Market Overview:
The global inductive ballast market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, especially in commercial and industrial applications. In addition, the growing awareness about the benefits of using LED lights is also contributing to the growth of this market. The inductive ballast market can be segmented on the basis of type into HID inductive ballasts and LED inductive ballasts. The HID inductive ballast segment is expected to account for a larger share of the global market than the LED inductive ballast segment during the forecast period.
Product Definition:
An inductive ballast is a type of ballast that uses an induction coil to start and regulate the flow of electricity in a fluorescent lamp. Inductive ballasts are more efficient than other types of ballasts and can run lamps at higher voltages, which results in increased light output.
Inductive Ballast:
Inductive Ballast is a type of energy storage technology that uses electromagnetic induction to store and regenerate electrical energy. It is different from conventional batteries in the way it works. Conventional ones use chemical reactions, while Inductive Ballast does not have any chemical components; instead, it relies on the magnetic field created by an electric current passed through a coil of wire.
The global market for Inductive Ballast has been growing at a steady pace over the past few years.
HID Inductive Ballast:
HID (High Intensity Discharge) is an energy-efficient lighting technology that uses a high-intensity light source to generate short, bright flashes of light. The HID ballasts are the electronic devices used to control and monitor the operation of such lights. They work on the principle as electricity attracts more electricity and create a powerful magnetic field around it which illuminates the road ahead for safe driving at night.
Application Insights:
The global inductive ballast market has been segmented on the basis of application into home, commercial and industrial. The home segment held the largest share in 2017. Increasing number of residential and commercial buildings across regions is expected to drive demand for HID lighting products, thereby supporting industry growth over the forecast period.
Inductive ballasts are used in a variety of applications including traffic signals, streetlights, parking meters and others. Growing adoption of LED light sources for streetlight replacement is anticipated to have a positive impact on industry growth over the coming years as LEDs consume less power than their counterparts which helps reduce electricity bills which further benefits governments to earn more revenue from energy generation projects.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing adoption of energy-efficient lighting, rapid industrialization, and rising demand for electricity in rural areas. Moreover, growing awareness regarding health & safety coupled with stringent regulations by various regulatory bodies are anticipated to drive product demand over the forecast period.
The Asia Pacific regional market is characterized by presence of key players such as ABB Ltd.; Siemens AG; Johnson Controls Inc.; General Electric; and LG Electronics Inc., which have a strong distribution network across this region. These companies are also actively involved in joint ventures or acquisitions that would help them expand their business operations within this region as well as other regions around the world thus widening their customer base significantly over time.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Growing awareness about the benefits of LED lighting over traditional lighting sources
- Rising demand from commercial and industrial sectors
- Technological advancements in ballast technology
- Stringent government regulations to promote energy-efficient lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Inductive Ballast Market Research Report
By Type
Inductive Ballast, HID Inductive Ballast
By Application
Home, Commercial, Industrial
By Companies
Philips Lighting, Osram, GE Lighting, Acuity Brands, Cooper Lighting, Havells, Panasonic Lighting, Helvar, Universal Lighting Technologies
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Inductive Ballast Market Report Segments:
The global Inductive Ballast market is segmented on the basis of:
Types
Inductive Ballast, HID Inductive Ballast
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, Commercial, Industrial
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 Lighting
- Osram
- GE Lighting
- Acuity Brands
- Cooper Lighting
- Havells
- Panasonic Lighting
- Helvar
- Universal Lighting Technologies
Highlights of The Inductive Ballast 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:
- Inductive Ballast
- HID Inductive Ballast
- By Application:
- Home
- Commercial
- Industrial
- 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 Inductive Ballast 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?
Inductive ballast is a type of electrical equipment that uses an inductor to change the current flowing through it. This can be used to control the power output of a motor, or even to create an alternating current (AC) voltage.
Some of the major companies in the inductive ballast market are Philips Lighting, Osram, GE Lighting, Acuity Brands, Cooper Lighting, Havells, Panasonic Lighting, Helvar, Universal Lighting Technologies.
The inductive ballast 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 Inductive Ballast 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 Inductive Ballast Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inductive Ballast 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 Inductive Ballast 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 Inductive Ballast Market Size & Forecast, 2020-2028
4.5.1 Inductive Ballast Market Size and Y-o-Y Growth
4.5.2 Inductive Ballast 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 Inductive Ballast
5.2.2 HID Inductive Ballast
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
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inductive Ballast 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 Inductive Ballast 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 Inductive Ballast
9.6.2 HID Inductive Ballast
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
9.10.2 Commercial
9.10.3 Industrial
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 Inductive Ballast
10.6.2 HID Inductive Ballast
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
10.10.2 Commercial
10.10.3 Industrial
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 Inductive Ballast
11.6.2 HID Inductive Ballast
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
11.10.2 Commercial
11.10.3 Industrial
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 Inductive Ballast
12.6.2 HID Inductive Ballast
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
12.10.2 Commercial
12.10.3 Industrial
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 Inductive Ballast
13.6.2 HID Inductive Ballast
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
13.10.2 Commercial
13.10.3 Industrial
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 Inductive Ballast Market: Competitive Dashboard
14.2 Global Inductive Ballast Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lighting
14.3.2 Osram
14.3.3 GE Lighting
14.3.4 Acuity Brands
14.3.5 Cooper Lighting
14.3.6 Havells
14.3.7 Panasonic Lighting
14.3.8 Helvar
14.3.9 Universal Lighting Technologies
