Global LED Lighting Drivers Market, By Driving Method (Constant Voltage, Constant Current), By Dimmi

Published Date: | Report Code : IT1958686

X

Market Dynamics:

The Global LED Lighting Drivers Market is expected to promise high growth owing to Increasing demand in developing countries due to the increasing population as well as improvements in the country’s electrical network grid in recent years. Increasing demand from applications including residential lighting, office lighting, commercial lighting, industrial lighting, city lighting, automotive lighting, sports facilities lighting, entertainment lighting, horticulture lighting is expected to drive the growth of the global LED lighting drivers market. This market has witnessed a number of key developments by major companies including Mean Well Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Signify Holding, Delta Electronics, Inc., Osram GmbH, and Harvard Technology Ltd with focus on organic as well as inorganic growth strategies. Developing regions including the Asia Pacific and the Middle East have been among the high potential markets with high growth in some of the key economies.

Segment Analysis:-

A light-emitting diode (LED) is a low-energy, lighting device that has a longer lifespan than conventional lighting devices. It consumes less power than an incandescent lamp. An LED needs a unique power source that is provided with the assistance of LED lighting drivers. An LED lighting driver is an electronic device used to provide the LED or an assortment of LEDs in operation with regulated power supply. By controlling the current / voltage supplied to it, the driver prevents the LED from early breakdown. LED drivers, therefore, guarantee the smooth operation of LEDs by supplying them with a constant amount of power.

During the forecast period, constant current LED drivers are anticipated to be the dominant LED driver via the driving method. The reason why steady the constant current LED drivers to outperform constant voltage LED drivers is that they prevent breaking the peak flow designated for the LEDs, thus preventing burnout / thermal inversion. The dimmable lamps segment is anticipated to dominate the market LED drivers based on dimming type. Lamps with embedded modules are anticipated to grow as fast as fully embedded modules are chosen inside an LED system over conventionally mounted LED devices for end-users as it helps to reduce costs.

It is anticipated that outdoor & road lamps will lead the end-user LED driver market application. In streetlights, each lighting control initiative requires specific solutions that are suitable for the highway. Since different road types such as streets, main roads, and highways require distinct control strategies, many initiatives need various alternatives to bring the complete benefit of energy efficiency.

Europe retained the second-biggest share of the LED lighting driver market in 2018, while the APAC market is anticipated to be the biggest and is estimated to grow at the highest rate over the forecast period. This market growth in APAC can be ascribed to increased demand for energy-saving lighting systems and a growing population. APAC's LED led lighting market is evolving, and the steady progress in this region makes it a promising and high-potential market. The Middle East is still an emerging region with regard to this market.

Key Factors Impacting Market Growth:

  • Increasing demand in developing countries due to the increasing population as well as improvements in the country’s electrical network grid.

  • Energy-efficient lighting solution as compared to conventional devices

  • Favorable government policies regarding the use of LED’s

  • High initiation cost.

Key Developments:

  • In March 2018, Philips Lighting announced the launch of a new Internet of Things (IoT) platform called ‘Interact’. This platform would enable customers to unlock the potential of connected lighting for the IoT. The move would help the company better position itself in the global LED lighting drivers market.

Regional analysis:

By region, the global LED lighting drivers market is estimated to be dominated by North America, Western Europe, and the Asia Pacific during the forecast period. With technological advancements and a cluster of global companies operating in these regions, these regions hold key to the growth and development of global LED lighting drivers market during the forecast period. Most of the leading companies have operations in these regions to cater to the potential end-users in the respective region. The North America global LED lighting drivers market is further segmented by the US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.

The Asia Pacific region is segmented by China, Japan, South Korea, India, and Australia. The Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered: Mean Well Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Signify Holding, Delta Electronics, Inc., Osram GmbH, and Harvard Technology Ltd...

Market Segmentation:

By Driving Method:

  • Constant Voltage

  • Constant Current

By Dimming Method:

  • Dimmable

  • Non-Dimmable

    • DALI,

    • 1-10V

    • TRAIC

    • Trailing-Edge

    • Others

By Application:

  • Residential Lighting

  • Office Lighting

  • Commercial Lighting

  • Industrial Lighting

  • City Lighting

  • Automotive Lighting

  • Sports Facilities Lighting

  • Entertainment Lighting

  • Horticulture Lighting

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Driving Method

    • By Dimming Method

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Driving Method

    • By Dimming Method

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Driving Method

    • By Dimming Method

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Driving Method

    • By Dimming Method

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Driving Method

    • By Dimming Method

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Driving Method

    • By Dimming Method

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global LED lighting drivers market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

 Regional Analysis

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy