Lighting Ballast Market 2024 Growth driven by rising demand for LED lighting across the globe

Ballast control circuit is a device that is placed in line up with a load in order to limit the amount of electricity or current flow in an appliance for improving the overall efficiency and to achieve different regulatory compliance. The primarily used building blocks that are majorly found across a ballast control circuit includes, an Electromagnetic Interference (EMI) filter, a full wave rectifier, an active PFC front end, a digital control section and a resonant lamp output stage. A ballast control circuit generally works as a fixed or variable resistor. Rising demand for ballast control circuit from different compact fluorescent lamps or from high intensity discharge lamps across the globe is one of the key factor anticipated to trigger the demand for ballast control circuit at an exponential rate during the forecast period from 2017 to 2025.

In order to provide an in-depth and exhaustive analysis of the market, the global Lighting Ballast Market is a Segmented on the basis of product type and application. On the basis of material used in an electric ballast, the market has been classified into electronic ballast and magnetic ballast. In addition, information related to the demand of lighting ballast across various fluorescent lighting and LED lighting is also highlighted in this report. Moreover, data related to current market condition along with future expected demand trend of lighting ballast across various regions including Asia Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America is also provided in this report.

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Rising demand for LED lighting is one of the most important factor anticipated to boost the demand of lighting ballast at an exponential rate during the forecast period from 2017 to 2025. LEDs outperform the performance of conventional CCFLs (Cold Cathode Fluorescent Lamps) and LCDs (Liquid Crystal Displays) in term of energy efficiency, size, mechanical ruggedness and reliability. Moreover, the overall operating cost of a LED is low as compared to other lighting devices since LEDs consumes less power. Thus, consumers are increasingly adopting LEDs across various application segments, which in turn is expected to accelerate the demand of lighting ballast in order to integrate different advanced protection features for improving the longevity of various LED lighting devices. In addition increasing adoption of intelligent lighting system is also predicted to create a better opportunity for various lighting ballast manufacturers in the coming years. Digital innovation that is taking place in the lighting industry is expected to accelerate the demand of lighting ballast that enables the lighting appliances to perform various functions such as daylight harvesting, automatic shut-off, personal dimming and demand response among others.

Among the different types of lighting ballast circuit available in the market, magnetic ballast held the largest market share in 2016 owing to its extensive use in across various fluorescent light fixtures. On the other hand, demand for electronic ballast is anticipated to experience a robust growth during the forecast period from 2017 to 2025.

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Geographically, the global Lighting Ballast Market is expected to be primarily driven by Asia Pacific region during the forecast period both in terms of market share holding and growth. Huge concentration of lighting ballast manufacturers in this region coupled with its increasing demand from well-established LED light manufacturers is the most important factor behind this region’s rapid growth. In addition, Asia Pacific region is also expected to become the hub for various industries such as hospitality, retail and healthcare. This in turn, is anticipated to increase the demand for different lighting ballasts across various commercial segment as well. The lighting ballast circuit market of Asia Pacific region is followed by North America in terms of revenue generation in 2016.

Some of the major players operating in the global lighting ballast market includes STMicroelectronics (Switzerland), Intermatic (U.S) and Infineon Technologies (Germany) among others.

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