An LED electronic driver is an electrical device that delivers power to a string of LEDs in a regulated manner. The LED electronic driver maintains the constant power supply for LED as the electrical properties change throughout the temperature, which may increase or decrease for LED. LED electronic driver is adopted by many outdoor applications, such as roadway lighting, highway and tunnel lighting, and street lighting. These drivers have become more innovative and offer increased flexibility for the lighting solutions..
MARKET SCOPE
The "Global LED Electronic Driver Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the LED electronic driver market with detailed market segmentation by luminaire type, driving method, end user, and geography. The report provides key statistics on the market status of the leading LED electronic driver market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on luminaire type, the global LED electronic driver market is segmented into type A-lamps, T-lamps, reflectors, decorative lamps, integral led modules
- On the basis of driving method, the market is segmented into constant current LED driver, constant voltage LED driver
- Based on end user, the market is bifurcated into commercial lighting, industrial lighting, residential lighting, outdoor and traffic lighting, others
MARKET DYNAMICS
Drivers
- Growing Adoption of LED Lighting in General Lighting Applications.
- Increasing Demand for Energy-Efficient Lighting Systems.
- Acceptance of Standard Protocols for Lighting Control.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The LED electronic driver market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the LED electronic driver market in these regions.
IMPACT OF COVID-19 ON LED ELECTRONIC DRIVER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the LED electronic driver market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from LED electronic driver market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the LED electronic driver market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Osram GmbH
- Harvard Engineering
- Texas Instruments
- Maxim Integrated
- Macroblock Inc
- Atmel Corporation
- General Electric
- Cree, Inc.
- ROHM Semiconductors
- ON Semiconductor
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.