Global Lighting Ballast Market is segmented on the basis of types,
application, and region. Lighting ballasts are devices needed by a range of
lighting technologies, including HID lamps and florescent lamps. These ballasts
help to safely start and operate a lamp, providing it with the correct voltage
for startup and the right energy flow to run the lamp. Lighting ballast has
three primary functions, such as establish an electric arc through the lamp,
limit current through the lamp after ignition, compensate for variations in
line voltage and ensure steady lumen output. The development of smart cities is
considered to be one of the major factors that will have a positive impact on
the growth of the lighting ballast market.
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Smart lighting helps conserve energy and reduce operational cost and is
an important feature for the construction of smart cities. Lighting Ballast
Market is classified, by type into Electronic Ballasts, and Magnetic Ballasts.
Magnetic Ballasts do employ a copper coil wound on a magnetic core as their
vital components.
Electronic Ballast is a device that controls the starting voltage as well
as the operating currents of lighting devices built on the principle of electrical
gas discharge. It refers to the part of the circuit that limits the current
flow through the lighting device and may differ from being a single resistor to
a complex, larger device. In some fluorescent lighting systems like dimmers, it
is also responsible for the controlled flow of electrical energy to heat the
lamp electrodes.
Lighting Ballasts Market is classified, by application into residential,
and commercial. Lighting Ballasts Market is segmented, geographically into
North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin
America, Middle East and Africa. Asia Pacific accounted for the largest market
share of the Lighting Ballasts Market in 2014 and is expected to lead the
market in future. This is due to the increased application of lighting devices
in residential applications, the general lighting market in Asia Pacific is
growing at a rapid rate.
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Moreover, the availability of low-cost labor and raw materials is
attracting several manufacturers from across the globe to start manufacturing
units in Asia Pacific. As a result, the region is becoming a hub for several
industries, which in turn will increase the demand for lighting fixtures from
the commercial segment as well. North American market is growing at steady
rate, with the U.S. showing the highest demand for residential and office
lighting solutions. The region has been experiencing an increase in the demand
for lighting control systems over the period.
This is due to increase in demand for energy-efficient lighting solutions
because of the implementation of strict government regulations and standards
related to energy use in the U.S. during the forecast period. The declining
cost of LEDs and its improving performance have driven its adoption in the U.S.
Lighting Ballasts Market key players are Acuity Brands, Atlas Lighting
Products, Eaton, GE, Crestron Electronics and Philips.
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