Press release
What's Top Companies in LED Driver Market doing to Stay ahead in Global Industry? Osram GmbH, Harvard Engineering, Texas Instruments, Maxim Integrated, Macroblock Inc
Several energy-saving government initiatives taken to ban conventional halogen bulbs are expected to propel the growth of the LED driver market.
In addition, increase in demand for energy-efficient lighting systems boost the growth of the LED driver market. However, high cost for the installation of LED driver is expected to hinder the market growth.
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The major companies profiled in the LED driver market include Osram GmbH, Harvard Engineering, Texas Instruments, Maxim Integrated, Macroblock Inc., Atmel Corporation, General Electric, Cree Inc., ROHM Semiconductors, ON Semiconductor, and others.
Strategies by Top Growing Companies: New product launch, product development, business expansion, and business acquisition are the growth strategies adopted by the key players.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the LED driver market share with current trends and future estimations to depict the imminent investment pockets.
The overall potential is determined to understand the profitable trends to gain a stronger foothold in the LED driver industry.
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The LED driver market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The LED driver market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Some of the factors that drive the growth of the LED driver market include growth in adoption of LED lighting in general lighting applications; increase in demand for energy-efficient lighting systems, convergence of IoT, and lighting; and acceptance of standard protocols for lighting control. However, false notion about the high cost for the installation of LED driver is expected to restrain the market growth.
Furthermore, development of wireless technologies and development of programmable LED drivers provide lucrative opportunities for the growth of the LED driver market.
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The LED driver market is segmented based on driving method, luminaire type, components, end user, and region.
Based on driving method, the market is bifurcated into constant current and constant voltage.
By luminaire type, it is categorized into A-type, T-lamps, reflectors, and integral modules.
Based on components, it is classified into driver IC and discrete.
Based on end user, it is divided into commercial lighting, industrial lighting, residential lighting, outdoor & traffic lighting, and others.
Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.
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