Increasing industrialization in developing countries and government initiatives to encourage use of more cost-effective and energy-efficient lighting systems are key factors driving market growth
Vancouver, Oct. 12, 2023 (GLOBE NEWSWIRE) -- 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. Growing industrialization in developing countries as well as increasing government efforts to boost adoption of more cost-effective and energy-efficient LED lighting are some key factors driving market revenue growth. Dimmable Led Panel
Increased government emphasis on building smart cities coupled with increasing industrialization is expected to continue to boost the use of LED lighting drivers for street lights, tunnel lighting, highway lighting, and city lighting, among others. Increasing reconstruction of buildings and infrastructure is also expected to fuel revenue growth of the market during the forecast period.
You Can Download Free Sample PDF Copy of this Report @ https://www.emergenresearch.com/request-sample/880
However, high cost of setting up LED lighting drivers and lack of standardization are factors expected to hamper global LED lighting driver market growth to some extent during the forecast period.
Revenue in USD Billion, Volume in Tons, and CAGR in % from 2023 to 2032
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Integrated Circuit, Dimming Method, Type, End-Use, and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA
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.
10 hours of free customization and expert consultation
Click to Purchase this Report at an Exclusively Discounted Rate @ https://www.emergenresearch.com/request-discount/880
Major Companies and Competitive Landscape
The global LED lighting driver market is fairly fragmented, with a number of large and medium-sized market players accounting for majority market revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, adopting more advanced technologies in LED lighting drivers, developing, testing, and introducing new and more efficient LED lighting drivers in the market. Some of the major companies included in the global LED lighting driver market report are:
Mean Well Enterprises Co., Ltd.
Tridonic GmbH & Co KG
Eaglerise Electric & Electronic Ltd.
In June 2021, Signify Holding B.V. launched the Advance Xitanium 150W dimmable outdoor LED driver. LED-based light sources are an ideal choice for all lighting applications since these are long-lasting and require minimal maintenance. Such solutions require durable drivers that suit the long lifetime of LEDs for optimal efficiency. Advance Xitanium LED Outdoor Driver range includes a variety of components developed specifically to power LED solutions in outdoor applications. These drivers are developed for hard-wired integration into outdoor luminaires for the most robust applications.
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/880
Some Key Highlights From the Report
Linear regulator ICs segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. With a constant current linear regulator, LED drivers can be turned on and off immediately. LED performance can be readily and consistently regulated by changing the power output through a capacitor and LED brightness through pulse width modulation (PWM). To prevent ICs from overheating, linear regulator incorporates a temperature control feature.
Indoor lighting segment is expected to register significantly robust revenue growth over the forecast period owing to increasing use of LED lighting drivers in a range of indoor applications, including commercial lighting, industrial lighting, entertainment lighting, residential lighting, office lighting, and indoor sports facility lighting.
North America is expected to register steady revenue growth rate during the forecast period. As a result of steady urbanization and changing lifestyle, LED lighting is becoming increasingly popular in construction sector and in vehicles and related industries. Improving living standards and high spending capacity and need to improve home and office aesthetics are driving steady increase in usage of LED lighting drivers.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/light-emitting-diode-lighting-driver-market
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; 2019–2032)
Dimming Method Outlook (Revenue, USD Billion, Volume in Tons; 2019–2032)
Type Outlook (Revenue, USD Billion, Volume in Tons; 2019–2032)
End Use Outlook (Revenue, USD Billion, Volume in Tons; 2019–2032)
Regional Outlook (Revenue, USD Billion, Volume in Tons; 2019–2032)
Curated Reports You Shouldn't Miss: Dive In Now!
Micro Displays Market Size, Share, Trends, By Product (Near-to-Eye (NTE) Devices, Head-up Display (HUD), Projectors), By Technology (LCD, OLED, LCoS, DLP), By Resolution, By Brightness, By Industry (Automotive, Consumer), and By Region Forecast to 2028
Air Quality Monitoring System (AQMS) Market By Product (Indoor Monitors, Outdoor Monitors, Wearable Monitors), By Sampling Method (Continuous Monitoring, Passive Monitoring, Intermittent Monitoring, Manual Monitoring, Stack Monitoring), By Pollutant (Physical Pollutants, Chemical Pollutant, Biological Pollutants), End-Use (Residential and Commercial Industry, Government Agencies and Academic Institutions, Petrochemical Industry, Power Generation Plants, Pharmaceutical Industry, Smart City Authority, Others), and By Region Forecast to 2028
Environmental Testing Equipment Market By Product (Mass Spectrometers, Molecular Spectroscopy Products, pH Meters, TOC Analyzers, Dissolved Oxygen Meters, Chromatography Products, Conductivity Sensors, Turbidity Meters, Others), By Application (Water Testing, Air Testing, Soil Testing), By Distribution Channel (Online, Offline), and By Region Forecast to 2028
Temperature Monitoring Systems Market By Product (Contact-based Temperature Monitoring Systems, Non-contact-based Temperature Monitoring System), By Technology (Analog and Digital), By Application (Greenhouse, Cold Storage, Hospital Room and Patient Monitoring, Laboratory Temperature, Manufacturing Area, Others), By End-Use (Healthcare and Life Science Facilities, Medical Device Manufacturing Companies, Pharmaceutical and Biotechnology Companies, Chemical and Petrochemical Manufacturers, Energy and Power Generation Companies, Food and Beverage Product Manufacturers, Other), and By Region Forecast to 2028
Power Monitoring Market By Component (Software, Hardware, Services), By End-use (Datacenters, Utilities & Renewables, Manufacturing & Process Industry, Electric Vehicle Charging Stations, Public Infrastructure), and By Region Forecast to 2028
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 analyze consumer behavior 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.
Emergen Research |Web: https://www.emergenresearch.com/
Explore Our Japanese Version: Light Emitting Diode Lighting Driver Market
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
Spotlight Ceiling Light Read our Press Release @ https://www.emergenresearch.com/press-release/global-light-emitting-diode-lighting-driver-market