Global HID Ballast Market Set for Contraction, Expected to Reach US$ 3.6 Billion by 2027 with -9.8% CAGR, Notes Future Market Insights, Inc.
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…