Press release
LED Driver Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
LED Driver Market Size
The growth of smart homes is anticipated to boost the growth of the LED driver market. A smart home comprises a system of network connected devices and appliances that can be remotely operated via the internet, providing the user with total control. LED drivers, which regulate and manage the power necessary for LEDs, are commonly used in these homes, suggesting that a rise in smart homes will drive market expansion. For instance, Europe-based company Oberlo, which provides drop shipping integration services, noted a 6.69% increase in US smart home households in 2021, climbing from 53.8 million homes in 2021 to 57.4 million in 2022. As such, the escalating number of smart homes is contributing to LED driver market growth.
Get Your LED Driver Market Report Here:
https://www.thebusinessresearchcompany.com/report/led-driver-global-market-report
What Is the projected market size and growth rate for the led driver market?
The market size for LED drivers has seen a significant expansion in the past few years. The market, which was valued at $8.1 billion in 2024, is projected to reach $9.99 billion in 2025, with a compound annual growth rate (CAGR) of 23.3%. Factors contributing to this growth during the historic period include government policies and regulations, a decrease in the cost of LED components, greater environmental consciousness, increased urbanization and infrastructural development, as well as a heightened demand for energy efficiency.
The LED driver market is projected to witness significant expansion in the coming years, skyrocketing to a market value of $21.9 billion by 2029 with a compound annual growth rate (CAGR) of 21.7%. The projected growth within the forecast period is due to improvements in intelligent lighting systems, broader IoT integration, increasing demand for eco-friendly lights, enhancement in energy efficiency, and the rise of connected cities. The forecast period is also predicted to see a surge in the acceptance of DALI and PoE, the emergence of human-centric lighting, compatibility with innovative controls, a rise in IoT implementation in lighting, and advancements in wireless technologies.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9457&type=smp
What new trends are reshaping the led driver market and its opportunities?
The surge of technological innovations is becoming a prominent trend within the LED driver market. Key players in this sector are concentrating their efforts towards creating novel tech-based solutions in order to solidify their marketplace standing. An example of this would be the launch of CCT-ZL2, an LED driver chip incorporating a patented CommonCathode Technology, by SiliconCore Technology Inc., a US-based LED display panel supplier in May 2022. The updated model fosters a safe and efficient way to coordinate and govern IoT devices, utilizing the LoRAWAN protocol, a long-distance, broad-area networking technology that is best suited for connecting IoT devices found in out-of-reach areas. The CCT-ZL2 is a small yet multifunctional device capable of incorporating a range of IoT devices such as sensors, actuators, and gateways.
What major market segments define the scope and growth of the led driver market?
The LED driver market covered in this report is segmented -
1) By Supply Type: Constant Current, Constant Voltage
2) By Luminaire Type: Decorative Lamps, Integral LED Modules, Reflectors, T Lamps, Type A Lamp
3) By Application: Automotive, Consumer Electronics, Lighting Outdoor Display
4) By End User: Residential Lighting, Outdoor And Traffic Lighting, Industrial Lighting, Commercial Lighting, Other End Users
Subsegments:
1) By Constant Current: Buck LED Drivers, Boost LED Drivers, Buck-Boost LED Drivers
2) By Constant Voltage: LED Power Supply Units, Linear LED Drivers, Switching LED Drivers
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9457
Which region dominates the led driver market?
Asia-Pacific was the largest region in the LED driver market in 2024. The regions covered in the led driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the led driver industry growth?
Major companies operating in the LED driver market include Texas Instruments Incorporated, ams-OSRAM AG, GE Current, ROHM Co Ltd., Macroblock Inc., Semiconductor Components Industries LLC, Cree LED, Signify Holding, Samsung Corporation, Lutron Electronics Co Ltd., NXP Semiconductors, STMicroelectronics, ACE LEDS, BOKE Drivers Co Ltd., Osram GmbH, General Electric Company, ROHM Semiconductors, ON Semiconductor, AC Electronics, Hubbell Inc., Eaton Corporation PLC, Crestron Electronics Inc., Tridonic, Mean Well Enterprises Co. Ltd., Inventronics, Philips, LIFUD
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9457&type=smp
What Is Covered In The LED Driver Global Market Report?
• Market Size Forecast: Examine the led driver market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the led driver market for a structured understanding.
• Key Players Overview: Analyze major players in the led driver market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the led driver market.
• Segment Contributions: Evaluate how different segments drive overall growth in the led driver market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the led driver market.
• Industry Challenges: Identify potential risks and obstacles affecting the led driver market.
• Competitive Landscape: Review strategic developments in the led driver market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 LED Driver Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3892213 • Views: …
More Releases from The Business Research Company
Increasing Number Of Surgeries In Anesthesia Machines Market: Strengthening the …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Anesthesia Machines Market Through 2025?
In recent times, the market size for anesthesia machines has seen a quick expansion. This growth is expected to escalate from a worth of $6.47 billion in 2024 to a value of $7.3 billion in 2025, with…
Surge In Hospital-Acquired Infections Propels Growth In The Steam Autoclave Mark …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Steam Autoclaves Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of steam autoclaves has shown robust growth lately. The market is projected to rise from a value of $3.24 billion in 2024 to reach $3.49 billion in 2025, growing at a compound…
Soaring Demand Set to Propel Single Use Filtration Assemblies Market to $10.08 B …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Single Use Filtration Assemblies Market Through 2025?
The market size for single use filtration assemblies has seen a swift expansion in the past few years. It is projected to increase from $4.92 billion in 2024 to $5.56 billion in 2025, indicating a…
3D Orthopedics/Prosthetics: A Leading Driver Behind Rise In Trauma Cases And Acc …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the 3D Orthopedics/Prosthetics Industry Market Size Be by 2025?
The steady expansion of the 3D orthopedics/prosthetics market in recent years has been noteworthy. The market value is slated to increase from $0.97 billion in 2024 to $1 billion in 2025, reflecting a compound annual growth rate (CAGR)…
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…
