High Pressure Sodium Light Market - Global Industry Analysis, Size, Share, Key Trends, Growth, and Forecasts 2018 - 2028
Global High Pressure Sodium Light Market: Overview
Light has been one of the most critical discoveries of lifetime. Imagine life without light. It is so important today that, it accounts for nearly half of the electrical equipment used across the world. One of the earliest discoveries of lights is sodium vapor lamp, and for nearly seven decades the product has remained in importance. There are two types, low and high pressure sodium lamps. Among these, high pressure has its own applications.
The global high pressure sodium lamps market has experienced significant demand in the last few years, and is predicted to grow at a better pace in the coming years. High pressure sodium lamps light at a higher internal vapor pressure, and takes nearly 5-10minutes to light up. This is principle difference between low and high pressure lamps.
Global High Pressure Sodium Light Market: Notable Developments
Competition in the global high pressure sodium lights is fueled by innovation. Most players are trying to develop products that consume less power and emit less heat, thus improving their energy efficiency and shelf life. Also, manufacturers are searching for new applications of products in the global high pressure sodium lights market.
Besides these aspects, players in the global high pressure sodium lights market are also investing on acquiring or merging with bigger brands and regional players. This way they are able to sustain in the business and at the same time expand their global footprint. Some of the major players in the global high pressure sodium light market are Philips, LENGGUANG, General Electric, Lithonia Lighting, and Norman Lamps.
Global High Pressure Sodium Light Market: Key Trends
Industries to Stimulate Consumption
One of the primary consumers in the global high pressure sodium lamps market are industries. Large scale industries where work is on 24x7, require high power lighting facilities. With industries expanding their manufacturing facilities and increasing production, the demand for products in the global high pressure sodium lamps market is expected to grow in the coming years.
Mining Areas to Sustain Demand
Mines are a key consumer for players in the global high pressure sodium lamps market. As mines require digging deep into the earth to excavate materials, they need intense lighting. Products in the global high pressure sodium lamps market can offer light that can scatter in all directions and help miners identify materials deep under the earth.
Transport Industry to Augment Growth
Another important application of high pressure sodium lamps is the transport sector. Many countries are digging underground or underwater tunnels to facilitate smaller routes and faster transportation. These tunnels are pitch dark and hence need high power lighting to facilitate smooth movement of trains or vehicles. This creates opportunities for players in the global high pressure sodium lamps market to explore new avenues. As more rail and road projects take shape, the demand for products in the global high pressure sodium lamps market will rise in the coming years.
Global High Pressure Sodium Light Market: Geographical Distribution
Geographically, Asia Pacific is believed to lead the global high-pressure sodium light market in the coming years. With growing industrialization, mining activities, development of real estate, and expanding road and rail network, the demand in the global high pressure sodium light market is expected to rise in the coming years. Meanwhile, demand in North America and Europe will continue to remain stable in the coming years.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report