About LED Lighting Driver
An LED lighting driver is a self-contained power supply that regulates the power required for an LED or array of LEDs. The LEDs are low energy, lighting devices with a long lifespan and low energy consumption, hence the requisite for specialized power supplies. An LED lighting driver is somewhat similar to cruise control in a car, the power level required changes throughout the LED’s temperature increases and decreases. Without the correct LED lighting driver the LEDs would become too hot and unbalanced resulting in failure and bad performance. To make sure the LEDs function perfectly the self-contained LED lighting driver is required to supply a maintained constant amount of power to the LED.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players of LED lighting driver are focusing on strategic partnerships, joint ventures, and new product launches to improve their products and services along with focusing on increasing their client base to strengthen market position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global LED Lighting Driver market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), Osram GmbH (Germany), Harvard Power Systems Ltd. (United Kingdom), Texas Instruments, Inc. (United States), Maxim Integrated, Inc. (United States), Macroblock, Inc. (Taiwan), Atmel Corporation (United States), General Electric (United States), Rohm Semiconductors (Japan) and ON Semiconductor (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cree, Inc. (United States) and AC Electronics (United States).
Segmentation Overview
AMA Research has segmented the market of Global LED Lighting Driver market by Type (Internal LED Drivers and External LED Drivers), Application (Commercial Lighting, Industrial Lighting, Residential Lighting, Outdoor & Traffic Lighting and Others) and Region.
On the basis of geography, the market of LED Lighting Driver has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Driving Method, the sub-segment i.e. Constant Current will boost the LED Lighting Driver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dimming Method, the sub-segment i.e. Non-Dimmable will boost the LED Lighting Driver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Luminaire Type, the sub-segment i.e. Type A-Lamps will boost the LED Lighting Driver market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of IoT and Lighting
Market Growth Drivers:
Rising Adoption of LED Lighting in General Lighting Applications and Growing Demand for Energy-Efficient Lighting Systems
Challenges:
Lack of Common Standards among Many Manufacturers
Restraints:
False Conception about the High Cost for the Installation of LED Lighting Driver
Opportunities:
The Emergence of Programmable LED Lighting Drivers
Market Leaders and their expansionary development strategies
In June 2022, Ams Osram has agreed to sell its European and Asian LED driver business to China’s Inventronics, marking ams Osram’s latest unloading of lighting operations as it focuses on chip-level activity in LEDs, lasers, and sensors. The acquisition expands the product portfolio.
In May 2023, Hawthorne, CA Fulham, a leading supplier of versatile, multi-purpose lighting components and electronics, has launched of four newly-improved LED driver families: WorkHorse, ThoroLED, PONY™, and SugarCube. The robust new drivers within these product lines meet an urgent industry need for energy-efficient and eco-friendly lighting solutions.
Key Target Audience
Manufacturers of LED Lighting Driver, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of LED Lighting Driver, Electronic Industry, Governmental Bodies and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.