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HID Ballast Market- Size, Growth And Challenges With Top Companies Philips Lighting Holding, General Electric, Fulham
HID Ballast
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The Major Companies in The Market Are: Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc., Villa Industrias, S.A. de C.V., Eaton Corporation, Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, and OSRAM Licht AG.
Global HID Ballast Market: Taxonomy
On the basis of product type:
-Electromagnetic Ballast
-Electronic Ballast
On the basis of application:
-Automotive
-Residential
-Commercial
-Industrial
-Outdoors
On the basis of sales channel:
-Offline
-Online
On the basis of region:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa
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Regional Insights:
On the basis of geography, the global HID ballast market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounted for the largest share of the HID ballast market in 2017 and it is expected to witness further growth during the forecast period. This is owing to increase in investments made by governments of countries in the region to replace conventional lighting systems with energy efficient lighting systems According to a report released by the US Energy Information Administration in July 2018, the government extended a 30% tax credit for infrastructure developers who used energy efficient electrical systems in their constructions.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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