Press release
Global LED Lighting Driver Market Gains Impetus from Real Estate Expansion in Emerging Nations
The report compiles valuable information about the global LED lighting driver market, covering growth drivers as well as major restraints. It also includes recommendations and intelligence for the market players. According to the study, the rising penetration of LED lighting products will in turn enable growth in the global LED lighting driver market. LED lighting systems are energy efficient besides cost effective, which are key factors behind their growing popularity. In the coming years, the market is likely to witness impressive opportunities, as governments adopt various initiatives to spread awareness about the benefits of using LED lighting drivers.
On the downside, the high setup cost of LED lighting drivers may impede the growth of the market. Besides this, installation cost of LED drivers is quite high in emerging nations, which may hinder the market’s trajectory to an extent. However, this obstacle as per the report is time bound. Several emerging markets are currently undergoing a developing phase. Meanwhile, the shorter lifespan of a few unsubstantial reactive components such as oscillation coil and electrolyte capacitor may hamper growth of the market.
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Nonetheless, innovations that the market is slated to witness will help it maintain its growth pace in the coming years. For instance, the advent of miniaturized LED lighting drivers will create novel scope of growth for the global LED lighting driver market in the coming years. Driver miniaturization and other developments are likely to have a positive impact on the global LED lighting driver market in the coming years.
In terms of application, the demand from residential sector is expected to rise considerably over the forecast period. The rising installation of LED luminaries and lamps in homes will give significant impetus to the global LED lighting driver market. Regionally, Asia Pacific held dominance in the global market, trailed by Europe in 2017. The expansion of the real estate industry and the increasing research and development spending, besides investment towards infrastructure will give significant impetus to the global LED lighting driver market.
The report also profiles companies such as Cree, Inc., MEAN WELL Enterprises Co. Ltd., Moso Power Supply Technology Co., Ltd., Tridonic GmbH & Co KG, TCI Telecomunicazioni Italia, Lifud Technology Co., Ltd., ERP Power LLC., Moons’ Electric Co., Inventronics Inc., Eaglerise Electric and Electronic (China) Co., Ltd., Delta Electronics, Inc., Osram GmbH, SELF Electronics Co., Ltd., Harvard Technology Ltd., Ltd., and Signify Holding.
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