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Global LED Lighting Ballast Market 2016-2020

Global LED Lighting Ballast Market 2016-2020

About LED Lamps

LED lamps and luminaires use external ballasts, which are broadly categorized into two main types of external LED drivers:

  • Constant-current drivers
  • Constant-voltage drivers
Constant-current drivers are used where lighting system requires fixed output current with varying range of output voltages. The range of voltage depends on the on the load (wattage) of the LED.

Constant-voltage drivers are used where fixed output voltage is required with a maximum output current. In such type of LED lamps and luminaires, the current in LED light source is already regulated by internal constant driver. It requires constant output voltage, usually 12VDC or 24VDC.

Technavio’s analysts forecast the global LED lighting ballast market to grow at a CAGR of 26.2% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global LED lighting ballast market for 2016-2020. To calculate the market size, the report considers the unit shipment of LED lighting ballast for lamps and luminaires.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, global LED lighting 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
  • Acuity Brands
  • Advanced Lighting Technologies
  • Atlas Lighting Products
  • Eaton
  • Crestron Electronics
  • GE Lighting
  • Hatch Transformers
  • Leviton Manufacturing
  • Lutron Electronics
  • MaxLite
  • Osram Sylvania
  • Philips Lighting Holding
  • Progress Lighting
  • Technical Consumer Products
  • Universal Lighting Technologies
  • Venture Lighting International
Market driver
  • Upcoming major events and infrastructure projects
  • For a full, detailed list, view our report
Market challenge
  • Limited thermal tolerance of LED
  • For a full, detailed list, view our report
Market trend
  • Declining manufacturing cost of LEDs
  • 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 LED Lighting Ballast Market 2016-2020

Technavio recognizes the following companies as the key players in the global LED lighting ballast market: Acuity Brands, Advanced Lighting Technologies, Atlas Lighting Products, Eaton, Crestron Electronics, GE Lighting, Hatch Transformers, Leviton Manufacturing, Lutron Electronics, MaxLite, Osram Sylvania, Philips Lighting Holding, Progress Lighting, Technical Consumer Products, Universal Lighting Technologies, and Venture Lighting International.

Commenting on the report, an analyst from Technavio’s team said: “Declining manufacturing cost of LEDs will be a key trend for market growth. The manufacturing cost of LEDs have been declining since 2012 and will continue to decline during the forecast period. The decline is mainly due to the declining ASP of the chips and components used in the manufacturing process of the LED devices. The reduction in manufacturing cost of LEDs is leading to the decline in initial installation cost of LED lamps and fixtures. This is accelerating the installation of new LED lamps and fixtures across all the application segments.”

According to the report, demand for energy efficient lighting solutions will be a key driver for market growth. Escalating energy cost and consumption has been compelling both governments and consumers to reduce energy consumption and employ power-saving lighting solutions. LEDs are technically efficient in terms of lighting and power consumption. LEDs limit power consumption more effectively than conventional incandescent bulbs. In addition to providing power-efficient lighting, LED bulbs are considerably more durable than incandescent bulbs, by up to thousands of hours. Also, flexible LED technology enables the effective use of lighting controls and thus, increases the potential for saving. This factor has encouraged consumers to deploy LED lighting in many sectors, resulting in wider adoption.

Further, the report states that one of the challenges for the market will be the high average cost of LED fixture. Though the total cost of owning LED lamps and fixtures is low compared with traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance for consumers. The total cost of installation includes cost of LED luminaires and labor cost. Also, if the consumer installs smart lighting fixtures, they have to spend additional money on the internet of things (IoT) infrastructure. The price of smart bulbs also varies by the type of manufacturers. The price of products from major smart LED bulb manufacturers varies from $15 to $180.

Companies Mentioned

Acuity Brands, Advanced Lighting Technologies, Atlas Lighting Products, Eaton, Crestron Electronics, GE Lighting, Hatch Transformers, Leviton Manufacturing, Lutron Electronics, MaxLite, Osram Sylvania, Philips Lighting Holding, Progress Lighting, Technical Consumer Products, Universal Lighting Technologies, and Venture Lighting International.

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Market coverage
    • Market size calculation
    • Definition of general lighting applications
      • Table Definition of general lighting application segments
    • Other definitions
    • Geographical segmentation
      • Table Key regions covered in the report
    • Vendor segmentation
      • Table Prominent vendors
    • Common currency conversion rates
      • Table Common currency conversion rates 2013-2015
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Comparison of electronic ballast and magnetic ballast
  • Technology landscape
    • Table Emerging energy-efficient lighting technologies
    • Comparison between LEDs, incandescent bulbs, and CFLs
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Cost and efficiency of LEDs, incandescent bulbs, and CFLs
    • Cost benefit analysis for LEDs and incandescent bulbs
      • Table Cost comparison for LEDs and incandescent bulbs
  • Market landscape
    • Market overview
  • Market size and forecast
    • Market size calculation for global lighting ballast market for LED lamps
      • Table Global LED lamp market by application 2015-2020 (millions of units)
      • Table Unit shipment of LED lamps contributing to external ballast (millions of units)
      • Table Global unit shipment of newly installed LED lamps by application 2015-2020 (millions of units)
      • Table Global lighting ballast market for LED lamps by application 2015-2020 (millions of unit)
    • Market size calculation for the global lighting ballast market for LED luminaires
      • Table Global LED luminaire market by application 2015-2020 (millions of units)
      • Table Global lighting ballast market for LED luminaires by application 2015-2020 (millions of units)
    • Market size calculation for the global LED lighting ballast market
      • Table Global lighting ballast market for lamps by application 2015-2020 (millions of units)
  • Analysis
    • Market analysis of global lighting ballast market for LED lamps
      • Table Global LED lighting ballast market by application 2015-2020 (millions of units)
    • Conclusion
    • Market analysis of global lighting ballast market for LED luminaire
      • Table Global lighting ballast for LED luminaires 2015-2020 (millions of units)
    • Conclusion
      • Table Global LED lighting ballast market 2015-2020 (millions of units)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Segmentation of global general lighting market by geography 2015
    • Table Global lighting ballast market by geography 2015-2020 (millions of units)
    • APAC
    • EMEA
    • Americas
  • Market drivers
    • Strong government support and incentives on LED lighting projects
      • Table Rebate per unit on installation of energy-efficient lighting solution
      • Table Rebate per fixture for replacing HID or fluorescent interior lighting with LED
      • Table Rebate on installation of new LED lighting products
    • Need for energy efficient lighting solutions
      • Table Comparison of incandescent versus CFL versus LED
    • Regulations on use of energy inefficient lighting components
      • Table Requirements set by US DOE for fluorescent lamp ballast
    • Upcoming major events and infrastructure projects
    • Introduction of energy efficiency certification programs
    • Minamata Convention on Mercury
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Absence of global LED standardization
    • High import duties
      • Table Comparison of BRIC nation import duties
    • High average cost per LED fixture
      • Table Price comparison of connected bulbs from different manufacturers
      • Table LED fixture installation cost
    • Limited thermal tolerance of LED
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in urban population worldwide
      • Table Degree of urbanization by continent 2015
    • Declining manufacturing cost of LEDs
      • Table Manufacturing cost of LED 2012-2020 ($/Klm)
    • Demand for intelligent lighting systems
    • Emergence of smart cities
    • Growing number of smart homes worldwide
      • Table Smart homes worldwide 2015-2020 (millions of units)
      • Table Smart homes penetration rate by geography 2015-2020
    • Introduction of government policies and guidelines on smart lighting
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario 2015
      • Table Competitive scenario 2020
  • Appendix
    • List of abbreviation
  • Explore Technavio

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