With incandescent bulbs dying a slow death, the Indian electronic control gear industry is set for a surge as all other alternate lighting sources like CFLs, HIDs, etc use either integrated or external ballasts.
Currently the overall control gear market in India is estimated to be ~INR 12bn (excluding integrated ballasts) and is expected to grow at a CAGR of ~16% from 2011 to 2015. Historically magnetic ballasts have been the most popular category of electronic control gear in India and currently account for more than 60% of the overall control gear market. On the other hand, electronic ballast market currently accounts for less than 40% of the market but is expected to account for more than 65% of the market by 2015 (CAGR of more than 20%) with advancement in technology and government support for replacement of all magnetic ballast.
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