LED Driver Market - Global Industry Analysis

LED Driver Market- By Product Type (Constant Current & AC LED and Constant Voltage), By Control Feature (Wired and Wireless), By Channel Count (Single, Dual, and Three & Above), and By End-User (Residential, Office, Retail & Hospitality, Outdoor, Healthcare & Educational Institutions, and Industrial): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028

Published Date: 14-Mar-2022 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-533 Status : Published

The global LED Driver Market accrued earnings worth approximately 12.31 (USD Billion) in 2021 and is predicted to gain revenue of about 64.13 (USD Billion) by 2028, is set to record a CAGR of nearly 26.1% over the period from 2022 to 2028. Report Provides Size, trends, economy, and Capital

Description

The global LED Driver Market accrued earnings worth approximately 12.31 (USD Billion) in 2021 and is predicted to gain revenue of about 64.13 (USD Billion) by 2028, is set to record a CAGR of nearly 26.1% over the period from 2022 to 2028. The study provides assessment and analysis of the LED Driver Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

LED Driver Market: Overview

LED drivers offer protection to LEDs from high voltages as well as fluctuations occurring during power supply. Moreover, these devices are devised for running on low volts as well as direct current power. Reportedly, they are utilized for maintaining voltage and current passing via LED circuit at high rate. Furthermore, this equipment find spectrum of applications in industrial, commercial, and residential sectors.

In addition to this, LED driver is an electrical equipment delivering power to range of LEDs in a controlled way. Apparently, it provides incessant power supply to LED as electrical properties vary with change in temperature for LED. It is accepted by large number of outdoor applications including street lighting, roadway lighting, tunnel lighting, and highway lighting. However, these LED drivers have become innovative along with offering high flexibility for lightning services.

Global LED Driver Market

LED Driver Market: Growth Drivers

Surge in acceptance of power efficient lighting and surge in production of programmable LED drivers will steer expansion of LED driver market. Increase in development of smart infrastructure in emerging economies will prop up expansion of LED driver market. Supportive power-efficient policies drafted by federal governments and councils promoting funding of manufacture of energy-efficient devices will open new dimensions of growth for LED driver industry. Reportedly, people are making large-scale use of smartphones, laptops, television, and tablets are making use of LED systems as the latter facilitate reduced power consumption and contributes less to electricity bills. This will result in marked growth of LED driver market. Elongated life span and portability makes LED drivers more preferable for end-users, thereby driving market trends.

Furthermore, surging industrial development and rise in population has led to massive demand for energy, thereby leading to popularity & large-scale use of LEDs. This will generate ripples of growth in LED driver business. Massive product penetration in automotive and horticulture sectors will enlarge size of growth of LED driver market. With firms such as NXO semiconductors and ON semiconductors investing largely on research activities for enhancing proficiency of lighting services, the market for LED driver is anticipated to gain traction over years to come. Sustainable lighting has become a vital parcel of smart city projects, thereby multiplying expansion of LED driver business space.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

LED Driver Market: Regional Landscape

Asia Pacific LED Driver Market To Expand Geometrically Over 2022-2028

Growth of LED driver market in Asia Pacific zone can be credited to surging demand for LEDs in commercial & industrial sectors in countries such as China and India. Additionally, rise in preference for LED bulbs & tubes by municipalities of these countries for saving energy will further drive regional market trends. Rise in use of LEDs in street lights and near bridges as well as public parks & highways will culminate in massive market surge in region over coming six years. Smart city projects are also supporting use of LEDs and this has catapulted LED driver market growth in Asia Pacific. Citing an instance, India has started a project referred as Street Lighting National Program (SLNP) and deployed nearly 8 million LED lights in twenty eight states including union territories under its belt. Moreover, the energy savings of nearly 5.07 billion KWh was recorded. As per Power Ministry of Country, nearly 135 million LED lights were installed under SLNP by March 2020.

LED Driver Market: Competitive Landscape

Some of mammoth players have strongly influenced growth of market and will continue to do so even in ensuing years. They are General Electric Company, Osram GmbH, Rohm Semiconductors, Cree, Inc., Texas Instruments, Inc., Macroblock, Inc., Maxim Integrated, Inc., Harvard Engineering, and Atmel Corp.

The global LED Driver Market is segmented as follows:

By Product Type

  • Constant Current & AC LED
  • Constant Voltage

By Control Feature

  • Wired
  • Wireless

By Channel Count

  • Single
  • Dual
  • Three & Above

By End-User

  • Residential
  • Office
  • Retail & Hospitality
  • Outdoor
  • Healthcare & Educational Institutions
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. LED Driver Market, 2016-2026 (USD Billion)
    • 2.2. LED Driver Market: Snapshot
  • Chapter 3. LED Driver Market - Industry Analysis
    • 3.1. LED Driver Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing need to address vertical specific challenges
    • 3.3. Restraints
      • 3.3.1. Technology and cost of design
    • 3.4. Opportunity
      • 3.4.1. Rapid economic development in emerging countries
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis By Driving Method
      • 3.6.2. Market attractiveness analysis By Luminaire Type
      • 3.6.3. Market attractiveness analysis By End-User
      • 3.6.4. Market attractiveness analysis by Region
  • Chapter 4. LED Driver Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global LED Driver Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Driving Method launches
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global LED Driver Market -Driving Method Analysis
    • 5.1. Global LED Driver Market overview: By Driving Method type
      • 5.1.1. Global LED Driver Market share, By Driving Method,2019 and 2026
    • 5.2. Constant Current
    • 5.3. Global LED Driver Market by Constant Current, 2016-2026 (USD Billion)
    • 5.4. Constant Voltage
    • 5.5. Global LED Driver Market by Constant Voltage, 2016-2026 (USD Billion)
  • Chapter 6. Global LED Driver Market -Luminaire Type Analysis
    • 6.1. Global LED Driver Market overview: By Luminaire Type
      • 6.1.1. Global LED Driver Market share, By Luminaire Type, 2019 and 2026
    • 6.2. A-Type Lamps
      • 6.2.1. Global LED Driver Market By A-Type Lamps, 2016-2026 (USD Billion)
    • 6.3. T-Lamps
      • 6.3.1. Global LED Driver Market By T-Lamps, 2016-2026 (USD Billion)
    • 6.4. Others
      • 6.4.1. Global LED Driver Market by Other Luminaire Types, 2016-2026 (USD Billion)
  • Chapter 7. Global LED Driver Market -End-User Analysis
    • 7.1. Global LED Driver Market overview: By End-User
      • 7.1.1. Global LED Driver Market share, By End-User, 2019 and 2026
    • 7.2. Residential
    • 7.3. Global LED Driver Market by Residential, 2016-2026 (USD Billion)
    • 7.4. Industrial
    • 7.5. Global LED Driver Market by Industrial, 2016-2026 (USD Billion)
    • 7.6. Commercial
      • 7.6.1. Global LED Driver Market by Commercial, 2016-2026 (USD Billion)
    • 7.7. Others
      • 7.7.1. Global LED Driver Market by others, 2016-2026 (USD Billion)
  • Chapter 8. Global LED Driver Market - Regional Analysis
    • 8.1. Global LED Driver Market overview: by Region
      • 8.1.1. Global LED Driver Marketshare, by Region, 2019 and 2026
    • 8.2. North America
      • 8.2.1. North America LED Driver Market, 2016-2026 (USD Billion)
      • 8.2.2. North America LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
      • 8.2.3. North America LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
      • 8.2.4. North America LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.2.5. The U.S.
        • 8.2.5.1. The U.S.LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.2.5.2. The U.S.LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.2.5.3. The U.S.LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.2.6. Rest of North America
        • 8.2.6.1. Rest of North America LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.2.6.2. Rest of North America LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.2.6.3. Rest of North America LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe LED Driver Market, 2016-2026 (USD Billion)
      • 8.3.2. Europe LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
      • 8.3.3. Europe LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
      • 8.3.4. Europe LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. U.K.LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.3.5.2. U.K.LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.3.5.3. U.K. LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.3.6.2. France LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.3.6.3. France LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.3.7.2. Germany LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.3.7.3. Germany LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of EuropeLED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.3.8.2. Rest of EuropeLED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.3.8.3. Rest of Europe LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific LED Driver Market, 2016-2026 (USD Billion)
      • 8.4.2. Asia Pacific LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
      • 8.4.3. Asia Pacific LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
      • 8.4.4. Asia Pacific LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.4.5.2. China LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.4.5.3. China LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.4.6.2. Japan LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.4.6.3. Japan LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.4.7. India
        • 8.4.7.1. India LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.4.7.2. India LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.4.7.3. India LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.4.8.2. Rest of Asia Pacific LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.4.8.3. Rest of Asia Pacific LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America LED Driver Market, 2016-2026 (USD Billion)
      • 8.5.2. Latin America LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
      • 8.5.3. Latin America LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
      • 8.5.4. Latin America LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.5.5.2. Brazil LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.5.5.3. Brazil LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
      • 8.5.6. Rest of LatinAmerica
        • 8.5.6.1. Rest of LatinAmerica LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
        • 8.5.6.2. Rest of LatinAmerica LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
        • 8.5.6.3. Rest of Latin America LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa LED Driver Market, 2016-2026 (USD Billion)
      • 8.6.2. The Middle East and Africa LED Driver Market revenue, By Driving Method,2016-2026 (USD Billion)
      • 8.6.3. The Middle East and Africa LED Driver Market revenue, By Luminaire Type, 2016-2026 (USD Billion)
      • 8.6.4. The Middle East and Africa LED Driver Market revenue, By End-User, 2016-2026 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Osram GmbH
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Driving Method Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Harvard Engineering
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Driving Method Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. Texas Instruments, Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Driving Method Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. Maxim Integrated, Inc
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Driving Method Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. General Electric
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Driving Method Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Cree, Inc.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Driving Method Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. Angoss
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Driving Method Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Rohm Semiconductors
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Driving Method Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. Atmel Corp.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Driving Method Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global LED Driver Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global LED Driver Market attractiveness, By Driving Method type
6. Global LED Driver Market attractiveness, By Luminaire Type
7. Global LED Driver Market attractiveness, By End-User
8. Global LED Driver Marketmarket share, By Driving Method, 2019 and 2026
9. Global LED Driver Market by Constant Current, 2016–2026 (USD Billion)
10. Global LED Driver Market by Constant Voltage,2016–2026 (USD Billion)
11. Global LED Driver Market share, By Luminaire Type, 2019 and 2026
12. Global LED Driver Market By A-Type Lamps, 2016–2026 (USD Billion)
13. Global LED Driver Market By T-Lamps, 2016–2026 (USD Billion)
14. Global LED Driver Market By Luminaire Type Other, 2016–2026 (USD Billion)
15. Global LED Driver Market share, By End-User, 2019 and 2026
16. Global LED Driver Market by Residential, 2016–2026 (USD Billion)
17. Global LED Driver Market by Industrial, 2016–2026 (USD Billion)
18. Global LED Driver Market by Commercial, 2016–2026 (USD Billion)
19. Global LED Driver Market by others, 2016–2026 (USD Billion)
20. Global LED Driver Market share, by Region, 2019and 2026
21. North America LED Driver Market, 2016–2026 (USD Billion)
22. Europe LED Driver Market, 2016–2026 (USD Billion)
23. Asia Pacific LED Driver Market, 2016–2026 (USD Billion)
24. Latin America LED Driver Market, 2016–2026 (USD Billion)
25. The Middle East and Africa LED Driver Market, 2016–2026 (USD Billion)


Table Of Tables

List of Tables

1. Global LED Driver Market: snapshot
2. Drivers of theLED Driver Market: impact analysis
3. Restraints of theLED Driver Market: impact analysis
4. North America LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
5. North America LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
6. North America LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
7. The U.S. LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
8. The U.S. LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
9. The U.S. LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
10. Rest of North America LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
11. Rest of North America LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
12. Rest of North America LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
13. Europe LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
14. Europe LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
15. Europe LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
16. U.K.LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
17. U.K.LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
18. U.K. LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
19. France LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
20. France LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
21. France LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
22. Germany LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
23. Germany LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
24. Germany LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
25. Rest of EuropeLED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
26. Rest of EuropeLED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
27. Rest of Europe LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
28. Asia Pacific LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
29. Asia Pacific LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
30. Asia Pacific LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
31. China LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
32. China LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
33. China LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
34. Japan LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
35. Japan LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
36. Japan LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
37. India LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
38. India LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
39. India LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
40. Rest of Asia Pacific LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
41. Rest of Asia Pacific LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
42. Rest of Asia Pacific LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
43. Latin America LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
44. Latin America LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
45. Latin America LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
46. Brazil LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
47. Brazil LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
48. Brazil LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
49. Rest of Latin America LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
50. Rest of Latin America LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
51. Rest of Latin America LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)
52. The Middle East and Africa LED Driver Market revenue, By Driving Method,2016–2026 (USD Billion)
53. The Middle East and Africa LED Driver Market revenue, By Luminaire Type, 2016–2026 (USD Billion)
54. The Middle East and Africa LED Driver Market revenue, By End-User, 2016–2026 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global LED Driver market. Zion Research has collected and analyzed key data belong to the global LED Driver market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of LED Driver across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the LED Driver industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the LED Driver market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Increasing demand of LED lighting by households for improving the energy consumption is supporting the demand of LED driver in the residential sector. Outdoor & traffic sectors are the early adopters of LED as it leads to huge electricity savings. Outdoor & traffic lighting include roadway street lights, lighting, highway and tunnel lighting, and so on. The LED technology has also progressed in areas such as light distribution pattern, thermal properties, LED capacity and forward voltages, as LED manufacturers continue to push the boundaries of LED.

High penetration of LED in lighting applications in retail outlets, office complexes, street lights, and rapidly growing usage within the residential lighting applications for households are the major drivers for the growth of the LED driver market. Since past decade, mobile backlight, display, landscape lighting, and TV backlight are showing widespread adoption of this type of technology.

However, technology and design of cost are becoming the major challenge for LED driver market. To overcome this challenge LED manufacturers are developing application based LED design. In order to create integrated and optimize the system, the design includes commercially available drivers, heat sinks, and optics from industry-leading suppliers.  Managing high volume manufacturing automation and LED binning process, managing stress during the manufacturing process of LED are some of the key challenges in manufacturing LED lighting systems. Exterior and retail LED lighting applications present unique design challenges for the market. Different application segments will require different color LED lighting systems to enhance product quality and appearance. These restraints can be overcome by designing the functional test process to measure color intensity, emissive chromaticity and color temperature will ensure that the finished product and balanced light is achieved according to manufacturer’s binning rules. Optical sensor technology is also used to meet manufacturer requirements.

Rapid economic development, increasing citizen prosperity and affordability of communications services is playing a key role in the growth of the LED driver market. Furthermore, technological advancement in LED driver market is providing the new opportunities. The recent push by emerging economies such as China and India toward energy efficiency is also a key factor for the growth of the LED driver for outdoor & traffic lighting.

Segmentation of LED drivers market is done on the basis of the driving method, end-users, luminaire type, and region. On the basis of driving method, the market is fragmented into constant current and constant voltage. The end users of LED drivers are residential, commercial, industrial lighting, outdoor& traffic lighting, and others. On the basis of luminaire type the market is bifurcated into A-type lamps, T- type lamps, decorative lamps, integral LED modules and others.

The key players in LED driver market are Osram GmbH, Texas Instruments, Inc., Maxim Integrated, Inc., Harvard Engineering, Macroblock, Inc., General Electric, Cree, Inc., and Rohm Semiconductors, and Atmel Corp., among others

Choose License Type

Request the coronavirus impact analysis across industries and markets

FrequentlyAsked Questions

Surge in acceptance of power efficient lighting and rise in production of programmable LED drivers will spur expansion of LED driver market. A prominent rise in development of smart infrastructure in developing economies will enlarge expansion of LED driver market.   

According to Zion market research report, The global LED Driver Market accrued earnings worth approximately 12.31 (USD Billion) in 2021 and is predicted to gain revenue of about 64.13 (USD Billion) by 2028, is set to record a CAGR of nearly 26.1% over the period from 2022 to 2028.

Asia Pacific will contribute lucratively towards the global market revenue over the projected timeline. Expansion of LED driver market in Asia Pacific zone can be credited to surging demand for LEDs in commercial & industrial sectors in countries such as China and India.

The key market participants leveraging business sphere include General Electric Company, Osram GmbH, Rohm Semiconductors, Cree, Inc., Texas Instruments, Inc., Macroblock, Inc., Maxim Integrated, Inc., Harvard Engineering, and Atmel Corp.

 

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • paypal
  • amazon
  • visa
  • master card

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed