ReleaseWire

LED Driver Market Is Expecting Worldwide Growth by 2027

The major driver for LED Driver Market is growing demand of LED in lightning applications such as retail outlets, office complex, and growing usage within the residential lighting application for households.

Posted: Thursday, March 08, 2018 at 6:20 PM CST

Valley Cottage, NY -- (SBWire) -- 03/08/2018 --The growth for LED Driver market has increased globally as it is reducing the energy consumption for economic and environmental purpose for many enterprises and local authorities.LED driver maintain the constant power supply for LED, as the electrical properties changes throughout the temperature which will increase or decrease for LED. LED drivers is adopted by many outdoor application such as roadway lightning, highway and tunnel lightning and street lightning.

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LED DriverMarket: Drivers and Challenges

The major driver for LED Driver Market is growing demand of LED in lightning applications such as retail outlets, office complex, and growing usage within the residential lighting application for households. Government is taking initiatives for radiant bulbs for power efficient lighting and high quality picture images, provided by LED manufacturer. In addition to that, LED performance and durability is driving the market growth of LED driver.

In contrast to this, the challenge for LED driver market is the user to understand the gap between cost and benefit of LED driver.

LED DriverMarket: Segmentation

Segmentation on the basis of End-User:

Residential

Commercial

Others

Segmentation on the basis of industry

Manufacturing

Healthcare

Retail

Energy and Utilities

Defense and Government

Transportation and Logistics

IT and Telecommunications

Others

LED DriverMarket: key players

Some of the key players Osram GmbH, Texas Instruments, Inc., Maxim Integrated, Inc., Harvard Engineering, Macroblock, Inc., General Electric, Cree, Inc, Rohm Semiconductors and Atmel Corp., and others.

Market: Regional Overview

LED Driver Market is currently dominated by North America due to advanced technology. Asia Pacific LED Driver Market is expected to have the highest growth rate globally.

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LED Driver Market: Regional Overview

LED Driver Market is currently dominated by North America due to the technological advancements in this region.Asia Pacific LED Driver Market is expected to have the highest growth rate during the forecast period.

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