Global Digital Ballast Market 2016-2020

About Digital Ballast

Conventional farming methods are influenced by several factors, including weather, sunlight, temperature, and rainfall. Hence, it is difficult to guarantee a stable food supply through conventional farming. The yield in this model can be affected by natural disasters or the increasing shortage of cultivable land. Under these circumstances, vegetable factories that grow vegetables indoors without soil are becoming a global necessity. Vegetable factories control light, temperature, humidity, and nutrients with the help of computers and, occasionally, robots.

A bulb, a ballast, and a reflector constitute the light system necessary for an indoor gardening system. The ballast converts the energy required to power the lamp, carrying out the functions of an engine. Digital ballasts are used in high-intensity discharge (HID) lighting lamps such as high-pressure sodium (HPS) and metal halide (MH) systems.

Technavio’s analysts forecast the global digital ballast market to grow at a CAGR of 11.7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global digital ballast market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of digital ballasts.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Digital Ballast Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Soils Tek
  • Apollo Horticulture
  • Galaxy
  • Quantum
Other prominent vendors
  • Gavita
  • Nanolux
  • Phantom Digital
  • TECHONE
Market driver
  • Growing population and urbanization
  • For a full, detailed list, view our report
Market challenge
  • Need for continuous support and maintenance
  • For a full, detailed list, view our report
Market trend
  • Increase in R&D
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Digital Ballast Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Digital Ballast Market: Soils Tek, Apollo Horticulture, Galaxy and Quantum.

Other Prominent Vendors in the market are: Gavita, Nanolux, Phantom Digital, and TECHONE.

Commenting on the report, an analyst from Technavio’s team said: “Vendors in the vegetable factories market in Japan are increasingly investing in R&D. Vendors are developing vegetable factories for specific end-users. The market is also witnessing the installation of vegetable factories in regions that are not fit for traditional agriculture. As well, rapid changes in technology and consumer preferences are prompting vendors to deliver unique solutions to survive the current commoditization in the market.”

According to the report, increasing in urbanization will drive the demand for new residential and commercial buildings. This will lead to increased use of green cover in urban areas. Coupled with the demand for food, urbanization will boost the demand for the establishment of greenhouses, indoor gardens, and vegetable factories.

Further, the report states that one of the major challenges faced by vegetable factories is the need for continuous support and maintenance from investors.

Companies Mentioned

Soils Tek, Apollo Horticulture, Galaxy, Quantum, Gavita, Nanolux, Phantom Digital, TECHONE

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global digital ballast market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Global agriculture:Overview
    • Agricultural production
      • Table Growth in agricultural production per annum 1997-2030
    • Global agricultural land
      • Table Global agricultural land 2010-2014
  • Geographical segmentation
    • Global digital ballast market by region
      • Table Global digital ballast market by region 2015
      • Table Global digital ballast market by region 2020
    • Digital ballast market in North America
      • Table Digital ballast market in North America 2015-2020 ($ millions)
      • Table Arable land in North America (ha per person)
    • Digital ballast market in Europe
      • Table Digital ballast market in Europe 2015-2020 ($ millions)
      • Table Development of organic agricultural land in Europe 2000-2012 (millions of ha)
      • Table Government budget appropriations for R&D on agriculture ($ millions)
    • Digital ballast market in APAC
      • Table Digital ballast market in APAC 2015-2020 ($ millions)
    • Digital ballast market in ROW
      • Table Digital ballast market in ROW 2015-2020 ($ millions)
  • Market drivers
    • Increased demand for food grain
      • Table World population 2014-2019 (billions)
    • Growing population and urbanization
      • Table Urban and rural population of the world 1950-2050 (millions)
    • Increased demand from plant factories
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Availability of alternatives
    • Increased competition
    • Need for continuous support and maintenance
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in R&D
    • New features
    • RF blocking
  • Vendor landscape
    • Competitive scenario
    • Market vendor analysis
    • Galaxy
    • Hydrofarm
    • Solis Tek
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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