Focus on offering energy-efficient low-cost products that provide an upper edge to key players in the global market
Companies in the global HID ballast market are focussing on expanding their businesses in the growing markets of developing countries and offering high quality products at competitive prices. Increasing product innovations (offering products with advanced technology) and customized solutions that can meet multiple requirements at a lower cost will emerge as a prime differentiating factor in the long term. Most of the developed countries across the globe are benefitting from government initiatives that promote innovation. However, several developing countries are yet to implement any regulations in this field. These countries also have a large stock of preinstalled HID systems, which can turn out to be a major aftermarket opportunity for market players.
Growing dominance of LEDs in most of the applications is the major hindrance in the growth of the global HID ballast market
LED is emerging as one of the most promising technologies in terms of commercial viability in the future among several kinds of clean technologies such as photovoltaic solar power, wind power, and electric vehicles. With technological innovations and advanced energy saving options, LEDs have gained high popularity in the overall lighting market. The price of LEDs is tumbling rapidly, helping drive technology transition. The green revolution in lighting is also continuing apace, with other energy-efficient lighting technologies being acknowledged as a bridge towards full LED penetration.
HID Ballast Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)Buy Now
Custom Market Research Services
xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough
Why Choose XploreMR
Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.
Country-wise Analysis & Forecasting
As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.
High Quality At Competitive Pricing
We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information
India Hydrological and Meteorological Equipment Market Forecast, Trend Analysis & Opportunity Assessment 2020-2030
A recent market study published by XploreMR on the Hydrological & meteorological equipment Market includes India industry analysis for 2015-2019 & opportunity assessment for 2020-203 ...
Global Market Study on Family/Indoor Entertainment Centers: VR Gaming Zone Segment to Hold Prominent Value Share
Report Synopsis XploreMR offers a 10-year forecast of the family/indoor entertainment centers market between 2018 and 2028. In terms of value, the family/indoor entertainment centers m ...