Global Lighting Ballast Market is segmented based on 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.
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.
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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.
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.
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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.