LED Driver Market Report 2022: Overview, Share, Growth, Analysis and Future Scope 2027
According to the latest report by IMARC Group, titled “LED Driver Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the market expected to grow at a CAGR of XX% during 2022-2027.
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.
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.
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Global LED Driver Market 2021-2026 Analysis and Segmentation:
Competitive
Landscape:
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, disc type, material type and end user.
Breakup
by Component:
·
Driver IC
·
Discrete Components
·
Others
Breakup
by Luminaire Type:
·
Decorative Lamps
·
Reflectors
·
Type A Lamp
·
T Lamp
·
Integral LED Modules
·
Others
Breakup
by Supply Type:
·
Constant Current
·
Constant Voltage
Breakup
by End User:
·
Residential
·
Commercial
·
Industrial
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
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Analyst for Customization and Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/led-driver-market
Key
highlights of the report:
- Market Performance
(2015-2020)
- 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.
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.
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