Press release
Constant Current LED Driver Market Size, Trends, Revenue Share Analysis, Forecast, 2020–2027 | Atmel Corp, General Electric, Macroblock, On Semiconductor, etc
The Constant Current LED Driver Market is presumed to garner a revenue of USD 30.93 Billion by 2027 from its valuation of USD 10.87 billion in 2019, registering a CAGR of 12.7%. The increasing adoption of LED lighting in various lighting applications, the increasing demand for energy-efficient lighting systems, and the advancements of IoT and lighting integration are anticipated to drive the growth of the market throughout the forecast timeline. The stringent government policies concerned with energy-saving and energy efficiency and the rising economic development has contributed to the increased adoption of LED lighting.The rising adoption of constant current LED drivers over constant voltage LED drivers is the aversion of breaking the maximum current specified for LEDs by the constant current LED drivers. LED drivers confer several advantages, such as higher reliability, comfortable size, and improved efficiency. These drivers maintain the constant supply of power to the LEDs as the electric properties vary during different temperatures.
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Market Overview:
The information and communication technology sector is expanding at a robust pace over the recent past. Technological advancements in the ICT sector, Artificial Intelligence and robots, increasing demand for smartphones, laptops equipped with latest technologies, and growing adoption of cloud services and IOT are key factors boosting market growth. Rising investments in research and development activities, and increasing usage of internet services, social networking, are fueling global market growth. In addition, rising focus on data security, increasing enhanced techniques to store large amount of data and rising demand for smart and wireless devices are further fueling global Constant Current LED Driver market growth.
Competitive Landscape:
The global Constant Current LED Driver market is extremely competitive and Dominant players in the global Constant Current LED Driver market are developing various strategies such as mergers and acquisitions, new product launches, investment in research and development activities, corporate deals, and partnerships to strengthen their market position and expand their product base.
Key companies operating in the market:
Atmel Corp., General Electric, Macroblock, Inc., On Semiconductor, Koninklijke Philips N.V., Atmel Corporation, Texas Instruments, Inc., Cree Inc., AC Electronics, Maxim Integrated, Inc., Osram Gmbh, Rohm Semiconductors, Harvard Engineering, and others
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Key questions addressed in the global Constant Current LED Driver market report:
What revenue CAGR is the global Constant Current LED Driver market projected to register over the forecast period?
What are the key outcomes of Porter’s Five Force analysis of the global Constant Current LED Driver market?
What are the key restraints hampering global market growth?
Which region is expected to account for largest revenue share between 2021 and 2028?
Which key players are operating in the global Constant Current LED Driver market?
The global Constant Current LED Driver market is further segmented into type and application:
By Power (Revenue, USD Million; 2017-2027)
0-10W
10-60W
60-100W
>100W
By AC Input Voltage (Revenue, USD Million; 2017-2027)
Less than 120 V
120-299V
300 and above
By Dimming Type (Revenue, USD Million; 2017-2027)
No Dimming
0-10V (1-100%)
0-10V
10-100%
01-100%
1-100%
Bluetooth 1-100%
For/Rev Phase
Others
By End-Use (Revenue, USD Million; 2017-2027)
Architecture
Commercial Lighting
Airports and Dockyard
Healthcare
Office
Horticulture
Retail
Others
By Driver Type (Revenue, USD Million; 2017-2027)
External
Internal
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Regional Outlook of Constant Current LED Driver Market:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Constant Current LED Driver Segmentation & Impact Analysis
4.1. Constant Current LED Driver Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing Adoption of LED Lighting in General Lighting Applications
4.2.2.2. Increasing Demand for Energy-Efficient Lighting Systems
4.2.2.3. Convergence of IoT and Lighting
4.2.2.4. Acceptance of Standard Protocols for Lighting Control
4.2.3. Market restraints analysis
4.2.3.1. False Notion About the High Cost for the Installation of LED Driver
4.2.3.2. Volatility in prices of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continued…
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