Fluorescent Ballasts Market by Type (Magnetic Fluorescent Ballasts, Electronic Fluorescent Ballasts), Application (Residential, Industrial, Commercial), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Fluorescent Ballasts Market by Type (Magnetic Fluorescent Ballasts, Electronic Fluorescent Ballasts), Application (Residential, Industrial, Commercial), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK...
Growing demand for ballast control circuits from different compact fluorescent lamps or high-intensity discharge lamps worldwide boosts the industry's growth. Also, increasing demand for LED lighting augments product demand. LEDs outperform the performance of traditional LCDs and cold cathode fluorescent lamps in terms of size, energy efficiency, reliability, and mechanical ruggedness. In addition, the rising adoption of intelligent lighting systems is likely to create lucrative growth opportunities for market players.
In a fluorescent lighting system, the ballast regulates the present to the lamps and offers sufficient voltage to start out the lamps. Without a ballast to limit its current, a fluorescent lamp connected directly to a high-voltage power source would rapidly and uncontrollably increase its current draw.
The COVID-19 outbreak has moderately affected the fluorescent ballast industry. Rising coronavirus cases across the globe resulted in stringent social distance and lockdown norms across the globe, which led to supply chain disruption, thus affecting product demand. The coronavirus pandemic has created a decline in the need for energy-efficient lighting in the residential sector. In addition, industrial operations were affected due to a temporary halt and a limited workforce, which further affected industry growth.
Key Players
Key players operating in the fluorescent ballasts market are-
Note: The above list does not necessarily include all the top players in the market.
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Market Dynamics
By Type
"The electronic fluorescent ballasts segment held a significant market share."
Based on type, the fluorescent ballasts market is categorized into magnetic fluorescent ballasts and electronic fluorescent ballasts. The electronic fluorescent ballasts segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Electronic ballasts are comparatively highly efficient and more compact in size and weight. They also offer the ability for continuous power adjustment in different settings, further bolstering segment growth.
Regional Trends
"The Asia Pacific market accounted for the largest share."
By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years. This is mainly ascribed to the increasing concentration of lighting ballast manufacturers in this region along with rising demand from well-established LED light manufacturers, further proliferating the regional market growth.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Fluorescent Ballasts Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s fluorescent ballasts market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances
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In a fluorescent lighting system, the ballast regulates the present to the lamps and offers sufficient voltage to start out the lamps. Without a ballast to limit its current, a fluorescent lamp connected directly to a high voltage power source would rapidly and uncontrollably increase its current draw.
Growing demand for ballast control circuits from different compact fluorescent lamps or high-intensity discharge lamps, increasing demand for LED lighting are the factors driving the growth of fluorescent ballasts market.
Philips Advance (Netherlands), Sylvania Quicktronic (US), GE Lighting (US), Fulham (US), Uni-versal (US), Sola (US), and Robertson (UK) are among the key players in the fluorescent ballasts market.
