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.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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