LEDs to overtake ballast segment
In addition to falling LED manufacturing costs, there are four additional drivers specifically behind near-term rapid growth in the lighting ballast market: an increase in worldwide urban population, a solid demand for intelligent lighting, the trend toward smart cities, and supportive government policies and guidelines on the use of smart lighting.
Technavio analyst Navin Rajendra reviewed the progress: “In 2015, LED lighting ballasts accounted for approximately 11% of the global lighting ballast shipment compared to traditional lighting ballast, which accounted for around 89%. During the forecast period, however, LED lighting ballasts are expected to contribute approximately 41% to the global lighting ballast market and completely overtake the traditional lighting ballast market by 2023. As LEDs have the ability to be easily controlled and programmed, they are the first choice for smart lighting applications. This will increase the demand for programmable LED drivers during the forecast period.”
The cost decline is a result of the sales price coming down, but also the cost of the components used in LED device manufacturing. Costs are always an important factor, but embedded intelligence is also a main driver, with the ability for lighting systems to adapt to evolving needs seen as a major plus. The ballasts are being used for automatic shut-off, daylight harvesting, demand response, and personal dimming control. “As LEDs are integrated with sensors and controls, the demand for LED ballast is increasing at a rapid pace especially in outdoor and industrial application,” said Rajendra.
Multiple countries are jumping on the incandescent bulb banning bandwagon, which is further adding to the growth surge.
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