Led Driver Market

The LED s offer very low voltage and the safety for the LEDs. Individual LED bulbs to function at the voltages scaling from 1.5 to 3.5 volts and currents till a maximum of 30mA. The domestic bulb may comprise of various bulbs in series and also in parallel combinations and which need a whole voltage of in between 12 and 24 V direct current.

Market Dynamics:

The demand for external drivers is expected to increase significantly across the globe owing to various smart city initiatives under which governments worldwide are looking to reduce energy consumption and gain cost benefits. This is expected to drive the growth of the global LED Driver market. For instance, as per International Energy Agency, in November 2021, over 50% of buildings sector lighting markets globally were covered by LEDs. Several prominent vendors in the market are progressively focusing on providing innovative solutions targeted at the residential sector. This is anticipated to offer lucrative opportunities in the growth of global LED Driver Market. For instance, in August 2020, ERP Power LLC, which offers small, smart, and connected LED drivers and light engines for the lighting industry. It declared one of the world’s smallest programmable output drivers with industry-leading power efficiency and broad dimmer compatibility.

On Contrary, the Covid-19 pandemic has slowed down the work at the residential areas. The halt in the supply of materials led to delay in the transportation. This is expected to hamper the growth of global LED Driver Market.

Key features of the study:

• This report provides in-depth analysis of the global LED Driver market, and provides market size (US$ 5,274.5 Mn ) and compound annual growth rate (28.4%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global LED Driver market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Major companies involved in the global LED Driver market are Hubbell Incorporated, Osram GmbH, Signify Holding, Autec Power Systems, Lutron Electronics Co. Inc., Hatch Lighting, Eaton Corporation Plc, Cree Inc., AC Electronics (ACE), Allanson International, MEAN WELL Enterprises Co. Ltd, Acuity Brands Lighting Inc., Enedo Plc, Crestron Electronics Inc. and ERP Power LLC
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global LED Driver market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LED Driver market.

Detailed Segmentation:

• Global LED Driver Market, By Product:
  • Constant Current and AC LED
  • Constant Voltage
• Global LED Driver Market, By control Feature:
  • Wired
  • Wireless
• Global LED Driver Market, By Channel Count:
  • Single
  • Dual
  • Three and above
• Global LED Driver Market, By End User:
  • Residential
  • Office
  • Retail and Hospitality
  • Outdoor
  • Healthcare & Educational Institutions
  • Industrial
  • Other End Users
• Global LED Driver Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Company Profiles:

• Signify Holding
• Lutron Electronics Co. Inc
• Hubbell Incorporated
• Eaton Corporation Plc
• Acuity Brands Lighting Inc
• Crestron Electronics Inc.
• ERP Power LLC
• MEAN WELL Enterprises Co. Ltd
• Cree Inc.
• AC Electronics (ACE)
• Osram GmbH
• Autec Power Systems
• Enedo Plc
• Hatch Lighting
• Allanson International