Industry Background:
Ballast is a device commonly used in fluorescent lighting to control, regulate the current of a lamp and the voltage to start one. The main function of ballasts is to control current within specifications and to provide proper light output. The ballast is classified into two types magnetic and electronic. The magnetic ballast has replaced by electronic ballast due to high performance and maximum energy savings characteristics compared to magnetic. Moreover, the government is also taking initiative for less electricity consumption, for instance, Canada’s Office of Energy Efficiency (OEE) revised the regulations of Canada's Energy Efficiency Act in 2004 to increase the efficiency of fluorescent lamp ballasts. Since then electronic ballasts have been developed to improve and replace the older technology.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | DAISALUX (Japan), Eckerle Industrie- Elektronik GmbH (Germany), Federal Elektrik (Turkey), International Rectifier (United States), IREM SPA (Italy), Leistungselektronik JENA GmbH (Germany), STMicroelectronics (Switzerland), Intermatic (United States) and Infineon Technologies (Germany) |
This growth is primarily driven by Modern ballasts are environment-friendly, Low cost as compared to traditional lighting, Ease of installation and handling and Ballasts are light in weight and compact in size.
Globally, a noticeable market trend is evident Increasing demand for energy-efficient lighting Major Manufacturers, such as DAISALUX (Japan), Eckerle Industrie- Elektronik GmbH (Germany), Federal Elektrik (Turkey), International Rectifier (United States), IREM SPA (Italy), Leistungselektronik JENA GmbH (Germany), STMicroelectronics (Switzerland), Intermatic (United States) and Infineon Technologies (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Ballasts are a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In April 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation. The San Jose-based company was part of Infineon from the time of settlement. The acquisition of Cypress is a landmark step in Infineon's strategic development.
In May 2023, Infineon Technologies AG is diversifying its silicon carbide supplier base and entered into a long-term agreement with TanKeBlue, a Chinese SiC supplier, to secure additional competitive SiC sources. TanKeBlue supplies German-based semiconductor manufacturers with competitive, high-quality 150mm SiC wafers and SiC semiconductor manufacturing bowls, which will capture a double-digit share of expected demand in the long term.
Influencing Trend:
Increasing demand for energy-efficient lighting
Market Growth Drivers:
Modern ballasts are environment-friendly, Low cost as compared to traditional lighting, Ease of installation and handling and Ballasts are light in weight and compact in size
Challenges:
Ballasts Are Prone To Physical, And Electrical Damage
Restraints:
Power Fluctuations May Cause a Failure
Opportunities:
Increasing Demand for Electronic Ballasts
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ballasts Market
- Analysis about New Entrants in Ballasts Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ballasts Study Sheds Light on
The Ballasts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ballasts industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ballasts industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.