Market Overview:
The global LED lighting ballast market is expected to grow at a CAGR of 10.5% 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 and the growing awareness about the benefits of LED lights over traditional light sources. The global LED lighting ballast market is segmented on the basis of type into constant-current drivers and constant-voltage drivers. The constant-current drivers segment is expected to hold a larger share of the global LED lighting ballast market during the forecast period, owing to their ability to provide accurate current levels for LEDs, which helps in maintaining their lumen output and prevents them from flickering or burning out prematurely. On the basis of application,the global LED lighting ballast market is segmented intoLED lamps andLED luminaires.
Product Definition:
LED Lighting Ballast is a device that regulates the current to LED lights. It is important because it ensures that the LEDs are getting the correct current in order to operate properly and emit light.
Constant-current Drivers:
Constant-Current Driver (CCD) is a special kind of driver used to control the current flow in an LED light. Constant current means constant power supply to the LED regardless of the voltage across it. The CCDs are specially designed for high brightness LEDs and can handle currents up to 1 ampere. They have several advantages over conventional drivers such as lower noise level, higher efficiency, and better temperature control ability among others; which has resulted in increased adoption rate globally.
Constant-voltage Drivers:
Constant-voltage drivers are electronic devices used to convert low voltage DC power into high voltage AC power. Constant-voltage drivers are majorly used in LED lighting ballast market as they help in improving the quality of light by making it brighter and purer. The brightness of a constant-voltage driver can be adjusted as per requirement using a control circuit, which helps in providing better illumination with less energy consumption.
Application Insights:
Based on application, the market has been segmented into LED lamp, LED luminaire and others. The LED lamp segment dominated the overall industry in terms of revenue in 2017. This is attributed to increasing demand for desk lamps, table lamps and flooring/ceiling fans using this technology. Furthermore, a significant increase in demand for residential lighting products is expected to drive the product demand over the forecast period.
The growing popularity of LEDs as an alternative solution to fluorescent or incandescent light sources has resulted in increased penetration across several end-use industries including retail stores and offices among others which are expected to propel industry growth over the coming years.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share 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 LED lighting across industries, such as retail, commercial office spaces, hospitality and exhibit space. Rapid urbanization in developing countries such as China and India has led to an increase in demand for public infrastructure projects including roads, hospitals, airports etc., which will drive product demand further.
The Europe regional market also held a significant share of global LED lighting ballast sales owing to growing adoption across industries coupled with government initiatives favoring energy-efficient products. For instance; In January 2018; The European Commission announced a USD X trillion investment plan supporting innovation through research & development activities along with financial incentives & tax benefits for manufacturers investing heavily in R&D activities related to energy efficiency technologies including LEDs lighting ballasts that consume less power than conventional ones while delivering equivalent or higher light output.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED ballast technology
- Growing demand from commercial and industrial sectors
- Stringent government regulations promoting energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Lighting Ballast Market Research Report
By Type
Constant-current Drivers, Constant-voltage Drivers
By Application
LED Lamp, LED Luminaire
By Companies
Acuity Brands, Advanced Lighting Technologies, Atlas Lighting Products, Eaton, Crestron Electronics, GE Lighting, Hatch Transformers, Leviton Manufacturing, Lutron Electronics, MaxLite, Acuity Brands, Philips Lighting, Progress Lighting, Technical Consumer Products, Universal Lighting Technologies, Venture Lighting
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global LED Lighting Ballast Market Report Segments:
The global LED Lighting Ballast market is segmented on the basis of:
Types
Constant-current Drivers, Constant-voltage Drivers
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
LED Lamp, LED Luminaire
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:
- Acuity Brands
- Advanced Lighting Technologies
- Atlas Lighting Products
- Eaton
- Crestron Electronics
- GE Lighting
- Hatch Transformers
- Leviton Manufacturing
- Lutron Electronics
- MaxLite
- Acuity Brands
- Philips Lighting
- Progress Lighting
- Technical Consumer Products
- Universal Lighting Technologies
- Venture Lighting
Highlights of The LED Lighting 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:
- Constant-current Drivers
- Constant-voltage Drivers
- By Application:
- LED Lamp
- LED Luminaire
- 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 LED Lighting 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?
LED lighting ballasts are electronic devices that convert electrical energy into light. They are used in LED lights, such as those found in lamps and flashlights.
Some of the major players in the led lighting ballast market are Acuity Brands, Advanced Lighting Technologies, Atlas Lighting Products, Eaton, Crestron Electronics, GE Lighting, Hatch Transformers, Leviton Manufacturing, Lutron Electronics, MaxLite, Acuity Brands, Philips Lighting, Progress Lighting, Technical Consumer Products, Universal Lighting Technologies, Venture Lighting.
The led lighting ballast market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Lighting 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 LED Lighting Ballast Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Lighting 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 LED Lighting 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 LED Lighting Ballast Market Size & Forecast, 2018-2028
4.5.1 LED Lighting Ballast Market Size and Y-o-Y Growth
4.5.2 LED Lighting Ballast Market Absolute $ Opportunity
Chapter 5 Global LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Type
5.2.1 Constant-current Drivers
5.2.2 Constant-voltage Drivers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Applications
6.2.1 LED Lamp
6.2.2 LED Luminaire
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Lighting 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 LED Lighting 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 LED Lighting Ballast Analysis and Forecast
9.1 Introduction
9.2 North America LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Type
9.6.1 Constant-current Drivers
9.6.2 Constant-voltage Drivers
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 LED Lighting Ballast Market Size Forecast by Applications
9.10.1 LED Lamp
9.10.2 LED Luminaire
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 LED Lighting Ballast Analysis and Forecast
10.1 Introduction
10.2 Europe LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Type
10.6.1 Constant-current Drivers
10.6.2 Constant-voltage Drivers
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 LED Lighting Ballast Market Size Forecast by Applications
10.10.1 LED Lamp
10.10.2 LED Luminaire
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 LED Lighting Ballast Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Type
11.6.1 Constant-current Drivers
11.6.2 Constant-voltage Drivers
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 LED Lighting Ballast Market Size Forecast by Applications
11.10.1 LED Lamp
11.10.2 LED Luminaire
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 LED Lighting Ballast Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Lighting Ballast 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 LED Lighting Ballast Market Size Forecast by Type
12.6.1 Constant-current Drivers
12.6.2 Constant-voltage Drivers
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 LED Lighting Ballast Market Size Forecast by Applications
12.10.1 LED Lamp
12.10.2 LED Luminaire
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) LED Lighting Ballast Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Lighting Ballast 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) LED Lighting Ballast Market Size Forecast by Type
13.6.1 Constant-current Drivers
13.6.2 Constant-voltage Drivers
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) LED Lighting Ballast Market Size Forecast by Applications
13.10.1 LED Lamp
13.10.2 LED Luminaire
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 LED Lighting Ballast Market: Competitive Dashboard
14.2 Global LED Lighting Ballast Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acuity Brands
14.3.2 Advanced Lighting Technologies
14.3.3 Atlas Lighting Products
14.3.4 Eaton
14.3.5 Crestron Electronics
14.3.6 GE Lighting
14.3.7 Hatch Transformers
14.3.8 Leviton Manufacturing
14.3.9 Lutron Electronics
14.3.10 MaxLite
14.3.11 Acuity Brands
14.3.12 Philips Lighting
14.3.13 Progress Lighting
14.3.14 Technical Consumer Products
14.3.15 Universal Lighting Technologies
14.3.16 Venture Lighting
