Global LED Lighting Drivers Market was valued US$ XX Bn in 2018 and is expected to reach US$ 28.4 Bn by 2026, at a CAGR of around XX % during a forecast period.
Global LED Lighting Drivers Market
The report covers all the dynamics, trends, and technologies playing a major role in the detail growth of the LED lighting drivers market during the forecast period. The LED lighting drivers market is driven by improved penetration of LED lighting products. LED lighting systems are gaining popularity owing to their energy efficiency and cost-saving. Moreover, government initiatives for increasing awareness about using energy-efficient and cost-saving lighting systems are expected to boost the LED lighting drivers market during the forecast period.
However, one of the key factors hindering the LED lighting drivers market is high initial setup cost. It is likely to be a restraint of the market in numerous developing countries in the short run. Instead, increasing use of miniaturized LED lighting drivers is one of the major opportunities for the LED lighting drivers market globally. Driver miniaturization is likely to create new opportunities for manufacturers operating in the market shortly.
Based on application, automotive lighting segment accounts for the largest market share of XX% in 2018. The LED lighting market in the automobile industry is increasing as LED’s are initiating to be used in mass-market automobiles.
Region-wise, the Asia Pacific captured the highest share in the global LED lighting market owing to significant population growth, huge private sector LED lighting projects as well as the suitable government policies. Increased automobile production across economies such as China, India, Japan, and Korea combined with the rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across the APAC. Followed by the APAC, Europe stood at the second position in the revenue of the global LED lighting market as the demand for LED lights are gaining traction, especially for architectural and commercial lighting functions.
The report has covered the recent development in the LED Lighting Drivers market in detail like in May 2018, Cree expanded its SmartCast intelligence platform, with various capabilities, such as wireless enabling smart building solutions catering to the growing demand from internet of things (IoT). This is expected to boost its presence and foster financial growth.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global LED Lighting Drivers Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global LED Lighting Drivers Market.
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Scope of the Global LED Lighting Drivers Market
Global LED Lighting Drivers Market, by Driving Method
• Constant Voltage
• Constant Current
Global LED Lighting Drivers Market, by Dimming Method
• Non-dimmable
• Dimmable
o DALI
o 1-10V
o TRIAC
o Trailing Edge
o Others
Global LED Lighting Drivers Market, by Driver Type
• External
• Internal
Global LED Lighting Drivers Market, by Technology
• Smart
• Conventional
Global LED Lighting Drivers Market, by Application
• Residential Lighting
• Office Lighting
• Commercial Lighting
• Industrial Lighting
• City Lighting
• Automotive Lighting
• Sports Facilities Lighting
• Entertainment Lighting
• Horticulture Lighting
• Others
Global LED Lighting Drivers Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global LED Lighting Drivers Market
• Mean Well Enterprises Co., Ltd.
• Cree, Inc.
• Inventronics Inc.
• Tridonic GmbH & Co KG
• Moso Power Supply Technology Co., Ltd.
• Eaglerise Electric and Electronic (China) Co., Ltd.
• TCI TelecomuniczioniItalia
• Delta Electronics, Inc.
• Osram Sylvania Inc.
• Lifud Technology Co., Ltd.
• SELF Electronics Co., Ltd.
• ERP Power LLC. Harvard Technology Ltd.
• Harvard Technology Ltd.
• Moons’ Electric Co., Ltd.
• Signify Holding
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