Constant Current LED Driver Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2020–2027

The Constant Current LED Driver Market is presumed to garner a revenue of USD 30.93 Billion by 2027 from its valuation of USD 10.87 billion in 2019, registering a CAGR of 12.7%. The increasing adoption of LED lighting in various lighting applications, the increasing demand for energy-efficient lighting systems, and the advancements of IoT and lighting integration are anticipated to drive the growth of the market throughout the forecast timeline. The stringent government policies concerned with energy-saving and energy efficiency and the rising economic development has contributed to the increased adoption of LED lighting.

The rising adoption of constant current LED drivers over constant voltage LED drivers is the aversion of breaking the maximum current specified for LEDs by the constant current LED drivers. LED drivers confer several advantages, such as higher reliability, comfortable size, and improved efficiency. These drivers maintain the constant supply of power to the LEDs as the electric properties vary during different temperatures.

Moreover, the advent of IoT based connected lighting solutions due to the rapid development of the smart building and home infrastructure and the government initiatives to improve the energy efficiency of cities has bolstered the need for constant current LED drivers, thereby adding traction to the growth of the market. However, the lack of awareness about the installation of LED drivers for lighting and the shortage of predetermined standards among different manufacturers can potentially hamper the growth of the market during the projected period.

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Further Key Findings from the Report Suggest:

• The Constant Current LED Driver Market is presumed to garner a revenue of USD 30.93 Billion by 2027 from its valuation of USD 10.87 billion in 2019, registering a CAGR of 12.7%.
• The increasing adoption of LED lighting in various lighting applications, the increasing demand for energy-efficient lighting systems, and the advancements of IoT and lighting integration are anticipated to drive the growth of the market throughout the forecast timeline.
• The stringent government policies concerned with energy-saving and energy efficiency and the rising economic development has contributed to the increased adoption of LED lighting.
• The rising adoption of constant current LED drivers over constant voltage LED drivers is the aversion of breaking the maximum current specified for LEDs by the constant current LED drivers.
• LEDs have proved to be an energy-efficient alternative to traditional light sources. This has bolstered the demand for LEDs in lighting and display segments across varied industry verticals.
• However, the lack of awareness about the installation of LED drivers for lighting and the shortage of predetermined standards among different manufacturers can potentially hamper the growth of the market during the projected period.
• Based on the power, the 10-60W segment is anticipated to grow significantly in terms of revenue and CAGR during the forecast period. This can be attributed to the growing need to use dim lights for aesthetic appearance in restaurants, theatres, shops, and offices
• Based on the end-user, the architecture segment is anticipated to account for the largest market share in the forecast years owing to the extensive use of LEDs in the sector, thereby driving the need for constant current LED drivers.
• Based on the driver types, the internal segment is presumed to grow at the fastest CAGR during the forecast period. This can be attributed to the rapid urbanization and modernization of the commercial sector, driving the need for LED lighting in various industry verticals such as automotive, architectural, and construction industries.
• Based on the regional analysis, the APAC market is estimated to be the fastest-growing region, registering a CAGR of 13.1%, of the constant current LED drivers market during the forecast period. This can be attributed to the rapid urbanization in emerging economies like China, Japan, and India. Moreover, increasing disposable income, economic development, and the increasing government initiatives for energy-saving lighting can drive the growth of the market in the region.
• Some of the prominent players of the industry are Atmel Corp., General Electric, Macroblock, Inc., On Semiconductor, Koninklijke Philips N.V., Atmel Corporation, Texas Instruments, Inc., Cree Inc., AC Electronics, Maxim Integrated, Inc., Osram Gmbh, Rohm Semiconductors, Harvard Engineering, and others.
• In August 2020, Mean Well Enterprises Co. Ltd. released a series of programmable output drivers conferred with high-power efficiency and broader dimmer compatibility.

Market Segmentation:

The global Constant Current LED Driver market report covers a detailed analysis of the market segmentation to provide key insights into the scope of the market expansion. The global Constant Current LED Driver market has been segregated on the basis of product types, applications, end-users, and key regions of the industry.

By Power (Revenue, USD Million; 2017-2027)

• 0-10W
• 10-60W
• 60-100W
• >100W

By AC Input Voltage (Revenue, USD Million; 2017-2027)

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

By Dimming Type (Revenue, USD Million; 2017-2027)

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

By End-Use (Revenue, USD Million; 2017-2027)

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

By Driver Type (Revenue, USD Million; 2017-2027)

• External
• Internal

Regional Analysis:

The regional bifurcation of the Constant Current LED Driver market report is a comprehensive segment that covers a thorough analysis of the market dynamics and offers critical insights on import/export ratio, supply and demand dynamics, revenue share, market size, market share, industry analysis, production and consumption patterns, and the current and emerging trends of each region. The report also offers a country-wise analysis to confer a better understanding of the market.

The prominent geographical regions of the market include:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Landscape:

The global Constant Current LED Driver market report covers a comprehensive overview of the market’s competitive landscape, providing a detailed analysis of the company profile, product portfolio, market position, global network, revenue share, profit margins, technological and product advancements, and SWOT analysis of each player. The report also provides extensive insights into strategic business expansions such as mergers & acquisitions, collaborations, corporate deals, distribution partnerships, and product launches, among others.

Key Highlights from the Report:

Detailed overview of the Constant Current LED Driver market in the forecast years

Accurate estimation through in-depth analysis of key market trends and features

Extensive regional analysis and insights regarding the regions projected to exhibit lucrative growth

Comprehensive analysis of the competitive landscape

Study of the recent development and trends in the market

Highlights of the TOC:

1. Report Overview

1.1 Research Scope

1.2 Key Constant Current LED Driver market segments

1.3 Major players

1.4 Market analysis by product

1.5 Market analysis by application

1.6 Report timeline

2. Global Growth Trends

2.1 Global Constant Current LED Driver market size

2.2 Latest Constant Current LED Driver market trends

2.3 Key growth trends

3. Competitive Landscape

3.1 Global Constant Current LED Driver market key players

3.2 Global Constant Current LED Driver size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Constant Current LED Driver market

3.5 Mergers, acquisitions, joint ventures, and strategic alliances

Continue…

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