Press release
LED Emergency Driver Market to Reflect a Holistic Expansion during 2022-2030
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COVID-19 Impact on the Global LED Emergency Driver Market
The COVID-19 pandemic has affected every industry globally in 2020. As a result of this pandemic, COVID has significantly impacted the global supply chain. China is a hub for the production of raw materials. However, the spread of the pandemic in China has impacted export activities. The lockdowns initiated by the governments of most countries have adversely affected manufacturing activities and the demand for semiconductor devices, which, in turn, is hindering the growth of the LED driver market.
Scope of the Global LED Emergency Driver Market
The study categorizes the LED emergency driver market based on product, end-use and application, at the regional and global levels.
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By Product (Revenue, USD Million, 2017-2030)
External DC fuse
No-external DC fuse
By End-Use (Revenue, USD Million, 2017-2030)
Residential
Industrial
Commercial
By Application (Revenue, USD Million, 2017-2030)
Linear Indoor Fixtures
High Bay Fixtures
Recessed Downlight Fixtures
Others
By Region Outlook (Revenue, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
Slovenia
Slovakia
the Netherlands
Belgium
Norway
Denmark
Czech Republic
Sweden
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Vietnam
The Philippines
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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The Industrial LED, emergency driver systems segment, is witnessed to account for the highest market share by End-use
In 2021, The growing number of construction projects worldwide was promoting the growth prospect for emergency lighting. Owing to the natural light does not maintain a sufficient lighting level. For instance, basements, internal passageways, or shading from nearby buildings. Suppose any work area, including under temporary support structures, for instance, formwork decks, is not sufficiently lit by emergency lighting. In that case, additional emergency lighting should be installed to light the work area to allow a safe exit.
Asia-Pacific accounts for the highest CAGR during the forecast period
Globally, Asia-Pacific is estimated to hold the highest CAGR in the LED emergency driver market due to the governments in the region actively promoting the adoption of emergency lighting. Further, China is the hub of raw materials and suppliers of LEDs, creating a lucrative growth opportunity for the market.
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Key Market Players in the Global LED Emergency Driver Market
Dengfeng Ltd
KinaLED
Assurance Emergency Lighting
Bodine
McWong International
Jialinghang Electronic
IOTA Engineering
AC Electronics
Shenzhen ATA Technologl
Shenzhen KVD Technology
Philips
Fulham
Hatch Lighting
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