The global lighting ballasts market 2016-2020 is expected
to decline from 1,403 units in 2016 to 872.7 units in 2020,
according to Technavio’s latest report.
In this report, Technavio covers the market outlook and
growth prospects of the global lighting ballasts market for
2016-2020. The report presents the major vendors that manufacture
lighting ballast in regions such as the Americas; Asia-Pacific
(APAC); and Europe, the Middle East, and Africa (EMEA). It
discusses the major drivers that influence the market's growth, the
challenges faced by the vendors and the market as a whole, and the
key emerging trends in the market.
“In terms of geography, the majority of the growth is expected
from APAC primarily because of increasing focus on energy-efficient
lighting sources. Rising energy cost in APAC has shifted the focus
of government from cost-effective lighting sources to
energy-efficient lighting sources. As a result, countries in APAC
are initiating several energy-efficient programs to support and
promote the use of energy-efficient LED lighting sources in the
region. This will increase the installation of new LED lamps and
luminaires, thereby accelerating the unit shipment of LED ballast
in the region,” says Sunil Kumar Singh, a lead lighting
research expert from Technavio.
Technavio’s hardware and semiconductor research analysts
segment the global lighting ballasts market into the following
regions:
In 2015, with a market share of over 41%, APAC dominated the
global lighting ballasts market, followed by EMEA with
approximately over 31% and the Americas with 28%.
APAC: increased use of lighting ballasts in residential and
commercial segments
The general lighting market in APAC is growing at a rapid rate,
primarily owing to the increased use in residential and commercial
segments. The region is becoming a hub for industries such as the
retail, hospitality, and healthcare, and many international
companies are establishing their offices in the region. In
addition, developing countries such as China, India, and South
Korea are expected to see many international events being organized
during the forecast period. These factors are expected to propel
the demand for general lighting solutions in the region.
Although the lighting ballasts market is declining across all
the regions, APAC still presents the highest growth opportunity for
the market. This is because of rapid urbanization and increasing
focus on improving infrastructure by the governments of
developing countries such as India. Countries such as India and
China are providing tax incentives to LED lighting manufacturers to
increase their LED production capacity. They are also providing
subsidies to customers for installing energy-efficient lighting
products in new buildings.
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EMEA: significant demand for professional lighting
solutions in MEA
In 2015, EMEA was the second largest contributor to the global
lighting ballasts market. However, Europe is seeing slow growth in
the market as the debt crisis has made many regional economies
unstable and countries are still seeing slower economic growth. The
economic crisis has reduced the construction of houses and the
number of offices being opened in the region, which is further
affecting the growth of the market. However, Europe will recover
its economic stability during the forecast period, which indicates
positive growth for the market during the forecast period.
In 2015, the majority of the growth in Europe came from
countries such as Germany, Italy, France, the UK, and Turkey.
However, Spain, Portugal, Finland, and Norway are considered
hotspots for the global lighting ballasts market in Europe during
the forecast period.
The European Union has established a framework called Ecodesign
Directive, which focuses on improving the energy efficiency of
products and removing inefficient lamps from the European market.
Its product focus group includes more than 40 products including
lamps, lightbulbs, boilers, TVs, and fridges. Lighting is a part of
the energy performance of building directives, which is aiming to
move toward almost zero-energy buildings by 2020. This directive
was implemented in 2010. Under this directive, the sale or rental
of buildings must include energy performance certificates in all
advertisements and all new buildings must be zero energy buildings
by December 2020.
In the MEA, Bahrain, Oman, Qatar, and Kuwait are the countries
with high disposable incomes, which is leading to the high
infrastructural development in the region. Qatar will see a
significant demand for professional lighting solutions after 2019
because of the organization of "FIFA World Cup" in 2022. In
addition, the overall region is seeing a significant contribution
from the architectural segment, as a result of which the adoption
of LED lighting sources will increase during the forecast
period.
Americas: stringent government regulations regarding
energy use to boost growth
The general lighting market in North America is growing at a
steady rate, with the US showing the highest demand for residential
and office lighting solutions. The region has been experiencing an
increase in the demand for lighting control systems since 2011.
The market will see an increase in the demand for
energy-efficient lighting solutions because of the implementation
of stringent government regulations and standards related to energy
use in the US during the forecast period. The declining cost of
LEDs and its improving performance have driven its adoption in the
US.
Among South American countries, Brazil is expected to be the
major contributor to the global lighting ballasts market during the
forecast period. South American countries such as Brazil,
Argentina, Venezuela, Peru, and Chile are emerging as key economies
of the world. The growing tourism and hospitality industries
in the region are further propelling the demand for lighting
solutions in this region.
Some of the top vendors in the global lighting ballasts market
highlighted in the report are:
- Acuity Brands
- Advanced Lighting Technologies
- Atlas Lighting Products
- Eaton
- Crestron Electronics
- GE Lighting
Browse Related Reports:
- Global General Lighting Market
2016-2020
- Global LED Market 2016-2020
- Global Digital Ballast Market
2016-2020
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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