Global Energy Efficient Lamps and Ballasts Market

Global Energy Efficient Lamps and Ballasts Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 23% during forecast period of 2019 to 2026.

Global Energy Efficient Lamps and Ballasts Market Drivers and Restrains:

Global investments in the energy efficient lamps and ballasts market has already resulted in significant reductions in the world demand for energy. The energy that has been saved due to the use of energy efficient lighting products is almost 5% less than that utilized with the use of conventional lighting systems on a global front in the last five years.

The energy efficient lamps and ballasts market is continuously offering products that produce multiple benefits by reducing or limiting the energy consumption and it contains a reduction of both international as well as domestic pressure on energy production and supply systems, thereby giving rise to added flexibility of the system. This can also result in positive economic results, such as making redirection of finances spent on energy production and supply to other economic sectors and a reduction in public expenditures.

The global energy efficient lamps and ballasts market is driven by cost competitive replacement to incandescent bulbs, high light output at low power consumption, various acceptable size & form, long operational life and low maintenance cost. However, high cost involved, contains little amounts of mercury and lacks attribute for heat sensitivity applications are hampering the market growth at the global level. Unidirectional light output and reluctance to switch to led lighting are likely to create lucrative opportunities in the global energy efficient lamps and ballasts market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Energy Efficient Lamps and Ballasts Market Segmentation:

Based on the type lamps, the global energy efficient lamps and ballasts market is segmented into Fluorescent lamps, Compact Fluorescent Lamps (CFLs), LED (light emitting diode) lamps, and HID (high intensity discharge) lamps. The LED Lamps and CFL Lamps segments are expected to grow at the largest CAGR of XX% during the forecast period. The rising demand was greatly contributed by the low cost of energy efficient lamps. This trends indicate that significant reduction in the price of CFLs and surge in demand for energy efficient lamps is likely to bolster growth in the market in the upcoming periods.

Global Energy Efficient Lamps and Ballasts Market Regional:

Geographically, the energy efficient lamps and ballasts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe together held the XX% share of the energy efficient lamps and ballasts market in 2018 due to the favorable government policies for energy efficiency and developed economies. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period. Asia Pacific is anticipated to be the fastest growing economy over the forecast period, with high expected production and consumption of energy efficient lamps in general, and LED lamps in particular. Moreover, the rising investments in research and development activities for the introduction of advanced energy efficient products are predicted to accelerate the growth of this region in the near future.

Global Energy Efficient Lamps and Ballasts Market Competitive landscape

Major Key players operating in this market are Philips Lighting, Acuity Brands, OSRAM, GE electronics, Havells, and Cooper Lighting. Manufacturers in the Global Energy Efficient Lamps and Ballasts are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

The objective of the report is to present a comprehensive analysis of Global Energy Efficient Lamps and Ballasts Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Energy Efficient Lamps and Ballasts Market dynamics, structure by analyzing the market segments and project the Global Energy Efficient Lamps and Ballasts Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Energy Efficient Lamps and Ballasts Market make the report investor’s guide.

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Scope of the Global Energy Efficient Lamps and Ballasts Market:

Global Energy Efficient Lamps and Ballasts Market, by Lamps Type:

• Fluorescent lamps
• Compact Fluorescent Lamps (CFLs)
• LED (light emitting diode) lamps
• HID (high intensity discharge) lamps
Global Energy Efficient Lamps and Ballasts Market, by Ballasts Type:

• Magnetic fluorescent ballasts
• Electronic fluorescent ballasts
• CFL ballasts
• LED driver modules
• Magnetic HID ballasts
• Electronic HID ballasts
Global Energy Efficient Lamps and Ballasts Market, by Application:

• Industrial Lighting
• Commercial Lighting
Global Energy Efficient Lamps and Ballasts Market, by Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Energy Efficient Lamps and Ballasts Market, Major Players:

• Philips Lighting
• Acuity Brands
• OSRAM
• GE electronics
• Havells
• Cooper Lighting
• Panasonic Lighting
• Samsung Electronics
• Wal-Mart
• Albertson’s Inc.
• Johnson Controls, Inc.
• Sony Corporation of America

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