About LED Drivers
An LED (Light-Emitting Diode) driver refer to a self-contained power supply module which controls the power requirement for an LED or collection of LEDs. These LED consumes low energy than conventional lightning and have long lifespan. It responds to the changing needs of the LED circuit, by providing the constant power supply to the LED driver as its electrical properties change with temperature. LED driver market has high growth prospects owing to increasing commercial and industrial applications, emergence of high voltage and programmable Led drivers. Further, increasing demand from the developing countries expected to drive the demand for LED drivers over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global LED Drivers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Osram GmbH (Germany), Harvard Engineering (United Kingdom), Texas Instruments (United States), Maxim Integrated (United States), Macroblock Inc. (Taiwan), Atmel Corporation (United States), General Electric (United States), Cree, Inc. (United States), ROHM Semiconductors (Japan), ON Semiconductor (United States) and AC Electronics (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Elektra Gmbh (Germany), Victory Lighting's (United States) and Peak Electronics Gmbh (Germany).
Segmentation Overview
AMA Research has segmented the market of Global LED Drivers market by and Region.
On the basis of geography, the market of LED Drivers 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 LED Driver will boost the LED Drivers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User Application , the sub-segment i.e. Commercial Lighting will boost the LED Drivers 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 Drivers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emphasizing On Development of High Efficiency Lighting Solutions and Increasing Applications of IoT in LED Lighting
Market Growth Drivers:
Increasing Adoption of LED Lighting For Various Lighting Applications Such As Traffic Lights, Roadways, Parking Lots, and Others and Emergence of High Voltage LED Drivers
Challenges:
Lack of Awareness in Emerging Countries
Restraints:
High Initial Implementation Cost of LED Drivers
Opportunities:
Rise in Demand for Programmable LED Drivers and Increasing Demand from Developing Economies Form Commercial and Industrial Lighting Industry
Market Leaders and their expansionary development strategies
In April 2023, Inventronics, a global leader in reliable and innovative LED driver products, is has acquired of the relevant Digital Systems business in Europe and Asia from ams OSRAM, a global leader in optical solutions. This acquisition demonstrates Inventronics’ commitment to providing exceptional technology and value to its global customer base while leading the transformation to cost-effective, intelligent, connected lighting.
21st April 2019, in central Singapore the first batch of 25,000 street lamps are being converted to light-emitting diode (LED) lighting at a cost of USD 76.3 million. These lights are up to 30 percent brighter watt-for-watt than conventional street lamps.
“On 20 April 2018, Council of Australian Governments (COAG) Energy Ministers agreed to introduce minimum standards for LED lamps in Australia and New Zealand in line with European Union (EU) standards. Timing of the new regulation will align with revised EU minimum standards that will apply to LED light bulbs (planned for September 2020). Although there are currently no MEPS requirements for LED products, they may be subject to safety, electromagnetic compatibility (EMC) and other requirements.”
Key Target Audience
LED Module Manufacturers, Traders, Distributors, and Dealers, LED IC Manufacturers, Lighting Integrators, Government Bodies, Regulatory and Research Organizations, Raw Material Producers, Suppliers, and Distributors, Potential Investors, Industry Associations and Others
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.