Induction Lamps Market - Global Forecasts from 2023 to 2028

The global induction lamps market was valued at US$1,125.567 million in 2021.

The market for induction lamps is expanding significantly globally and is predicted to do so for the foreseeable future. Electrodeless or induction lamps are energy-efficient lighting choices that have many advantages over conventional lighting sources. Electromagnetic fields are used in these lamps' operation to excite the internal gases, which produce light. The global induction lamps market includes a range of uses, including indoor and outdoor illumination as well as commercial, industrial, and household lighting.

Rising demand for energy-efficient lighting

The rising need for energy-efficient lighting solutions is one of the main factors. Consumers and companies are using induction lights more frequently to lower their energy usage and carbon footprint as a result of growing energy costs and environmental concerns. Further, government rules requiring energy-efficient lighting systems have also made a substantial contribution to the market expansion for induction lights. The adoption of stringent norms and standards by governments around the world is boosting the use of energy-efficient lighting solutions and increasing the global induction lamps market size.

Increasing innovations

There are numerous prospects for growth and expansion in the market for induction lamps. New opportunities are being presented to market participants by technological breakthroughs and product improvements. Induction lamps are becoming more and more appealing to consumers and businesses as manufacturers consistently create more effective and affordable models. Additionally, the market for induction lights has a bright future thanks to the growing emphasis on smart lighting and the Internet of Things (IoT). By enabling advanced control of lighting and energy management systems, the integration of induction lights with IoT technologies can improve the functionality and overall efficiency of these systems.

High demand for external induction lamps

Due to their design, which permits waste heat to escape directly into the air from the coil, external induction lamps are predicted to hold the biggest market share and have the longest lifespan. Using external induction lamps, general lighting is produced. They are powered by a variety of sources, including batteries, solar energy, and AC electricity. They are also known as Farad lamps or capacitor discharge lamps. When a charged capacitor is plugged into it, the electrical device produces a magnetic field that induces electricity in nearby conductors, leading to the generation of an electric current.

Longer lifespan and environmental sustainability

Induction lamps have a longer lifespan than standard lamps. As a result, fewer lamps need to be changed frequently, saving money and requiring less maintenance.Induction lamps are a greener lighting option since they emit less greenhouse gases and produce less heat. Industry players can support environmental sustainability and achieve their corporate social responsibility objectives by using induction lamps.

Increasing adoption of high-frequency induction lamps

A growing number of people are using high-frequency induction lamps because of their small size, increased efficiency, and enhanced colour rendering abilities. These lamps are being used in a variety of industries, including lighting for homes and businesses. Manufacturers in the induction lamps market are concentrating on developing aesthetically pleasing designs that perfectly complement various architectural types. Induction lights can operate as both decorative and functional lighting sources thanks to the emphasis on aesthetics.

Asia Pacific is projected to dominate the global induction lamps market

During the projected period, the Asia Pacific region is anticipated to lead the global induction lamps market. The key drivers of growth in this region will be growing industrialization and increased industrial construction activity in nations with economies like China, India, Indonesia, Malaysia, and Vietnam. The market also is growing as a result of the extensive usage of induction lamps in locations such as residences, hotels, restaurants, and businesses, among other places. Moreover, the growing replacement and upgrade activities are being carried out on obsolete infrastructure, particularly in China.

Supply chain disruption and economic uncertainty

Production and distribution of induction lamps have been impacted by the pandemic's interruptions to the world supply chain. Supply shortages and higher pricing are the result of delays in manufacturing, transportation, and the availability of raw materials. Further, consumer purchasing and investment decisions have been impacted by the economic slowdown brought on by the pandemic. Large-scale infrastructure projects are being approached cautiously due to uncertainties and budgetary restrictions, which impede the global induction lamps market.

Market key products

• Italteslaprovides induction lamps whose lifespan can be up to twice as long as that of an LED and five times longer than that of a metal halide lamp. It also produces less noise or hum, less glare, and less flicker, all of which contribute to a more pleasant and comfortable working environment. Less or no maintenance is required (only initial setup), increasing employee and customer security. Lighting induction technology is on a human scale and does not originate waste due to a considerable reduction in CO2 emissions.
• YMLis a well-known manufacturing company that sets the standard for consistent R&D into Energy Saving applications and is well-known for producing low-frequency Electrodeless Induction Lamp Technology. In response to China's efforts to save energy on a national scale, YML actively took the initiative to expand its manufacturing base by 35,000 square metres in the Energies Efficient Industrial Manufacture Base and R&D Centre in the Shanghai Integrative Industrial Development Area, the city's most important industrial district. A cutting-edge research and development programme, control systems, and facilities like energy-saving lighting labs and decontaminated workshops were all effectively implemented by YML. To further ensure that the products were produced with uniformity and stability in mind, YML developed a variety of fully automatic manufacturing processes and computer programme-controlled equipment in addition to these systems. YML holds more than 50 patents on products for electrodeless induction lamps.

Segmentation:

By Type

• External Induction Lamps
• Internal Induction Lamps

By Frequency

• Low Frequency
• High Frequency

By Application

• Residential
• Commercial
• Industrial
• Public Area
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Others