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LED Driver Market 2025 Report by Driving Factors, Industry Growth, Key Vendors

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Rahul Sharma
LED Driver Market 2025 Report by Driving Factors, Industry Growth, Key Vendors

The global LED driver market size is projected to reach USD 11.31 billion by 2025 and projected to grow with a CAGR of 16.3% from 2019 to 2025, according to Million Insights. In the last decade, LED technology emerged as an energy-efficient substitute to conventional light sources which is driving their demand extensively in display and lighting segments across various industries. Traditional lighting products are replaced by LED lighting owing to their several benefits such as higher energy-efficiency, lower heat output, longer life, directionality and miniaturization.

 

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/led-driver-market/request-sample

 

Market Synopsis of LED Driver Market:

 

Growing demand for IoT-based connected lighting solutions owing to the increasing number of smart homes in developed countries is expected to witness positive impact on market growth. In addition, governments of various countries are investing in smart city projects to improve energy-efficiency which is expected to fuel the demand for LED drivers. Constant LED driver has seen high growth from 2015 to 2018 due to its wide application for outdoor lighting along with high brightness.

 

The consumer electronics application segment is expected to dominate the market due to high demand for LED drivers in display panels and televisions. Several leading industry players are focusing to collaborate with other companies to offer public lighting systems across the globe with remote management for efficient maintenance and energy saving. For example, Philips Lighting N.V. collaborated with Vodafone Limited to install smart street lighting integrated with IoT based technology globally.

 

The demand for highly reliable and energy-efficient with lower cost and smaller system package for application in low to the mid-power range is increasing. Thus, to meet this demand, light-emitting diode driver market players are Power-Factor Correction (PFC) circuitry for higher power quality and Primary-Side Regulation (PSR) to minimize the costs. 

 

View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/led-driver-market

 

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 LED Driver: Market Variables, Trends & Scope              

Chapter 4 LED Driver: Product Estimates & Trend Analysis

Chapter 5 LED Driver: Application Estimates & Trend Analysis

Chapter 6 LED Driver: End-use Estimates & Trend Analysis

Chapter 7 LED Driver: Industrial End-use Estimates & Trend Analysis

Chapter 8 LED Driver: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 LED Driver: Manufacturers Company Profiles

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