Press release
High Intensity Discharge Bulbs (HID) Market by 2024 Outlook With Key Players Analysis - Acuity Brands, Crompton Greaves Consumer Electricals Limited, Philips, GE, OSRAM, Bulbrite Industries and Contrac Lighting
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BMW and Audi are the early adopters of D3 and D4 type of high intensity discharge bulb. However, the lumen output of HID bulbs can depreciate by up to 70% over 10,000 operating hours. The overall market of HID bulb is expected to decline significantly during the forecast period, owing to the availability of cost effective and durable substitutes, such as high intensity LED bulb. The small product life, along with the presence of harmful radiation is the major restraint for the growth of the market.
The D3 and D4 type bulbs are recent additions to the high intensity discharge bulb. These two variant are designed to work with compact ballasts. Automotive sector is the major application segment of this type of bulbs. . The mercury content in D3 and D4 type of HID bulbs is less, as compared to other two variants; and hence they offer better ecofriendly credentials. Moreover, they also run at a lower voltage.
In terms of geography, Asia-Pacific is expected to be the major HID bulb market during the forecast period. The market leadership of Asia-Pacific is mainly anticipated from the use of high intensity discharge bulb in automotive and architectural sector of China, India and Japan. Europe accounted for the second largest HID bulb market during the forecast period. Country wise, China, India, Japan, Brazil, Germany, the U.S., the U.K., and Canada accounted for the major global HID bulb markets.
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Some of the competitors in the High Intensity discharge bulbs market are Acuity Brands Lighting Inc., Crompton Greaves Ltd., Philips, General electric, Osram, Bulbrite Industries Inc., and Contrac Lighting.
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