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HID Ballast Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 116 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5724478
Description Jump to:

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 -5.2% during the forecast period from 2022 to 2030, starting from US$ 7.63 Bn in 2020. 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 inefficient lamps. This is restricting the growth of the HID ballast market. The governments are also promoting the use of 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 smart and connected lighting solution across the globe is also restricting market growth.

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.

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.

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 study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of HID Ballast market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the HID Ballast market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

  • Electromagnetic HID Ballast
  • Electronic HID Ballast

Application

  • Automotive
  • Residential
  • Commercial
  • Industrial
  • Outdoor

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of HID Ballast market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the HID Ballast market?
  • Which is the largest regional market for HID Ballast market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving HID Ballast market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the HID Ballast market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global HID Ballast Market
2.2. Global HID Ballast Market, By Product, 2021 (US$ Million)
2.3. Global HID Ballast Market, By Application, 2021 (US$ Million)
2.4. Global HID Ballast Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021

3. HID Ballast Market: Competitive Analysis
3.1. Market Positioning of Key HID Ballast Market Vendors
3.2. Strategies Adopted by HID Ballast Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. HID Ballast Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global HID Ballast Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. HID Ballast Market: By Product, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Electromagnetic HID Ballast
5.3.2. Electronic HID Ballast

6. HID Ballast Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Automotive
6.3.2. Residential
6.3.3. Commercial
6.3.4. Industrial
6.3.5. Outdoor

7. North America HID Ballast Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. HID Ballast Market: By Product, 2020-2030, USD (Million)
7.3. HID Ballast Market: By Application, 2020-2030, USD (Million)
7.4.HID Ballast Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
7.4.1.1.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
7.4.1.2.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
7.4.1.3.1. HID Ballast Market: By Application, 2020-2030, USD (Million)

8. UK and European Union HID Ballast Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.3. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.HID Ballast Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.1.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.2.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.3.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.4.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.5.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
8.4.1.6.1. HID Ballast Market: By Application, 2020-2030, USD (Million)

9. Asia Pacific HID Ballast Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.3. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.HID Ballast Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.1.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.2.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.3.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.4.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.5.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
9.4.1.6.1. HID Ballast Market: By Application, 2020-2030, USD (Million)

10. Latin America HID Ballast Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. HID Ballast Market: By Product, 2020-2030, USD (Million)
10.3. HID Ballast Market: By Application, 2020-2030, USD (Million)
10.4.HID Ballast Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
10.4.1.1.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
10.4.1.2.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
10.4.1.3.1. HID Ballast Market: By Application, 2020-2030, USD (Million)

11. Middle East and Africa HID Ballast Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. HID Ballast Market: By Product, 2020-2030, USD (Million)
11.3. HID Ballast Market: By Application, 2020-2030, USD (Million)
11.4.HID Ballast Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
11.4.1.1.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
11.4.1.2.1. HID Ballast Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. HID Ballast Market: By Product, 2020-2030, USD (Million)
11.4.1.3.1. HID Ballast Market: By Application, 2020-2030, USD (Million)

12. Company Profile
12.1. Acuity Brands
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Cree Inc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Eaton Corporation
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. GE Lighting
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Halco Lighting Technologies
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. IOTA Engineering
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Magnitude Lighting
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. OSRAM Licht AG
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Philips Lighting Holding B.V.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Starlite Lighting
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Deco Lighting
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. The Delta Group
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Unique Lighting System
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Westinghouse Electric Corporation
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives

List of Figures
Figure 1 Global HID Ballast Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global HID Ballast Market: Quality Assurance
Figure 5 Global HID Ballast Market, By Product, 2021
Figure 6 Global HID Ballast Market, By Application, 2021
Figure 7 Global HID Ballast Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global HID Ballast Market, 2021
Figure 9 Market Positioning of Key HID Ballast Market Players, 2021
Figure 10 Global HID Ballast Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global HID Ballast Market, By Product, 2021 Vs 2030, %
Figure 12 Global HID Ballast Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. HID Ballast Market (US$ Million), 2020 - 2030
Figure 14 Canada HID Ballast Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America HID Ballast Market (US$ Million), 2020 - 2030
Figure 16 UK HID Ballast Market (US$ Million), 2020 - 2030
Figure 17 Germany HID Ballast Market (US$ Million), 2020 - 2030
Figure 18 Spain HID Ballast Market (US$ Million), 2020 - 2030
Figure 19 Italy HID Ballast Market (US$ Million), 2020 - 2030
Figure 20 France HID Ballast Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe HID Ballast Market (US$ Million), 2020 - 2030
Figure 22 China HID Ballast Market (US$ Million), 2020 - 2030
Figure 23 Japan HID Ballast Market (US$ Million), 2020 - 2030
Figure 24 India HID Ballast Market (US$ Million), 2020 - 2030
Figure 25 Australia HID Ballast Market (US$ Million), 2020 - 2030
Figure 26 South Korea HID Ballast Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia HID Ballast Market (US$ Million), 2020 - 2030
Figure 28 Brazil HID Ballast Market (US$ Million), 2020 - 2030
Figure 29 Mexico HID Ballast Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America HID Ballast Market (US$ Million), 2020 - 2030
Figure 31 GCC HID Ballast Market (US$ Million), 2020 - 2030
Figure 32 Africa HID Ballast Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa HID Ballast Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global HID Ballast Market By Product, 2020-2030, USD (Million)
Table 2 Global HID Ballast Market By Application, 2020-2030, USD (Million)
Table 3 North America HID Ballast Market By Product, 2020-2030, USD (Million)
Table 4 North America HID Ballast Market By Application, 2020-2030, USD (Million)
Table 5 U.S. HID Ballast Market By Product, 2020-2030, USD (Million)
Table 6 U.S. HID Ballast Market By Application, 2020-2030, USD (Million)
Table 7 Canada HID Ballast Market By Product, 2020-2030, USD (Million)
Table 8 Canada HID Ballast Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America HID Ballast Market By Product, 2020-2030, USD (Million)
Table 10 Rest of North America HID Ballast Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union HID Ballast Market By Product, 2020-2030, USD (Million)
Table 12 UK and European Union HID Ballast Market By Application, 2020-2030, USD (Million)
Table 13 UK HID Ballast Market By Product, 2020-2030, USD (Million)
Table 14 UK HID Ballast Market By Application, 2020-2030, USD (Million)
Table 15 Germany HID Ballast Market By Product, 2020-2030, USD (Million)
Table 16 Germany HID Ballast Market By Application, 2020-2030, USD (Million)
Table 17 Spain HID Ballast Market By Product, 2020-2030, USD (Million)
Table 18 Spain HID Ballast Market By Application, 2020-2030, USD (Million)
Table 19 Italy HID Ballast Market By Product, 2020-2030, USD (Million)
Table 20 Italy HID Ballast Market By Application, 2020-2030, USD (Million)
Table 21 France HID Ballast Market By Product, 2020-2030, USD (Million)
Table 22 France HID Ballast Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe HID Ballast Market By Product, 2020-2030, USD (Million)
Table 24 Rest of Europe HID Ballast Market By Application, 2020-2030, USD (Million)
Table 25 Asia HID Ballast Market By Product, 2020-2030, USD (Million)
Table 26 Asia HID Ballast Market By Application, 2020-2030, USD (Million)
Table 27 China HID Ballast Market By Product, 2020-2030, USD (Million)
Table 28 China HID Ballast Market By Application, 2020-2030, USD (Million)
Table 29 Japan HID Ballast Market By Product, 2020-2030, USD (Million)
Table 30 Japan HID Ballast Market By Application, 2020-2030, USD (Million)
Table 31 India HID Ballast Market By Product, 2020-2030, USD (Million)
Table 32 India HID Ballast Market By Application, 2020-2030, USD (Million)
Table 33 Australia HID Ballast Market By Product, 2020-2030, USD (Million)
Table 34 Australia HID Ballast Market By Application, 2020-2030, USD (Million)
Table 35 South Korea HID Ballast Market By Product, 2020-2030, USD (Million)
Table 36 South Korea HID Ballast Market By Application, 2020-2030, USD (Million)
Table 37 Latin America HID Ballast Market By Product, 2020-2030, USD (Million)
Table 38 Latin America HID Ballast Market By Application, 2020-2030, USD (Million)
Table 39 Brazil HID Ballast Market By Product, 2020-2030, USD (Million)
Table 40 Brazil HID Ballast Market By Application, 2020-2030, USD (Million)
Table 41 Mexico HID Ballast Market By Product, 2020-2030, USD (Million)
Table 42 Mexico HID Ballast Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America HID Ballast Market By Product, 2020-2030, USD (Million)
Table 44 Rest of Latin America HID Ballast Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa HID Ballast Market By Product, 2020-2030, USD (Million)
Table 46 Middle East and Africa HID Ballast Market By Application, 2020-2030, USD (Million)
Table 47 GCC HID Ballast Market By Product, 2020-2030, USD (Million)
Table 48 GCC HID Ballast Market By Application, 2020-2030, USD (Million)
Table 49 Africa HID Ballast Market By Product, 2020-2030, USD (Million)
Table 50 Africa HID Ballast Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa HID Ballast Market By Product, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa HID Ballast Market By Application, 2020-2030, USD (Million)

Companies Mentioned

  • 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
  • Westinghouse Electric Corporation.

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About the HID Ballast Market

The HID Ballast market is a segment of the Lighting Equipment industry. It is composed of products that regulate the current and voltage of high-intensity discharge (HID) lamps, such as metal halide and high-pressure sodium lamps. HID ballasts are used in a variety of applications, including commercial, industrial, and residential lighting. They are designed to provide reliable, efficient, and cost-effective lighting solutions. HID ballasts are available in a variety of sizes, shapes, and wattages, and are designed to meet the specific needs of the application. They are also designed to be compatible with a variety of HID lamps, including metal halide, high-pressure sodium, and mercury vapor. HID ballasts are typically manufactured by companies specializing in lighting equipment. Examples of such companies include Philips Lighting, Osram, GE Lighting, and Hubbell Lighting. Show Less Read more

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