Research Reports
Global HID Ballast Market to reach US$ 3,647.5 Mn by 2027- FMI
Global HID Ballast Market to reach US$ 3,647.5 Mn by 2027- FMI
Published by Uma Rajagopal
Posted on February 2, 2022
Global Banking and Finance Review
Company
Published by Uma Rajagopal
Posted on February 2, 2022
According to the new report published by Future Market Insights titled “HID Ballast Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” companies are focussing on expanding their businesses in the growing markets of developing countries and are striving to offer high quality products at competitive prices. Global sales of HID ballasts is estimated to be valued at US$ 3,647.5 Mn by 2027.
The global HID ballast market is expected to decline gradually over the period of 10 years between 2017 and 2027. This market is expected to register a growth rate of -9.1% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players. One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-4233
Global HID Ballast Market: Key Regional Takeaways
Global HID Ballast Market: Forecast by Product Type
On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2017 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-4233
Global HID Ballast Market: Forecast by Application
On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2016 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.
Global HID Ballast Market: Forecast by Sales Channel
The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4233
Global HID Ballast Market: Competitive Landscape
Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation
Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Consumer Appliances Market: The global consumer appliances market is expected to reach US$ 539.9 Bn by the end of 2029, in comparison to the US$ 383.8 Bn registered in 2021.
Calibrators Market: Sales in the global calibrators market are slated to top US$ 924.7 Bn in 2022. Expanding at a healthy 4.1% CAGR, the market size is projected to total US$ 1.2 Bn by 2029.
Walk-in Coolers and Freezers Market: The global walk-in coolers and freezers market is estimated to be worth around US$ 9.52 Bn in 2022.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
According to the new report published by Future Market Insights titled “HID Ballast Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027),” companies are focussing on expanding their businesses in the growing markets of developing countries and are striving to offer high quality products at competitive prices. Global sales of HID ballasts is estimated to be valued at US$ 3,647.5 Mn by 2027.
The global HID ballast market is expected to decline gradually over the period of 10 years between 2017 and 2027. This market is expected to register a growth rate of -9.1% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players. One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-4233
Global HID Ballast Market: Key Regional Takeaways
Global HID Ballast Market: Forecast by Product Type
On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2017 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-4233
Global HID Ballast Market: Forecast by Application
On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2016 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.
Global HID Ballast Market: Forecast by Sales Channel
The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4233
Global HID Ballast Market: Competitive Landscape
Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation
Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.
Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain
Consumer Appliances Market: The global consumer appliances market is expected to reach US$ 539.9 Bn by the end of 2029, in comparison to the US$ 383.8 Bn registered in 2021.
Calibrators Market: Sales in the global calibrators market are slated to top US$ 924.7 Bn in 2022. Expanding at a healthy 4.1% CAGR, the market size is projected to total US$ 1.2 Bn by 2029.
Walk-in Coolers and Freezers Market: The global walk-in coolers and freezers market is estimated to be worth around US$ 9.52 Bn in 2022.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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