Neon Signs Market Overview:
Neon signs are luminescent signage devices that use neon gas to emit a colorful, vibrant glow when an electrical current passes through them. They have been a popular choice for advertising and decorative purposes for many decades. While neon signs have faced competition from LED signs and other modern lighting technologies, they continue to have a unique and nostalgic appeal, making them a desirable option for businesses and individuals looking to create eye-catching displays.
The global Neon Signs market size was valued at USD 290.7 million in 2022 and is expected to expand at a CAGR of 2.07% during the forecast period, reaching USD 328.7 million by 2028.
Role of Neon Signs:
- Advertising and Branding: Neon signs have historically been used by businesses to attract attention and promote their products or services. Their bright and colorful appearance makes them highly visible, especially at night, and helps establish brand identity.
- Decorative and Aesthetic: Beyond advertising, neon signs are often used decoratively in various settings, including restaurants, bars, theaters, and homes. They add a retro, artistic, and sometimes kitschy ambiance to spaces.
- Wayfinding and Signage: Neon signs are sometimes used for wayfinding and directional purposes, guiding customers or visitors to specific locations within a building or area.
- Artistic Expression: Neon signs are embraced by artists as a medium for creating unique and visually striking works of art. They are valued for their ability to shape light into intricate designs.
Functions of Neon Signs:
- Gas Discharge: The core function of a neon sign is to utilize the phenomenon of gas discharge. When an electrical current is applied to neon gas inside a glass tube, it emits light. The color of the light depends on the type of gas used and the phosphor coating on the interior of the tube.
- Illumination: Neon signs serve as sources of illumination, providing both general lighting and colorful, eye-catching displays. They are particularly effective at night, drawing attention to businesses or creating a unique ambiance.
- Customization: Neon signs can be customized with various colors, shapes, and sizes, allowing businesses and individuals to create signage that aligns with their branding or personal preferences.
- Durability: Well-maintained neon signs can have a long lifespan, making them a durable option for outdoor and indoor use. Properly constructed neon signs can withstand harsh weather conditions.
- Artistic Expression: Neon signs also serve as a medium for artistic expression, allowing artists to create intricate and visually captivating designs. Neon art has a distinct aesthetic appeal.
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Market Segmentations:
Global Neon Signs Market: By Company
• Sygns
• Philips Lighting
• EGL Lighting
• Osram
• Jesco Lighting
• Sidon Lighting
• Optek Electronics
• NVC Lighting
• Neo-Neon
• SGi Lighting
• IVC Signs
Global Neon Signs Market: By Type
• Custom Neon Signs
• Business Neon Signs
• Others
Global Neon Signs Market: By Application
• Advertising
• Commercial
• Traffic
• Construction
• Indoor and Outdoor Decoration
• Others
Global Neon Signs Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Neon Signs market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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