Press release
Lucintel Forecasts LED Driver Market to Reach $21.9 Billion by 2027
According to the recent study the LED driver market is projected to reach an estimated $21.9 billion by 2027 from $9.6 billion in 2021, at a CAGR of 15% from 2021 to 2027. Growth in this market is primarily driven by increasing building and construction activities, favorable government regulation for energy efficiency, and increasing adoption of LED lightings in emerging countries.Browse 113 figures / charts and 98 tables in this 183 -page report to understand trends, opportunities and forecast in LED driver market by supply type (constant current and constant voltage), luminaire type (type A lamp, decorative lamp, T lamp, reflectors and others), applications (general lighting, automotive lighting and backlighting), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/led-driver-market.aspx
"Constant current market is expected to remain the largest segment during the forecast period."
Based on supply type, the LED driver market is segmented into constant current and constant voltage. Lucintel forecasts that the constant current is expected to witness the largest segment over the forecast period and it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
"Within the LED driver market, the general lighting segment is expected to remain the largest application"
Based on application, the general lighting segment is expected to witness the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of the LED driver for building and lighting management system, and decreasing price of LEDs.
"Asia Pacific will dominate the LED driver market in near future"
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in automotive and building & construction industry. Production and consumption of LED lighting in China is highest; modernization of infrastructure is expected to propel the demand for lighting products in China.
Download Brochure of this report by clicking on https://www.lucintel.com/led-driver-market.aspx
Major players of LED driver market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Texas Instruments, Toshiba Semiconductor, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major LED driver providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/led-driver-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
Home Automation Market:
For more details click here https://www.lucintel.com/home-automation-market.aspx
Micro LED Market:
For more details click here https://www.lucintel.com/micro-led-market.aspx
GPS Tracking Device Market:
For more details click here https://www.lucintel.com/gps-tracking-device-market.aspx
Connector Market:
For more details click here https://www.lucintel.com/connector-market.aspx
Smart Lighting Market:
For more details click here https://www.lucintel.com/smart-lighting-market.aspx
Smart Home Market:
For more details click here https://www.lucintel.com/smart-home-market-2020-2025.aspx
Advanced IC Packaging Market:
For more details click here https://www.lucintel.com/advanced-packaging-market.aspx
Moisturizing Active Ingredient Market:
For more details click here https://www.lucintel.com/moisturizing-active-ingredient-market.aspx
PCB Connector Market:
For more details click here https://www.lucintel.com/pcb-connector-market.aspx
GaN Substrate Market:
For more details click here https://www.lucintel.com/gan-substrate-market.aspx
Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
Lucintel's broad scope of services help you plan your growth - not only in the markets you should pursue, but also the technology and strategy required for success. For more than 12 years, our industry knowledge and expertise has helped thousands of clients create the equation for measurable results. Let us create an equation for you that meets your goals.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lucintel Forecasts LED Driver Market to Reach $21.9 Billion by 2027 here
News-ID: 2611195 • Views: …
More Releases from Lucintel
Lucintel Forecasts the Global Truck Substation Market is expected to grow with a …
According to a market report by Lucintel, the future of the global truck substation market looks promising with opportunities in the energy, infrastructure, and industrial markets. The global truck substation market is expected to grow with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are growing demand for reliable electricity transmission in remote areas and on-going advancement in power electronics, communication systems, and control…
Lucintel Forecasts the Global Underhood Work Light Market is expected to grow wi …
According to a market report by Lucintel, the future of the global underhood work light market looks promising with opportunities in the super and hypermarket, convenience store, specialist retailer, online retailer, and directly sale markets. The global underhood work light market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are growing demand for efficient automotive maintenance tools owing to…
Lucintel Forecasts the Global Steering Unit for Agriculture Machinery Market is …
According to a market report by Lucintel, the future of the global steering unit for agriculture machinery market looks promising with opportunities in the small tractor, backhoe loader, and combine and harvester markets. The global steering unit for agriculture machinery market is expected to grow with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing mechanization and modernization of agricultural practices and on-going…
Lucintel Forecasts the Global Urban Microgrid System Market is expected to grow …
According to a market report by Lucintel, the future of the global urban microgrid system market looks promising with opportunities in the public utility, shopping mall, and hotel markets. The global urban microgrid system market is expected to grow with a CAGR of 21.0% from 2024 to 2030. The major drivers for this market are rising demand for resilient, sustainable, and decentralized energy solutions and growing need to modernize the…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
