Press release
High Intensity Discharge (HID) Bulbs Market Top key players, Size, Share, Growth Rate And Overview 2024-2033
High Intensity Discharge (HID) Bulbs Market
The Business Research Company offers in-depth market insights through High Intensity Discharge (HID) Bulbs Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The high intensity discharge (HID) bulbs market size has declined steeply in recent years. It will decline from $3.51 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of -13.9%. The decline in the historic period can be attributed to limited color options, warm-up time, mercury content, maintenance costs.
The high intensity discharge (HID) bulbs market size is expected to see steep decline in the next few years. It will decline to $1.54 billion in 2028 at a compound annual growth rate (CAGR) of -15.5%. The decline in the forecast period can be attributed to energy efficiency standards, market competition, dimming compatibility, technological obsolescence, environmental regulations. Major trends in the forecast period include transition to led, smart lighting control, custom spectrum lighting, improved lumen output, sustainability and recycling.
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Market Segmentation:
The high intensity discharge (hid) bulbs market covered in this report is segmented -
1) By Product Type: Metal Halide Light, High-Pressure Sodium Light, Xenon Arc Light, Other Product Types
2) By Application: Industrial, Agriculture, Medical, Other Applications
3) By Distribution Channel: OEM, Aftermarket
Sub-Segments- By Mode: Online, Offline
Major Driver - Hid Headlamps Meets The Rising Demand For High Luminance And Enhanced Road Safety
Rising demand for bulbs with high luminaire values is driving the high-intensity discharge bulb market. High-intensity discharge bulb (HID) headlamps provide more high-intensity light on the road than traditional halogen headlamps. HID headlamps provide a cool white color at a temperature of 4,500 Kelvin, compared to yellowish halogen headlamps at 3,200 Kelvin. Furthermore, HID lamps illuminate a larger area compared to halogen headlights.
Competitive Landscape:
Major companies operating in the high intensity discharge (hid) bulbs market include Acuity Brands Lighting Inc., Lithonia Lighting, Bulbrite Industries Inc., Contrac Lighting, Crompton Greaves Ltd., EYE Lighting International of North America Inc., Feit Electric Company, General Electric Company, Halonix Limited, Havells India Limited, NVC Lighting Technology Corporation, OSRAM GmbH, Hella KGaA Hueck & Co., Valeo S.A., Koito Manufacturing Co. Ltd., Panasonic Corporation, Hubbell Incorporated, First SOURCE Electrical LLC, PAK, Yankon Group Co. Ltd., Cnlight Co. Ltd., Opple Lighting Co. Ltd., Sylvania, Eaton Corporation, Robertson Worldwide, Koninklijke Philips N.V., Ushio America Inc., Venture Lighting International Inc., Westinghouse Lighting Corporation, Advanced Lighting Technologies Inc., American Electric Lighting, Iwasaki Electric Co. Ltd., Narva Lichtquellen GmbH & Co. KG, Neolux, Toshiba Lighting & Technology Corporation
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Top Trend - Strain On Hid Bulb Market Growth Due To Stringent Energy Efficiency Standards
Stringent energy efficiency standards and regulations imposed on HID lamps are acting as a restraint on the market. The category of HID bulbs like metal halides is subjected to tighter regulatory standards. For instance, the U.S. Department of Energy (DOE) issued new energy efficiency standards for metal halide luminaries and tightened the standards by expanding the coverage from low-wattage (50-149W) to high-wattage (501-1000W) luminaires. These strict regulations are impacting the growth of the HID bulb market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. High Intensity Discharge (HID) Bulbs Market Characteristics
3. High Intensity Discharge (HID) Bulbs Market Trends And Strategies
4. High Intensity Discharge (HID) Bulbs Market - Macro Economic Scenario
5. High Intensity Discharge (HID) Bulbs Market Size And Growth
…..
27. High Intensity Discharge (HID) Bulbs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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