Global Light-Emitting Diode (LED) Driver Market, By Luminaire (Type A Lamp, Decorative Lamp, T Lamp, Reflectors, Others), Supply (Constant Voltage, Constant Current), Application (General Lighting, Automotive Lighting, Consumer Electronics, Backlighting, Outdoor Display), End-User (Residential, Commercial, Industrial, Others), Industry (Manufacturing, Healthcare, Retail, Energy & Utilities, Defense & Government, Transportation & Logistics, IT & Telecommunications, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Light-Emitting Diode (LED) Driver Market
The light-emitting diode (LED) driver market will reach at an estimated value of USD 36.23 billion by 2028 and grow at a CAGR of 16.20% in the forecast period of 2021 to 2028. Rise in the adoption of LED lighting in general lighting applications is an essential factor driving the light-emitting diode (LED) driver market.
LED driver is defined as an electronic circuit responsible for supplying the power to an individual LED or an array of LEDs. The LED driver is responsible for maintaining consistent current supply so as to retain the brightness levels of the light while also taking care so as to limit the power supply preventing any damage to the LED. They store the power source so as to prevent the damage from any voltage fluctuations which might damage the lights.
Rise in the demand for energy-efficient lighting systems is a crucial factor accelerating the market growth, also rise in the convergence of Iot and lighting, increase in the acceptance of standard protocols for lighting control, rise in the transformations of LED lighting due to the surge of IoT technology and rise in the presence of reforms presented by the authorities to promote energy efficiency solutions are the major factors among others boosting the light-emitting diode (LED) driver market. Moreover, rise in the development of wireless technologies, increase in the development of programmable LED drivers and rise in the research and development activities in the market will further create new opportunities for light-emitting diode (LED) driver market in the forecast period mentioned above.
However, rise in the absence of standards regarding the manufacturing of these products, lack of awareness regarding the benefits and availability of the product in the various developing regions and increase in the concerns regarding the high costs associated with the replacement of the product if any failure or complications occurs in its operations are the major factors among others restraining the market growth, and will further challenge the light-emitting diode (LED) driver market in the forecast period mentioned above.
This light-emitting diode (LED) driver market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light-emitting diode (LED) driver market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Light-Emitting Diode (LED) Driver Market Scope and Market Size
The light-emitting diode (LED) driver market is segmented on the basis of luminaire, supply, application, end-user and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of luminiare, the light-emitting diode (LED) driver market is segmented into type A lamp, decorative lamp, T lamp, reflectors and others.
- Based on supply, the light-emitting diode (LED) driver market is segmented into constant voltage and constant current.
- Based on application, the light-emitting diode (LED) driver market is segmented into general lighting, automotive lighting, consumer electronics, backlighting and outdoor display.
- Based on end-user, the light-emitting diode (LED) driver market is segmented into residential, commercial, industrial and others.
- The light-emitting diode (LED) driver market is also segmented on the basis of industry into manufacturing, healthcare, retail, energy & utilities, defense & government, transportation & logistics, IT & telecommunications and others.
Light-Emitting Diode (LED) Driver Market Scope Country Level Analysis
The light-emitting diode (LED) driver market is analysed and market size, volume information is provided by country, luminaire, supply, application, end-user and industry as referenced above.
The countries covered in the light-emitting diode (LED) driver market are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the light-emitting diode (LED) driver market due to rise in the convergence of Iot and lighting, increase in the acceptance of standard protocols for lighting control and rise in the transformations of LED lighting due to the surge of IoT technology in this region. North America and Europe are the expected regions in terms of growth in light-emitting diode (LED) driver market due to increase in the adoption of the technology for outdoor applications in this region.
The country section of the light-emitting diode (LED) driver market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Light-Emitting Diode (LED) Driver Market Share Analysis
The light-emitting diode (LED) driver market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light-emitting diode (LED) driver market.
The major players covered in light-emitting diode (LED) driver market report are AC Electronics; Microchip Technology Inc.; Cree, Inc.; Tungsram Operations Kft.; Harvard Power Systems Ltd; Signify Holding; Lutron Electronics Co., Inc.; MACROBLOCK, INC.; Maxim Integrated; NXP Semiconductors; Semiconductor Components Industries, LLC; OSRAM GmbH; ROHM SEMICONDUCTOR; STMicroelectronics; Texas Instruments Incorporated; Protonix Fortuner India Private Limited; Cell Life Technologies; DeltaPSU; Siri Power Products; TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION; Power Integrations, Inc.; Taiwan Semiconductor and Infineon Technologies AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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