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Report: Worldwide LED Driver Industry to 2028

Report: Worldwide LED Driver Industry to 2028

DUBLIN  —  The “LED Driver Market – Size, Share, Outlook, and Opportunity Analysis, 2022 – 2028” report has been added to’s offering.

The LEDs offer very low voltage and safety for the LEDs. Individual LED bulbs function at the voltages scaling from 1.5 to 3.5 volts and currents to a maximum of 30mA. The domestic bulb may comprise of various bulbs in series and also in parallel combinations and which need a whole voltage of between 12 and 24 V direct current.

Market Dynamics:

There are several regulatory authorizations that are further assisting the LED adoption rates. For instance, in Europe, the European Union has strict rules on the energy eco-design and the labeling of energy. Amidst other things, the regulations need to phase out the halogen lamps by 2023 and bring electricity savings of 93 tWt hours daily.

Besides the gradual rise in specific regions, the current outbreak of the pandemic is anticipated to further fuel the price of LED solutions by up to 10 percent as per the survey. Additionally, the new lighting methods, by contrast, are on the huge side of the price that scales to conventional lighting.

Smart lighting is projected to spectator quick development over the predicted duration assisting the regulatory authorities and a rise in the per capita income are the main driving forces for its increase. Apart from these, developments in IoT, strong internet connection, and Bluetooth smart assist the smart lighting market.

Companies Mentioned

  • Hubbell Incorporated
  • Osram GmbH
  • Signify Holding
  • Autec Power Systems
  • Lutron Electronics Co. Inc.
  • Hatch Lighting
  • Eaton Corporation Plc
  • Cree Inc.
  • AC Electronics (ACE)
  • Allanson International
  • MEAN WELL Enterprises Co. Ltd
  • Acuity Brands Lighting Inc.
  • Enedo Plc
  • Crestron Electronics Inc.
  • ERP Power LLC

Key features of the study:

  • This report provides in-depth analysis of the global LED Driver market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global LED Driver market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global LED Driver market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LED Driver market.

For more information about this report visit

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