Lucintel Forecasts Led Driver Market To Reach $18 Billion By 2025

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According to the recent study the LED driver market is projected to reach an estimated $18 billion by 2025 from $9.1 billion in 2019, at a CAGR of 12% from 2020 to 2025. Growth in this market is primarily driven by increasing building and construction activities, favorable government regulations for energy efficiency, and increasing adoption of LED lighting in emerging countries.
Browse 113 figures / charts and 98 tables in this 183 -page report to understand trends, opportunities and forecast in LED driver market by supply type (constant current and constant voltage), by luminaire type (type A lamp, decorative lamp, T lamp, reflectors, and others), by applications (general lighting, automotive lighting and backlighting) and by region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/global-led-driver-market-2020-2025.aspx
“Constant current market is expected to remain the largest segment during the forecast period.”
Based on supply type, the LED driver market is segmented ...
... into constant current and constant voltage. Lucintel forecasts that the constant current is expected to witness the largest segment and it is also expected to witness the highest growth due to ability to provide consistent brightness with lower power consumption and increasing demand in LED backlighting and general lighting applications.
“Within the LED driver market, the general lighting segment is expected to remain the largest application”
Based on application, the general lighting segment is expected to witness the largest segment over the forecast period and it is also expected to witness the highest growth rate due to increasing demand for energy-efficient products in residential and commercial lighting, increasing usage of LED drivers for building and lighting management systems, and the decreasing price of LEDs.
“Asia Pacific will dominate the LED driver market in near future”
Asia Pacific is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting in the automotive and building & construction industries. Production and consumption of LED lighting in China is highest, and modernization of infrastructure is expected to propel the demand for lighting products in China.
Download Brochure of this report by clicking on https://www.lucintel.com/global-led-driver-market-2020-2025.aspx
Major players of LED driver market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Texas Instruments, Toshiba, STMicroelectronics, ON Semiconductor, and ROHM Semiconductor are among the major LED driver providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/global-led-driver-market-2020-2025.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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