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 USD 3.6 Billion in 2027 from the current net worth of USD 6.8 Billion in 2022.
| Report Attributes | Details |
|---|---|
| HID Ballast Market Size (2022) | USD 6.8 Billion |
| Projected Market Value (2027) | USD 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 USD 9.8 Billion in 2012 and declined at a CAGR of -3.2% to end up with a net worth of USD 7.3 Billion 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.
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 | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries |
| Key Market Segments Covered | Product Type, Application, Sales Channel, Region |
| Key Companies Profiled | 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; Advanced Lighting Technologies Inc. |
| Pricing | Available upon Request |
The global HID ballast market is predicted to decline at a CAGR of -9.8% over the forecast period (2022 to 2027).
In 2022, the global HID ballast market is set to be valued at USD 6.8 Bn.
The HID ballast market is estimated to drop to a net value of USD 3.6 Billion.
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 2. Market Introduction 3. Market Viewpoint 4. Global HID Ballast Market Dynamics 5. Forecast Factors: Relevance and Impact 6. Global HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 By Product Type 6.1. Electromagnetic Ballast 6.2. Electronic Ballast 7. Global HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 By Application 7.1. Automotive 7.2. Residential 7.3. Commercial 7.4. Industrial 7.5. Outdoors 8. Global HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 By Sales Channel 8.1. Offline 8.2. Online 9. Global HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 By Region 9.1. North America 9.2. Latin America 9.3. Asia Pacific Excluding Japan 9.4. Western Europe 9.5. Eastern Europe 9.6. Middle East and Africa 9.7. Japan 10. North America HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 11. Latin America HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 12. Western Europe HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 13. Eastern Europe HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 14. APEJ HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 15. MEA HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 16. Japan HID Ballast Market Analysis 2012 to 2021 and Forecast 2022 to 2027 17. Competition Landscape 17.1. Philips Lighting Holding B.V. 17.2. General Electric Company 17.3. Fulham Co., Inc. 17.4. Villa Industrias, S.A. de C.V. 17.5. Eaton Corporation 17.6. Westinghouse Electric Corporation 17.7. Morimoto HID 17.8. Satco Products Inc. 17.9. Howard Industries, Inc. 17.10. Halco Lighting Technologies 17.11. Iris Energy Private Limited 17.12. OSRAM Licht AG 17.13. HELLA KGaA Hueck & Co. 17.14. Universal Lighting Technologies 17.15. GUANGZHOU FUCHW INDUSTRIAL CO., LTD. 17.16. Lighting and Power Technologies, LLC 17.17. Advanced Lighting Technologies, Inc. 18. Research Methodology 19. Appendix
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