Rapid LED lighting product penetration and increasing awareness regarding the various benefits of LED lighting products are some of the key factors driving global LED lighting driver market revenue growth. Increased LED adoption for usage in residential buildings, commercial shops, industrial uses, and traffic lights, among other applications, is expected to boost demand for LED lighting products. Increasing use of miniaturized LED drivers and increasing building and reconstruction activities in residential and non-residential sectors globally are expected to fuel market growth over the forecast period. In addition, rising development of programmable LED drivers is expected to augment market growth going ahead.
However, high set up cost of LED lighting drivers and lack of standardization are factors expected to hamper growth of the global LED lighting driver market to some extent over the forecast period.
Market Size – USD 7.62 Billion in 2020, Market Growth – at a CAGR of 15.2%, Market Trends – Increasing developments in programmable LED drivers
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Scope of The Report
The Light Emitting Diode Lighting Driver market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
Global Light Emitting Diode Lighting Driver market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Some major companies included in the global market report are Delta Electronics, Inc., Signify Holding B.V., TCI Telecomunicazioni Italia S.R.L., Lifud Technology Co., Ltd., ERP Power LLC, Mean Well Enterprises Co., Ltd., Tridonic GmbH Co KG, Inventronics Inc., SELF Electronics Co., Ltd., and Eaglerise Electric Electronic Ltd.
Emergen Research has segmented the global LED lighting driver market on the basis of integrated circuit, dimming method, type, end use, and region:
Integrated Circuit Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
- DC/DC ICs
- RGB ICs
- Linear Regulator ICs
- Others
Dimming Method Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
- Dimmable
- DALI
- Traic
- 1-10V
- Trailing-edge
- Non-dimmable (Standard)
Type Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
- Conventional
- Smart
End Use Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
- Indoor Lighting
- Industrial Lighting
- Commercial Lighting
- Residential Lighting
- Entertainment Lighting
- Office Lighting
- Indoor Sports Facilities Lighting
- Outdoor Lighting
- Street Lights
- Tunnel Lighting
- Highway Lighting
- City Lighting
- Outdoor Sports Facilities Lighting
- Automotive Lighting
- Others
Regional Analysis of the Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Some Key Highlights from the Report
- DC/DC ICs segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. DC/DC control systems and converters offer excellent reliability, fast frequency performance, low resistance, and high EMI performance, which are expected to drive growth of this segment.
- Dimmable segment is expected to lead in terms of revenue over the forecast period owing to increased demand for dimmable LED lighting drivers. Dimmable LED lighting drivers save energy as power outputs require lesser energy usage.
- Smart segment is expected to lead in terms of revenue over the forecast period owing to rising demand for smart LED lighting drivers. With the installation of gateways, smart LED lighting drivers are compatible with Bluetooth and Wi-Fi, which is expected to boost revenue growth of this segment.
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The Light Emitting Diode Lighting Driver Market report also includes an investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global Light Emitting Diode Lighting Driver market segments. It offers an extensive investigation of the import-export status and the rates of production and consumption. The Light Emitting Diode Lighting Driver Market report also provides some of the essential market aspects to draw a forecast for the coming years based on the information derived as part of the historical analysis and an analysis of the current market scenario.
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