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PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1442568

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PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1442568

Energy Efficient Lamps and Ballasts Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region:

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Description

Table of Contents

The global market for energy efficient lamps and ballasts is set to experience significant growth over the forecast period from 2024 to 2031, according to a report by Fairfield Market Research. The market, which was valued at US$ 4.5 billion in 2024, is expected to expand at a CAGR of 12.0%, reaching a staggering US$ 10.2 billion by 2031.

Sustainability Driving Consumer Preference

As sustainability becomes an increasingly vital concern, consumer preference for energy conservation is on the rise. This shift is leading consumers to switch from conventional lighting to energy-saving options. Notably, lighting accounts for approximately 11% of household electricity consumption in the UK, as reported by the Energy Saving Trust. By transitioning to energy-efficient LED lighting, British households can save up to £250 annually, with each light bulb providing savings between £15 and £18.

Government Initiatives Boosting Adoption

Government initiatives worldwide are playing a pivotal role in accelerating the adoption of energy-efficient lighting solutions. Notable among these efforts is the provision of 400,000 energy-efficient LED bulbs to households in Tozeur, Djerba, and Tunis by the National Agency for Energy Management (ANME). These bulbs are expected to reduce electricity consumption by an impressive 40%, underscoring the significant impact of such initiatives on energy conservation.

Factors Driving Market Demand

Introduction of New Technologies and Investments:

Technological advancements, particularly in components like LEDs and CFL bulbs, are poised to bolster market growth. Increased investment in research and development is expected to drive significant revenue growth, with smart lighting solutions anticipated to contribute substantially to market expansion.

Country-Wise Insights:

North America is projected to dominate the global market, with energy-efficient lamp and ballast sales in the region reaching US$ 4.1 billion by 2031. In the United States, LED technology is spearheading a fundamental shift in lighting, with energy savings estimated at 75% compared to incandescent lighting.

Asia Pacific Growth Potential: In the Asia Pacific region, government initiatives aimed at reducing energy consumption and conserving energy are expected to fuel market growth. China is expected to lead the market, reaching US$ 900 million by 2031, driven by investments in energy efficiency and consumer awareness about LED lights.

Category-Wise Insights

LED Lamps Driving Market Dominance:

LED lighting is projected to dominate the market, with revenues expected to grow at a CAGR of 10.1% by 2031. The versatility of LED lighting, offering superior light quality and energy efficiency, positions it as a key driver of market growth.

Commercial Applications Steadily Growing:

Commercial applications are expected to drive steady growth in the market, particularly in sectors such as offices, hospitals, and schools. Energy-efficient lamps offer longer lifespans, lower maintenance costs, and energy-saving features, making them increasingly popular in commercial settings.

Competitive Analysis

Collaborations between energy efficient lamp and ballast manufacturers and technology companies are shaping the competitive landscape. Organizations are expanding their product lines and technological capabilities to capture a greater market share. Research and development play a crucial role in product improvement and innovation, allowing companies to gain a competitive edge.

Key Companies Profiled:

  • Philips Lighting
  • Osram
  • GE Lighting
  • Acuity Brands
  • Cooper Lighting
  • Havells
  • Panasonic Lighting
  • Surya Roshni Ltd
  • Shree Sant Kripa Appliance Pvt.Ltd
  • Crompton Greaves Consumer Electricals LTD

Energy Efficient Lamps and Ballasts Market Outlook by Category

By Type:

  • Fluorescent Lamps
  • CFLs
  • LED Lamps
  • HID (High-Intensity Discharge) Lamps
  • Others

By Applications:

  • Commercial
  • Industrial
  • Residential

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
Show more

Table of Contents

1. Executive Summary

  • 1.1. Global Energy Efficient Lamps and Ballasts Market Snapshot
  • 1.2. Future Projections
  • 1.3. Key Market Trends
  • 1.4. Regional Snapshot, by Value & Volume, 2023
  • 1.5. Analyst Recommendations

2. Market Overview

  • 2.1. Market Definitions and Segmentations
  • 2.2. Market Dynamics
    • 2.2.1. Drivers
    • 2.2.2. Restraints
    • 2.2.3. Market Opportunities
  • 2.3. Value Chain Analysis
  • 2.4. Porter's Five Forces Analysis
  • 2.5. COVID-19 Impact Analysis
    • 2.5.1. Supply
    • 2.5.2. Demand
  • 2.6. Impact of Ukraine-Russia Conflict
  • 2.7. Economic Overview
    • 2.7.1. World Economic Projections
  • 2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

  • 3.1. Global Demand Response System, Production Output, by Region, 2018 - 2023
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. Middle East & Africa

4. Price Trend Analysis, 2018-2023,

  • 4.1. Key Highlights
  • 4.2. Global Average Price Analysis, by Type, US$ per Unit
  • 4.3. Prominent Factors Affecting Demand Response System Prices
  • 4.4. Global Average Price Analysis, by Region, US$ per Unit

5. Global Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 5.1. Global Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 5.1.1. Key Highlights
      • 5.1.1.1. Fluorescent Lamps
      • 5.1.1.2. CFLs
      • 5.1.1.3. LED Lamps
      • 5.1.1.4. HID (High-Intensity Discharge) Lamps
      • 5.1.1.5. Others
  • 5.2. Global Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 5.2.1. Key Highlights
      • 5.2.1.1. Commercial
      • 5.2.1.2. Industrial
      • 5.2.1.3. Residential
  • 5.3. Global Energy Efficient Lamps and Ballasts Market Outlook, by Region, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 5.3.1. Key Highlights
      • 5.3.1.1. North America
      • 5.3.1.2. Europe
      • 5.3.1.3. Asia Pacific
      • 5.3.1.4. Latin America
      • 5.3.1.5. Middle East & Africa

6. North America Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 6.1. North America Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 6.1.1. Key Highlights
      • 6.1.1.1. Fluorescent Lamps
      • 6.1.1.2. CFLs
      • 6.1.1.3. LED Lamps
      • 6.1.1.4. HID (High-Intensity Discharge) Lamps
      • 6.1.1.5. Others
  • 6.2. North America Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 6.2.1. Key Highlights
      • 6.2.1.1. Commercial
      • 6.2.1.2. Industrial
      • 6.2.1.3. Residential
    • 6.2.2. BPS Analysis/Market Attractiveness Analysis
  • 6.3. North America Energy Efficient Lamps and Ballasts Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 6.3.1. Key Highlights
      • 6.3.1.1. U.S. Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 6.3.1.2. U.S. Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 6.3.1.3. Canada Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 6.3.1.4. Canada Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 7.1. Europe Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 7.1.1. Key Highlights
      • 7.1.1.1. Fluorescent Lamps
      • 7.1.1.2. CFLs
      • 7.1.1.3. LED Lamps
      • 7.1.1.4. HID (High-Intensity Discharge) Lamps
      • 7.1.1.5. Others
  • 7.2. Europe Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 7.2.1. Key Highlights
      • 7.2.1.1. Commercial
      • 7.2.1.2. Industrial
      • 7.2.1.3. Residential
    • 7.2.2. BPS Analysis/Market Attractiveness Analysis
  • 7.3. Europe Energy Efficient Lamps and Ballasts Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 7.3.1. Key Highlights
      • 7.3.1.1. Germany Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.2. Germany Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.3. U.K. Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.4. U.K. Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.5. France Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.6. France Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.7. Italy Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.8. Italy Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.9. Turkey Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.10. Turkey Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.11. Russia Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.12. Russia Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.13. Rest of Europe Energy Efficient Lamps and Ballasts Market Material, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 7.3.1.14. Rest of Europe Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 8.1. Asia Pacific Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 8.1.1. Key Highlights
      • 8.1.1.1. Fluorescent Lamps
      • 8.1.1.2. CFLs
      • 8.1.1.3. LED Lamps
      • 8.1.1.4. HID (High-Intensity Discharge) Lamps
      • 8.1.1.5. Others
  • 8.2. Asia Pacific Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 8.2.1. Key Highlights
      • 8.2.1.1. Commercial
      • 8.2.1.2. Industrial
      • 8.2.1.3. Residential
    • 8.2.2. BPS Analysis/Market Attractiveness Analysis
  • 8.3. Asia Pacific Energy Efficient Lamps and Ballasts Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 8.3.1. Key Highlights
      • 8.3.1.1. China Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.2. China Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.3. Japan Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.4. Japan Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.5. South Korea Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.6. South Korea Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.7. India Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.8. India Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.9. Southeast Asia Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.10. Southeast Asia Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.11. Rest of Asia Pacific Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 8.3.1.12. Rest of Asia Pacific Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 9.1. Latin America Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 9.1.1. Key Highlights
      • 9.1.1.1. Fluorescent Lamps
      • 9.1.1.2. CFLs
      • 9.1.1.3. LED Lamps
      • 9.1.1.4. HID (High-Intensity Discharge) Lamps
      • 9.1.1.5. Others
  • 9.2. Latin America Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 9.2.1. Key Highlights
      • 9.2.1.1. Commercial
      • 9.2.1.2. Industrial
      • 9.2.1.3. Residential
    • 9.2.2. BPS Analysis/Market Attractiveness Analysis
  • 9.3. Latin America Energy Efficient Lamps and Ballasts Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 9.3.1. Key Highlights
      • 9.3.1.1. Brazil Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.2. Brazil Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.3. Mexico Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.4. Mexico Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.5. Argentina Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.6. Argentina Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.7. Rest of Latin America Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 9.3.1.8. Rest of Latin America Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Energy Efficient Lamps and Ballasts Market Outlook, 2018 - 2031

  • 10.1. Middle East & Africa Energy Efficient Lamps and Ballasts Market Outlook, by Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 10.1.1. Key Highlights
      • 10.1.1.1. Fluorescent Lamps
      • 10.1.1.2. CFLs
      • 10.1.1.3. LED Lamps
      • 10.1.1.4. HID (High-Intensity Discharge) Lamps
      • 10.1.1.5. Others
  • 10.2. Middle East & Africa Energy Efficient Lamps and Ballasts Market Outlook, by Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 10.2.1. Key Highlights
      • 10.2.1.1. Commercial
      • 10.2.1.2. Industrial
      • 10.2.1.3. Residential
    • 10.2.2. BPS Analysis/Market Attractiveness Analysis
  • 10.3. Middle East & Africa Energy Efficient Lamps and Ballasts Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 10.3.1. Key Highlights
      • 10.3.1.1. GCC Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.2. GCC Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.3. South Africa Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.4. South Africa Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.5. Egypt Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.6. Egypt Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.7. Nigeria Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.8. Nigeria Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.9. Rest of Middle East & Africa Energy Efficient Lamps and Ballasts Market Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
      • 10.3.1.10. Rest of Middle East & Africa Energy Efficient Lamps and Ballasts Market Application, Value (US$ Bn) & Volume (Units), 2018 - 2031
    • 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

  • 11.1. Manufacturer vs Type Heatmap
  • 11.2. Company Market Share Analysis, 2023
  • 11.3. Competitive Dashboard
  • 11.4. Company Profiles
    • 11.4.1. Philips Lighting
      • 11.4.1.1. Company Overview
      • 11.4.1.2. Product Portfolio
      • 11.4.1.3. Financial Overview
      • 11.4.1.4. Business Strategies and Development
    • 11.4.2. Osram
      • 11.4.2.1. Company Overview
      • 11.4.2.2. Product Portfolio
      • 11.4.2.3. Financial Overview
      • 11.4.2.4. Business Strategies and Development
    • 11.4.3. GE Lighting
      • 11.4.3.1. Company Overview
      • 11.4.3.2. Product Portfolio
      • 11.4.3.3. Financial Overview
      • 11.4.3.4. Business Strategies and Development
    • 11.4.4. Acuity Brands
      • 11.4.4.1. Company Overview
      • 11.4.4.2. Product Portfolio
      • 11.4.4.3. Financial Overview
      • 11.4.4.4. Business Strategies and Development
    • 11.4.5. Cooper Lighting
      • 11.4.5.1. Company Overview
      • 11.4.5.2. Product Portfolio
      • 11.4.5.3. Financial Overview
      • 11.4.5.4. Business Strategies and Development
    • 11.4.6. Havells
      • 11.4.6.1. Company Overview
      • 11.4.6.2. Product Portfolio
      • 11.4.6.3. Financial Overview
      • 11.4.6.4. Business Strategies and Development
    • 11.4.7. Panasonic Lighting
      • 11.4.7.1. Company Overview
      • 11.4.7.2. Product Portfolio
      • 11.4.7.3. Financial Overview
      • 11.4.7.4. Business Strategies and Development
    • 11.4.8. Surya Roshni Ltd
      • 11.4.8.1. Company Overview
      • 11.4.8.2. Product Portfolio
      • 11.4.8.3. Financial Overview
      • 11.4.8.4. Business Strategies and Development
    • 11.4.9. Shree Sant Kripa Appliance Pvt.Ltd
      • 11.4.9.1. Company Overview
      • 11.4.9.2. Product Portfolio
      • 11.4.9.3. Financial Overview
      • 11.4.9.4. Business Strategies and Development
    • 11.4.10. Crompton Greaves Consumer Electricals LTD
      • 11.4.10.1. Company Overview
      • 11.4.10.2. Product Portfolio
      • 11.4.10.3. Financial Overview
      • 11.4.10.4. Business Strategies and Development

12. Appendix

  • 12.1. Research Methodology
  • 12.2. Report Assumptions
  • 12.3. Acronyms and Abbreviations
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