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LED Driver for Lighting - Global Market Trajectory & Analytics

  • ID: 4805622
  • Report
  • February 2022
  • Region: Global
  • 661 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • AC Electronics
  • Atmel Corporation
  • Cree, Inc.
  • General Electric Company
  • Koninklijke Philips NV
  • Macroblock, Inc

Global LED Driver for Lighting Market to Reach $52.6 Billion by 2027


Amid the COVID-19 crisis, the global market for LED Driver for Lighting estimated at US$13.4 Billion in the year 2020, is projected to reach a revised size of US$52.6 Billion by 2027, growing at a CAGR of 21.6% over the analysis period 2020-2027. Type A-Lamps, one of the segments analyzed in the report, is projected to record a 21.5% CAGR and reach US$19.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the T-Lamps segment is readjusted to a revised 20.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 25.7% CAGR


The LED Driver for Lighting market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.4 Billion by the year 2027 trailing a CAGR of 25.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.6% CAGR.

Integral LED Modules Segment to Record 24.9% CAGR


In the global Integral LED Modules segment, USA, Canada, Japan, China and Europe will drive the 24.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$10.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.2 Billion by the year 2027, while Latin America will expand at a 25.3% CAGR through the analysis period.

Select Competitors (Total 64 Featured) -

  • AC Electronics
  • Atmel Corporation
  • Cree, Inc.
  • General Electric Company
  • Koninklijke Philips NV
  • Macroblock, Inc
  • Maxim Integrated Products, Inc.
  • ON Semiconductor Corporation
  • OSRAM GmbH
  • Rohm Semiconductors
  • Texas Instruments, Inc.
Frequently Asked Questions about the Global Market for LED Driver for Lighting

What is the estimated value of the Global Market for LED Driver for Lighting?

The Global Market for LED Driver for Lighting was estimated to be valued at $13.4 Billion in 2020.

What is the growth rate of the Global Market for LED Driver for Lighting?

The growth rate of the Global Market for LED Driver for Lighting is 21.6%, with an estimated value of $52.6 Billion by 2027.

What is the forecasted size of the Global Market for LED Driver for Lighting?

The Global Market for LED Driver for Lighting is estimated to be worth $52.6 Billion by 2027.

Who are the key companies in the Global Market for LED Driver for Lighting?

Key companies in the Global Market for LED Driver for Lighting include AC Electronics, Atmel Corporation, Cree, Inc., General Electric Company, Koninklijke Philips NV, Macroblock, Inc, Maxim Integrated Products, Inc., ON Semiconductor Corporation and Rohm Semiconductors.

FEATURED COMPANIES

  • AC Electronics
  • Atmel Corporation
  • Cree, Inc.
  • General Electric Company
  • Koninklijke Philips NV
  • Macroblock, Inc

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • LED Driver for Lighting – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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

2. FOCUS ON SELECT PLAYERS

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

UNITED STATES

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • LED Driver for Lighting Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 64

A selection of companies mentioned in this report includes:

  • AC Electronics
  • Atmel Corporation
  • Cree, Inc.
  • General Electric Company
  • Koninklijke Philips NV
  • Macroblock, Inc
  • Maxim Integrated Products, Inc.
  • ON Semiconductor Corporation
  • OSRAM GmbH
  • Rohm Semiconductors
  • Texas Instruments, Inc.