Fluorescent Light Ballast Market Research Report Information By Type (Compact Fluorescent Lamp, Linear Fluorescent Lamp, And Cold Cathode Fluorescent Lamp), By Installation (Retrofit And New Installation), By Application (General Lighting, Commercial Lighting, Residential Lighting, Industrial Lighting, Outdoor Lighting, Medical Lighting, And Surgical and Treatment Lighting), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Industry Forecast Till 2032

Global Fluorescent Light Ballast Market Overview

The Fluorescent Light Ballast market industry Size was valued at USD 2.2 billion in 2022. The Fluorescent Light Ballast Market is projected to grow from USD 2.4 billion in 2023 to USD 5.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.3% during the forecast period (2024 - 2032). Increased energy efficiency and low-carbon emissions, rising smart cities, and growing penetration of LED are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fluorescent Light Ballast Market Trends

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  Growing energy efficiency and low carbon emissions are driving the market growth

  
  

Market CAGR for fluorescent light ballast is driven by the rising number of energy efficiency and low carbon emissions. An essential component of a country's economic growth is energy efficiency. Due to increasing global warming and regulatory requirements, there has been a growing demand to lower energy use and carbon emissions.

Additionally, in both residential and commercial settings, compact fluorescent lights (CFLs), sometimes referred to as fluorescent tubes and bulbs, can produce 50 to 100 lumens per watt. In comparison, a typical incandescent bulb produces 16 lumens per watt. This advantage translates into energy efficiency, which lowers expenses and power consumption.

The market is expanding more quickly due to the rise in demand for LED lighting brought about by the development and modernization of infrastructure, such as smart cities. The market benefits from the increased use of LEDs as a light source in general illumination.

The growing ubiquity of LEDs further impacts the market due to their extended lifespan, dependability and efficiency. It is well known that these lights are more affordable than incandescent ones. As a result, it is anticipated that throughout the projection period, demand for energy efficiency and low carbon emission will increase due to the rising obesity rate. Thus, driving the Fluorescent Light Ballast market revenue.

Fluorescent Light Ballast Market Segment Insights:

Fluorescent Light Ballast Type Insights

The Fluorescent Light Ballast Market segmentation, based on type, includes compact fluorescent lamp, linear fluorescent lamp, and cold cathode fluorescent lamp. The compact fluorescent lamp segment dominated the market, accounting for the maximum market revenue due to the broad availability of CFLs in an array of sizes and forms to accommodate a range of applications. CFLs are well-liked lights that are commonly used in home fixtures; they frequently feature screw bases and built-in ballasts.

Fluorescent Light Ballast Installation Insights

The Fluorescent Light Ballast Market segmentation, based on installation, includes Retrofit And New Installation. The retrofit category generated the most income due to its conventional incandescent light bulb being swapped out for the retrofit fluorescent light. Compared to standard bulbs, it lasts longer and generates more light.

Figure 1: Fluorescent Light Ballast Market, by Installation, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Fluorescent Light Ballast Application Insights

The Fluorescent Light Ballast Market segmentation, based on application, includes general lighting, commercial lighting, residential lighting, industrial lighting, outdoor lighting, medical lighting, surgical and treatment lighting, and general/mounted lighting. The commercial lighting segment generated the most income due to its considerable penetration in offices. Office areas are frequently lit by fluorescent tubes and lights, which offer comfortable and effective illumination for workers.

Fluorescent Light Ballast Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Fluorescent Light Ballast market area will dominate this market, owing to an increase in energy conservation awareness and rising demand from commercial sectors like hotels, malls, airports, etc. In addition, the growing programs promoting sustainability and regulations demanding high levels of energy efficiency will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: FLUORESCENT LIGHT BALLAST MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Fluorescent Light Ballast market accounts for the second-largest market share due to the increasing use of energy-efficient lighting solutions and the existence of major manufacturers. Further, the German Fluorescent Light Ballast market held the largest market share, and the UK Fluorescent Light Ballast market was the fastest-growing market in the European region.

The Asia-Pacific Fluorescent Light Ballast Market is expected to grow at the fastest CAGR from 2023 to 2032 due to growing infrastructure construction, increasing government initiatives, and rising urbanization. Moreover, China's Fluorescent Light Ballast market held the largest market share, and the Indian Fluorescent Light Ballast market was the fastest-growing market in the Asia-Pacific region.

Fluorescent Light Ballast Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Fluorescent Light Ballast market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Fluorescent Light Ballast industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Fluorescent Light Ballast industry to benefit clients and increase the market sector. In recent years, the Fluorescent Light Ballast industry has offered some of the most significant advantages to customers. Major players in the Fluorescent Light Ballast market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

Signify NV, formerly known as Philips Lighting NV, is an international lighting company based in the Netherlands that was established in 2016 following the spin-off of Philips' lighting division through an initial public offering. Electric lights, light fixtures, and control systems for professionals, consumers, and the Internet of Things are produced by the company. Philips Lighting rebranded as Signify in 2018. The corporation still uses the Philips brand to produce lamps. In terms of professionals, consumers, and the Internet of Things, Signify is the global leader. In February 2023, Signify confirmed connected lighting systems, LED street lighting, and smart poles to the industrial parks in Huanggang City, China. With the support of this huge smart pole project, the province will be able to decrease energy usage and emissions while also modernizing the city's infrastructure.

The Zumtobel Group is an Austrian lighting specialist firm. For both indoor and outdoor applications, Zumtobel develops, produces, and markets lighting, luminaires, lighting management, and lighting components. The business leads the European market for professional lighting systems and ranks second for lighting components. In addition to operating sales and partner businesses in around 90 countries, the organization manages ten production facilities across three continents. The group is divided into two divisions: the Tridonic Division handles the components business, and the Zumtobel Lighting Division handles the lighting business under the Zumtobel and Thorn brands. In July 2023, three new luminaries and two intelligent lighting technology systems were added to Zumtobel's product line. These state-of-the-art solutions include the SPOTLIGHT infinite II light line family and the TRAMAO pendant luminaire for hotels and offices, which effectively absorbs sound and provides the best light quality.

Key Companies in the Fluorescent Light Ballast market include

• Signify Holding (Netherlands)


• Fagerhult Group (Sweden)


• OSRAM GmbH (Germany)


• Zumtobel Group AG (Austria)


• LEDVANCE GmbH (Germany)


• Altman Lighting (U.S.)


• Astute Lighting Ltd (UK.)


• Bamford Lighting (UK.)


• Dextra Group (UK.)


• Enarlux (Spain)


• Halla, a.s (Czechia)


• Hubbell Incorporated (US.)


• Ideal Industries, Inc. (US.)


• Raggiani Spa Illuminazione (Italy)


• Sylvania (US.)


• TRILUX Lighting Ltd (India)


• OLIGO Lichttechnik GmbH (Germany)

Fluorescent Light Ballast Industry Developments

May 2023: Zumtobel introduced the brand-new high-accuracy positioning luminaries. These innovative luminaries have Internet of Things integration for intelligent analyses in retail, industrial, and logistical applications.

August 2022: Union Minister Jitendra Singh unveiled "Roshni," India's first saltwater lantern that runs LED lights using salt water. Furthermore, it was anticipated that these lamps would support a robust renewable energy program aimed at achieving energy security and access as well as reducing the carbon footprints of the Indian economy, in conjunction with the Power Minister's initiatives, such as study lamps.

Fluorescent Light Ballast Market Segmentation

Fluorescent Light Ballast Type Outlook

• Compact Fluorescent Lamp


• Linear Fluorescent Lamp


• Cold Cathode Fluorescent Lamp

Fluorescent Light Ballast Installation Outlook

• Retrofit


• New Installation

Fluorescent Light Ballast Application Outlook

• General Lighting


• Commercial Lighting


• Residential Lighting


• Industrial Lighting


• Outdoor Lighting


• Medical Lighting


• Surgical and Treatment Lighting


• General/Mounted Lighting


• Others

Fluorescent Light Ballast Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America