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LED lighting ballast market to grow at CAGR 26.2% till 2020

LED lighting ballast market to grow at CAGR 26.2% till 2020

Dec 13, 2016: LED lighting ballast market to grow at a CAGR of 26.2% during the period 2016-2020, states the LED lighting ballast market report.

LED lamps and luminaires use external ballasts, which are broadly categorized into two main types of external LED drivers:

• Constant-current drivers

• Constant-voltage drivers

Constant-current drivers are used where lighting system requires fixed output current with varying range of output voltages. The range of voltage depends on the on the load (wattage) of the LED.

Constant-voltage drivers are used where fixed output voltage is required with a maximum output current. In such type of LED lamps and luminaires, the current in LED light source is already regulated by internal constant driver. It requires constant output voltage, usually 12VDC or 24VDC.

Market drivers of LED lighting ballast

• Strong government support and incentives on LED lighting projects

• Need for energy efficient lighting solutions

• Regulations on use of energy inefficient lighting components

• Upcoming major events and infrastructure projects

• Introduction of energy efficiency certification programs

• Minamata Convention on Mercury

Market Challenge of LED Lighting Ballast:

• Absence of global LED standardization

• High import duties

• High average cost per LED fixture

• Limited thermal tolerance of LED

Market Trend of LED Lighting Ballast:

• Increase in urban population worldwide

• Declining manufacturing cost of LEDs

• Demand for intelligent lighting systems

• Emergence of smart cities

• Growing number of smart homes worldwide

• Introduction of government policies and guidelines on smart lighting

 

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