photonic solutions, announced the acquisition of the Noblelight business from Heraeus Group, with significant prospects to maximize their collective capabilities, ensuring optimal service to their valued customers and sustaining a rapid trajectory toward profitable expansion.
   
• In December 2023, Lumartix, a Swiss firm that focuses on plasma light engine technology, created a solar simulator for conducting characterization, aging, and stabilization tests, along with light-soaking and solar-simulation capabilities. The Solixon A-22 simulator is tailored to various PV technologies such as thin-film and perovskite solar cells.
   

The arc-based plasma lighting market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Light Source

• Xenon arc lamps
• Metal halide lamps
• Deuterium lamps
• Krypton arc lamps
• Mercury vapor lamps

Market, By Wattage Type

• Below 500 W
• 501 to 1,500 W
• Above 1,500 W

Market, By Application

• Entertainment & projection
• Searchlight & spotlight
• Solar simulation and environmental testing
• Spectroscopy
• Medical lighting
• Microscopic lights
• UV applications
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA