LED Driver Market Trends To Reach $24.98 Billion By 2022

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The global LED Driver Market for lighting is expected to reach USD 24.98 Billion by 2022, at a CAGR of 26.3% between 2016 and 2022. Growing adoption of LED lighting in general lighting applications, increasing demand for energy-efficient lighting systems, integration of IoT and lighting, and acceptance of standard protocols for lighting control are driving the growth of this market. The base year considered for this report is 2015, and the forecast period for the market has been considered for the period between 2016 and 2022.

led-driver-market.jpg

This report covers the major segments of the market, namely, driving method (constant current LED driver and constant voltage LED driver), luminaire type (A-type, T-lamps, reflectors, decorative lamps, integral LED modules), end-user application (commercial lighting, industrial lighting, residential lighting, outdoor & traffic lighting and others), and geography. The market size estimations for these segments are provided in this report, along with the key trends and market dynamics related to these segments.

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The report provides the competitive landscape of key players, including their growth strategies to enhance their position in the LED driver market for lighting. The report also provides the profiles of the key companies in the LED driver market for lighting including Osram GmbH (Germany), Harvard Engineering (U.K.), Texas Instruments (U.S.), Maxim Integrated (U.S.), Macroblock Inc. (Taiwan), Atmel Corporation (U.S.), General Electric (U.S.), Cree, Inc. (U.S.), ROHM Semiconductors (Japan), ON Semiconductor (U.S.), and AC Electronics (U.S.).

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This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.
  • Analysis of all the end-user applications in which LED drivers for lighting are used worldwide
  • Analysis of various LED drivers sold to these industries
  • Analysis of the penetration of LED drivers in these industries
  • Estimation of the market size in terms of volume
  • Estimation of the market size of the LED drivers in end-user applications by driving method
  • Overall market size finalized by data triangulation with supply-side data, including product developments, supply chain, and estimated sales of LED driver modules
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