Lucintel's latest market report analyzed that smart high-intensity discharge lamp lighting provides attractive opportunities in industrial, agriculture, and medical applications. The smart high-intensity discharge lamp lighting market is expected to reach $0.83 billion by 2028 with a CAGR of 69.3%. In this market, mercury-vapor lamps is the largest segment by product type, whereas Industrial is largest by product type.
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Based on product type, the smart high-intensity discharge lamp lighting market is segmented into mercury-vapor lamps, metal-halide (MH) lamps, ceramic MH lamps, sodium-vapor lamps, xenon short-arc lamps, and others. The mercury-vapor lamps segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing application of these lights in both indoor as well as outdoor areas.
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The Smart High-Intensity Discharge Lamp Lighting Market is marked by the presence of several big and small players. Some of the prominent players offering smart high-intensity discharge lamp lighting include Signify, OSRAM GmbH, General Electric, HELLA GmbH & Co. KGaA, and Valeo.
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