The global HID ballast market is forecasted to undergo a notable contraction, reflecting a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027, according to analysis by Future Market Insights, Inc. This substantial reduction is anticipated to result in a decline from the market’s current valuation of USD 6.8 billion in 2022 to a diminished …
Tag Archives: HID Ballast Market
Future Market Insights Forecasts Contraction in Global HID Ballast Market, Reaching US$ 3.6 Billion by 2027 at -9.8% CAGR
The global HID ballast market is forecasted to undergo a notable contraction, reflecting a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027, according to analysis by Future Market Insights, Inc. This substantial reduction is anticipated to result in a decline from the market’s current valuation of US$ 6.8 billion in 2022 to a diminished …
Global HID Ballast Market Anticipates Contraction to US$ 3.6 Billion by 2027, Reflecting a -9.8% CAGR, Reports Future Market Insights, Inc.
The forecast for High-Intensity Discharge (HID) ballasts casts a shadow over the global lighting industry, with sales expected to decline at a notable Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027. This substantial decrease is foreseen to lead the market from its current valuation of US$ 6.8 billion in 2022 to a diminished value …
Global HID Ballast Market Forecasted to Contract to US$ 3.6 Billion by 2027, Reflecting a -9.8% CAGR, According to Future Market Insights, Inc.
The outlook for High-Intensity Discharge (HID) ballasts casts a shadow over the global lighting industry, with sales expected to decline at a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027. This substantial decrease is foreseen to lead the market from its current valuation of US$ 6.8 billion in 2022 to a diminished value of …
Challenges Ahead: Global HID Ballast Market Expected to Contract at -9.8% CAGR, Targeting US$ 3.6 Billion by 2027
The future of High-Intensity Discharge (HID) ballasts paints a dim picture for the global lighting industry, as sales are projected to decline at a Compound Annual Growth Rate (CAGR) of -9.8% from 2022 to 2027. This significant drop is anticipated to lead the market from its current valuation of US$ 6.8 billion in 2022 to a reduced …