Global Digital Ballast Market 2016-2020 - Increasing Urbanization will Drive the Demand for New Residential & Commercial Buildings

DUBLIN, March 4, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/wpcxlx/global_digital) has announced the addition of the "Global Digital Ballast Market 2016-2020" report to their offering.

The global digital ballast market is expected to grow at a CAGR of 11.7% during the period 2016-2020.

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.

According to the report, increasing 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.

Key vendors:

• Soils Tek
• Apollo Horticulture
• Galaxy
• Quantum

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?

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Global agriculture: Overview

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/wpcxlx/global_digital

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