Posted 11/27/2023, 4:15:00 AM
Premium Lighting Market Forecasted to Grow Over $140 Million by 2028 Despite Alternative Lighting Competition
- Market expected to grow by $143.06 million from 2023 to 2028, driven by premiumization of lighting products
- 300-watt plasma lamps segment will see significant growth due to demand for brighter, longer-lasting lighting
- Europe to contribute 29% to market growth
- High use of alternative lighting products poses a challenge to growth
- Key players include Ampleon Netherlands, BIRNS Inc., Gavita International, Hive Lighting, and Ka Shui International