DUBLIN--(BUSINESS WIRE)--The "Xenon Lights Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market is expected to reach a value of US$ 17.7 Billion by 2023, exhibiting a CAGR of 13% during 2018-2023.
Xenon bulbs emit a clean and white light which is similar to natural sunlight. They are used in HID (high-intensity discharge) lighting and are better alternatives to halogen bulbs. These bulbs use a xenon gas-charged and sealed system instead of a filament to generate light through an electric charge between two electrodes. They offer high light output, consumes low energy and have a longer life span. Xenon lights are more cost-effective than other halogen lights and are rapidly replacing them in various industries. They are extensively used in searchlights, projectors and for specialized applications across industries and research institutes to simulate natural sunlight.
The growth aspects of the market are projected to be propelled by the evolution of new applications of xenon. In automobiles, xenon lights are used as headlights to ensure visibility for the driver and indicate the position of other vehicles. They are also used to enhance the design and appearance of modern cars. Moreover, design-oriented driving enthusiasts use xenon lights to customize the underbody and interior of their cars. As a result, the thriving automobile industry is enhancing the demand for the xenon lights. Further, with growing popularity of ambient lighting, the consumers are valuing interior lighting design and colour which has compelled the vendors to use xenon lights for interior lighting.
- General Electric
- Stanley Electric
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Xenon Lights Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Xenon Lights Manufacturing Process
9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/skbcjj/global_xenon?w=4