Global LED Driver Market Segments 2024, Forecast To 2033
5 Mar, 2024
The LED driver market has experienced exponential growth, surging from $6.62 billion in 2023 to $8.22 billion in 2024, with a remarkable 24.1% CAGR. The historic upswing is credited to government initiatives and declining LED component costs. The market is set for further expansion, reaching $18.49 billion in 2028, with a projected CAGR of 22.5%. Anticipated growth stems from advancements in smart lighting, IoT integration, and a focus on sustainable lighting. Trends include increased adoption of DALI and PoE, human-centric lighting, and compatibility with advanced controls.
Global LED Driver Market Key Driver
The level transmitter market is witnessing growth with the increasing adoption of industrial automation. The global industrial automation market is projected to reach $297 billion by 2026, indicating significant growth. Automation adoption drives the demand for level transmitters.
Get A Free Sample Of The Global LED Driver Market ReportGlobal LED Driver Market Segments
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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the LED driver market in 2023. The regions covered in the led driver market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major LED Driver Industry Players
Texas Instruments Incorporated; ams-OSRAM AG; Atmel Corporation; 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; Maxim Integrated; 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; BOKE; LIFUD
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AIOps LED Driver Market Overview
A LED driver is an electrical component that controls power flow to a single LED or a string of LEDs. It is an essential component of an LED circuit and operating one without the other will lead to system failure. They are used to prevent damage by regulating the power of an LED or a string.
LED Driver Global Market Report 2023 provides data on the global led driver market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The led driver market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.