Global LED Lighting Driver Market Growth 2023-2029

Global LED Lighting Driver Market Growth 2023-2029

An LED Driver is an electrical device which regulates the power to an LED or a string (or strings) of LEDs. This report is focused on the LED lighting applications.

LPI (LP Information)' newest research report, the “LED Lighting Driver Industry Forecast” looks at past sales and reviews total world LED Lighting Driver sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Lighting Driver sales for 2023 through 2029. With LED Lighting Driver sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Lighting Driver industry.

This Insight Report provides a comprehensive analysis of the global LED Lighting Driver landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LED Lighting Driver portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Lighting Driver market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Lighting Driver and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LED Lighting Driver.

The global LED Lighting Driver market size is projected to grow from US$ 7889.3 million in 2022 to US$ 12290 million in 2029; it is expected to grow at a CAGR of 12290 from 2023 to 2029.

Asia-Pacific is the largest LED Lighting Driver market with about 47% market share. Europe is follower, accounting for about 22% market share.

The key players are MEAN WELL, Philips, Inventronics, Tridonic, Delta Electronics, Hubbell Lighting, MOSO Power, Eaglerise, TCI, OSRAM SYLVANIA, LIFUD, SELF etc. Top 3 companies occupied about 9% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Lighting Driver market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

DALI

0-10V Dimming

Standard (non-dim)

Triac Dimming

Smart Driver

Segmentation by application

Indoor Lighting

Outdoor Lighting

Special Lighting

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

MEAN WELL

Philips

Inventronics

Tridonic

Delta Electronics

Hubbell Lighting

MOSO Power

Eaglerise

TCI

OSRAM SYLVANIA

LIFUD

SELF

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Lighting Driver market?

What factors are driving LED Lighting Driver market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LED Lighting Driver market opportunities vary by end market size?

How does LED Lighting Driver break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.