The Led Driving Power Market size was valued at $7,400.1 million in 2020, and is projected to reach $79,333.3 million by 2030, registering a CAGR of 27.2% from 2021 to 2030.
LEDs are shielded from changes in voltage or current by LED drivers. They are made to function on low voltage, direct current power. They are used to maintain an LED circuit's voltage and current at the appropriate levels. To protect LEDs, LED transformers are utilized in the home, commercial, and industrial sectors.
The growth of the LED driver market is driven by rising energy-efficient lighting usage, rising programmable LED driver development, and rising acceptance of smart infrastructure in developing nations. High installation costs, however, are anticipated to be a significant threat to the global industry. Additionally, the development of IoT-enabled lighting solutions is anticipated to present profitable chances for the expansion of the revenue of the worldwide LED driver market.
Market trends for LED drivers indicate that increased competition and a lack of awareness among small-scale manufacturers are the main factors impeding market expansion. Increased need for safety and protection, as well as increased awareness of the necessity for automotive LED drivers, are the factors favoring market expansion.
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Key players covered:
Minghe
Putianhe
OSRAM SYLVANIA
Lingguan
Intersil
Princeton Technology Corporation
Sanpu
Dali
Excelsys Technologies
Marvell
MEAN WELL
Phihong
Topday
Arch Electronics Corp
Beisheng
Sager Power Systems
Texas Instruments
Allegro
ON Semiconductor
Tridonic
Linear
ST Semiconductor
GE Lighing
Infineon
GOFO
Diodes
NXP
Philips
Future Electronics
Maxim
By types:
External power supply
Built in power supply
By Applications:
Industrial lighting
Commercial lighting
Residential lighting
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Led Driving Power Market in these regions:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Points:
Define, describe and forecast Led Driving Power product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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