The Infinium Global Research analyzes the LED Lighting Driver Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global led lighting driver market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of led lighting driver. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the led lighting driver market during the period. The global LED lighting driver market is projected to grow at a CAGR of 9.3% over the forecast period of 2019-2025.
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Revolutionary and Energy Efficient Source to Enlighten the World
The light-emitting diode is a lighting device with small energy and it requires regulated power supply for good performance. The regulated power supply is provided by LED lighting drivers. LED lighting driver acts as a specialized power supply source for the LED. In the field of LED lighting, it is important to select a good driver for the long term performance of the LED. Further, it helps to save energy for the other works. For operating an LED module it always requires control gear which is called a driver.
In the operation of LED, current can only flow in one direction, which is in turns increase the internal temperature and again lead to a rise in current hence power uptake within the LED is takes place, which further increase in temperature, failing to limit this vicious circle can lead to the destruction of an LED. For the prevention of this situation LED driver is used. The key players in global LED lighting driver market are Harvard Technology Ltd, Mean Well Enterprises Co. Ltd., Cree, Inc., Tridonic GmbH & Co KG, Delta Electronics, Osram GmbH, Signify Holding, Inventronics Inc., Texas Instruments and Maxim Integrated.
April 2019, ST Microelectronics Launched LED1202
ST Microelectronics launched LED1202, a 12 channel LED driver. This driver comes with patented features such as natural and smoother interaction with wearable electronics, smart home devices, and small appliances in order to prevent distracting artifacts in “colour-chasing” or “deep breathing” LED animation. A single LED1202 with 12 output channels helps to drive four RGB LEDs at up to 20mA per channel. It has several advantages such as Phase shifting between channels minimizes current ripple and prevents excessive peak demand, built-in safety features include open-LED detection, over-temperature protection, and a fault-flag pin.
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The factors such as the standard protocol for lighting control, IoT integration, growing demand for energy-efficient lighting systems and increasing adoption of LED lighting in general lighting application drives the growth of the LED lighting driver market. The global LED lighting driver market is expected to be dominated by the backlighting application segment. As in smartphones upgrading features like flexible displays and backlight additionally contributes to the growth of the backlight segment in the global LED lighting driver market.
Further government initiatives for growing awareness about using cost saving and energy-efficient lighting systems among the masses are increasing the LED lighting driver market. However, the high-cost setup and lack of awareness about the installation of LED drivers are the major restraining factor to the growth of LED lighting driver market in the short run. Moreover, continuously growing consumer awareness about energy-efficient products, innovative LED products offered by the industry for energy saving, and government initiatives for energy conservation are expected to boost the demand of the LED lighting driver market.
Segments Make up the LED Lighting Driver Industry
The global LED lighting driver market is segmented by supply type, application, and end-user. On the basis of supply type, it consists of constant voltage and constant current. On the basis of application, it is further sub-segmented into lighting, outdoor display, automotive and consumer electronics. Segmentation by an end user is bifurcated into industrial, residential and commercial.
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Asia-Pacific is A Large Market Player of An LED Lighting Driver
Geographically, the global LED lighting drivers market is segmented into North America, Asia-Pacific, and Europe. The Asia-Pacific is a large market player of an LED lighting driver. Owing to the growing demand for the energy-efficient lighting source for the long term performance in this region. Additionally, the government initiative to provide continuous electricity supply in the rural part of the countries is helping to grow the demand for the LED lighting driver market in this region. Further, the influx of the MNC lighting companies in this region helping to grow the demand for the innovative LED lighting driver market.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the LED Lighting Driver.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.