Light Emitting Diode Lighting Driver Market Size Worth USD 23.24 Billion in 2028

The global LED lighting driver market size reached USD 7.62 Billion in 2020 and is expected to register a revenue CAGR of 15.2%, during the forecast period, according to latest analysis by Emergen Research.

The global LED lighting driver market size reached USD 7.62 Billion in 2020 and is expected to register a revenue CAGR of 15.2%, during the forecast period, according to latest analysis by Emergen Research. 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.

The latest research report by Emergen Research, named ‘Global Light Emitting Diode Lighting Driver Market - Forecast to 2027’, entails a comprehensive review of the global Light Emitting Diode Lighting Driver market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Light Emitting Diode Lighting Driver industry, particularly the current COVID-19 scenario.

Market Size – USD 7.62 Billion in 2020, Market Growth – at a CAGR of 15.2%, Market Trends – Increasing developments in programmable LED drivers

Get a sample of the report (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/880

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
    1. DALI
    2. Traic
    3. 1-10V
    4. 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
    1. Industrial Lighting
    2. Commercial Lighting
    3. Residential Lighting
    4. Entertainment Lighting
    5. Office Lighting
    6. Indoor Sports Facilities Lighting
  • Outdoor Lighting
    1. Street Lights
    2. Tunnel Lighting
    3. Highway Lighting
    4. City Lighting
    5. 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.
  • Asia Pacific is expected to account for a larger revenue share than other regional markets. Steady economic growth and favorable government initiatives in countries in the region are driving demand for LEDs, which is expected to drive growth of the market in the region.
  • In May 2021, Signify Holding B.V. introduced Advance-Xitanium-95W-Industrial Edge Plus 0-10V Dimmable LED Driver. Advance Xitanium series of edge industrial LED drivers are intended to provide OEMs with cost-effective options for Class 2 linear high bay luminaries. These versions are designed to work with conventional 0-10V dimming systems and provide consistently consistent dimming performance down to a minimum of 10%. The simplest wireless programming allows OEMs to utilize a single driver for various lumen packages by allowing users to change the power output.

Request a discount on the report@ https://www.emergenresearch.com/request-discount/880

 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.

Thank you for reading our report. For further queries or to request customization, please get in touch with us. Our team will ensure you get the report best suited for your needs.

Request customization of the report@ https://www.emergenresearch.com/request-for-customization/880

  About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

Contact Us:

  • Eric Lee

 

  • Corporate Sales Specialist

 

 

  • Direct Line: +1 (604) 757-9756

 

 

 

 

Read Full Press Release: https://www.emergenresearch.com/press-release/global-light-emitting-diode-lighting-driver-market