Market Overview:
The global fluorescent ballasts market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of using fluorescent ballasts. The global fluorescent ballasts market is segmented on the basis of type, application, and region. On the basis of type, it is divided into magnetic fluorescent ballasts and electronic fluorescent ballasts. Magnetic fluorescents are more common than electronic fluorescents and are used in a wide range of applications such as home use, commercial use, and industrial use. Electronic fluorescents are mainly used in high-end applications where precise control over light output is required. They also offer features such as dimming capabilities and compatibility with LED lamps that make them attractive for certain applications such as office spaces or retail stores. On the basis of application, it can be classified into home use, commercial use, industrial use, transportation sector (marine & aviation), outdoor signage & billboards sector (digital signage), agricultural sector (greenhouses), horticultural sector (indoor farming) etc.
Product Definition:
A fluorescent ballast is an electronic device that helps start and control the flow of electricity to a fluorescent light. Fluorescent ballasts are important because they help ensure that a fluorescent light operates at its full potential, providing bright and consistent light.
Magnetic Fluorescent Ballasts:
Magnetic fluorescent ballasts are electronic devices used in magnetic fluorescent lamps. These ballasts provide stable power supply to the lamp and help regulate its temperature. The most important function of a magnetic fluorescent ballast is to maintain the current strength of an electromagnetic field needed for starting and sustaining a red phosphorous oxidation process in the tube, which produces light by way of reaction with an electric current supplied from a transformer or battery.
Electronic Fluorescent Ballasts:
Electronic fluorescent ballasts are electronic devices used to stabilize the voltage of a fluorescent lamp. They help in increasing the life of a fluorescent lamp by making it stable and reliable at an affordable cost. Electronic ballasts were initially designed for use in high-end commercial applications, such as retail stores, offices, and other public spaces where quality was prioritized over low price.
Application Insights:
The commercial use segment dominated the global market in 2017. The growth of this segment can be attributed to an increase in demand for fluorescent lamps and ballasts from various commercial spaces such as offices, shops, malls and hotels. Fluorescent lighting is widely used in commercial places owing to its ability to create a bright light while using less energy compared to other forms of lighting such as incandescent or LED lights.
The home use segment is expected register the fastest CAGR over the forecast period owing to increasing awareness about energy conservation among consumers coupled with rising disposable income per household across developed economies including Germany, U.K., France and Italy. In addition, growing government initiatives on improving residential infrastructure are likely drive product demand over the forecast period for home applications globally. Increasing adoption of smart homes by consumers globally will further propel product demand at homes worldwide during upcoming years according to a survey conducted by IEA (International Energy Agency).
Regional Analysis:
North America dominated the market in 2017 owing to growing adoption of energy-efficient lighting. The region is expected to witness a CAGR of XX% during the forecast period, on account of increasing awareness regarding saving electricity and reducing carbon footprint. Europe accounted for significant share in 2017 due to growing demand from commercial sector including shopping malls, hotels, restaurants and hospitals.
Asia Pacific is anticipated to be the fastest-growing regional market during the same period owing to rapid urbanization coupled with rising disposable income especially in developing countries such as China and India will drive growth over next eight years.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Growing awareness about the benefits of fluorescent ballasts
- Rising demand from commercial and industrial sectors
- Technological advancements in fluorescent ballasts products
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluorescent Ballasts Market Research Report
By Type
Magnetic Fluorescent Ballasts, Electronic Fluorescent Ballasts
By Application
Home Use, Commercial Use, Industrial Use
By Companies
Philips Advance, Sylvania Quicktronic, GE Lighting, Fulham, Universal, Sola, Robertson, Philips Advance
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Fluorescent Ballasts Market Report Segments:
The global Fluorescent Ballasts market is segmented on the basis of:
Types
Magnetic Fluorescent Ballasts, Electronic Fluorescent Ballasts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use, Industrial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Advance
- Sylvania Quicktronic
- GE Lighting
- Fulham
- Universal
- Sola
- Robertson
- Philips Advance
Highlights of The Fluorescent Ballasts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Magnetic Fluorescent Ballasts
- Electronic Fluorescent Ballasts
- By Application:
- Home Use
- Commercial Use
- Industrial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluorescent Ballasts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A fluorescent ballast is a device that helps to provide light for fluorescent lamps. It converts electrical energy into light and uses a mercury or sodium vapor lamp as the source of illumination.
Some of the major companies in the fluorescent ballasts market are Philips Advance, Sylvania Quicktronic, GE Lighting, Fulham, Universal, Sola, Robertson, Philips Advance.
The fluorescent ballasts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluorescent Ballasts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluorescent Ballasts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluorescent Ballasts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluorescent Ballasts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluorescent Ballasts Market Size & Forecast, 2020-2028
4.5.1 Fluorescent Ballasts Market Size and Y-o-Y Growth
4.5.2 Fluorescent Ballasts Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Magnetic Fluorescent Ballasts
5.2.2 Electronic Fluorescent Ballasts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.2.3 Industrial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluorescent Ballasts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluorescent Ballasts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Magnetic Fluorescent Ballasts
9.6.2 Electronic Fluorescent Ballasts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.10.3 Industrial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Magnetic Fluorescent Ballasts
10.6.2 Electronic Fluorescent Ballasts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.10.3 Industrial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Magnetic Fluorescent Ballasts
11.6.2 Electronic Fluorescent Ballasts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.10.3 Industrial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Magnetic Fluorescent Ballasts
12.6.2 Electronic Fluorescent Ballasts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.10.3 Industrial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Magnetic Fluorescent Ballasts
13.6.2 Electronic Fluorescent Ballasts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.10.3 Industrial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluorescent Ballasts Market: Competitive Dashboard
14.2 Global Fluorescent Ballasts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Advance
14.3.2 Sylvania Quicktronic
14.3.3 GE Lighting
14.3.4 Fulham
14.3.5 Universal
14.3.6 Sola
14.3.7 Robertson
14.3.8 Philips Advance
