According to the research report, the global LEDdriver market size is expected to touch USD 34.85 Billion by 2030, from USD 7.45 Billion in 2022, growing with a significant CAGR of 21.28% from 2022 to 2030.
The LED driver market report offers a
comprehensive study of the current state expected at the major drivers, market
strategies, and key vendors’ growth. The report presents energetic visions to
conclude and study the market size, market hopes, and competitive surroundings.
The research also focuses on the important achievements of the market, research
& development, and regional growth of the leading competitors operating in
the market. The current trends of the global LED driver market in conjunction
with the geographical landscape of this vertical have also been included in
this report.
The report offers intricate dynamics about
different aspects of the global LED driver market, which aids companies operating
in the market in making strategic development decisions. The study also
elaborates on significant changes that are highly anticipated to configure
growth of the global LED driver market during the forecast period. It also
includes a key indicator assessment that highlights growth prospects of this
market and estimates statistics related to growth of the market in terms of
value (US$ Mn) and volume (tons).
Sample
Link @ https://www.precedenceresearch.com/sample/2446
| Report Coverage | Details |
| Market Size in 2022 | USD 7.45 Billion |
| Market Size by 2030 | USD 34.85 Billion |
| CAGR | 21.28% from 2022 to 2030 |
| Asia Pacific Market Share | 45% in 2022 |
| Constant Current Segment Market Share | 59.8% in 2022 |
| Base Year | 2022 |
| Forecast Period | 2022 to 2030 |
This study covers a detailed segmentation
of the global LED driver market, along with key information and a competition
outlook. The report mentions company profiles of players that are currently
dominating the global LED driver market, wherein various developments,
expansions, and winning strategies practiced and implemented by leading players
have been presented in detail.
Key Players
- ACE LEDS
- Cree LED
- Signify Holding
- Maxim Integrated
- Texas Instruments Incorporated
- NXP Semiconductors
- STMicroelectronics
- Bokedriver
- MEAN WELL Enterprises Co.
- Inventronics Inc.
Market Segmentation
- Constant Voltage
- Constant Current
By Luminaire Type
- Decorative Lamps
- Reflectors
- Type A Lamp
- Others
By Component
- Driver IC
- Discrete Component
- Others
By Control Feature
- Wired
- Wireless
By Application
- General Lighting
- Electronic Devices
- Automotive Lighting
- Lighting Outdoor Display
By End-User
- Residential
- Commercial
- Industrial
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Research Methodology
The research methodology adopted by
analysts for compiling the global LED driver market report is based on detailed
primary as well as secondary research. With the help of in-depth insights of
the market-affiliated information that is obtained and legitimated by
market-admissible resources, analysts have offered riveting observations and
authentic forecasts for the global market.
During the primary research phase, analysts
interviewed market stakeholders, investors, brand managers, vice presidents,
and sales and marketing managers. Based on data obtained through interviews of
genuine resources, analysts have emphasized the changing scenario of the global
market.
For secondary research, analysts
scrutinized numerous annual report publications, white papers, market
association publications, and company websites to obtain the necessary
understanding of the global LED driver market.
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