The global high intensity discharge (HID) bulbs market is expected to decline from $4.44 in billion 2021 to $4.04 billion in 2022 at a compound annual growth rate (CAGR) of -8.9%. The HID bulb market's decline is attributed to the strict energy efficiency standards and growing inclination towards cost-effective substitutes. The market is expected to decline to $2.47 billion in 2026 at a CAGR of -11.6%.
What is the Global High Intensity Discharge (HID) Bulbs Market?
The high intensity discharge (HID) bulbs market consists of sales of high intensity discharge bulbs which include high-pressure sodium lamps, mercury vapor lamps, and metal halide lamps. High-intensity discharge light bulbs and lamps are a family of gas-discharge arc lamps which create light by sending an electrical discharge between two electrodes and through a plasma, or ionized gas.
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What drives the Global High Intensity Discharge (HID) Bulbs Market?
Rising demand for bulbs with high luminaire value is driving the high intensity discharge bulb market. High intensity discharge bulb (HID) headlamps provide high intensity light on the road than the traditional halogen headlamps. HID headlamps provide cool white color at 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.
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Global High Intensity Discharge (HID) Bulbs Market Segments
The global high intensity discharge (HID) bulbs market is segmented:
By Product Type: Metal Halide Light, High-Pressure Sodium Light, Xenon Arc Light, Other
By Application: Industrial, Agriculture, Medical, Other
By Distribution Channel: OEM, Aftermarket
By Mode: Online, Offline
By Geography: The regions covered in the high intensity discharge (HID) bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
High Intensity Discharge (HID) Bulbs Global Market Report 2022 provides market size and growth forecasts for the global high intensity discharge (HID) bulbs market, global high intensity discharge (HID) bulbs market share, high intensity discharge (HID) bulbs market segments and geographies, high intensity discharge (HID) bulbs market competitive landscape including leading competitors’ revenues, profiles and market shares. The high intensity discharge (HID) bulbs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global High Intensity Discharge (HID) Bulbs Industry Playersinclude 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, and Havells India Limited. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
