Fluorescent Light Ballast Market is predicted to reach at a CAGR of 9.3% during the forecast period 2024-2032

Market Research Future (MRFR) has published on the “Global Fluorescent Light Ballast Market”.

The Fluorescent Light Ballast market is estimated to register a CAGR of 9.3% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Fluorescent Light Ballast market— Signify Holding (Netherlands), Fagerhult Group (Sweden), OSRAM GmbH (Germany), Zumtobel Group AG (Austria), LEDVANCE GmbH (Germany), Altman Lighting (US), Astute Lighting Ltd (UK), Bamford Lighting (UK), Dextra Group (UK), Enarlux (Spain), Halla, a.s (Czechia), Hubbell Incorporated (US), Ideal Industries, Inc. (US), Reggiani Spa Illuminazione (Italy), Sylvania (US), TRILUX Lighting Ltd (India), OLIGO Lichttechnik GmbH (Germany).

Fluorescent Light Ballast Market Highlights

The global Fluorescent Light Ballast market is accounted to register a CAGR of 9.3% during the forecast period. It is estimated to reach USD 5.3 Billion by 2032.

The growing energy efficiency and low carbon emissions due to rising global warming and regulatory requirements are driving the market's growth. The huge initial cost of the fluorescent lighting market is restraining the market growth. Additionally, the rising adoption rate of fluorescent lights due to long shelf life and low heat emissions are anticipated to spur the use of Fluorescent Light Ballast, which is anticipated to promote the growth of the global Fluorescent Light Ballast market.

Segment Analysis

The global Fluorescent Light Ballast market has been segmented based on type, installation, and application.

On the basis of type, the market is segmented into compact fluorescent lamp, linear fluorescent lamp, and cold cathode fluorescent lamp. The compact fluorescent lamp segment was attributed to holding the largest market share in 2022 due to the broad availability of CFLs in an array of sizes and forms.

On the basis of installation, the market is segmented into retrofit and new installation. The retrofit segment was attributed to holding the largest market share in 2022 due to its conventional incandescent light bulb.

Based on application, the global Fluorescent Light Ballast market has been segmented into general lighting, commercial lighting, residential lighting, outdoor lighting, medical lighting, surgical and treatment lighting, and general/mounted lighting. The commercial lighting segment was expected to hold the largest market share in 2022 due to its considerable penetration in offices.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Fluorescent Light Ballast Market Research Report

Regional Analysis

The global Fluorescent Light Ballast market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Fluorescent Light Ballast market comprises of Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Fluorescent Light Ballast market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World Fluorescent Light Ballast market comprises of Middle East, Africa, and Latin America.

The largest market share for Fluorescent Light Ballast was maintained by the North American regional sector. This increase is attributed to energy conservation awareness and rising demand from commercial sectors in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing programs promoting sustainability, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.

Moreover, the Europe market has been persistently growing over the forecast period. The rising use of energy efficient lighting solutions and existence of major manufacturers drive the demand for Fluorescent Light Ballast.

Additionally, due to the increasing emphasis placed on energy efficiency and low carbon emissions by government bodies through policies and initiatives, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from growing infrastructure construction and urbanization.

Furthermore, the Rest of the world's Fluorescent Light Ballast market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising demand for energy-efficient and low-carbon lighting and increasing research and development. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.

Key Findings of the Study

• The global Fluorescent Light Ballast market is expected to reach USD 5.3 billion by 2032, at a CAGR of 9.3% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on energy efficiency and low carbon emissions by government bodies through policies and initiatives.


• Based on application, the commercial lighting segment was attributed to holding the largest market in 2022, with an approximate market share of 46%.


• Signify Holding (Netherlands), Fagerhult Group (Sweden), OSRAM GmbH (Germany), Zumtobel Group AG (Austria), LEDVANCE GmbH (Germany), Altman Lighting (US), Astute Lighting Ltd (UK), Bamford Lighting (UK), Dextra Group (UK), Enarlux (Spain), Halla, a.s (Czechia), Hubbell Incorporated (US), Ideal Industries, Inc. (US), Reggiani Spa Illuminaizione (Italy), Sylvania (US), TRILUX Lighting Ltd (India), OLIGO Lichttechnik GmbH (Germany).