According to the latest report by IMARC Group, titled “LED Driver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the led driver market to reach US$ 24.87 Billion by 2027.
A light-emitting diode (LED) driver refers to a self-contained electrical device incorporated in an LED circuit to provide constant voltage or current. The major components of an LED driver are resistor, electrolytic capacitor, polarized capacitor, bridge rectifier, Zener diode, etc. An LED driver is commonly used for lighting and decoration purposes in both residential and commercial establishments. They are compact, lightweight, cost-effective, energy-efficient, and easy to install. As a result, LED drivers are also utilized as indicators in cars, motorcycles, and other vehicles.
Base Year: 2022
Forecast Year: 2022-2027
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global LED Driver Market Trends:
The increasing levels of electricity consumption, owing to the expanding global population, are among the key factors driving the LED driver market. Moreover, the rising electricity prices are further stimulating the adoption of cost- and energy-efficient LED lighting solutions. Besides this, the elevating number of smart city projects is acting as another significant growth-inducing factor. Furthermore, the growing emphasis on replacing traditional bulbs with LEDs in contemporary automobiles for increased luminous efficacy and safety is also augmenting the global market. In addition to this, the emerging trend of digital-out-of-home (DOOH) advertising is promoting the utilization of LED modular displays. This, in turn, is expected to bolster the LED driver market over the forecasted period.
Request Free Sample Report: https://www.imarcgroup.com/led-driver-market/requestsample
Global LED Driver Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc. and Texas Instruments Incorporated.
The report has segmented the market on the basis on region, component, luminaire type, supply type, end user.
Breakup by Component:
- Driver IC
- Discrete Components
Breakup by Luminaire Type:
- Decorative Lamps
- Type A Lamp
- T Lamp
- Integral LED Modules
Breakup by Supply Type:
- Constant Current
- Constant Voltage
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/led-driver-market
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800