The market for energy efficient lamps and ballasts in Latin America is expected to grow at a healthy rate during the forecast period, with varying demand trend during the first and second half of the period 2012 – 2018.
Albany, NY -- (SBWIRE) -- 08/29/2016 -- The research report on "Energy Efficient Lamps and Ballasts market – Latin America Industry Analysis, Market Size, Share, Growth, Trends and Forecast, 2012 – 2018" provides detailed analysis of the Latin America energy efficient lamps and ballasts market and market growth. The research scope is limited to analysis of the market, by segmentation on the basis of lamps and ballasts types. A further cross sectional analysis of the market, by segmentation on the basis of geography, provided in the report, will help stakeholders in strategic decision making. The key regions considered are: South America, Central America, Caribbean, Argentina, Mexico, and Brazil.
The field of lighting has witnessed remarkable technological improvements in the past few years, especially in the area of (CFLs) compact fluorescent lamps and solid state lighting. Energy efficient lighting technologies are gaining popularity worldwide, especially in developing economies, because of their higher energy efficiency, cost saving potential, and environment friendly attributes. These features of energy efficient lamps help in reducing fossil fuels consumption (coal and oil are used for power generation), reduce carbon (CO2 – Carbon-Di-Oxide) emission, save energy, and consequently reduce the global warming. Driven by multiplying effects of growing economy and soaring fuel prices, the Latin American region is pushed towards use of energy efficient lighting solutions.
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The different energy efficient lamps types, considered within the scope of the report are: Fluorescent lamps, Compact Fluorescent Lamps (CFLs), LED (light emitting diode) lamps, and HID (high intensity discharge) lamps. The Latin America energy efficient lamps market is primarily driven by fluorescent lamps and CFLs, and would see a gradual transformation, with LED lamps taking the market lead and account for the highest market share. South America will be the key market region, with high scope of growth in Brazil and Andes regions. Likewise, the different types of ballasts, currently available in the Latin America market, and included within the report purview, include: magnetic fluorescent ballasts, electronic fluorescent ballasts, CFL ballasts, LED driver modules, magnetic HID ballasts, and electronic HID ballasts. Ballasts, which are an important part of lighting installations/systems, determine and contribute to energy efficiency of the lamp. They not only help in regulating the current flow through the lamp, but also in enhancing the lifespan of the fixture/lamp. The ballasts are broadly of two types: Magnetic and Electronic ballasts. But, with development of new lighting solutions, and demand for more energy efficient products, the ballasts are being replaced by advanced products. The market currently has following types of ballasts still available in the market: magnetic fluorescent ballasts, electronic fluorescent ballasts, CFL ballasts, LED driver modules, magnetic HID ballasts, and electronic HID ballasts. Of all the ballasts type, magnetic ballasts throughout the region are seeing a fast decline in the market share and the growth, due to lower energy efficiency and availability of improved ballasts (electronic) products in the market. The different market segments based on the types of energy efficient lamps and ballasts are analyzed again for each of the geographic segments mentioned above. Thus, the report provides a holistic and in depth analysis of the Latin America energy efficient lamps and ballasts market.
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Apart from the market size and share estimates for the above discussed market segments, the strategic analysis of the current market scenario, in terms of price trends, market drivers, restraints, opportunities, regulatory constraints, and technological and business trends, will help stakeholders in making tactful and informed decisions. The Porter's five forces analysis and competitive profiling of the industry leaders will further help in mitigating competitive challenges and bolster the business strategies for different levels of the supply chain. The competitive profile of industry leaders includes information pertaining to their business strategies, recent developments, and financial overview along with the synopsis of their business portfolio.
Major players have been profiled with focus on competitive details such as company and financial overview, business strategies, and their recent developments. Some of the market participants profiled in this report include Philips Lighting, OSRAM, GE Lighting, Acuity Brands, Cooper Lighting, Havells, and Panasonic Lighting.
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The report analyzes the Latin America energy efficient lamps and ballasts market in terms of revenue (USD million) for each segment for the period 2012 to 2018, along with the CAGR for the forecast period: 2012 to 2018.
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