Press release
LED Driver Market Research Report 2022: Industry Trends, Size, Share, Growth and Forecast 2027
LED Driver Market Report
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download free sample of the report: https://www.imarcgroup.com/led-driver-market/requestsample
Global LED Driver Market Industry Definition and Application:
A self-contained electrical device used in an LED circuit to generate consistent voltage or current is referred to as a light-emitting diode (LED) driver. Resistor, electrolytic capacitor, polarised capacitor, bridge rectifier, Zener diode, etc. are some of an LED driver's main parts. In both home and business settings, an LED driver is frequently utilised for lighting and decorating purposes. They are lightweight, affordable, cost-effective, and simple to install. LED drivers are therefore also used as indicators in automobiles, motorbikes, and other vehicles.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global LED Driver Market Trends and Drivers:
One of the main drivers of the LED driver industry is the rising levels of electricity consumption brought on by the growing world population. Additionally, the use of inexpensive and cost-effective LED lighting solutions is being encouraged by the rising cost of electricity. In addition to this, the growing number of smart city projects is another important driver spurring growth. The global market is also being boosted by the increasing emphasis on using LEDs instead of conventional bulbs in modern cars for improved luminous efficacy and safety. Additionally, the use of LED modular displays is being promoted by the growing trend of digital-out-of-home (DOOH) advertising. In consequence, throughout the anticipated term, this is anticipated to support the LED driver industry.
Browse full report with TOC: https://www.imarcgroup.com/led-driver-market
Global LED Driver Market Segmentation:
The report has segmented the market on the basis on region, component, luminaire type, supply type, end user.
Breakup by Component:
Driver IC
Discrete Components
Others
Breakup by Luminaire Type:
Decorative Lamps
Reflectors
Type A Lamp
T Lamp
Integral LED Modules
Others
Breakup by Supply Type:
Constant Current
Constant Voltage
Breakup by End User:
Residential
Commercial
Industrial
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Who are the Major LED Driver Key players?
AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc. and Texas Instruments Incorporated.
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