Global Digital Ballast Market to grow at a CAGR of 11.7% during the period 2016 - 2020; Finds New Report

Report forecast the global digital ballast market to grow at a CAGR of 11.7% during the period 2016-2020.

Conventional farming methods are influenced by several factors, including weather, sunlight, temperature, and rainfall. Hence, it is difficult to guarantee a stable food supply through conventional farming. The yield in this model can be affected by natural disasters or the increasing shortage of cultivable land. Under these circumstances, vegetable factories that grow vegetables indoors without soil are becoming a global necessity. Vegetable factories control light, temperature, humidity, and nutrients with the help of computers and, occasionally, robots.

A bulb, a ballast, and a reflector constitute the light system necessary for an indoor gardening system. The ballast converts the energy required to power the lamp, carrying out the functions of an engine. Digital ballasts are used in high-intensity discharge (HID) lighting lamps such as high-pressure sodium (HPS) and metal halide (MH) systems.

The report covers the present scenario and the growth prospects of the global digital ballast market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of digital ballasts.

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

According to the report, increasing in urbanization will drive the demand for new residential and commercial buildings. This will lead to increased use of green cover in urban areas. Coupled with the demand for food, urbanization will boost the demand for the establishment of greenhouses, indoor gardens, and vegetable factories.

Further, the report states that one of the major challenges faced by vegetable factories is the need for continuous support and maintenance from investors.

Global Digital Ballast Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Digital Ballast Market: Soils Tek, Apollo Horticulture, Galaxy and Quantum.

Other Prominent Vendors in the market are: Gavita, Nanolux, Phantom Digital, and TECHONE.

Market driver

• Growing population and urbanization
• For a full, detailed list, view our report

Market challenge

• Need for continuous support and maintenance
• For a full, detailed list, view our report

Market trend

• Increase in R&D
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 39 pages and 17 Exhibit “Global Digital Ballast Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global agriculture: Overview, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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