LED Driver Market, By Component, By Supply Type, By Application, By Geography

Description

The Global LED Driver Market is estimated to be valued at US$ 17.04 Bn in 2024 and is expected to reach US$ 69.18 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 22.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 17.04 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	22.20%	2031 Value Projection:	US$ 69.18 Bn

Figure. LED Driver Market Share (%), By Region 2024

The global LED driver market has been witnessing significant growth over the past few years owing to factors such as rising demand for energy-efficient lighting solutions, government policies and initiatives toward LED adoption, increasing acceptance of smart lighting systems, and technological advancements in LED lighting. LED lights are becoming extremely popular across various industries as they consume less power and have a longer operational life as compared to traditional incandescent and CFL lights.

Market Dynamics:

The global LED driver market growth is primarily driven by growing adoption of LED lighting owing to various benefits such as high energy efficiency, long lifespan, compact size, and environmental friendliness. Government policies and initiatives in various countries promoting the use of LED lights to reduce energy consumption are also fueling market growth. For instance, governments are implementing programs offering subsidies and tax rebates on purchase of LED lights. Moreover, increasing acceptance of smart and connected lighting systems integrated with sensors and wireless technologies is augmenting the demand for advanced LED drivers. On the other hand, availability of cheap imitation products and high total installation cost of LED lights are some of the factors hindering the wider adoption of these lights. However, ongoing technological advancements leading to higher luminous efficiency, luminous flux, and better dimming solutions are expected to create new opportunities for LED driver manufacturers over the coming years.

Key features of the study:

This report provides in-depth analysis of the global LED driver market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.

It profiles key players in the global LED driver market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.

Key companies covered as a part of this study include Acuity Brands Lighting Inc., Cree, Inc., Eaton Corporation Plc, Harvard Engineering, Hubbell Incorporated, Lutron Electronics Co. Inc., Macroblock, Inc., MEAN WELL Enterprises Co. Ltd, Osram GmbH, Signify Holding, Texas Instruments, Tridonic GmbH & Co. KG, U.S. LED, ERP Power LLC, and Delta Electronics, Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.

The global LED driver market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LED driver market.

Detailed Segmentation:

By Component
- Driver IC
- Discrete Component
- Others
By Supply Type
- Constant Current
- Constant Voltage
By Application
- Consumer Electronics
- Lighting
- Automotive
- Outdoor Displays
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Acuity Brands Lighting Inc.
- Cree, Inc.
- Eaton Corporation Plc
- Harvard Engineering
- Hubbell Incorporated
- Lutron Electronics Co. Inc.
- Macroblock, Inc.
- MEAN WELL Enterprises Co. Ltd
- Osram GmbH
- Signify Holding
- Texas Instruments
- Tridonic GmbH & Co. KG
- U.S. LED
- ERP Power LLC
- Delta Electronics, Inc.

Product Code: CMI5125

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Component
- Market Snippet, By Supply Type
- Market Snippet, By Application
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Led Driver Market, By Component, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Driver IC
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Discrete Component
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Led Driver Market, By Supply Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Constant Current
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Constant Voltage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Led Driver Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Consumer Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Lighting
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Outdoor Displays
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Led Driver Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Supply Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Supply Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Supply Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Supply Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Component, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Supply Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Acuity Brands Lighting Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cree, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Eaton Corporation Plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Harvard Engineering
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hubbell Incorporated
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lutron Electronics Co. Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Macroblock, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- MEAN WELL Enterprises Co. Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Osram GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Signify Holding
- Texas Instruments
- Tridonic GmbH & Co. KG
- U.S. LED
- ERP Power LLC
- Delta Electronics, Inc.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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