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. This is largely due to the effect of an agreement among most of the Latin American countries to gradually phase out incandescent lamps. The Latin America market for energy efficient lamps is estimated to grow to USD 3,510.1 million by 2018, growing at a CAGR of 23.0% from 2012-2018. However, due to long life span of energy efficient lighting products such as CFLs (compact fluorescent lamps), and LED (light emitting diode) lamps, the market may face growth retardation towards the end of the decade. The demand then would be primarily driven by new installments and replacement demand for worn out or obsolete products.
The report analyzes the Latin American market in terms of different product types currently available in the market. These include: Fluorescent lamps, CFLs, LED lamps, and HID (high intensity discharge) lamps. Of all the product types, LED lamps and CFLs are expected to hold the highest market share by 2018. In 2012, fluorescent lamps dominated the market due to their low prices, closely followed by CFLs. The dropping prices of CFLs and demand for energy efficient products is expected to drive the market growth in the near future. By 2018, LED lamps are expected to account for the largest market share, primarily due to comparatively higher price and extensive use for residential and commercial lighting. Use of energy efficient lighting solutions in the commercial and industrial sector may see an initial fast adoption of CFLs as prices for LED lamps are higher. However, with estimated drop in prices, the market for LED lamps and energy efficient outdoor lighting solutions is expected to pickup.
A similar trend is observed across the entire product segment of the ballasts market too. The different types of ballasts considered in the market estimate and analysis are: magnetic fluorescent ballasts, electronic fluorescent ballasts, CFL ballasts, LED driver modules, magnetic HID ballasts, and electronic HID ballasts. Magnetic ballasts are seeing a sharp drop in growth due to their energy inefficiency and development of technologically advanced lighting solutions, such as LED driver modules.
The various geographic regions analyzed in the report are: South America, the Caribbean, Brazil, Mexico, Argentina, and Central America. Among all, Argentina and Brazil are in advanced stage of transformation to energy efficient lighting solutions, as prescribed by the United Nations Environment Program (UNEP). Brazil, Mexico, and Argentina are the fastest growing regions for energy efficient lamps and ballasts market. The Olympics in 2016 and the FIFA World Cup in 2014 are key drivers for market growth in Brazil. The Caribbean and Central America are however expected to witness steady growth towards the latter half of the forecast period, largely driven by assistance from neighboring countries for transformation to energy efficient lamps and ballast. Venezuela, which received assistance from Cuba, is now in collaboration with Cuba, providing assistance to Bolivia for phasing out of GLS lamps.
Driven by increased demand for CFLs, LED lamps and other energy efficient lighting products, key industry leaders are focusing on the region and the market is already beginning to experience moderate to high competition, across different market segments. The prominent industry players operating in the region are: GE electronics, Philips Lighting, OSRAM, Cooper Lighting, Havells, Acuity Brands, and many more. Even products from Chinese manufacturers are being imported into the region due to their low price.
Concerns of Global Warming Expands Canvas for Energy Efficient Lamps and Ballasts Market
Manufacturers of modern lighting fixtures increasingly lean on energy saving as a huge proposition for various commercial and residential users. Some of the contemporary and emerging technologies in the Latin America energy-efficient lamps and ballasts market are compact fluorescent lamps (CFLs) and light emitting diodes (LED) lamps. While both of these are in current use, for more than five years now, efforts are ongoing to phase out the use of CFLs in residential applications, spurred by rise in number of replacements around the world. LED lighting fixtures are fast garnering attention due to their remarkable energy savings and the incredible cost savings these technologies harbour. Growing demand for energy-efficient lighting fixtures has partly led to surge in replacements of the conventional ballasts with electronic ones. Electronic ballasts are being replaced in the fluorescent lighting system to mainly ensure that the system meets rated lamp life, before it is completely phased out in favour of LEDs over the next few years. A growing number of homeowners and managers of commercial facilities in Latin American countries have been attracted by the high brightness and efficiency values and believe that these gains will offset the initial high costs. Stridently, over the past few years, the prices of products in the Latin America energy efficient lamps and ballasts market have declined.
In 2020, economic activities around the world had been dramatically halted by the COVID-19 pandemic. This was not just a health pandemic but had triggered large-scale slump in industrial production in the first half. The repercussions have been vast, and industries, including electrical and electronic manufacturers have still to completely come out the impacts. This also hit hard the sales of products in the energy efficient lamps and ballasts market. However, the aspect of global warming is still one of the priorities among policy makers, industries, and consumers. In recent months, the need for adopting energy-efficient lighting fixtures has become more intense. Resultantly, such focus will bolster the demand in the Latin America energy efficient lamps and ballasts market.
1. Preface
1.1. Research scope and description
1.2. Research methodology
2. Executive Summary
3. Latin America Energy Efficient Lamps and Ballasts Market
3.1. Market overview
3.2. Market dynamics
3.2.1. Business trends
3.2.2. Regulatory trends
3.2.3. Technology trends
3.3. Channels to market
3.4. Porter’s five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of substitutes
3.4.4. Threat of new entrants
3.4.5. Competitive rivalry
3.5. Latin America energy efficient lamps market
3.5.1. Latin America energy efficient lamps market growth trend, by region
3.5.2. Latin America energy efficient lamps market size and forecast
3.5.3. Latin America energy efficient lamps market attractive analysis, by product type, 2018
3.6. Latin America ballasts market
3.6.1. Latin America ballasts market growth trend, by geography, 2010-2018 (%)
3.6.2. Latin America ballasts market estimate and forecast, 2011-2018 (USD Million)
3.6.3. Latin America ballasts market attractiveness analysis, by product type
3.7. Key growth factors
3.8. Retail distribution analysis
3.8.1. Supermarket/Hypermarket
3.8.2. Small stores
3.8.3. Specialty stores
3.8.4. Discount stores
3.8.5. Non store retailing
3.8.6. Others
4. Latin America Energy Efficient Lamps Market, By Product Type
4.1. Energy efficient lamps market growth trend, 2010-2018 (USD Million)
4.2. Latin America energy efficient lamps pricing trends, 2010-2018 (USD/Unit)
4.3. Average Selling Price per lamp, 2010-2018 (USD/Unit)
4.4. Fluorescent lamps
4.4.1. Drivers
4.4.1.1. Cost competitive replacement to incandescent bulbs
4.4.1.2. Energy efficient and long operational life
4.4.2. Inhibitors & opportunities
4.4.2.1. Contains trace amounts of Mercury
4.4.2.2. Achieving full brightness can take up to 3 minutes
4.4.3. Fluorescent lamps market estimate and forecast, 2011-2018 (USD Million)
4.5. CFLs (Compact Fluorescent Lamps)
4.5.1. Drivers
4.5.1.1. High light output at low power consumption
4.5.1.2. Long operational life and low maintenance cost
4.5.1.3. Payback period and high efficacy (in comparison to incandescent)
4.5.1.4. Various acceptable size & form
4.5.2. Inhibitors & opportunities
4.5.2.1. Cost barrier
4.5.2.2. Mercury content in CFLs
4.5.3. CFLs market estimate and forecast, 2011-2018 (USD Million)
4.6. LED (Light Emitting Diode) lamps
4.6.1. Drivers
4.6.1.1. Longer lifetime and high energy efficiency
4.6.1.2. Lighting solution for remote areas
4.6.1.3. Vibration and thermal shocks resistant solution for better productivity
4.6.1.4. Offer scope for various lighting applications
4.6.1.5. Harmless and green lighting solution
4.6.2. Inhibitors & opportunities
4.6.2.1. High cost involved
4.6.2.2. Lacks attribute for heat sensitivity applications
4.6.2.3. Unidirectional light output
4.6.2.4. Reluctance to switch to LED Lighting
4.6.3. LED lamps market estimate and forecast, 2011-2018 (USD Million)
4.7. High intensity discharge (HID) lamps
4.7.1. Drivers, inhibitors and opportunities
4.7.2. HID lamps market estimate and forecast, 2011-2018 (USD Million)
4.8. Induction lamps
4.8.1. Technology comparison
4.8.2. Lighting applications
5. Latin America Ballasts Market, By Product Type
5.1. Market overview
5.2. Electronic fluorescent ballasts
5.2.1. Market overview
5.2.2. Electronic fluorescent ballasts market estimate and forecast, 2011-2018 (USD Million)
5.3. Magnetic fluorescent ballasts
5.3.1. Market overview
5.3.2. Magnetic fluorescent ballasts market estimate and forecast, 2011-2018 (USD Million)
5.4. CFL ballasts
5.4.1. Market overview
5.4.2. CFL ballasts market estimate and forecast, 2011-2018 (USD Million)
5.5. LED driver modules
5.5.1. Market overview
5.5.2. LED driver modules market estimate and forecast, 2011-2018 (USD Million)
5.6. Electronic HID ballasts
5.6.1. Market overview
5.6.2. Electronic HID ballasts market estimate and forecast, 2011-2018 (USD Million)
5.7. Magnetic HID Ballasts
5.7.1. Market overview
5.7.2. Magnetic HID ballasts market analysis and forecast, 2011-2018 (USD Million)
6. Latin America Energy Efficient Lamps Market, By Geography
6.1. Market overview
6.1.1. Latin America energy efficient lamps market attractive analysis, by geography, 2018
6.2. Latin America energy efficient lamps market , by geography
6.2.1. South America market overview
6.2.1.1. South America energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
6.2.2. Central America market overview
6.2.2.1. Central America energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
6.2.3. Caribbean Islands market overview
6.2.3.1. Caribbean Islands energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
6.2.4. Brazil market overview
6.2.4.1. Brazil energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
6.2.5. Mexico market overview
6.2.5.1. Mexico energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
6.2.6. Argentina market overview
6.2.6.1. Argentina energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
7. Latin America Ballasts Market, By Geography
7.1. Market overview
7.1.1. Latin America ballasts market attractive analysis, by geography, 2018
7.2. South America ballasts market overview
7.2.1. South America ballasts market estimate and forecast, 2010-2018 (USD Million)
7.3. Central America ballasts market overview
7.3.1. Central America ballasts market estimate and forecast, 2010-2018 (USD Million)
7.4. Caribbean Islands ballasts market overview
7.4.1. Caribbean Islands ballasts market estimate and forecast, 2010-2018 (USD Million)
7.5. Mexico ballast market overview
7.5.1. Mexico ballasts market estimate and forecast, 2010-2018 (USD Million)
7.6. Brazil ballast market overview
7.6.1. Brazil ballasts market estimate and forecast, 2010-2018 (USD Million)
7.7. Argentina ballast market overview
7.7.1. Argentina ballasts market estimate and forecast, 2010-2018 (USD Million)
8. Latin America Energy Efficient Lamps and Ballasts Market, By End Use
8.1. Market trend by end use
8.2. Latin America energy efficient lamps and ballasts market share, by end use, 2012 and 2018 (%)
8.3. Latin America residential lighting market size and forecast
8.4. Latin America commercial lighting market size and forecast
8.5. Latin America outdoor lighting market estimate and forecast, 2010-2018 (USD Million)
8.6. Latin America industrial lighting market estimate and forecast, 2010-2018 (USD Million)
9. Competitive Landscape
9.1. Competitive positioning of major lighting manufacturers in Latin America
9.2. Company profiles
9.2.1. Philips Lighting
9.2.1.1. Company overview
9.2.1.2. Financial overview
9.2.1.3. Business strategy
9.2.1.4. Recent developments
9.2.2. OSRAM
9.2.2.1. Company overview
9.2.2.2. Financial overview
9.2.2.3. Business strategy
9.2.2.4. Recent developments
9.2.3. GE Lighting
9.2.3.1. Company overview
9.2.3.2. Financial overview
9.2.3.3. Business strategy
9.2.3.4. Recent developments
9.2.4. Acuity Brands
9.2.4.1. Company overview
9.2.4.2. Financial overview
9.2.4.3. Business strategy
9.2.4.4. Recent developments
9.2.5. Cooper Lighting
9.2.5.1. Company overview
9.2.5.2. Financial overview
9.2.5.3. Business strategy
9.2.5.4. Recent developments
9.2.6. Havells
9.2.6.1. Company overview
9.2.6.2. Financial overview
9.2.6.3. Business strategy
9.2.6.4. Recent developments
9.2.7. Panasonic Lighting
9.2.7.1. Company overview
9.2.7.2. Financial overview
9.2.7.3. Business strategy
9.2.7.4. Recent developments
List of Tables
TABLE 1: Latin America energy efficient lamps industry snapshot
TABLE 2: Latin America ballasts industry snapshot
TABLE 3: Average Selling Price per lamp, 2010-2018 (USD/Unit)
List of Figures
FIG. 1: Latin America energy efficient lamps market, 2012 and 2018 (%)
FIG. 2: Latin America energy efficient lamps market growth, by lamp type 2010-2018 (USD Million)
FIG. 3: Channels to market for lighting products
FIG. 4: Porter’s Five Forces Analysis
FIG. 5: Latin America energy efficient lamps market growth, by region, 2010-2018
FIG. 6: Latin America energy efficient lamps market estimate and forecast, 2011-2018 (USD Million)
FIG. 7: Latin America energy efficient lamps market attractive analysis, by product type, 2018
FIG. 8: Latin America ballasts market growth trend, by geography, 2010-2018 (%)
FIG. 9: Latin America ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 10: Latin America ballasts market attractive analysis, by product type, 2018
FIG. 11: Retail distribution analysis - market share of different channels, 2012 (%)
FIG. 12: Latin America energy efficient lamps market growth trend, 2010-2018 (USD Million)
FIG. 13: Latin America energy efficient lamps pricing trends, 2010-2018 (USD/Unit)
FIG. 14: Fluorescent lamps market estimate and forecast, 2011-2018 (USD Million)
FIG. 15: CFLs market estimate and forecast, 2011-2018 (USD Million)
FIG. 16: LED lamps market estimate and forecast, 2011-2018 (USD Million)
FIG. 17: HID lamps market estimate and forecast, 2011-2018 (USD Million)
FIG. 18: Electronic fluorescent ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 19: Magnetic fluorescent ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 20: CFL ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 21: LED driver modules market estimate and forecast, 2011-2018 (USD Million)
FIG. 22: Electronic HID ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 23: Magnetic HID ballasts market estimate and forecast, 2011-2018 (USD Million)
FIG. 24: Latin America energy efficient lamps market growth trend, by geography 2010-2018 (%)
FIG. 25: Latin America energy efficient lamps market attractive analysis, by geography, 2018
FIG. 26: South America energy-efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 27: Central America energy-efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 28: Caribbean Islands energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 29: Brazil energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 30: Mexico energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 31: Argentina energy efficient lamps market estimate and forecast, 2010-2018 (USD Million)
FIG. 32: Latin America ballasts market, by geography, 2012 and 2018 (%)
FIG. 33: Latin America ballasts market attractive analysis, by geography, 2018
FIG. 34: South America ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 35: Central America ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 36: Caribbean Islands ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 37: Mexico ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 38: Brazil ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 39: Argentina ballasts market estimate and forecast, 2010-2018 (USD Million)
FIG. 40: Latin America energy efficient lamps and ballasts market trend, by end use, 2010-2018 (%)
FIG. 41: Latin America energy efficient lamps and ballasts market share, by end use, 2012 and 2018 (%)
FIG. 42: Latin America residential lighting market estimate and forecast, 2010-2018 (USD Million)
FIG. 43: Latin America commercial lighting market estimate and forecast, 2010-2018 (USD Million)
FIG. 44: Latin America outdoor lighting market estimate and forecast, 2010-2018 (USD Million)
FIG. 45: Latin America industrial lighting market estimate and forecast, 2010-2018 (USD Million)
FIG. 46: Competitive positioning of major lighting manufacturers in Latin America
FIG. 47: Philips Electronics and Philips Lighting net sales, 2010 & 2011 (USD Million)
FIG. 48: GE net revenue, 2010 & 2011 (USD Million)
FIG. 49: Acuity Brands net sales, 2011 & 2012 (USD Million)
FIG. 50: Cooper Lighting net sales, 2011 & 2010 (USD Billion)
FIG. 51: Havells net sales, 2011 & 2012 (USD Million)
FIG. 52: Panasonic net sales, 2011 & 2012 (USD Billion)
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Energy Efficient Lamps and Ballasts Market
