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High Intensity Discharge (HID) Bulbs Market Report 2024 - Analysis, Competition, Forecasts, and Opportunities spanning 2024-2033
High Intensity Discharge (HID) Bulbs Market
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.
Market Overview -
High-intensity discharge light bulbs and lamps are a family of gas-discharge arc lamps that create light by sending an electrical discharge between two electrodes and through plasma, or ionized gas.
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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
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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