Neon Lighting Market Report 2024 (Global Edition)

Global Neon Lighting Market Report 2024 Market Size Split by Type (Hydrogen (Red), Helium (Yellow, Carbon Dioxide (White), Mercury (Blue), Others), by Application (Household, Commercial), by Sales (Re...

Neon Lighting Market Report Description

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Neon Lighting Market Insights Video

Competitive Landscape of the Neon Lighting Market

The competitive landscape of the Neon Lighting market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established manufacturers, specialized Neon Lighting companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2023: Keysight Technologies, Inc. declared the completion of its acquisition of a majority stake, representing 50.6% of ESI Group SA's shares. Following the disclosure of the binding agreement between Keysight and the principal shareholders of the company on June 28, 2023, the deal received regulatory approval and was endorsed by the ESI Group workers council.

(Source: https://www.keysight.com/in/en/about/newsroom/news-releases/2023/1103-pr23-005-keysight-completes-the-acquisition-of-a-controllin.html )

Top Companies Market Share in Neon Lighting Industry: (In no particular order of Rank)

• Sygns
• Philips Lighting
• EGL Lighting
• Osram
• Jesco Lighting
• Sidon Lighting
• Optek Electronics
• NVC Lighting
• Neo-Neon
• SGi Lighting
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Neon Lighting Market

Which Region Dominates the Neon Lighting Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Increasing awareness of environmental pollution and energy efficiency in the region is driving market demand. California led the State Scorecard ranking in 2022 with a score of 47 out of 50, indicating a strong commitment to sustainability. Additionally, the rise in renovation projects across North America is expected to drive the adoption of LED neon lights. According to the Joint Center for Housing Studies at Harvard University (JCHS), spending on home improvement projects surged from $328 billion in 2019 to $472 billion in 2022, with projected spending reaching $485 billion in 2024.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Neon Lighting market due to several compelling reasons. ? Market growth is being driven by rapid urbanization, infrastructure development, and the thriving entertainment industry. Urbanization remains a significant megatrend in the Asia-Pacific region, with over half of the global urban population residing in Asia, totaling more than 2.2 billion individuals. Projections indicate that by 2050, the urban population in Asia will increase by 50%, adding approximately 1.2 billion people. Key contributors to this growth include countries such as China, Japan, and South Korea, characterized by a robust manufacturing sector and substantial demand for architectural lighting, outdoor advertising, and retail applications.

 

The current report Scope analyzes Neon Lighting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Neon Lighting

According to Cognitive Market Research, the global Neon Lighting market size was estimated at USD 1425.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 570.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Neon Lighting market with a market size of USD 449.7 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. The demand is amplified by the nation's robust economic growth in recent years, driving investment in infrastructure, commercial establishments, and entertainment venues.
• The Canada Neon Lighting market had a market share of USD 68.4 million in 2024 and is projected to grow at a CAGR of 5.9% during the forecast period. Canada's Rising Demand for Energy-Efficient Lighting Solutions to Increased Usage of Neon Lighting.
• The Mexico Neon Lighting market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 51.8 million in 2024.

Europe Neon Lighting

According to Cognitive Market Research, the global Neon Lighting market size was estimated at USD 1425.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 427.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• The United Kingdom Neon Lighting market had a market share of USD 71.8 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. In the UK, Neon Lighting sales witness an upswing due to the nation's advancements in manufacturing processes and design technologies, leading to greater creativity and innovation in neon lighting products.
• The France Neon Lighting market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 39.3 million in 2024.
• According to Cognitive Market Research, the Germany Neon Lighting market size was valued at USD 84.6 million in 2024 and is projected to grow at a CAGR of 5.6% during the forecast period. In Germany, Neon Lighting sales surged due to the Urban Regeneration and Redevelopment Projects.
• The Italy Neon Lighting market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD 36.7 million in 2024.
• The Russia Neon Lighting market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD 66.2 million in 2024.
• The Spain Neon Lighting market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 35.0 million in 2024
• The Luxembourg Neon Lighting market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 13.2 million in 2024.
• The Portugal Neon Lighting market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 8.9 million in 2024.
• The Greece Neon Lighting market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 5.1 million in 2024.
• Rest of Europe's Neon Lighting market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 66.2 million in 2024.

Asia Pacific Neon Lighting

According to Cognitive Market Research, the global Neon Lighting market size was estimated at USD 1425.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 327.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031.

• According to Cognitive Market Research, the China Neon Lighting market size was valued at USD 147.5 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. Neon Lighting sales surge in China due to Rapid Urbanization and Infrastructure Development.
• The Japan Neon Lighting market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 45.2 million in 2024.
• The India Neon Lighting market had a market share of USD 39.3 million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. The demand is augmented by India's Expanding Retail and Hospitality Industry.
• The South Korea Neon Lighting market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 32.7 million in 2024.
• The Australia Neon Lighting market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 17.0 million in 2024.
• The South East Asia Neon Lighting market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD 22.6 million in 2024.
• The Rest of the Asia Pacific Neon Lighting market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 23.2 million in 2024.

South America Neon Lighting

According to Cognitive Market Research, the global Neon Lighting market size was estimated at USD 1425.2 Million out of which the Latin America market of more than 5% of the global revenue with a market size of USD 71.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Neon Lighting market size was valued at USD 30.5 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. Neon Lighting sales flourish in Brazil due to an increase in commercial and residential construction projects.
• Argentina's Neon Lighting market had a market share of USD 11.9 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. The demand is augmented by Argentina's Strict energy efficiency and sustainability laws.
• Colombia Neon Lighting market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 6.3 million in 2024.
• Peru Neon Lighting market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 5.8 million in 2024.
• Chile Neon Lighting market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 5.1 million in 2024.
• The Rest of Latin America Neon Lighting market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD 11.4 million in 2024.

Middle East and Africa Neon Lighting

According to Cognitive Market Research, the global Neon Lighting market size was estimated at USD 1425.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 28.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.

• The GCC Countries Neon Lighting market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 12.2 million in 2024. Neon Lighting sales flourish due to rapid urbanization, greater infrastructure development, and rising disposable incomes.
• The Egypt Neon Lighting market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 2.9 million in 2024.
• The South Africa Neon Lighting market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 4.5 million in 2024. Neon Lighting sales flourish in South Africa due to the high consumer knowledge of energy-efficient lighting.
• The Turkey Neon Lighting market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 2.4 million in 2024.
• The Nigeria Neon Lighting market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 2.9 million in 2024.
• The Rest of the MEA Neon Lighting market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 3.3 million in 2024.

Neon Lighting Market Analysis

Neon Lighting Market Type Segment Analysis

According to Cognitive Market Research, Hydrogen (Red) stands out as the dominating category. Hydrogen (red) neon lights are recognized for their energy efficiency, providing a cost-effective alternative to conventional lighting options. With a growing emphasis on reducing electricity consumption and operational expenses, businesses and consumers are increasingly turning to hydrogen (red) neon lights to meet their lighting needs.

Helium (yellow) emerges as the fastest-growing category in the Neon Lighting market. Helium (yellow) neon lights boast a striking and distinctive yellow hue, making them highly visible and impactful across a range of settings. Their ability to add warmth and brightness to both indoor and outdoor spaces makes them a preferred choice for signage, decorative lighting, and architectural enhancements in various business environments.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Neon Lighting Industry. Request a Free Sample PDF!

Neon Lighting Market application Segment Analysis

According to Cognitive Market Research, the dominating application is Commercial. The primary driver behind the growth of this segment is the increasing number of hotels. In 2022, the global hospitality industry saw the opening of over 18,421 hotels. Projections indicate a continued upward trend, with an estimated peak of approximately 2,706 new hotel openings in 2024. The LED Neon Flex-strip facilitates the addition of decorative and advertising elements to hotel spaces, including eye-catching neon signage designed to attract attention.

The fastest-growing category in the Neon Lighting market is Household. Consumer focus on interior design and home decor is intensifying, driven by a desire to customize and elevate living spaces. Neon lighting stands out as a distinctive and adaptable lighting option, empowering homeowners to craft dynamic and visually captivating atmospheres.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Neon Lighting Sales Segment Analysis

According to Cognitive Market Research, the dominating Sales Channels are Retail & wholesalers. Neon lighting has transcended its conventional role solely in storefront signage, penetrating diverse sectors such as hospitality, entertainment, retail, and interior design. This broadening market presence has resulted in amplified sales prospects for retailers and wholesalers alike. Manufacturers and designers persistently push boundaries, advancing in design, technology, and customization capabilities. Consequently, retailers and wholesalers can furnish an extensive array of neon lighting solutions tailored to varied customer tastes and needs.

The fastest-growing Sales Channel in the Neon Lighting market is E-Commerce. E-commerce platforms provide unmatched convenience, enabling customers to effortlessly browse and buy neon lighting products from anywhere, whether at home or on the move. This convenience is particularly appealing to busy consumers who favor the simplicity of online shopping compared to visiting physical stores.

• Retail & Wholesaler
• Direct Sales
• E-Commerce

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion