Lamp Market Share

Lamp Market Share

• GE
• Philips
• Osram

are some of the major competitors in the lamp market. Technological advancements in bulbs such as high-efficiency ballasts are being widely adopted across the industry. Manufacturers are implementing aggressive strategies to gain a competitive edge. Mergers, collaborations, and partnerships are a few strategies adopted by the industry players. Some companies acquire local and regional players to increase their lamp market share. For instance, in 2015, GE acquired Alstom Thermal Company which is involved in power generation and transmission.

High-efficiency ballasts are produced for increased efficiency of the bulbs. Manufacturers are focusing on the maximization of energy savings and making ballasts more energy efficient. High-efficiency ballasts have obtained standards in a variety of wattages with technological advancements.