+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

LED Driver for Lighting - Global Market Trajectory & Analytics

  • ID: 4805622
  • Report
  • May 2020
  • Region: Global
  • 661 pages
  • Global Industry Analysts, Inc
1 of 2
The global market for LED Driver for Lighting is projected to reach US$37.4 billion by 2025, driven by internet of things (IoT) and expanding applications of smart lighting in smart cities, industrial internet of things (IIoT), healthcare, intelligent transportation, and smart homes. Smart lighting is emerging to be an integral part of smart city investments supported by benefits and value creation such as increased energy efficiency and low city energy budget by over 50%, sensors in smart lighting can also help provide new capabilities such as monitoring public and traffic for safety, crime detection and security reasons, remote lighting management and control, improve service reliability when smart street lights are deployed via platform-as-a-service solution, and increased citizen satisfaction. In the rapidly growing industry 4.0 space, connected lighting is the starting point for smart factories to leverage benefits such as immediate ROI, lower operational costs, improve worker productivity and better building management. In healthcare facilities, smart lighting has the potential to improve patient health with new research evaluating the impact of light`s spectral intensity on body temperature, and patient behavior. In intelligent transportation systems, IoT enabled smart road lighting allows for improved road safety, while smart traffic light control system with phased lighting capable of dynamically changing based on traffic density can enable more efficient traffic management. As consumer IoT gains momentum and smart homes become more widespread, smart lights will gain in demand for energy savings, easy-to-use light customization, remote operation and control, comfort and convenience benefits.

IoT compatible LED drivers are growing in demand against the backdrop of rising popularity and growing penetration of IoT based smart lighting systems. Developments of new standards to address this very need bode well for growth in the market. In the year 2018, the IoT-Ready Alliance released a new standard for ensuring LED driver compatibility with IoT. The V1 Specification is an IoT-ready interface specification that addresses all mechanical, electrical and software interfaces for lighting controls for IoT. V1.0 offers compatibility with wired and wireless network topology i.e. IP/Ethernet, Bluetooth Low Energy (BLE), Zigbee, Z-Wave, or Wi-Fi and provides technical specifications for sockets capable of allowing IoT sensors or control modules to connect seamlessly to a luminaire. The launch of the new standard is a major step forward for LED drivers and is expected to expand rapid commercialization of IoT enabled lighting solutions by supporting and encouraging simplicity of implementation, lowering-cost, and driving interoperability which is vital for industry-wide acceptance of any technology. The growing value of smart lighting will create opportunities for innovative LED drivers capable of supporting advanced sensing, control algorithms, dynamic spectral light reproduction, and different wireless communication systems to ensure deployable, scalable, and autonomous lighting solutions compatible with the IoT ecosystem. The United States, China and Europe represent large markets worldwide with a combined share of 63% of the market. China also ranks as the fastest growing market with a CAGR of 28.2% over the analysis period supported by the country`s large-scale and rapid digitization induced urbanization. The Chinese government has set its goals on achieving modern, data-based and intelligent social governance where human centric lighting will play a key role.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 2
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Burgeoning Demand for LED Lighting Drives the Global LED Drivers Market
Global Lamp Market by Technology (2014, 2016, 2018, 2020 & 2022): Percentage Share Breakdown of Unit Installed Base for CFL, Fluorescent, Halogen, Incandescent, and LED Replacement
Constant Current LED Drivers Dominate the Market
Europe and the US Dominate the LED Drivers Market, Asia-Pacific to Exhibit the Fastest Growth
Type A Lamps Dominate, While Lamps with integrated Modules to Drive Market Expansion
Outdoor Segment to Exhibit the Fastest Growth
Key Challenges
Competitive Landscape
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
AC Electronics (US)
Cree, Inc. (US)
Infineon Technologies AG (Germany)
Macroblock, Inc. (Taiwan)
Microchip Technology, Inc. (US)
NXP Semiconductors N.V. (The Netherlands)
ON Semiconductor Corporation (US)
Osram GmbH (Germany)
Power Integrations, Inc. (US)
ROHM Co., Ltd. (Japan)
STMicroelectronics N.V. (Switzerland)
Texas Instruments, Inc. (US)
Toshiba Electronic Devices & Storage Corporation (Japan)
Tungsram Operations Kft. (Hungary)

3. MARKET TRENDS & DRIVERS
Increased Adoption of LED Lighting Due to Superior Attributes over Traditional Lighting Technologies Drive Market Growth
LED and Other Lighting Technologies: A Comparison
Focus on Energy Efficiency Drives Demand for Ultra-High-Efficiency LED Drivers
Global Electricity Demand by Region/Country (2016-2040): Breakdown of Demand (Thousand TWh) for Australia, Brazil, Canada, China, Europe, India, Japan, Middle East & North Africa, South East Asia, USA, and Rest of World
Expanding Applications of LED Lighting Expands the Addressable Market Opportunity for LED Drivers
Smart LED Drivers Grow in Commercial Value as IoT Based Lighting Rises in Popularity
Rapidly Evolving Smart Lighting Opportunity Drives Demand for IoT Optimized LED Drivers with Standardized Communication Interfaces: Global Smart Lighting Smart (In US$ Billion) for the Years 2017, 2019, 2022 & 2024
Rise of Smart Cities with Smart Lighting Needs to Boost Opportunities for LED Drivers
LED Drivers Benefit from the Increased Penetration of LEDs in Street Lighting Application Hitherto Dominated by HID Lights
Cities Switch towards LEDs to Modernize and Make Street Lighting Smart
Myriad Benefits Drive Increased Demand for LED Drivers in Industrial Automation
Growing use of Miniaturized LED Lighting Drivers
Exponential Increase in Urbanization Drive Development of Higher Quality, More Efficient, and Longer Lasting LED Solutions
Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
Need to Support Plant Protection and Health in Controlled Environment Spurs LED Drivers Demand in Horticulture Applications
LED Drivers Find New Opportunities in Architectural and Landscape Lighting
Growing Popularity of LED Drivers in Retail Display Segment

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US LED Driver for Lighting Market Share (in %) by Company: 2019 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European LED Driver for Lighting Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled: 64
Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll