Plasma Lamp Market Forecast to See Solid Growth Despite Alternative Lighting Competition
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The plasma lamp market is forecast to grow by $143.06 million from 2023 to 2028, driven by premiumization of lighting product designs.
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High use of alternative lighting products poses a key challenge to plasma lamp market growth.
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The 300-watt segment will see significant plasma lamp market share growth during the forecast period.
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Europe is estimated to contribute 29% to the growth of the global plasma lamp market.
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Key plasma lamp companies include Ampleon Netherlands, BIRNS Inc., Gavita International, Hive Lighting, and Ka Shui International Holdings.