This report provides exclusive insights into the COVID-19 impact on the LED Lighting Driver Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the LED Lighting Driver Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of LED Lighting Driver Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on LED
lighting driver market provides an in-depth analysis of segments and sub-segments
in the global as well as regional LED lighting driver market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional LED lighting driver market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global LED lighting driver market. According to the report,
the global LED lighting driver market is projected to grow at a CAGR of 9.3%
over the forecast period of 2019-2025.
The light-emitting diode is a lighting device with small energy
and it requires regulated power supply for good performance. The regulated
power supply is provided by LED lighting drivers. LED lighting driver acts as a
specialized power supply source for the LED. In the field of LED lighting, it
is important to select a good driver for the long term performance of the LED.
Further, it helps to save energy for the other works. For operating an LED
module it always requires control gear which is called a driver. In the
operation of the LED, current can only flow in one direction, which is in turns
increase the internal temperature and again lead to a rise in current hence
power uptake within the LED takes place, which further increase in
temperature, failing to limit this vicious circle can lead to the destruction
of an LED. For the prevention of this situation LED driver is used.
The factors such as the standard protocol for lighting control,
IoT integration, growing demand for energy-efficient lighting systems and
increasing adoption of LED lighting in general lighting application drives the
growth of the LED lighting driver market. The global LED lighting driver market
is expected to be dominated by the backlighting application segment. As in
smartphones upgrading features like flexible displays and backlight
additionally contributes to the growth of the backlight segment in the global LED
lighting driver market. Further government initiatives for growing awareness
about using cost-saving and energy-efficient lighting systems among the masses
are increasing the LED lighting driver market. However, the high-cost setup and
lack of awareness about the installation of LED drivers are the major
restraining factor to the growth of LED lighting driver market in the short
run. Moreover, continuously growing consumer awareness about energy-efficient
products, innovative LED products offered by the industry for energy saving,
and government initiatives for energy conservation are expected to boost the
demand of the LED lighting driver market.
Geographically, the global LED lighting drivers market is
segmented into North America, Asia-Pacific, and Europe. The Asia-Pacific is a
large market player of an LED lighting driver. Owing to the growing demand for
the energy-efficient lighting source for the long term performance in this
region. Additionally, the government initiative to provide continuous
electricity supply in the rural part of the countries is helping to grow the
demand for the LED lighting driver market in this region. Further, the influx
of MNC lighting companies in this region helping to grow the demand for the
innovative LED lighting driver market.
The report on global LED lighting driver market covers segments
such as supply type, application, and end-user. On the basis of supply type,
the sub-markets include constant voltage, and constant current. On the basis of
application, the sub-markets include lighting, outdoor display, automotive, and
consumer electronics. On the basis of end-user, the sub-markets include
industrial, residential, and commercial.
The report provides profiles of the companies in the market such
as Harvard Technology Ltd, Mean Well Enterprises Co. Ltd., Cree, Inc, Delta
Electronics, Osram GmbH, Signify Holding, Inventronics Inc., Texas Instruments,
Maxim Integrated, and Tridonic GmbH & Co KG.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of LED lighting
driver market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.