Global LED Driver Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global LED Driver Market By Luminaire Type (Type A Lamp, Decorative Lamp, T Lamp, Reflectors, Others), Supply Type (Constant Voltage, Constant Current), Application Type (General Lighting, Automotive Lighting, Consumer Electronics, Backlighting, Outdoor Display), End-Users (Residential, Commercial, Industrial, Others), Industry (Manufacturing, Healthcare, Retail, Energy & Utilities, Defense & Government, Transportation & Logistics, IT & Telecommunications, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global LED Driver Market

Global LED driver market is expected to register a healthy CAGR of 16.63% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing demand for energy efficient LED lighting technology along with its benefits such as cost-saving features.

Market Definition: Global LED Driver Market

LED driver is defined as an electronic circuit responsible for supplying the power to an individual LED or an array of LEDs. The LED driver is responsible for maintaining consistent current supply so as to retain the brightness levels of the light while also taking care so as to limit the power supply preventing any damage to the LED. They store the power source so as to prevent the damage from any voltage fluctuations which might damage the lights.

Market Drivers:

  • Rapid rise in the demand of LED drivers across the various lighting applications is expected to boost the growth of the market
  • Increasing transformations of LED lighting due to the surge of IoT technology is also expected to drive the growth of the market
  • Presence of reforms presented by the authorities to promote energy efficiency solutions is also expected to foster growth of the market

Market Restraints:

  • Absence of standards regarding the manufacturing of these products is expected to restrict the growth of the market
  • Lack of awareness regarding the benefits and availability of the product in the various developing regions is expected to restrict the growth of the market
  • Concerns regarding the high costs associated with the replacement of the product if any failure or complications occurs in its operations; this factor is also expected to reduce the adoption rate

Segmentation: Global LED Driver Market

  • By Luminaire Type

  • Type A Lamp
  • Decorative Lamp
  • T Lamp
  • Reflectors
  • Others

By Supply Type

  • Constant Voltage
  • Constant Current

By Application Type

  • General Lighting

    • Residential
    • Office
    • Shop
    • Hospitality
    • Outdoor
    • Industrial
    • Architectural

  • Automotive Lighting

    • Headlamps
    • Daytime Running Lights (DRLs)
    • Sidelights
    • Rear Lights
    • Interior

  • Consumer Electronics
  • Backlighting

    • LCD TVs
    • Monitor
    • Portable PCs
    • Handhelds

  • Outdoor Display

By End-Users

  • Residential
  • Commercial
  • Industrial
  • Others

By Industry

  • Manufacturing
  • Healthcare
  • Retail
  • Energy & Utilities
  • Defense & Government
  • Transportation & Logistics
  • IT & Telecommunications
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In August 2017, DeltaPSU announced the launch of a new range of LED drivers under the “LNV Series” with input voltage range of (180Vac-528Vac) with constant current/constant voltage output. The output power range of 320W of the drivers comes with different output voltages ranging from 12V, 24V, 36V and 48V hence offering a wide input voltage
  • In June 2016, Fulham Company Group announced that they had agreed to acquire certain operations of Lumotech relating to LED drivers from Nualight. Lumotech will be Fulham Company Group’s “European Design Centre”. Fulham will be able to offer an extended portfolio of LED drivers with an expanded level of distributor presence and consumer portfolio

Competitive Analysis

Global LED driver market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of LED driver market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global LED driver market are AC Electronics; Microchip Technology Inc.; Cree, Inc.; Tungsram Operations Kft.; Harvard Power Systems Ltd; Signify Holding; Lutron Electronics Co., Inc; MACROBLOCK, INC.; Maxim Integrated; NXP Semiconductors; Semiconductor Components Industries, LLC; OSRAM GmbH; ROHM SEMICONDUCTOR; STMicroelectronics; Texas Instruments Incorporated; Protonix Fortuner India Private Limited; Cell Life Technologies; DeltaPSU; Siri Power Products; TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION; Power Integrations, Inc.; Taiwan Semiconductor and Infineon Technologies AG among others.

Research Methodology: Global LED Driver Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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