Increasing Application of HID Ballast in Automotive Sector to Promote Potential Market Growth Avenues

HID Ballast Market

HID i.e. high intensity discharge ballast is one of the important part of HID lighting system. It provides a voltage strike to establish the short circuit so that the ballast helps to limit the current level. Several companies are focusing to invest heavily in research and development field to offer integrate technological advancement and customized solutions in their standard products. Thereby, manufacturers are able to fulfill consumers multiple requirements in the near future.

According to FMI report, the global HID ballast market is expected to witness declining growth during the forecast period 2017 – 2026. The market estimated to be valued at US$ 9,061.6 Mn in 2018 and estimated to drop down at US$ 3,647.5 Mn by the end of 2027 with a declining CAGR of -9.1%.

What are the potential factors that can increase market penetration of HID ballasts?

The primary factors to influence global HID ballast market growth are:

  • Strong focus to deliver energy efficient and cost effective products to attract large customer base.
  • Initiatives taken by government to replace conventional lighting system in order to enhance brightness setup at outdoor commercial places like parking areas, recreational centers and stadiums.
  • Increasing application of HID ballast in automotive sectors results to accelerate the demand

In addition to this, growing trend of decorative lighting coupled with increasing replacement of street lighting and tunnel lighting is anticipated to propel the demand for HID ballast during the forecast period. However, growing consumer preference for LED in several applications is expected to hinder HID ballast market growth.

What is the overall market scenario?

HID ballast are broadly categorized into two main ballast technologies, electronic ballast and electromagnetic ballast. The adoption of electromagnetic ballast technology in lighting system is expected to witness impetus growth. This is attributed to its optimal lumen maintenance, enhanced color control and higher efficiency. However, on the account of decreasing sales due to its limited durability, electromagnetic ballast sales is expected to be valued at US$ 287.1 Mn in 2027 from US$ 1,038.5 Mn in 2017.

HID ballast finds several applications in residential, industrial, commercial, automotive and outdoors among others. Among these, automotive sector is observed to account for major volume share. Market player involved in the manufacture of headlamps and headlights are strongly focusing on the energy efficient lamps in order to improve driver’s vision. However increasing rate of HID ballast replacement with the LED lamps has led to descent HID ballast sales from 64,510 (‘000 Units) in 2016 to 28,327 (‘000 Unit) by the end of 2027.

The offline sales channel is anticipated to remain prominent channel as it gain direct access between market players and customers thereby, presents a variety of products. In addition, offline sales channel offers positive impact on value negotiation and establish better relation with customer. Whereas, growing internet architecture is expected to create potential prospects for key stakeholders in the untapped market of emerging economies through online sales channel.

Where can market players find reap high profits?

HID ballast market players are expected to gain potential opportunities in the Asia-Pacific excluding Japan (APEJ). Increasing construction activities coupled with expanding commercial and industrial sector due to growing population is highly likely to strengthen HID ballast market growth avenues in the near future. In addition to this, gradual shift from conventional lighting setup to eco-friendly lighting source in Europe has led to ban low-voltage halogen lightings thereby creates significant opportunities for HID ballast manufacturers.

Who are the key stake holders in HID ballast market?

Company’s brand image and consumer’s loyalty towards their brand plays vital role to hold maximum share in the market at global as well as domestic level. Tier I companies such as General Electric Company, Westinghouse Electric Corporation, OSRAM Licht AG, Halco Lighting Technologies and Philips Lighting Holding B.V. among other are some of the market player that account for 70% – 75% share of the global market.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4233

About Nikhil Kaitwade 330 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.