[205 Pages Report] Sales of HID ballasts are estimated to drop at a CAGR of - 9.8% from 2022 to 2027. The global HID ballast market is predicted to drop to a valuation of US$ 3.6 Billion in 2027 from the current net worth of US$ 6.8 Billion in 2022.
| Report Attributes | Details |
|---|---|
| HID Ballast Market Size (2022) | US$ 6.8 Billion |
| Projected Market Value (2027) | US$ 3.6 Billion |
| Global Market Growth Rate (2022-2027) | -9.8% CAGR |
| APEJ Market Share (2022) | 38% |
At present, demand value of HID ballasts account for around 5.6% share in the global lighting products market. However, stringent government mandates to implement energy-efficient lighting solutions have majorly impacted the sales of HID ballasts across the world.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | - 7.2% |
| H1,2022 Projected (P) | - 7.8% |
| H1,2022 Outlook (O) | - 6.2% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 7 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 104 ↑ |
According to Future Market Insights, a comparison and review study will be conducted on the trends and dynamics of the global market for HID ballasts. This market is primarily driven by stringent government regulations requiring the adoption of energy-efficient lighting solutions, which have had a significant impact on the sales of HID ballasts globally.
According to FMI study, there will be a 104-unit increase in the change in BPS values observed in the market for HID Ballast in H1, 2022 - Outlook compared to first-half 2021 actual. The market is anticipated to fall by 7 basis points from the earlier predictions for the first half of 2022.
Increasing government investments in energy-efficient lighting systems and solutions, rising scope of use in infrastructure locations like stadiums and parking lots, and rising illumination efficiency need in the automotive industry are some factors driving up demand for HID ballasts.
Despite consistent growth, the expanding range of applications for LED is anticipated to significantly impede the sales of HID ballasts over the projection period. Anyhow, over the forecast period, sales of headlamp ballasts are anticipated to increase as a result of automotive manufacturers' focus on boosting the effectiveness and power of their headlamps.
The market's potential is also anticipated to benefit from the increasing use of HID headlamps to increase illumination effectiveness.
HID ballasts have seen a drop in sales and demand over the past years as the demand for efficient lighting solutions increased. Increasing scope of application of LED is expected to majorly hinder HID ballast sales over the forecast period.
Shipments of HID ballasts accounted for a market value of US$ 9.8 Bn in 2012 and declined at a CAGR of -3.2% to end up with a net worth of US$ 7.3 Bn in 2021.
While the overall market is predicted to decline at a substantial rate, there are still some areas of opportunities that HID ballast suppliers could focus on to boost their HID ballast kit sales to a certain extent.
Increasing demand for illumination efficiency in the automotive industry, rising scope of application in infrastructural spaces such as stadiums and parking lots, and increasing government investments in energy-efficient lighting systems and solutions are some factors that promote HID ballast demand.
Consumption of HID ballasts is projected to drop at a CAGR of -9.8% from 2022 to 2027.
Principal Consultant
“Demand for HID Headlight Ballasts to Remain Prominent in Automotive Industry”
Automotive manufacturers are focusing on increasing the efficiency and power of their headlamps and this is expected to drive sales of headlamp ballasts over the forecast period. Rising adoption of HID headlamps to improve illumination efficiency is also expected to favour market potential.
Aftermarket opportunities for HID ballast kits are immense as the popularity and efficiency of HID headlamps rise in the global marketplace. HID xenon lamps have gained massive popularity over the years and old car owners have also started replacing headlamps which is driving demand for HID ballast kits.
“Innovative Product Launches to Drive Shipments of HID Ballasts”
HID ballast manufacturers are investing in the research and development of innovative products to generate sales. Focus on illumination efficiency in multiple lighting fixtures is expected to fuel advancements in lighting technology. New product launches are expected to majorly influence the market potential.
HID ballast suppliers are also adopting various organic and inorganic growth strategies to increase market presence and generate more revenue.
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“Stringent Government Mandates for Energy-efficient Lighting Solutions to Hinder Market Potential”
Environmental concerns have deepened over the past few years as climate emergency has become an imminent threat to mankind. Governments across the world are implementing strict laws to improve energy efficiency and reduce energy consumption to lessen its impact on the environment.
Increasing deployment of LED lighting fixtures and systems and low cost of LED lights also negatively impact demand for HID ballasts.
“North America to Remain Significant Regional Market for Sales of HID Ballasts”
The HID ballast market insights shed light on metrics of regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
Demand for HID ballasts in North America accounts for 15.2% of the global industry landscape in 2022. Rising government investments for the replacement of conventional lighting systems with new energy-efficient lights are expected to drive HID ballast shipments in this region.
Increasing popularity of decorative lighting in Latin America is expected to drive sales of HID ballasts in the region. Shipments of HID ballasts from Latin America account for 8.4% of the global marketplace in 2022.
Rising infrastructural opportunities in East Asia, South Asia, and the Pacific regions are expected to drive the consumption of HID ballasts in these regions. Increasing demand from the automotive sector is also expected to majorly influence the sales of HID ballasts in the aforementioned regions.
“Demand for Efficient Outdoor Lighting to Impact Electronic HID Ballast Shipments”
Rapid urbanization and industrialization in India have substantially shaped many markets in the nation. These factors have propelled the demand for better infrastructure in the nation.
Establishment of stadiums, parking lots, and other outdoor event spaces has propelled the demand for better illumination in these establishments. This is expected to boost sales of electronic HID ballasts for LED lighting systems in India. Government initiatives are also expected to impact market potential
“Government Regulations to Shift to More Efficient Lighting Solutions to Hamper HID Ballast Sales”
In 2016, China announced a ban on incandescent light bulbs and has been largely focusing on deploying energy-efficient lighting solutions across the country. This has hampered the sales of HID ballasts in the nation.
However, the highly lucrative industrial and automotive sectors are expected to drive the sales of electronic HID ballasts that are compliant with new LED lighting systems. Increasing focus on the environmental impact of lighting fixtures and energy consumption are predicted to be major factors influencing market potential in China.
“Sales of HID Ballast Kits via Offline Channels to Have Bright Outlook”
Offline sales of HID ballasts have been dominant in the market and are expected to maintain a similar outlook over the forecast period as well. Increasing popularity of online channels is expected to affect offline HID ballast sales minimally.
HID ballast manufacturers gain direct access to consumers via offline channels and get to portray their products which is a major factor driving sales via offline channels. Scope of negotiation and better business relationships building is possible via offline channels and provides advantages over online sales channel portals.
COVID-19 disrupted industrial activity across the globe and adversely affected the already slowing HID ballast marketplace. Increasing concerns regarding efficient and environment-friendly lighting solutions have negatively impacted the sales of HID ballasts over the recent years, and this decline is expected to pace up over the coming years as well.
However, the pandemic of 2020 sped up the decline of the HID ballast market potential. The market is expected to see minimal recovery in the post-pandemic era. Increasing use of LED lighting solutions and systems is expected to phase out the demand for conventional ballasts.
HID ballast kits for new electronic lighting fixtures are expected to see some increase in demand while consumption of LED ballasts is projected to rise as adoption of LED lighting fixtures increases in multiple end-use industries.
HID ballast companies are investing in the research and development of innovative energy-efficient products to meet the changing demand for lighting fixtures. The HID ballast market is highly fragmented with market players holding significant shares in respective local markets.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered |
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| Key Countries Covered |
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| Key Market Segments Covered |
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| Key Companies Profiled |
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| Pricing | Available upon Request |
HID Ballast Market by Product Type:
HID Ballast Market by Application:
HID Ballast Market by Sales channel:
HID Ballast Market by Region:
The global HID ballast market is predicted to decline at a CAGR of -9.8% over the forecast period (2022-2027).
In 2022, the global HID ballast market is set to be valued at US$ 6.8 Bn.
The HID ballast market is estimated to drop to a net value of US$ 3.6 Bn.
Key HID ballast manufacturers are Howard Industries Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, and GUANGZHOU FUCHW INDUSTRIAL CO. LTD.
From 2012 to 2021, demand for HID ballasts declined at a CAGR of -3.2%.
1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.1.1. Global GDP Growth Outlook
3.1.2. Global Industrial Growth Outlook
3.1.3. Global Oil Production & Consumption Outlook
3.1.4. Global Energy Consumption Outlook
4. Global HID Ballast Market Dynamics
4.1. Driver
4.2. Restraints
4.3. Pricing Analysis
5. Forecast Factors: Relevance and Impact
6. Global HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027 By Product Type
6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Product Type, 2012 - 2021
6.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type, 2022 - 2027
6.3.1. Electromagnetic Ballast
6.3.2. Electronic Ballast
6.4. Key Trends / Developments
6.5. Absolute Dollar Opportunity By Product Type
7. Global HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027 By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Application, 2012 - 2021
7.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application, 2022 - 2027
7.3.1. Automotive
7.3.2. Residential
7.3.3. Commercial
7.3.4. Industrial
7.3.5. Outdoors
7.4. Key Trends / Developments
7.5. Absolute Dollar Opportunity By Application
8. Global HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027 By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Sales Channel, 2012 - 2021
8.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel, 2022 - 2027
8.3.1. Offline
8.3.2. Online
8.4. Key Trends / Developments
8.5. Absolute Dollar Opportunity By Sales Channel
9. Global HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027 By Region
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Region, 2012 - 2021
9.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Region, 2022 - 2027
9.3.1. North America
9.3.2. Latin America
9.3.3. Asia Pacific Excluding Japan
9.3.4. Western Europe
9.3.5. Eastern Europe
9.3.6. Middle East and Africa
9.3.7. Japan
9.4. Absolute Dollar Opportunity By Region
10. North America HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
10.2.1. By Country
10.2.2. By Product Type
10.2.3. By Application
10.2.4. By Sales Channel
10.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
10.3.1. Electromagnetic Ballast
10.3.2. Electronic Ballast
10.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
10.4.1. Automotive
10.4.2. Residential
10.4.3. Commercial
10.4.4. Industrial
10.4.5. Outdoors
10.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
10.5.1. Offline
10.5.2. Online
10.6. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
10.6.1. U.S.
10.6.2. Canada
10.7. Key takeaways
10.8. Drivers and Restraints: Impact Analysis
11. Latin America HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
11.2.1. By Country
11.2.2. By Product Type
11.2.3. By Application
11.2.4. By Sales Channel
11.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
11.3.1. Electromagnetic Ballast
11.3.2. Electronic Ballast
11.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
11.4.1. Automotive
11.4.2. Residential
11.4.3. Commercial
11.4.4. Industrial
11.4.5. Outdoors
11.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
11.5.1. Offline
11.5.2. Online
11.6. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
11.6.1. Brazil
11.6.2. Mexico
11.6.3. Rest of Latin America
11.7. Key takeaways
11.8. Drivers and Restraints: Impact Analysis
12. Western Europe HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
12.1. Introduction
12.2. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
12.2.1. Electromagnetic Ballast
12.2.2. Electronic Ballast
12.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
12.3.1. Automotive
12.3.2. Residential
12.3.3. Commercial
12.3.4. Industrial
12.3.5. Outdoors
12.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
12.4.1. Offline
12.4.2. Online
12.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
12.5.1. Germany
12.5.2. Italy
12.5.3. France
12.5.4. U.K.
12.5.5. Spain
12.5.6. BENELUX
12.5.7. Rest of Western Europe
12.6. Key takeaways
12.7. Drivers and Restraints: Impact Analysis
13. Eastern Europe HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
13.2.1. By Country
13.2.2. By Product Type
13.2.3. By Application
13.2.4. By Sales Channel
13.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
13.3.1. Electromagnetic Ballast
13.3.2. Electronic Ballast
13.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
13.4.1. Automotive
13.4.2. Residential
13.4.3. Commercial
13.4.4. Industrial
13.4.5. Outdoors
13.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
13.5.1. Offline
13.5.2. Online
13.6. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
13.6.1. Russia
13.6.2. Poland
13.6.3. Rest of Eastern Europe
13.7. Key takeaways
13.8. Drivers and Restraints: Impact Analysis
14. APEJ HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
14.2.1. By Country
14.2.2. By Product Type
14.2.3. By Application
14.2.4. By Sales Channel
14.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
14.3.1. Electromagnetic Ballast
14.3.2. Electronic Ballast
14.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
14.4.1. Automotive
14.4.2. Residential
14.4.3. Commercial
14.4.4. Industrial
14.4.5. Outdoors
14.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
14.5.1. Offline
14.5.2. Online
14.6. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
14.6.1. China
14.6.2. India
14.6.3. ASEAN
14.6.4. ANZ
14.6.5. Rest of APEJ
14.7. Key takeaways
14.8. Drivers and Restraints: Impact Analysis
15. MEA HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
15.2.1. By Country
15.2.2. By Product Type
15.2.3. By Application
15.2.4. By Sales Channel
15.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
15.3.1. Electromagnetic Ballast
15.3.2. Electronic Ballast
15.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
15.4.1. Automotive
15.4.2. Residential
15.4.3. Commercial
15.4.4. Industrial
15.4.5. Outdoors
15.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
15.5.1. Offline
15.5.2. Online
15.6. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Country 2022 - 2027
15.6.1. GCC
15.6.2. Turkey
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. Key takeaways
15.8. Drivers and Restraints: Impact Analysis
16. Japan HID Ballast Market Analysis 2012–2021 and Forecast 2022–2027
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume (‘000 Units) Analysis By Market Taxonomy, 2012 - 2021
16.2.1. By Country
16.2.2. By Product Type
16.2.3. By Application
16.2.4. By Sales Channel
16.3. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Product Type 2022 - 2027
16.3.1. Electromagnetic Ballast
16.3.2. Electronic Ballast
16.4. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Application 2022 - 2027
16.4.1. Automotive
16.4.2. Residential
16.4.3. Commercial
16.4.4. Industrial
16.4.5. Outdoors
16.5. Current Market Size (US$ Mn) and Volume (‘000 Units) Forecast By Sales Channel 2022 - 2027
16.5.1. Offline
16.5.2. Online
16.6. Key takeaways
16.7. Drivers and Restraints: Impact Analysis
17. Competition Landscape
17.1. Market Structure
17.2. Competition Dashboard
17.3. Competition Intensity Mapping By Market Taxonomy
17.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
17.4.1. Philips Lighting Holding B.V.
17.4.2. General Electric Company
17.4.3. Fulham Co., Inc.
17.4.4. Villa Industrias, S.A. de C.V.
17.4.5. Eaton Corporation
17.4.6. Westinghouse Electric Corporation
17.4.7. Morimoto HID
17.4.8. Satco Products Inc.
17.4.9. Howard Industries, Inc.
17.4.10. Halco Lighting Technologies
17.4.11. Iris Energy Private Limited
17.4.12. OSRAM Licht AG
17.4.13. HELLA KGaA Hueck & Co.
17.4.14. Universal Lighting Technologies
17.4.15. GUANGZHOU FUCHW INDUSTRIAL CO.,LTD.
17.4.16. Lighting and Power Technologies, LLC
17.4.17. Advanced Lighting Technologies, Inc.
18. Research Methodology
19. Appendix
19.1. List of Other Market Players
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HID Ballast Market
