Owing to the benefits of sodium lamp energy-efficiency than any other light source currently in the market, the sodium lamp is experiencing rapid demand thus fostering remarkable progress in global sodium lamp market. As solid-state light sources, LEDs are extremely durable, have extended lifespans, require little upkeep, and have minimal power requirements thus experiencing rapid demand in the market.
The global market for the Sodium Lamp is anticipated to develop at a compound annual growth rate (CAGR) of 11.16% throughout the course of the forecast, to reach USD 17.4 Billion by 2030.
Covid-19 Impact & Market Status
The majority of enterprises throughout the world have been hit by the COVID-19 epidemic. This also includes the market for sodium lamps. The global sodium lamp market experienced shocks as a result of the pandemic's greatest impact on the energy sector as well as the severe limitations and lockdowns put in place by governments all around the world. Due to manpower shortages and the government's implementation of stringent laws to stop the spread of disease beyond 2020, all new projects have been delayed and all ongoing projects have been abandoned. The global sodium lamp market for sodium lamps is anticipated to reach USD 356.8 million in 2022 as a result of the COVID-19 epidemic.
This global sodium lamp market report offers a detailed overview of the market dynamics, competitive environment, restraining and driving factors, and more.
High-pressure Sodium Lamps to Emerge as the Most Lucrative Segment
The global sodium lamp market is divided into High-Pressure Sodium Lamp and Low-Pressure Sodium Lamp based on the type. Over the projection period, high-pressure sodium lights are expected to rule the market. Due to its superior colour rendition over low-pressure sodium lights, high-pressure sodium lamps are frequently used as street lights. In a wide range of applications, such as industrial, commercial, street, and security lighting, high pressure sodium lamps are advised. These lamps are especially well suited for energy saving applications since they are significantly more efficient than incandescent and fluorescent bulbs.
The Highway and Road to Remain Atop
The global sodium lamp market is divided into Area Lighting, Highway and Road, and Others based on application. The category for highway and road will have the fastest growth. The rising concern for the security and safety of our streets and public spaces may be ascribed to the expansion of this market. By enhancing the comfort, convenience, and safety of night time transportation operations, highway or street lighting can help to improve the urban environment. Both enhance safety and convenience by making the traffic and obstacles readily visible on the road.
The North America regions to Render Ample Investment Avenues
The four geographic divisions of the global sodium lamp market are North America, Europe, Asia Pacific, and South America. North America held the biggest market share and is anticipated to grow considerably over the course of the forecasted period, maintaining its dominance in the global sodium lamp market. The introduction of novel and ground-breaking street lighting products is what has led to this domination.
The global sodium lamp market is estimated to be worth USD 332.7 million by 2029, growing at a CAGR of 6.7% over the projected period.
A sodium lamp is a type of gas discharge lamp that emits light with a distinctive wavelength of around 589 nm by using sodium in an excited state. Low-pressure sodium lamps are extremely effective electrical light sources, but because of their yellow light, they can only be used for outdoor illumination, like street lights, which is where they are most commonly found. Despite emitting a wider range of light than low-pressure sodium lamps, high-pressure sodium lights still depict colours less accurately than other types of lighting. Low-pressure sodium lamps only emit monochromatic yellow light, which interferes with nighttime colour perception.
Sodium lamp has shorter wavelengths that are dispersed more in the atmosphere than higher wavelengths. This results in higher wavelengths of the sun spectrum having the least scattering and the violet colour having the highest. As a result of being somewhat less distributed and being able to be seen from a distance, sodium lamps are more visible and environmentally benign than mercury lightning sources.
The sodium lamp emits light has an average wave length of 5893 A° that is almost monochromatic. In comparison to other wavelengths, our eyes are most sensitive to 5550A°, which is close to this wavelength. As a result, the wavelength of 5893A° is appropriate for eye sensitivity and offers more light distribution uniformity than all HID bulbs.
Despite the expected market growth there are certain factors that are impeding the growth of global sodium lamp market. Sodium lamp consumes more energy, expensive, poor color rendering characteristics, and requires more safety disposal considerations.
However, recently many technological innovation have been made to perform the same task efficiently. Moreover, the new sodium lamps have additional features like dimming and smart energy saving. These new products give solid evidences of the superior performance of the advanced sodium lamps over the conventional one. This has driven the demand for sodium lamp anticipated to be a growth opportunity to the global sodium lamp market.
The key players in this global sodium lamp market are Signify, Ushio, Surya Roshni, Atlas Lighting Products, Satco, Acuity Brands, Radium, Shanghai Jing Rui Lighting, Ge Lighting, Havells, Venture Lighting, Feit Electric, Standard Products. These are the global market players in the sodium lamp market.
Latest Innovations In The Global Sodium Lamp Market
- Philips has introduced waterproof sodium lights. The transparent tubular outer bulb of the Philips high pressure sodium lamp fixes lighting and circuitry problems. It is 130 Lm/WATT Luminous Flex.
- Solar Innovations, Inc.'s greenhouse lighting specialists advise employing lights with metal halide or high pressure sodium bulbs. Metal halide lamps emit a blue hue that resembles natural sunshine. Plants will therefore grow more fully when exposed to a metal halide light. With a 20,000-hour lifespan, this type of grow light is frequently used to increase the time that plants may develop throughout the day.
Sodium Lamp Market Scope
|Revenue forecast in 2028
|USD 332.7 million
|CAGR of 6.7 % during 2021-2028
|Type, Application, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Signify, Ushio, Surya Roshni, Atlas Lighting Products, Satco, Acuity Brands, Radium, Shanghai Jing Rui Lighting, Ge Lighting, Havells, Venture Lighting, Feit Electric, Standard Products
Key Segments of the Global Sodium Lamp Market
Type Overview, 2019-2029 (USD Million)
- Low Pressure Sodium Lamp
- High Pressure Sodium Lamp
Application Overview, 2019-2029 (USD Million)
- Area Lighting
- Highway and Road
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa