Press release
Rising Vehicle Numbers Drive Growth In LED Driver For Lighting Market: An Emerging Driver Transforming The LED Driver For Lighting Market Landscape
LED Driver For Lighting Market Size
What Is the Projected Growth of the LED Driver For Lighting Market?
The LED driver for lighting market has experienced exponential growth in recent years. It is projected to rise from $25.51 billion in 2024 to $30.85 billion in 2025, at a compound annual growth rate (CAGR) of 20.9%. The historic expansion can be attributed to energy efficiency regulations, government incentives and subsidies, growing awareness of environmental concerns, and urbanization alongside infrastructure development.
The LED driver for lighting market is anticipated to experience exponential growth in the coming years. It is expected to grow to $65.16 billion by 2029, at a CAGR of 20.6%. Growth is driven by the increasing demand for energy-efficient lighting, the rise in electronic devices, the adoption of smart systems, and growing use in automotive lighting. Trends include advancements in LED technology, smart lighting integration with IoT, wireless technologies, miniaturization, and versatile designs.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16108
What Are the Different LED Driver For Lighting Market Segments?
The LED driver for lighting market covered in this report is segmented -
1) By Luminaire Type: Type A-Lamps, T-Lamps, Integral LED Modules, Other Luminaire Types
2) By Driving Method: Constant Current LED Driver, Constant Voltage LED Driver
3) By End Use: Commercial Lighting, Industrial Lighting, Residential Lighting, Outdoor And Traffic Lighting, Other End Uses
Subsegments:
1) By Type A-Lamps: Standard A-Lamps, Dimmable A-Lamps, Smart A-Lamps
2) By T-Lamps: T8 Lamps, T5 Lamps, T12 Lamps
3) By Integral LED Modules: Retrofit LED Modules, LED Engine Modules, COB (Chip-On-Board) LED Modules
4) By Other Luminaire Types: Downlights, Panel Lights, Track Lights, Flood Lights, High Bay Lights, Street Lights, Decorative Lights
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16108&type=smp
What Are the Primary Drivers Shaping the LED Driver For Lighting Market?
The rising number of vehicles is expected to propel the growth of the LED driver for lighting market. As the global vehicle fleet increases, the need for advanced lighting solutions in vehicles grows. LED drivers regulate power to LED lights, enhancing performance and longevity. According to the Society of Motor Manufacturers and Traders (SMMT), the number of vehicles in the UK reached an all-time high of 41.44 million in 2023, driving the demand for LED lighting in vehicles.
Which Companies Are Leading in the LED Driver For Lighting Market?
Major companies operating in the LED driver for lighting market are Panasonic Corporation, Toshiba Electronic Devices & Storage Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, Delta Electronics Inc., Analog Devices Inc., ON Semiconductor Corporation, ams AG, Hubbell Inc., ROHM Co. Ltd., Maxim Integrated Products Inc., Diodes Inc., Mean Well Enterprises Co. Ltd., Allegro MicroSystems Inc., Power Integrations Inc., Cree Inc., Elmos Semiconductor SE, Lutron Electronics Co. Inc., Fulham Co. Inc., Helvar Oy AB, Cypress Semiconductor Corporation
What LED Driver For Lighting Market Trends Are Gaining Traction Across Different Segments?
In the LED driver for lighting market, prominent companies are keenly focusing on the advancement and development of innovative technologies, particularly ones that integrate LED lighting systems with IoT (Internet of Things). Such systems aim to enhance energy efficiency, control, and connectivity in lighting solutions. In simpler terms, IoT-integrated LED lighting systems fuse the Internet of Things connectivity with the power-efficiency of LED technology. For example, Delta Electronics, a renowned industrial power system firm based in Taiwan, in August 2023, introduced the EUCO-2.1kW LED drivers, outfitted with the D4i protocol for IoT integration. These are designed for high-powered usage, example, in sports stadiums. Their robust heat sink design and operating temperature range of -40°C to +50° withstand extreme conditions. Moreover, they consist of three independent output channels that support up to 1500W each, thereby providing more flexibility and efficiency for stadium lighting management.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/led-driver-for-lighting-global-market-report
What Are the Top Revenue-Generating Geographies in the LED Driver For Lighting Market?
Asia-Pacific was the largest region in the LED driver for lighting market in 2023. The regions covered in the LED driver for lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the LED Driver For Lighting Market?
2. What is the CAGR expected in the LED Driver For Lighting Market?
3. What Are the Key Innovations Transforming the LED Driver For Lighting Industry?
4. Which Region Is Leading the LED Driver For Lighting Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Rising Vehicle Numbers Drive Growth In LED Driver For Lighting Market: An Emerging Driver Transforming The LED Driver For Lighting Market Landscape here
News-ID: 4039339 • Views: …
More Releases from The Business Research Company
Fireproofing Materials Market Growth to be Driven by Emerging Trends | $2.42 Bil …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Fireproofing Materials Industry?
The market size for fireproofing materials has been on a steady rise in the past few years. It is projected to escalate from $1.21 billion in 2024 to $1.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of…
Polyglycerol Industry Expected to Reach $3.77 Billion by 2029 at 9.1% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Polyglycerol Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the polyglycerol market has seen substantial growth. The market is projected to increase from $2.48 billion in 2024 to $2.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The growth during the…
Emission Control Catalysts Market is Anticipated to Expand upto $45.22 Billion i …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Emission Control Catalysts Industry?
The market size for emission control catalysts has experienced robust growth in the past few years. The market value is set to increase from $27.01 billion in 2024 to $29.48 billion in 2025, reflecting a compound annual growth…
Paper Pigments Industry Growth Outlook: 6% CAGR and $23 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Paper Pigments Market Size 2025?
The market size of paper pigments has been experiencing stable growth in the past few years. The market, which is valued at $17.47 billion in 2024, is predicted to rise to $18.21 billion in 2025, showcasing a compound annual…
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…
