LED
Driver Market Research Report (2020-2025) Provides In-Depth
Analysis by Scope, Growth Rate, Driving Factors, Competitive Situation, Top
Manufacturers and Upcoming Trends. LED Driver Market report split global into
several key Regions which mainly includes Market Overview, Table of Content,
List of Figures and Applications. LED Driver Market Growing at Higher CAGR Rate
of XX% between (2020-2025).
Summery:-
The global LED driver market size
accounted for USD 4.07 billion in 2018 and projected to grow at 16.3% CAGR over
the forecast period, from 2019 to 2025. Technologically advanced solution in
LED lighting has improved performance and efficiency, which is expected to
drive the LED drive demand during the forecast period. In addition, increasing
the adoption of LED lighting across various applications like automotive, horticulture,
industrial, and outdoor has resulted in increases demand for products.
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The key driving factors responsible for the growth of LED Driver
market :
Several initiatives taken by
governments across the globe for smart city projects are boosting IoT based LED
lighting solution. Several countries have installed smart street lights that
turn on & off automatically by using a daylight sensor. This initiative is
expected to boost the demand for the market.
However, manufacturers are facing
some challenges such as lack of certain industry-defined standards to check the
behaviors and characteristics of products. LED driver and Solid-State Lighting
(SSL) follow their standards during manufacturing which led to a lack of
interoperability in end-use applications.
Supply Type Insights
By supply type, the market is
segmented into constant voltage and constant current. In 2018, constant current
type dominated the global market and expected to retain its position over the
forecast period.Constant current products are used in several applications as
they have the ability to form uniform brightness, clear display, and offer more
control.
The constant voltage products are
widely used in an application that needs multiple LED lights to be connected in
series. This product distributes voltage similarly and helps to provide equal
luminance.
Application Type Insights
Based on the application type,
the light-emitting diode driver market is segmented into automotive, lighting,
consumer electronics, and outdoor display. Increasing replacement of
traditional light sources such as incandescent and CFL is driving the demand
for LED lights, thereby expected to boost the demand for LED drivers. The
consumer electronic application segment is projected to hold the largest market
share during the forecast period due to the rising adoption of LED TVs,
smartphones, and tablets in emerging countries. LED screens are gaining
traction across the globe due to its better picture quality, low power
consumption, and high colour accuracy. Moreover, LED drivers are also used in
other electronic devices such as air conditioners and refrigerators for display
panels, which is expected to drive the demand for LED drivers in consumer
electronics applications.
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Contents of This Report @ https://www.millioninsights.com/industry-reports/led-driver-market
Table of Contents:-
• LED Driver Market Overview
• LED Driver Market Competition by
Manufacturers
• LED
Driver Market Production, Revenue (Value) by Region (2014-2025)
• LED Driver Market Supply (Production),
Consumption, Export, Import by Regions (2014-2025)
• LED Driver Market Production, Revenue
(Value), Price Trend by Type
• LED Driver Market Analysis by
Application
• LED Driver Market Manufacturers
Profiles/Analysis
• LED Driver Market Manufacturing Cost
Analysis
• LED Driver Market Industrial Chain,
Sourcing Strategy and Downstream Buyers
• LED Driver Market Marketing Strategy
Analysis, Distributors/Traders
• LED Driver Market Effect Factors
Analysis
• LED Driver Market Research Findings
and Conclusion
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