LED Lighting Driver Market - Snapshot

LED lighting driver is an electrical device which regulates the power to an LED or to multiple LEDs. It responds to the changing needs of LED, or LED circuit by providing continuous power to the LED as its electrical properties change with temperature. The LED driver is a self-contained power supply which has outputs that are matched to the electrical characteristics of the LED or LEDs. Without the application of LED driver, the LED may become too hot and unstable which may result in poor performance or failure. Transparency Market Research analyses the global LED lighting driver market in terms of value in US Mn and volume sales in terms of million units.

led lighting driver market

The global LED lighting driver market is expected to reach around US$ 23,522.3 Mn by 2026. The market is expected to grow in terms of volume sales at a CAGR of 16.9% during the period 2016-2026.The Asia Pacific LED lighting driver market incurred the highest market share, accounting for US$ 2,243.1 Mn in 2016. The global LED lighting driver market is anticipated to grow mainly due to increase in penetration of LED lighting products in the general lighting industry. They hold a large share of the global electricity consumption. LED lighting drivers are expected to witness significant increase in demand in the next few years due to advantages such as green initiatives and energy-saving technologies. Moreover, increase in number of infrastructure projects coupled with installation of clean and energy efficient lighting systems is anticipated to be a growth factor for the LED lighting driver market. Growing urbanization and modernization initiatives in both developed and developing countries is an important factor fueling the LED lighting drivers market. For example, the Government of India has introduced the Rural Electrification Scheme to achieve 100% electrification of all villages, thereby propelling the LED lighting drivers market in the country.

One of the main challenging factors impacting the growth of the LED lighting driver market is high initial setup cost. Price of the LED lighting drivers largely depends on volume of the product, maturity of the market, and penetration of the product in the market. Additionally, in emerging markets such as APAC, the installation cost of LED lighting drivers is high. This is a time-bound obstacle, as the market in the region is currently undergoing a developing phase. Moreover, shorter lifespan of unsubstantial components is acting as a restraint for the growth of the LED lighting driver market. Unsubstantial reactive components which include electrolytic capacitor and oscillation coil have a very short life span and are sensitive to working temperature. Moreover, LED sources release heat through conduction. In order to prevent performance system failure or degradation, additional mechanism to efficiently carry waste heat out of LEDs is required, which adds to its cost. The global LED lighting driver market is expected to witness decline in growth rate during the forecast period due to these factors. However, miniaturized LED lighting drivers are opening new avenues for solid state lighting. Driver technologies have not kept pace due to the particular issue of size, while LEDs have significantly improved over the last decade. Driver miniaturization is projected to create new opportunities for manufacturers operating in the market in the near future. Additionally, higher integration of SoCs (System-on-Chips) would continue to slash the size of the end-product. Use of SoCs technology would make the future of LED drivers significantly bright.

Some of the key players profiled in the global LED lighting driver market are MEAN WELL Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Moso Power Supply Technology Co., Ltd., Eaglerise Electric and Electronic (China) Co., Ltd., TCI Telecomunicazioni Italia, Delta Electronics, Inc., Osram GmbH, Lifud Technology Co., Ltd., SELF Electronics Co., Ltd., ERP Power LLC., Harvard Technology Ltd., Moons’ Electric Co., Ltd., and Signify Holding.

LED Lighting Driver Market - Overview

The LED lighting driver market report provides analysis for the period 2016–2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major driving factors and key trending topics impacting the LED lighting driver market growth over the forecast period. It also highlights the restraints and opportunities expected to influence the market during the aforesaid period. The study provides a comprehensive outlook on the LED lighting driver market’s growth throughout the forecast period in terms of revenue (in US$ Mn) and volume (Mn Units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).

The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. Furthermore, the several internal and external factors affecting the LED lighting driver market are studied through the industry SWOT analysis The competitive position of the LED lighting driver market are studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.

The LED lighting driver market has been provided in (US$ Mn) in terms of revenue and (Mn Units) in terms of volume as well as the CAGR (%) for the forecast period 2018 to 2026. The LED lighting driver market is a global report studied on the basis of driving method, dimming method, driver type, technology, and region. The incremental opportunity analysis has been figured out in order to determine the most attractive segment in the upcoming years.

The report also highlights the competitive landscape of the LED lighting driver market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive LED lighting driver market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the LED lighting driver market’s growth. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution in the LED lighting driver market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section.

Some of the key players profiled in the global LED lighting driver market are MEAN WELL Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Moso Power Supply Technology Co., Ltd., Eaglerise Electric and Electronic (China) Co., Ltd., TCI Telecomunicazioni Italia, Delta Electronics, Inc., Osram GmbH, Lifud Technology Co., Ltd., SELF Electronics Co., Ltd., ERP Power LLC., Harvard Technology Ltd., Moons’ Electric Co., Ltd., and Signify Holding.

The LED lighting driver market is segmented as below.

LED Lighting Driver Market

Driving Method

  • Constant Voltage
  • Constant Current

Dimming Method

  • Non-Dimmable
  • Dimmable
  • DALI
  • 1-10V
  • TRIAC
  • Others (Trailing Edge, DMX, etc.)

Driver Type

  • External
  • Internal

Technology

  • Smart
  • Conventional

Application

  • Residential Lighting
  • Office Lighting
  • Commercial Lighting
  • Industrial Lighting
  • City Lighting
  • Automotive Lighting
  • Sports Facilities Lighting
  • Entertainment Lighting
  • Horticulture Lighting
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.