Dublin, Dec. 10, 2024 (GLOBE NEWSWIRE) -- The "LED Drivers for Lighting - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for LED Drivers for Lighting is estimated at US$25.8 Billion in 2023 and is projected to reach US$98.1 Billion by 2030, growing at a CAGR of 21.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Infineon Technologies AG, Cypress Semiconductor Corporation, Analog Devices, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the LED drivers market for lighting is driven by several factors, including the ongoing global shift towards energy efficiency, the continued expansion of smart home technology, and increasing regulatory requirements for energy-saving technologies. As governments worldwide implement stricter energy efficiency standards, the demand for advanced LED drivers that can meet these standards is increasing. This regulatory environment, coupled with growing consumer awareness about the benefits of energy conservation, propels the adoption of LED technology across residential, commercial, and industrial sectors.
Additionally, the rising popularity of smart home ecosystems has created a robust market for smart LED drivers that can be controlled via apps and integrated with other home automation systems, providing both convenience and energy savings. Technological advancements that enable the production of more reliable and cost-effective LED drivers also contribute to market growth, making LEDs an increasingly attractive option for a wide range of lighting applications.
Collectively, these factors ensure the continued expansion of the LED drivers market, reflecting the broader trends of energy conservation, technological integration, and environmental responsibility.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Type A-Lamps segment, which is expected to reach US$35.5 Billion by 2030 with a CAGR of a 20.7%. The T-Lamps segment is also set to grow at 19.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.3 Billion in 2023, and China, forecasted to grow at an impressive 25% CAGR to reach $27.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global LED Drivers for Lighting Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global LED Drivers for Lighting Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global LED Drivers for Lighting Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 64 Featured):
- Infineon Technologies AG
- Cypress Semiconductor Corporation
- Analog Devices, Inc.
- Cree, Inc.
- Delta Electronics, Inc.
- Hubbell, Inc.
- ams AG
- Diodes, Inc.
- Allegro MicroSystems, Inc.
- Lutron Electronics Co. Inc.
- Elmos Semiconductor SE
- Helvar Oy AB
- GE Current, a Daintree company
- Fulham Co., Inc.
- Apricot Technologies Limited
Key Attributes
| Report Attribute | Details |
| No. of Pages | 661 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $25.8 Billion |
| Forecasted Market Value (USD) by 2030 | $98.1 Billion |
| Compound Annual Growth Rate | 21.0% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- LED Drivers for Lighting - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Burgeoning Demand for LED Lighting Drives the Global LED Drivers Market
- Constant Current LED Drivers Dominate the Market
- Europe and the US Dominate the LED Drivers Market, Asia-Pacific to Exhibit the Fastest Growth
- Type A Lamps Dominate, While Lamps with integrated Modules to Drive Market Expansion
- Outdoor Segment to Exhibit the Fastest Growth
- Key Challenges
- Competitive Landscape
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increased Adoption of LED Lighting Due to Superior Attributes over Traditional Lighting Technologies Drive Market Growth
- LED and Other Lighting Technologies: A Comparison
- Focus on Energy Efficiency Drives Demand for Ultra-High-Efficiency LED Drivers
- Global Electricity Demand by Region/Country (2016-2040): Breakdown of Demand (Thousand TWh) for Australia, Brazil, Canada, China, Europe, India, Japan, Middle East & North Africa, South East Asia, USA, and Rest of World
- Expanding Applications of LED Lighting Expands the Addressable Market Opportunity for LED Drivers
- Smart LED Drivers Grow in Commercial Value as IoT Based Lighting Rises in Popularity
- Rapidly Evolving Smart Lighting Opportunity Drives Demand for IoT Optimized LED Drivers with Standardized Communication Interfaces: Global Smart Lighting Smart (In US$ Billion) for the Years 2017, 2019, 2022 & 2024
- Rise of Smart Cities with Smart Lighting Needs to Boost Opportunities for LED Drivers
- LED Drivers Benefit from the Increased Penetration of LEDs in Street Lighting Application Hitherto Dominated by HID Lights
- Cities Switch towards LEDs to Modernize and Make Street Lighting Smart
- Myriad Benefits Drive Increased Demand for LED Drivers in Industrial Automation
- Growing use of Miniaturized LED Lighting Drivers
- Exponential Increase in Urbanization Drive Development of Higher Quality, More Efficient, and Longer Lasting LED Solutions
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1990, 2018 & 2050
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Need to Support Plant Protection and Health in Controlled Environment Spurs LED Drivers Demand in Horticulture Applications
- LED Drivers Find New Opportunities in Architectural and Landscape Lighting
- Growing Popularity of LED Drivers in Retail Display Segment
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/3w6usl
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