LED Driver Market for Lighting Worth US$24.98 Billion by 2022
November 14, 2018
According to a new market research report LED Driver Market for Lighting by Driving Method (Constant Current and Constant Voltage), Luminaire Type (A-Type, T-Lamps, Reflectors, Integral Modules), Components (Driver IC and Discrete), End User Application, and Geography – Global Forecasts to 2022, the total market is expected to reach $US24.98 billion by 2022, at a CAGR of 26.3% during the forecast period. Growing demand for LED lighting due to greater focus on energy savings within the general lighting applications is expected to drive the market.
This report covers the major segments of the market, namely, driving method (constant current LED driver and constant voltage LED driver), luminaire type (A-type, T-lamps, reflectors, decorative lamps, integral LED modules), end-user application (commercial lighting, industrial lighting, residential lighting, outdoor and traffic lighting and others), and geography. The market size estimations for these segments are provided in this report, along with key trends and market dynamics related to these segments.
The LED driver ecosystem comprises
- hardware component manufacturers, prototype designers, and original equipment manufacturers (OEMs)
- LED driver module providers such as Osram GmbH (Germany), and Harvard Engineering (U.K.)
- LED driver IC providers such as, Texas Instruments (U.S.), Maxim Integrated (U.S.), and Macroblock, Inc. (Taiwan) among others.
The report provides the competitive landscape of key players, including their growth strategies to enhance their position in the LED driver market for lighting. The report also provides the profiles of the key companies in the LED driver market for lighting including Osram GmbH (Germany), Harvard Engineering (U.K.), Texas Instruments (U.S.), Maxim Integrated (U.S.), Macroblock Inc. (Taiwan), Atmel Corporation (U.S.), General Electric (U.S.), Cree, Inc. (U.S.), ROHM Semiconductors (Japan), ON Semiconductor (U.S.), and AC Electronics (U.S.).
Find out more: www.marketsandmarkets.com/Market-Reports/led-driver-ic-390.html.
