The Light Emitting Diode Lighting Driver Market report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
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. Rapid LED lighting product penetration and increasing awareness regarding the various benefits of LED lighting products are some of the key factors driving global LED lighting driver market revenue growth. Increased LED adoption for usage in residential buildings, commercial shops, industrial uses, and traffic lights, among other applications, is expected to boost demand for LED lighting products. Increasing use of miniaturized LED drivers and increasing building and reconstruction activities in residential and non-residential sectors globally are expected to fuel market growth over the forecast period. In addition, rising development of programmable LED drivers is expected to augment market growth going ahead.
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Some Key Highlights from the Report
DC/DC ICs segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. DC/DC control systems and converters offer excellent reliability, fast frequency performance, low resistance, and high EMI performance, which are expected to drive growth of this segment.
Dimmable segment is expected to lead in terms of revenue over the forecast period owing to increased demand for dimmable LED lighting drivers. Dimmable LED lighting drivers save energy as power outputs require lesser energy usage.
Smart segment is expected to lead in terms of revenue over the forecast period owing to rising demand for smart LED lighting drivers. With the installation of gateways, smart LED lighting drivers are compatible with Bluetooth and Wi-Fi, which is expected to boost revenue growth of this segment.
The report further divides the Light Emitting Diode Lighting Driver market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the 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; 2018–2028)
DC/DC ICs
RGB ICs
Linear Regulator ICs
Others
Dimming Method Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
Dimmable
DALI
Traic
1-10V
Trailing-edge
Non-dimmable (Standard)
Type Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
Conventional
Smart
End Use Outlook (Revenue, USD Billion, Volume in Tons; 2018–2028)
Indoor Lighting
Industrial Lighting
Commercial Lighting
Residential Lighting
Entertainment Lighting
Office Lighting
Indoor Sports Facilities Lighting
Outdoor Lighting
Street Lights
Tunnel Lighting
Highway Lighting
City Lighting
Outdoor Sports Facilities Lighting
Automotive Lighting
Others
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report also studies the key companies of the Light Emitting Diode Lighting Driver market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some players analyzed in the report are:
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.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Light Emitting Diode Lighting Driver market?
What are the key product types and applications of the Light Emitting Diode Lighting Driver industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Light Emitting Diode Lighting Driver market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Light Emitting Diode Lighting Driver Market by 2028?
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