Global Low Voltage DC-DC LED Drivers Market Growth 2023-2029

Global Low Voltage DC-DC LED Drivers Market Growth 2023-2029

Due to increasing energy regulations, most people are familiar by now with the long life spans and energy savings associated with LEDs, or light-emitting diodes. And these innovative light sources require specialized devices called LED drivers to operate. LED drivers (also known as LED power supplies) are similar to ballasts for fluorescent lamps or transformers for lowvoltage bulbs: they provide LEDs with the electricity they require to function and perform at their best. LED drivers convert higher voltage, alternating current to low voltage, direct current. They also keep the voltage and current flowing through an LED circuit at its rated level. This report studies the Low Voltage DC-DC LED Drivers market.
LPI (LP Information)' newest research report, the “Low Voltage DC-DC LED Drivers Industry Forecast” looks at past sales and reviews total world Low Voltage DC-DC LED Drivers sales in 2022, providing a comprehensive analysis by region and market sector of projected Low Voltage DC-DC LED Drivers sales for 2023 through 2029. With Low Voltage DC-DC LED Drivers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Low Voltage DC-DC LED Drivers industry.
This Insight Report provides a comprehensive analysis of the global Low Voltage DC-DC LED Drivers 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 Low Voltage DC-DC LED Drivers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Low Voltage DC-DC LED Drivers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Low Voltage DC-DC LED Drivers 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 Low Voltage DC-DC LED Drivers.
The global Low Voltage DC-DC LED Drivers market size is projected to grow from US$ 750.3 million in 2022 to US$ 1383 million in 2029; it is expected to grow at a CAGR of 1383 from 2023 to 2029.
Global Low Voltage DC-DC LED Drivers key players include Texas Instruments, Linear Technology, Diodes Incorporated, STMicroelectronics, Monolithic power systems, etc. Global top five manufacturers hold a share about 55%. Asia-Pacific is the largest sale market, with a share about 80%, followed by North America and Europe, total with a share about 15 percent. In terms of product, Buck is the largest segment, with a share about 60%. And in terms of application, the largest application is LED Lighting, followed by Consumer Electronics, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Low Voltage DC-DC LED Drivers market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Buck
Boost
Multi-channel
Others
Segmentation by application
LED Lighting
Consumer Electronics
Others
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.
Texas Instruments
Analog Devices
Diodes Incorporated
STMicroelectronics
Monolithic power systems
MEAN WELL
Infineon
ON Semiconductor
Richtek
ISSI
Fitipower
XP Power
LUXdrive
Key Questions Addressed in this Report
What is the 10-year outlook for the global Low Voltage DC-DC LED Drivers market?
What factors are driving Low Voltage DC-DC LED Drivers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Low Voltage DC-DC LED Drivers market opportunities vary by end market size?
How does Low Voltage DC-DC LED Drivers 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.