Energy efficiency lamps and ballasts, as both technologies go hand-in-hand, is an important global market that is gaining good momentum in the current times. The energy efficient lamps and ballasts market delivers goods and services that possess the ability to reduce the overall energy required for fueling economies.
Global investments in the energy efficient lamps and ballasts market has already resulted in significant reductions in the global demand for energy. Market analysts estimate that during the years 2005 and 2010, the energy that has been saved due to the use of energy efficient lighting products is at least 5% less than that utilized with the use of conventional lighting systems on a global front.
The energy efficient lamps and ballasts market is continuously delivering outcomes that produce multiple benefits by reducing or limiting the demand for energy. This includes a reduction of both international as well as domestic pressure on energy production and supply systems, thereby giving rise to added resilience of the system. This can also result in positive economic results, such as making redirection of finances spent on energy production and supply to other economic sectors and a reduction in public expenditures.
Energy-efficient market of the future:
The market for energy efficient lamps and ballasts is on the verge of a major transition. The constantly dropping prices and the improving quality and life of LED lighting devices have led to the widespread adoption of this technology. The momentum of this transition seems to be faster than the previous transition to energy-efficient segment as a whole, as the LED technology appears to have potential of surpassing all other parallel technologies in metrics of quality as well as efficiency.
However, the revenues from this segment of the energy efficient lamps and ballasts market will not be sufficient to keep the businesses of key market players afloat. LEDs are characterized with a much longer lifespan. This is no doubt a positive trait – but for the end-user and not businesses. This may result in an overall decrease in the revenues from this segment of the energy efficient lamps and ballasts market.
To avoid this certain decline, global businesses are widening their verticals to cover allied market segments of lighting services and controls.
A general overview of the energy efficient lamps and ballasts market
The sector of electric lighting sources is a major consumer of electric energy. Enormous amount of energy can be saved when energy efficient variants of commonly used lighting options are used instead of the conventional lighting varieties.
Advancements in technology have allowed lighting users with some major energy-efficient, long-lasting and cost-effective options for replacing the conventional lighting varieties. These varieties are commonly called energy-efficient lamps and come in many different kinds. The commonly known examples include Light Emitting Diode (LED) lights, florescent tubes and bulbs, Compact Fluorescent Lights (CFL), High Pressure Sodium Vapor (HPSV) lamps, T8 lights, T5 lights, to name a few.
Energy efficient lightings use less electricity, reduce heat gain and air conditioning energy, and thus, improve thermal comfort of any place. By reducing the amount of electricity consumed, the costs associated with lighting also get reduced.
Experts say that the use of energy efficient lamps can reduce energy consumption of the total facility by up to 20 to 25% and lighting costs by as much as 35-50%. Many commercial lamps also have a life of typically 10-13 years of use.
Most lamps, the conventional ones or the newer, energy- efficient ones, require an additional piece of equipment to help them run, commonly called as ballast. Ballasts are circuits that regulate the current to the lamps along with providing sufficient voltage for starting the lamp. Without ballasts limiting the current, a lamp connected straight to a high voltage power source would uncontrollably and quickly increase its current draw and immediately burn due to overheating. In the coming years, the energy efficient lamps and ballasts market is poised for healthy growth and new opportunities.