LED Driver Market

1. Analysis of LED Driver Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~ 20% During 2023-2035 and Attain ~USD 70 Billion by 2035 Research Nester assesses the growth and market size of the global LED driver market which is anticipated to be on account of the growing elimination of fluorescent lighting and increasing adoption of the LEDs as the main lighting technology. New York – May 29, 2023 - Research Nester’s recent market research analysis on “LED Driver Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global LED driver market in terms of market segmentation by driver type, luminaire type, component, control feature, application, end-user, and by region. Growing Penetration of LEDs to Promote Global Market Share of LED Driver The global LED driver market is estimated to grow majorly on account of the surge in the demand for LED lighting not only in the residential sector but also across commercial and industrial sectors. For instance, by 2030, LEDs are anticipated to make up 87% of lighting sources. Moreover,it was found that LED contributed to about ~51% of global lighting sales in 2020, with integrated LED luminaires holding the increased share. Furthermore, so as to remain in line with the Net Zero Emissions by 2050 Scenario forwarded by the International Energy Agency which ensures that by 2025 all countries sell only LEDs, the demand and usage of LED drivers is increased and is expected to drive the market growth. Some of the major growth factors and challenges that are associated with the growth of the global LED driver market are:

2. Growth Drivers: Growing Demand from the Building & Construction Sector Expansion in the Adoption of Smart Technologies in Smart Cities Growing Sales of Electronics Challenges: The rising concern about the lack of standardization in the manufacturing of the LED driver, and the concern about the possible premature failures of LED drivers owing to high internal operating temperature are some of the major factors anticipated to hamper the global market size of LED drivers. Access our detailed report at: https://www.researchnester.com/reports/led-driver- market/5039 By driver type, the global LED driver market is segmented into constant voltage and constant current. The constant current segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The rising adoption of this driver type in industrial LED lighting applications as they avoid burnout/thermal runaway and are easier for designers to control applications is expected to propel the segment’s growth. By end-user, the market is segmented into residential, commercial, and industrial. Amongst these 3 segments, the commercial segment is forecasted to pull in the majority of the share owing to the increasing adoption of high-efficiency, and less energy-consumption LEDs in commercial spaces.

3. By region, the Asia Pacific LED driver market is to generate the highest revenue by the end of 2035. This growth is anticipated by high priority to electronics hardware by the governments in the countries such as China along with the rise in the electronic manufacturing industries in the region. China is the largest manufacturing hub of the world's electronics, producing ~36% of global electronic products and making the country the largest node in the global electronics supply chain. The LED driver market in North America is projected to be the second- largest growing market by the end of 2035. The market growth in the region is attributed to the growing urbanization and increasing development of smart infrastructures. Furthermore, the European regional market is anticipated to hold a majority of the share by the end of 2035 owing to the growing importance of the adoption of energy-efficient technologies to significantly reduce the carbon footprint is expected to boost the market growth in the region. Consult our expert analysts at: info@researchnester.com or contact us at: https://www.researchnester.com/contact for any customized report. This report also provides the existing competitive scenario of some of the key players of the global LED driver market which includes company profiling of Inventronics Inc.,Signify Netherlands B.V., Smart Global Holdings, Inc., Microchip Technology Inc., Lutron Electronics Co., Ltd., Samsung Electronics Co., Ltd., Macroblock, Inc., NXP Semiconductors N.V., Semiconductor Components Industries, LLC, ams OSRAM, Rohm Co., Ltd, and others.

4. Request Report Sample@ https://www.researchnester.com/purchage/purchase_produc t.php?token=5039 Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion, and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919