Global High Intensity Discharge Lamps Overview
High Intensity Discharge Lamps Market was valued at US$ 2.81 Billion in 2024 and is projected to grow at a CAGR of 3.70% to reach US$ 4 Billion by 2034.
Prophecy Market Insights has recently published its insights on “High Intensity Discharge Lamps Market” for the forecast period of 2024-2034. The market is segmented into By Type (Gas Discharge Lamp, Electrodeless Discharge Lamp, and High-Pressure Gas Discharge Lamp), By Application (Architectural, Automotive, Street Lighting, Domestic, and Hospitality Industry), and By Region.
This market is expected to witness significant growth during the forecast period on account of wide applications of HID bulbs in large public areas, movie theaters, warehouses, large sized spots stadium, and parking lots. In addition, color of HID lamps has enhanced the target market growth as it gives a white-colored light with a tint of blue due to the gas instead of a filament inside its bulb. Moreover, the duration of a typically HID kit is about 2500 hours, which is usually good and is boosting growth of the global market. High Intensity Discharge Lamps Market size was valued at US$ 4 Billion by 2034 and is expected to grow at a CAGR of around 3.70% from 2024 to 2034.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia-Pacific is anticipated to be the major HID bulb market over the forecast period. This is attributed due to use of high intensity discharge bulb in automotive and architectural sector of China, India and Japan. Europe is expected to be the second largest HID bulb market over the forecast period.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2023 is considered as base year and 2024 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
High intensity discharge lamps market report segments the market on the basis of type, application, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the high intensity discharge lamps market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global high intensity discharge lamps market. For instance, in 2018, Halonix Technologies Pvt. Ltd., one of the country's most enlightened and environment friendly companies has launched widespread smart lighting products. The company also aims to break into newer markets and achieve over 20-22 % YoY growth rate in next five years.
- Lithonia Lighting, Inc.
- Bulbrite Industries, Inc.
- Acuity Brands Lighting, Inc.
- Crompton Greaves Power & Industrial Solutions Limited
- Feit Electric Company, Inc.
- EYE Lighting International, Inc.
- General Electric Corporation
- Havells India Limited
- Larson Electronics LLC
- Halonix Technologies Pvt Ltd.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
High intensity discharge lamps market report segments the market on the basis of type, application, and region.
The High Intensity Discharge (HID) Lamps market is driven by urbanization, infrastructure development, industrialization, demand for efficient outdoor lighting, automotive headlight adoption, and government initiatives promoting sustainable lighting solutions.
The report typically considers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to dominate the High Intensity Discharge Lamps market due to rapid urbanization, infrastructure development, and industrial growth in countries like China and India, driving demand for efficient outdoor lighting solutions.
The prominent players operating in the High Intensity Discharge Lamps Market includes, Lithonia Lighting, Inc., Bulbrite Industries, Inc., Acuity Brands Lighting, Inc., Crompton Greaves Power & Industrial Solutions Limited, Feit Electric Company, Inc., EYE Lighting International, Inc., General Electric Corporation, Havells India Limited, Larson Electronics LLC, Halonix Technologies Pvt Ltd. and others.