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PUBLISHER: IMARC | PRODUCT CODE: 1702009
PUBLISHER: IMARC | PRODUCT CODE: 1702009
LED Driver Market Report by Component, Luminaire Type, Supply Type, End User, and Region 2025-2033
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PAGES: 149 Pages
DELIVERY TIME: 2-3 business days
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The global LED driver market size reached USD 14.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 57.2 Billion by 2033, exhibiting a growth rate (CAGR) of 16.01% during 2025-2033.
A light-emitting diode (LED) driver is a self-contained electrical device incorporated in an LED circuit to provide constant current or voltage. Its components generally include a resistor, electrolytic capacitor, bridge rectifier, Zener diode, and polarized capacitor. It is compact, lightweight, cost-effective, energy-efficient, and easy to install and requires low maintenance. As a result, it is widely used in residential and commercial buildings for lighting and decorative purposes. It is also utilized in cars, bikes, and various other automobiles as an indicator around the world.
LED Driver Market Trends:
The escalating demand for LED lighting solutions on account of a significant rise in power consumption, increasing global population, changing climatic conditions, and improving lifestyles of individuals represents one of the key factors impelling the market growth. In addition, inadequate power generation that has led to higher electricity prices is facilitating the adoption of energy-efficient LED lighting solutions worldwide. This, along with the rapid expansion of smart city projects and initiatives undertaken by government of numerous countries to encourage the use of energy-efficient technologies and ban inefficient lighting solutions, is contributing to the market growth. Apart from this, the growing emphasis on relacing conventional bulbs with LEDs in modern vehicles for high luminous efficiency and increasing safety is catalyzing the demand for LED drivers across the globe. This can also be attributed to boosting sales of passenger vehicles worldwide on account of rapid urbanization and improving urban road infrastructure. Furthermore, the rising number of outdoor events, coupled with the emergence of digital-out-of-home (DOOH) advertising, is augmenting the use of LED modular displays. This, in confluence with the growing awareness about the importance of energy conservation, is creating a positive influence on the market.
Key Market Segmentation:
Breakup by Component:
- Driver IC
- Discrete Components
- Others
Breakup by Luminaire Type:
- Decorative Lamps
- Reflectors
- Type A Lamp
- T Lamp
- Integral LED Modules
- Others
Breakup by Supply Type:
- Constant Current
- Constant Voltage
Breakup by End User:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AC Electronics, ams AG, Hatch Lighting, Lutron Electronics Co. Inc., Macroblock Inc., Maxim Integrated Products Inc. (Analog Devices Inc.), Microchip Technology Inc., NXP Semiconductors N.V., Rohm Co. Ltd., Semiconductor Components Industries LLC, Signify N.V., SMART Global Holdings Inc., and Texas Instruments Incorporated.
Key Questions Answered in This Report
- 1.What was the size of the global LED driver market in 2024?
- 2.What is the expected growth rate of the global LED driver market during 2025-2033?
- 3.What are the key factors driving the global LED driver market?
- 4.What has been the impact of COVID-19 on the global LED driver market?
- 5.What is the breakup of the global LED driver market based on the component?
- 6.What is the breakup of the global LED driver market based on the luminaire type?
- 7.What is the breakup of the global LED driver market based on the supply type?
- 8.What is the breakup of the global LED driver market based on the end user?
- 9.What are the key regions in the global LED driver market?
- 10.Who are the key players/companies in the global LED driver market?
Product Code: SR112025A4904
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global LED Driver Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Driver IC
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Discrete Components
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Luminaire Type
- 7.1 Decorative Lamps
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Reflectors
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Type A Lamp
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 T Lamp
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Integral LED Modules
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Supply Type
- 8.1 Constant Current
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Constant Voltage
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End User
- 9.1 Residential
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Industrial
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AC Electronics
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 ams AG
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.3 Hatch Lighting
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Lutron Electronics Co. Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Macroblock Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Maxim Integrated Products Inc. (Analog Devices Inc.)
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 SWOT Analysis
- 15.3.7 Microchip Technology Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 NXP Semiconductors N.V.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Rohm Co. Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Semiconductor Components Industries LLC
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Signify N.V.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 SMART Global Holdings Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Texas Instruments Incorporated
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.1 AC Electronics
Product Code: SR112025A4904
List of Figures
- Figure 1: Global: LED Driver Market: Major Drivers and Challenges
- Figure 2: Global: LED Driver Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: LED Driver Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: LED Driver Market: Breakup by Component (in %), 2024
- Figure 5: Global: LED Driver Market: Breakup by Luminaire Type (in %), 2024
- Figure 6: Global: LED Driver Market: Breakup by Supply Type (in %), 2024
- Figure 7: Global: LED Driver Market: Breakup by End User (in %), 2024
- Figure 8: Global: LED Driver Market: Breakup by Region (in %), 2024
- Figure 9: Global: LED Driver (Driver IC) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: LED Driver (Driver IC) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: LED Driver (Discrete Components) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: LED Driver (Discrete Components) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: LED Driver (Other Components) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: LED Driver (Other Components) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: LED Driver (Decorative Lamps) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: LED Driver (Decorative Lamps) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: LED Driver (Reflectors) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: LED Driver (Reflectors) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: LED Driver (Type A Lamp) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: LED Driver (Type A Lamp) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: LED Driver (T Lamp) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: LED Driver (T Lamp) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: LED Driver (Integral LED Modules) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: LED Driver (Integral LED Modules) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: LED Driver (Other Luminaire Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: LED Driver (Other Luminaire Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: LED Driver (Constant Current) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: LED Driver (Constant Current) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: LED Driver (Constant Voltage) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: LED Driver (Constant Voltage) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: LED Driver (Residential) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: LED Driver (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: LED Driver (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: LED Driver (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Global: LED Driver (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Global: LED Driver (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: North America: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: North America: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: United States: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: United States: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: Canada: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: Canada: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Asia-Pacific: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Asia-Pacific: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: China: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: China: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Japan: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Japan: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: India: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: India: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: South Korea: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: South Korea: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: Australia: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: Australia: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Indonesia: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Indonesia: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Others: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Others: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Europe: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Europe: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Germany: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Germany: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: France: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: France: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: United Kingdom: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: United Kingdom: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Italy: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Italy: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Spain: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Spain: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Russia: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Russia: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Others: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Others: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Latin America: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Latin America: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Brazil: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Brazil: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Mexico: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Mexico: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Others: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Others: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Middle East and Africa: LED Driver Market: Sales Value (in Million USD), 2019 & 2024
- Figure 84: Middle East and Africa: LED Driver Market: Breakup by Country (in %), 2024
- Figure 85: Middle East and Africa: LED Driver Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 86: Global: LED Driver Industry: SWOT Analysis
- Figure 87: Global: LED Driver Industry: Value Chain Analysis
- Figure 88: Global: LED Driver Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: LED Driver Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: LED Driver Market Forecast: Breakup by Component (in Million USD), 2025-2033
- Table 3: Global: LED Driver Market Forecast: Breakup by Luminaire Type (in Million USD), 2025-2033
- Table 4: Global: LED Driver Market Forecast: Breakup by Supply Type (in Million USD), 2025-2033
- Table 5: Global: LED Driver Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 6: Global: LED Driver Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: LED Driver Market: Competitive Structure
- Table 8: Global: LED Driver Market: Key Players
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