About Energy Efficient Lamps and Ballasts
Energy-efficient lighting entails getting more light from fewer bulbs by replacing high-power-consumption lights like incandescents and high-pressure sodium lamps, for example. This is also used in a variety of control technologies, such as GPRS or GSM-based controls or SCADA-based controls. Investments in the market for energy-efficient lamps and ballasts have already resulted in substantial reductions in global energy demand. The market for energy-efficient lamps and ballasts is constantly introducing new products that provide multiple benefits by reducing or limiting energy consumption, as well as a reduction in both international and domestic pressure on energy production and supply systems, resulting in increased system flexibility. This can also have a positive economic impact, such as redirecting funds previously spent on energy production and supply to other economic sectors and lowering government spending.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Europe and Asia Pacific Players will contribute the maximum growth to Global Energy Efficient Lamps and Ballasts market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Savant Systems (United States), OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (United States), Applied Materials, Inc. (United States), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (United States), Ceravision Ltd (United Kingdom) and SYSKA LED (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Verbatim Ltd (United States), AIXTRON SE (Germany) and SeaGull Lighting (United States).
Segmentation Overview
AMA Research has segmented the market of Global Energy Efficient Lamps and Ballasts market by Type (Fluorescent Lamps, CFLs, LED Lamps, HID (High Intensity Discharge) Lamps and Others), Application (Commercial Sector, Industrial Sector and Residential Sector) and Region.
On the basis of geography, the market of Energy Efficient Lamps and Ballasts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ballasts Type, the sub-segment i.e. Magnetic Fluorescent Ballasts will boost the Energy Efficient Lamps and Ballasts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Energy Efficient Lamps and Ballasts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Smart Lighting in Smart Homes
Market Growth Drivers:
Rising Demand for Energy-Efficient Lighting Products and Increasing Awareness Among People About Energy Saving Products
Challenges:
Various Alternatives Available
Restraints:
Lack of Awareness
Opportunities:
High Demand Driven By the Modernization and Development of Infrastructures Such as Smart Cities and Development of Wireless Technology for Street Lighting Systems
Market Leaders and their expansionary development strategies
In August 2023, Delta announced the release of the EUCO-2.1kW LED drivers, the newest models of its EUCO Arena Sport Series with DALI 2/D4i and DMX/RDM versions. The new DALI model is certified with D4i standard, an extension of the DALI-2 lighting protocol, to meet demands on integrating IoT connectivity into LED sports lighting and other industrial and commercial lighting applications.
In April 2023, Signify introduces new Philips Ultra Efficient LED bulbs that deliver up to 50,000 hours of light, more than 3x the lifetime usage as compared to standard Philips LED bulbs. Using advanced LED design and optics technology,
Key Target Audience
Manufacturers of Energy Efficient Lamps, Suppliers of Energy Efficient Lamps, Wholesalers, Distributors and Retailers of Energy Efficient Lamps, Electronic Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.