"Stringent Government Regulations on the Use of Inefficient Lamps Is Hindering the HID Ballast Market"
Globally, the HID ballast market is expected to decline with a CAGR of -8.2% during the forecast period from 2019 to 2027, starting from US$ 9.05 Bn in 2018. The supportive government policies and initiatives related to restricting the use of inefficient lamps is the primary force inhibiting the growth of the HID ballast market. The governments across the globe are constantly working towards optimizing the use of energy resources and promoting the use of energy efficient technologies.
In line with this aim the regulatory authorities are imposing ban on the manufacturing and use of the inefficient lamps. This is restricting the growth of the HID ballast market. The governments are also promoting the use of the energy efficient lamps or smart lamps by offering subsidies and tax incentives to the users. This is also serving as a major constraint in the growth of the market. Additional, the growing trend of the smart and connected lighting solution across the globe is also restricting the market growth.
Market Synopsis
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"Outdoor lighting is leading the application landscape"
The HID ballast market is segmented based on the application into the outdoor, commercial, residential, industrial, and automotive lighting application. Outdoor lighting market accounted for approximately 40% share in the market. The growth of the market is attributed to the durability and ability to with stand harsh environmental conditions. However, the increasing smart city development initiatives across the globe are hindering the adoption of the HID ballast in the outdoor lighting applications.
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"Asia Pacific Is Leading the HID Ballast Market"
Asia Pacific led the HID ballast market with over 48% share in the revenue. The growth of the market is attributed to the increasing industrialization and urbanization in the region. Furthermore, the steady economic growth in the region along with the lack of regulations on the lighting in the Southeast Asia region is also responsible for the growth of the market in the region. However, the swift penetration of the LED lamps in China and Japan is the major constraint in the growth of the market.
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The prominent players in the HID ballast market are Acuity Brands, Cree Inc., Eaton Corporation, General Electric Company, Halco Lighting Technologies, IOTA Engineering, Magnitude Lighiting, OSRAM Licht AG, Philips Lighting Holding B.V., Starlite Lighting, Deco Lighting, The Delta Group, Unique Lighting System, and Westinghouse Electric Corporation.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The HID ballast market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global HID ballast market based on product, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Segment (2017–2027; US$ Bn)
• Electromagnetic HID Ballast
• Electronic HID Ballast
|
|
Application Segment (2017–2027; US$ Bn)
• Automotive
• Residential
• Commercial
• Industrial
• Outdoor
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Rest of World
|
Key questions answered in this report
- What was the market size of HID ballast in 2018 and forecast up to 2027?
- Which is the largest regional market for HID ballast?
- What are the major trends followed in HID ballast market across different regions?
- Who are the key companies in the HID ballast market?
- What are the key strategies adopted by the leading HID ballast companies in market?
Unique data points of this report
- Statistics on HID ballast and spending worldwide
- Recent trends across different regions in terms of adoption of HID ballast across lighting applications
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
