Constant Current LED Driver Market Expected To Reach USD 27.54 Billion By 2026, At A CAGR Of 12.7% During The Forecast Period (2019-2026)

The market is driven by growing adoption of LED lighting for general lighting applications and increased demand for energy - efficient lighting systems.

Market Size – USD 9.65 Billion in 2018, Market Growth - CAGR of 12.7%, Market Trends – Growing LED lighting adoption for general lighting applications and increased demand for energy - efficient lighting systems

The Constant Current LED Driver Market was valued at USD 9.65 Billion in 2018 and is expected to reach USD 27.54 Billion by 2026, at a CAGR of 12.7% during the forecast period. The government policies and economic development owing to rapid urbanization in the developing countries have led to the growth in usage of LED lighting.

Increasing industrial development and population growth have in recent years led to an increase in global energy demand. The decreasing amount of resources and rising demand for energy have resulted in a worldwide energy crisis.

Development of LEDs as a cost effective lighting technology for general lighting applications, is rising, especially for residential, commercial, and industrial lighting. This is mainly attributed due to superior features offered by LED bulbs over conventional lighting sources such as incandescent, and fluorescent lamps, such as in product life cycle, lumen outputs, and low energy costs.

Further key findings from the report suggest

• The Constant Current LED Driver market was valued at USD 9.65 Billion in 2018 and is expected to reach USD 27.54 Billion by 2026, at a CAGR of 12.7% during the forecast period. The government policies and economic development owing to rapid urbanization in the developing countries have led to the growth in usage of LED lighting.
• The market for LED Displays is estimated to hold the largest market share to reach USD 7.16 Billion in 2026, at a CAGR of 13.3% during the forecast period. The market for portable PCs is estimated to reach USD 2.48 Billion in 2026, at a CAGR of 11.2% during the forecast period.
• The market for smart technologies is expected to reach USD 16.03 Billion in 2026, at a CAGR of 13.5% during the forecast period. Smart lighting systems are designed to ensure energy efficiency and include automated controls and highly efficient
• The rapid urbanization and changing people's lifestyles have installations that can make adjustments, such as occupancy, depending on conditions.
• Based on end user, the market for architecture is estimated to reach USD 4.35 Billion in 2026, at a CAGR of 13.4% during the forecast period. Companies offer solutions based on accepted international and national standards for architectural lighting. Manufacturers currently offer smart architectural lighting solutions that, with the help of sensors that observe people, provide safe and efficient on-demand lighting and set the lighting intensity to the required levels automatically.
• also increased the penetration of Led lighting in the automotive, construction and construction industries. The compatible size and aesthetic look has attracted interests from the affluent population segment with high disposable income, resulting in significant growth in LED driver adoption.
• The key players in the market are Atmel Corp. (US), General Electric (US), Macroblock, Inc. (Taiwan), On Semiconductor (US), Koninklijke Philips N.V. (Netherlands), Atmel Corporation (US), Texas Instruments, Inc. (US), Cree Inc. (US), AC Electronics (US), Maxim Integrated, Inc. (US), Osram Gmbh (Germany), Rohm Semiconductors (Japan), Harvard Engineering (US) and others.

Segments covered in the report:

This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of power, ac input voltage, technology, end use, application, dimming type, driver type and regional.

Power (Revenue, USD Million; 2016-2026)

• 0-10W
• 10-60W
• 60-100W
• >100W

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AC Input Voltage (Revenue, USD Million; 2016-2026)

• Less than 120 V
• 120-299V
• 300 and above

Dimming Type (Revenue, USD Million; 2016-2026)

• No Dimming
• 0-10V (1-100%)
• 0-10V
• 10-100%
• 01-100%
• 1-100%
• Bluetooth 1-100%
• For/Rev Phase
• Others

Driver Type (Revenue, USD Million; 2016-2026)

• External
• Internal

Technology (Revenue, USD Million; 2016-2026)

• Smart
• Conventional

End Use (Revenue, USD Million; 2016-2026)

• Architecture
• Commercial Lighting
• Airports and Dockyard
• Healthcare
• Office
• Horticulture
• Retail
• Others

Application (Revenue, USD Million; 2016-2026)

• Accent Light
• Area Lighting
• Cove Lights
• LED Displays
• Linear
• Portable PCs
• Others

Region (Thousand, Units and Revenue, USD Million; 2016-2026)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa

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