Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Type (Fluorescent lamps, Compact Fluorescent Lamps (CFLs), LED (light emitting diode) lamps, HID (high-intensity discharge) lamps), By Ballasts Type (Magnetic fluorescent ballasts, Electronic fluorescent ballasts, CFL ballasts, LED driver modules, Magnetic HID ballasts, Electronic HID ballasts), By Application (Industrial Lighting, Commercial Lighting) And Competitive Landscape
Product Code: ETC393594 | Publication Date: Oct 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 |
Asia Pacific energy efficient lamps and ballasts market is expected to grow during the forecast period. The region's market is primarily driven by the increasing awareness about energy conservation and the need to reduce greenhouse gas emissions. The rapid economic growth in countries such as India, China, and Japan is also resulting in an increased demand for energy efficient lighting products.
According to 6Wresearch, the Asia Pacific energy efficient lamps and ballasts market is expected to grow during 2022-2028. The Asia Pacific region is home to some of the world's leading manufacturers of energy-efficient lighting products, such as Philips Lighting, Osram Licht AG, and Eaton Corporation. These companies are investing heavily in research and development activities to introduce new and innovative products in the market. In addition, they are also expanding their production capacities to meet the growing demand from various end-use industries.
The Asia Pacific energy efficient lamps and ballasts market is forecasted to grow. The demand for energy-efficient lighting systems is expected to increase in the near future due to the rising awareness about energy conservation and the stringent government regulations on energy efficiency.
The Asia Pacific region is one of the fastest-growing markets for energy-efficient lighting products due to the rapid economic development in countries such as China, India, and Japan. The increasing population and urbanization are also some of the key factors driving the growth of the Asia Pacific energy efficient lamps and ballasts market. Moreover, the growing construction industry in this region is another major factor propelling the demand for energy-efficient lighting products.
The energy-efficient lamps and ballasts market is anticipated to grow at a rapid pace owing to the increasing demand for energy-efficient lighting systems. The light-emitting diode (LED) is an energy-efficient lighting technology that offers significant advantages over conventional lighting technologies such as incandescent bulbs and fluorescent lamps, thus providing a major push to the growth of this market. The LED lights consume less power than traditional lighting sources and have low maintenance costs. They also provide better light quality and longer life span than incandescent bulbs or fluorescent lamps, which has resulted in their widespread adoption in the commercial sector. Moreover, the government regulations on energy efficiency are also driving the growth of this market. For instance, according to the US Department of Energy, replacing existing T12 fluorescent lamps with new T8 electronic ballasts can result in an annual saving of about USD 4 per fixture per year. In addition, their lesser heat generation allows for higher air conditioning savings. Thus, the rising demand for LEDs from commercial establishments is anticipated to fuel the growth of this market during the forecast period.
The Asia Pacific energy efficient lamps and ballasts market is majorly driven by the rapid industrialization and urbanization in the region. The increasing government initiatives to promote energy efficiency and reduce carbon emissions are also providing a boost to the market growth. Some of the major exporters in the Asia Pacific region include China, Japan, South Korea, India, and Taiwan.
China is one of the leading manufacturers of energy-efficient lighting products in the world. The country has been investing heavily in research and development of new technologies to improve product efficiency. As a result, Chinese manufacturers have been able to offer competitively priced products that meet international quality standards.
Japan is another major player in the Asia Pacific energy efficient lamps and ballasts market. The country has a well-developed manufacturing sector and is a leader in many cutting-edge technologies such as LED lighting. Japanese manufacturers have also been able to benefit from government incentives to promote energy-saving products.
South Korea is another significant exporter of energy-efficient lighting products in the Asia Pacific region. The country has a strong manufacturing base and is a leading producer of high-quality LEDs. South Korean manufacturers have also benefited from government policies that support the adoption of energy-saving technologies.
India is another key player in the Asia Pacific energy efficient lamps and ballasts market. The country has seen rapid economic growth in recent years, which has led to an increase in demand for energy-efficient lighting products. Indian manufacturers have been able
The major drivers for the growth of this market are the stringent government regulations regarding energy efficiency and the growing awareness among consumers about the benefits of using energy efficient products.
The competitive landscape of the Asia Pacific energy efficient lamps and ballasts market is fragmented with a large number of players. Some of the key players in this market are Philips Lighting, Osram Licht AG, General Electric, Cree Inc., and Eaton Corporation.
The outburst of the pandemic has declined the growth of almost every market. The Asia Pacific Energy Efficient Lamps and Ballasts market suffered a downturn due to the disruption in supply chain owing to shutting down of manufacturing units.
Some of the key players operating in the Asia Pacific energy efficient lamps and ballasts market are Philips Lighting, Osram Licht AG, Eaton Corporation, General Electric Company, Cree, Inc., Acuity Brands Lighting, Inc., Hubbell Incorporated, and Digital Lumens.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Energy Efficient Lamps And Ballasts Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenues & Volume, 2021 & 2028F |
3.3 Asia Pacific Energy Efficient Lamps And Ballasts Market - Industry Life Cycle |
3.4 Asia Pacific Energy Efficient Lamps And Ballasts Market - Porter's Five Forces |
3.5 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.7 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenues & Volume Share, By Ballasts Type, 2021 & 2028F |
3.8 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 Asia Pacific Energy Efficient Lamps And Ballasts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Energy Efficient Lamps And Ballasts Market Trends |
6 Asia Pacific Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
6.1 Asia Pacific Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
6.2 Asia Pacific Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
6.3 Asia Pacific Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
7 China Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
7.1 China Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
7.2 China Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
7.3 China Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
8 India Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
8.1 India Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
8.2 India Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
8.3 India Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
9 Japan Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
9.1 Japan Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
9.2 Japan Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
9.3 Japan Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
10 Australia Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
10.1 Australia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
10.2 Australia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
10.3 Australia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
11 Indonesia Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
11.1 Indonesia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
11.2 Indonesia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
11.3 Indonesia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
12 Philippines Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
12.1 Philippines Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
12.2 Philippines Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
12.3 Philippines Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
13 Malaysia Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
13.1 Malaysia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
13.2 Malaysia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
13.3 Malaysia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
14 Rest of Asia Energy Efficient Lamps And Ballasts Market, 2018 - 2028 |
14.1 Rest of Asia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Type, 2018 - 2028 |
14.2 Rest of Asia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Ballasts Type, 2018 - 2028 |
14.3 Rest of Asia Energy Efficient Lamps And Ballasts Market, Revenues & Volume, By Application, 2018 - 2028 |
15 Asia Pacific Energy Efficient Lamps And Ballasts Market Key Performance Indicators |
16 Asia Pacific Energy Efficient Lamps And Ballasts Market - Opportunity Assessment |
16.1 Asia Pacific Energy Efficient Lamps And Ballasts Market Opportunity Assessment, By Countries, 2021 & 2028F |
16.2 Asia Pacific Energy Efficient Lamps And Ballasts Market Opportunity Assessment, By Type, 2021 & 2028F |
16.3 Asia Pacific Energy Efficient Lamps And Ballasts Market Opportunity Assessment, By Ballasts Type, 2021 & 2028F |
16.4 Asia Pacific Energy Efficient Lamps And Ballasts Market Opportunity Assessment, By Application, 2021 & 2028F |
17 Asia Pacific Energy Efficient Lamps And Ballasts Market - Competitive Landscape |
17.1 Asia Pacific Energy Efficient Lamps And Ballasts Market Revenue Share, By Companies, 2021 |
17.2 Asia Pacific Energy Efficient Lamps And Ballasts Market Competitive Benchmarking, By Operating and Technical Parameters |
18 Company Profiles |
19 Recommendations |
20 Disclaimer |