LED Driver Market Size, Share & Industry Analysis, By Supply Type (Constant Current, Constant Voltage), By Luminaire Type (Type A Lamps (Bulbs), Decorative Lamps, T Lamps (Tubular), Reflectors, Integral Modules, Other Lamps), By Application (General Lighting, Automotive Lighting, Backlighting, Other Applications), By End Use (Residential, Commercial, Industrial) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
LED drivers are electrical devices that avert damage to LEDs by managing the forward voltage (VF) of the LED. LED drivers additionally help to meet new energy necessities. The LED drivers have applications in general lighting, automotive lighting, backlighting, and other applications
Automotive applications for LED incorporate inside lighting, indicator and telltale lights and infotainment backdrop lighting just as outside capacities, for example, tail lights, blinkers, brake lights including CHMSL, leaving lights, side marker lights, mist lights and daytime running lights (DRLs).
Key Market Driver -
Key Market Driver – • Growing demand of LED in lightning applications • LED performance and durability is driving the market growth of LED driver • Increasing Demand for Energy-Efficient Lighting Systems
Key Market Restraint -
Key Market Restraint - • The initial purchasing cost is comparatively higher than other
LEDs in smartphones empower slender backdrop lighting structures and support advanced backlight architectures that reduce PCB area and lower cost. The measurements derived by LEDs changes, relies on the size of the cell phones. Greater presentations require more LEDs for backdrop lighting applications. Inductive drivers (inductive DC-DC converters) are effective when driving applications with different series of LEDs.
Key Players Covered:
The key players in LED drivers are Philips N.V., Osram GmbH, Harvard Engineering, Texas Instruments, Inc., Maxim Integrated, Inc., Macroblock, Inc., Atmel Corporation, General Electric, Cree Inc., Rohm Semiconductors, ERP Power LLC, On Semiconductor, AC Electronics, among others.
For instance, the new inventive LED driver by Osram AstroDIM, offers the most extreme energy reserve funds at low speculation costs with extra adaptability to lessen the assortment of luminaire types. The AstroDIM usefulness empowers administrators of road lighting establishments to decrease the energy utilization of their luminaires – without the requirement for extra control interfaces or outer sign. As the vast majority of the radio swell control sign will be off soon, this is the ideal time to change to luminaires with self-governing diminishing while at the same time reusing the current framework.
Regional Analysis:
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Asia Pacific is expected to grow and is likely to be the largest market for LED. With the increasing penetration of LED lighting in the automotive and building & construction industries, it is also expected to boost the market with maximum growth over the forecast period. The government of India has initiated BPL household electrification for below poverty line people under the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) which is likely to increase the demand for LED replacement lamps in BPL households. With the estimated large consumer base for LED, China is the premier in the producer of LED and LED driver.
Segmentation
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Key Industry Developments
- June 2019: ERP Power, who provides connected LED drivers for the lighting industry acquired Lumenetix, developer of tunable color light engines and digital controls. To reduce original equipment manufacturer complexity ERP aims to combine its power control and Lumenetix’ tunable light. This will also accelerate LED lighting fixture time to market.
- December 2018: This SREC advancement opened doors to the improvement of LED drivers and module frameworks with integral thermal protection, which supplanted the thermal protection customarily utilized in downlight luminaires. Imply is the noticeable pioneer with UL and Intertek in security advances, they have extended their advanced safety engineering developments to LED class P drivers, Emergency LED class P drivers, Lighting controls, and different items.
- Ongoing
- 2023
- 2019-2022
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