In 2012-13 just 19 per cent of the Austrian firm’s sales are based on solid-state technology, a figure which has risen rapidly to around 30 per cent. ‘Tridonic is going through a great change as the market is going from conventional to LED technology,‘ said Felder. ‘Tridonic started this change late - not too late, but late, and in the last 18 months we have been trying very, very hard to catch up with the LED technology.'
The company has seen a sharp decline in sales of conventional products such as T5 and HID ballasts, and LED developments have failed to plug the gap. However, Felder‘s restructuring in 2013, which included the appointment of new head of R&D, the ex-Philips LED engineer Sietze Jongmann, appears to have borne fruit: The proportion of revenues accounted for by LED-based products rose from 13 to 19 per cent in 2012/13.
After a sharp drop of 6.7 per cent in revenue during 2011/12, sales fell again by 7.4 per cent to US$511 million (€378 million in 2012/13).
However, Tridonic hold its share of the European electronic ballast market at 25 per cent in 2012/13, but the market is contracting rapidly. The company quit the magnetic ballasts and transformers business in December.