According to the recent study the LED Driver Market is projected to reach an estimated $44 billion by 2030 from $15 billion in 2023, at a CAGR of 15.7% from 2023 to 2030. Growth in this market is primarily driven by increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries
Browse 113 figures/charts
and 98 tables in this 183-page report to understand trends, opportunities and
forecast in LED driver market by supply type (constant current and constant
voltage), luminaire type (type A lamp, decorative lamp, T lamp, reflectors and
others), by applications (general lighting, automotive lighting and
backlighting), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
“Constant current market is expected to remain the largest segment
during the forecast period.”
Based on supply type,
the LED driver market is segmented into constant current and constant voltage.
Lucintel forecasts that the constant current market is expected to remain the
largest segment due to ability to provide consistent brightness with lower
power consumption and increasing demand in LED backlighting and general
lighting applications.
“Within the LED driver market, the general lighting segment is
expected to remain the largest application.”
Based on application the
general lighting segment is expected to witness the highest growth over the
forecast period due to increasing demand for energy-efficient products in
residential and commercial lighting, increasing usage of the LED driver for
building and lighting management system, and decreasing price of LEDs.
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LED Driver Market.
“Asia pacific will dominate the LED driver market in near future.”
Asia Pacific is expected
to remain the largest region; it is also expected to witness highest growth
over the forecast period due to increasing penetration of LED lighting in
automotive and building & construction industry. Production and consumption
of LED lighting in China is highest; modernization of infrastructure is
expected to propel the demand for lighting products in China.
Texas Instruments,
Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, ROHM
Semiconductor., Osram GmbH, Power Integration, STMicroelectronics, Microchip
Technology, Taiwan Semiconductor, Infineon Technologies are among the major LED
driver providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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