DUBLIN--(BUSINESS WIRE)--The "LED Driver for Lighting - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
LED Driver for Lighting market worldwide is projected to grow by US$29 Billion, driven by a compounded growth of 23.7%
Type A-Lamps, one of the segments analyzed and sized in this study, displays the potential to grow at over 24%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$13.8 Billion by the year 2025, Type A-Lamps will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 21.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.2 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.5 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Type A-Lamps will reach a market size of US$1.3 Billion by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 28.2% over the next couple of years and add approximately US$7.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Key Topics Covered:
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
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
- Technology Improvements Remain Crucial to Market Growth
- 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
- World Urban Population in Thousands: 1950-2050P
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1990, 2018 & 2050
- 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
For more information about this report visit https://www.researchandmarkets.com/r/r3yqw0
