Global Digital Ballast Market 2016-2020

  • Published: Feb 2016
  • Pages: 39
  • SKU: IRTNTR8635
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

This market research report includes a detailed segmentation of the global digital ballast market by geography and includes regions like APAC, Europe, North America, and ROW. The key vendors analyzed in this report are Soils Tek, Apollo Horticulture, Galaxy, and Quantum.

Outlook of the global digital ballast market

Technavio’s market research analyst predicts the global digital ballast market to grow steadily at a CAGR of approximately 12% during the forecast period. The prospects for growth in this market will be driven by the advent of digital ballasts with adjustable voltages and light dimming capabilities. The light output of these ballasts can be adjusted to 50%, 75%, or 100% depending on the growth stage of the plants. The low-light output can be used during the initial stages of plant growth, and the output can be increased as the plants grow. The ability of these devices to save energy, especially when compared to electrical ballasts, will result in its augmented adoption during the forecast period.

An important factor that impels the prospects for growth in this market is the rising demand for digital ballasts from plant factories. Plant factory, or vertical farming, involves a closed environment in which plants are grown under lights in stacked shelves. In the plant factories, grow lights are used to initiate the process of photosynthesis. Thus, with the increasing demand for food, more regions are expected to set up plant factories. This increase in the establishment of plant factories will result in the high demand for digital ballasts during the forecast period.

Geographical segmentation of the digital ballast market

  • APAC
  • Europe
  • North America
  • ROW

In 2015, North America dominated the global digital ballast market and accounted for a market share of approximately 33%. In the US, it has been observed that the concept of indoor agriculture is quickly gaining traction. Indoor farming uses digital ballasts and other technologies to improve the control over the variables involved in farming. This increase in the popularity of indoor farming will lead to a rise in the demand for grow lights, such as HID and fluorescent lamps, which in turn will propel the demand for digital ballasts during the forecast period.

Competitive landscape and key vendors

The global digital ballast market is competitive and consists of well-diversified global and regional vendors. However, as global players are increasing their footprint in the market, regional vendors are finding it increasingly difficult to compete with them in terms of quality, technology, and pricing.

Leading vendors in the market are -

  • Soils Tek
  • Apollo Horticulture
  • Galaxy
  • Quantum

Other prominent vendors in the market include Gavita, Nanolux, Phantom Digital, and TECHONE.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global digital ballast market?
  • What are the key market trends impacting the growth of the digital ballast market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global digital ballast market?
  • What are the trending factors influencing the market shares of APAC, Europe, North America and ROW?
  • What are the key outcomes of the five forces analysis of the digital ballast market?

Technavio also offers customization on reports based on specific client requirement.

Read More Read Less

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Global agriculture: Overview

  • Agricultural production
  • Global agricultural land

PART 07: Geographical segmentation

  • Global digital ballast market by region
  • Digital ballast market in North America
  • Digital ballast market in Europe
  • Digital ballast market in APAC
  • Digital ballast market in ROW

PART 08: Market drivers

  • Increased demand for food grain
  • Growing population and urbanization
  • Increased demand from plant factories

PART 09: Impact of drivers

PART 10: Market challenges

  • Availability of alternatives
  • Increased competition
  • Need for continuous support and maintenance

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Increase in R&D
  • New features
  • RF blocking

PART 13: Vendor landscape

  • Competitive scenario
  • Market vendor analysis
  • Apollo Horticulture
  • Galaxy
  • Hydrofarm
  • Solis Tek
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>