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Arc-based Plasma Lighting Market Share

Report ID: GMI9598
Published Date: May 2024
Report Format: PDF

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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.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for arc-based plasma lighting was USD 621.3 million in 2023 and is expected to register over 2.5% CAGR from 2024-2032 owing to the growing demand for sustainable and eco-friendly lighting worldwide.

Arc-based plasma lighting industry from the above 1,500W segment and is expected to register over 4% CAGR from 2024-2032 due to its suitability for large-scale applications such as stadiums, arenas, and industrial facilities.

North America industry held over 30% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing focus on energy efficiency and sustainability in the region.

Agilent Technologies, Inc., Ams-OSRAM AG, Excelitas Technologies Cor, Hamamatsu Photonics K.K., LEDVANCE GmbH, Signify Holding, and Ushio Inc., are some of the major arc-based plasma lighting companies worldwide.