Global LED Driver for Lighting Market to Reach $52.6 Billion by 2027 – GlobeNewswire

June 28, 2022 by No Comments

New York, June 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global LED Driver for Lighting Industry” – https://www.reportlinker.com/p05798989/?utm_source=GNW
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Global LED Driver for Lighting Market to Reach $52.6 Billion by 2027

Amid the COVID-19 crisis, the global market for LED Driver for Lighting estimated at US$13.4 Billion in the year 2020, is projected to reach a revised size of US$52.6 Billion by 2027, growing at a CAGR of 21.6% over the analysis period 2020-2027. Type A-Lamps, one of the segments analyzed in the report, is projected to record a 21.5% CAGR and reach US$19.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the T-Lamps segment is readjusted to a revised 20.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 25.7% CAGR

The LED Driver for Lighting market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.4 Billion by the year 2027 trailing a CAGR of 25.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 17.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.6% CAGR.

Integral LED Modules Segment to Record 24.9% CAGR

In the global Integral LED Modules segment, USA, Canada, Japan, China and Europe will drive the 24.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion in the year 2020 will reach a projected size of US$10.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.2 Billion by the year 2027, while Latin America will expand at a 25.3% CAGR through the analysis period.

Select Competitors (Total 64 Featured) –

  • AC Electronics
  • Atmel Corporation
  • Cree, Inc.
  • General Electric Company
  • Koninklijke Philips NV
  • Macroblock, Inc
  • Maxim Integrated Products, Inc.
  • ON Semiconductor Corporation
  • OSRAM GmbH
  • Rohm Semiconductors
  • Texas Instruments, Inc.

Read the full report: https://www.reportlinker.com/p05798989/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
LED Driver for Lighting – Global Key Competitors Percentage
Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
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 …….

Source: https://www.globenewswire.com/news-release/2022/06/28/2470219/0/en/Global-LED-Driver-for-Lighting-Market-to-Reach-52-6-Billion-by-2027.html

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