Press release
LED Panel Light Drivers Market Product Innovation Paramount for Major Players to Maintain Leadership 2018-2028
As the infrastructure of companies is improving, the usage of LED panel light drivers is also increasing. An LED panel light is a type of lighting fixture designed to replace traditional fluorescent ceiling lights. The LED panel light is the new technology in the market. Several consumers adopt LED panel lights due to their sleek look and innovative features & design. LED panel light drivers are mostly used in offices to provide well-distributed and uniform lighting for work areas. LED panel lights are the most reliable and easy options to illuminate the floors. LED panel light drivers play an essential role in LED panel lights because they control fluctuations in electricity and prevent the LED panel lights from getting damaged. The primary purpose of LED panel light drivers is to illuminate the floor. The adoption of LED panel lights in different sectors, industries, offices and warehouses is increasing the demand for LED panel light drivers market.
LED panel lights are ideal for illuminating the indoor spaces of offices and residential sectors. They are also used in several indoor platforms, such as manufacturing facilities, gymnasiums, warehouses and more.
LED Panel Light Drivers Market: Drivers and Restraints
Increase in the number of new entrants in corporate sectors has boosted the adoption of LED panel lights. New business entrants and organisations are working continuously to create an innovative ambiance in their business premises, which is increasing the adoption of LED panel light drivers. On the other hand, LED panel light drivers and lights are now commonly used for the interior decoration of homes owing to several reasons, which include quality, material, different colour options, flexibility in design, energy efficiency and the long lifespan of LED panel drivers & lights. These are some of the factors driving the market of LED panel light drivers.
However, due to their multiple features, LED panel light drivers are not able to save power. LED panel light drivers deliver lower output as compared to other spot LED downlights that consume the same watts of power, owing to their diffuser that helps spread light uniformly. Moreover, there are areas in developing regions where traditional lamps, CFLs and other types of lighting are still being used. In these regions, LEDs are not widely used due to their higher price as compared to traditional lighting products. This acts as a restraint for the LED panel light drivers market as these there is no demand for LED panel light drivers in these regions. The above-mentioned factors are expected to hamper the growth of the market.
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LED Panel Light Drivers Market: Segmentation
The LED panel light drivers market can be segmented on the basis of supply type, application and region.
On the basis of supply type, the LED panel light drivers market can be segmented into:
Constant Current
Constant Voltage
On the basis of application, the LED panel light drivers market can be segmented into:
Warehouses
Industrial facilities
Manufacturing facilities
School and university halls
Gymnasium
Commercial applications
Others
LED Panel Light Drivers Market: Key Players
Examples of some of the market participants in the global LED panel light drivers market identified across the value chain include Koninklijke Philips N.V., OSRAM Pvt. Ltd., Havells India Ltd, Wipro Limited, Bajaj Electricals Ltd., Eveready Industries India Ltd., Syska Hennessy Group, Ajanta Manufacturing Limited and Moser Baer India Limited.
LED Panel Light Drivers Market: Regional Overview
On the basis of geography, the LED panel light drivers market can be segmented as North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan and the Middle East & Africa. Among various regions, Greater China and India are expected to be the largest markets, and Japan is expected to be an emerging market due to the increasing penetration of LED panel lights in the residential and commercial sectors. Production and usage of LED panel lights in Greater China is the highest and urbanisation of infrastructure in the country is expected to propel the demand for lighting products. In the MEA region, there is high demand for LED panel light drivers owing to smart city projects in Qatar and UAE. In terms of value, the North America region is expected to dominate the LED panel light drivers market followed by China and Asia Pacific excluding Japan, and Greater China, the U.S. and India are expected to be among regions holding a significant market share.
The report covers exhaustive analysis on:
LED Panel Light Drivers Market Segments
LED Panel Light Drivers Market Dynamics
Historical Actual Market Size, 2012 - 2016
LED Panel Light Drivers Market Size & Forecast 2017 To 2027
Supply & Demand Value Chain
LED Panel Light Drivers Market Current Trends/Issues/Challenges
Competition & Companies involved
LED Panel Light Drivers Market Value Chain
LED Panel Light Drivers Market Drivers and Restraints
Regional analysis for LED Panel Light Drivers Market includes
North America LED Panel Light Drivers
US
Canada
Latin America LED Panel Light Drivers
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latam
Europe LED Panel Light Drivers
EU – 4 (Germany, France, Italy, Spain)
UK
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep. Etc.)
Rest of Europe
CIS & Russia LED Panel Light Drivers
Japan LED Panel Light Drivers
APEJ LED Panel Light Drivers
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East & Africa LED Panel Light Drivers
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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