The global LED Lighting Driver Market, on the
basis of driving method, is segmented into constant volume and current volume.
In light bulbs, light is generated by a tungsten wire which only converts a
small portion of energy into visible light. This principle was followed for
many years due to its simple structure & pleasant light. LED lights
although have a higher luminous efficacy than light bulbs, luminaires were not
considered as a replacement for light bulbs. So, in comparison to light bulbs
LEDs need special attention on the power source which means, if LED’s are
insufficiently supplied with energy the light keeps flickering or is perceived
as choppy.
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LED Lighting Driver Market at:
Special circuits are necessary to
convert the mains voltage to a precisely matching voltage for connected
luminaire. These circuits are power supplies mainly optimized for LED’s and are
basically known as LED Lightning drivers. Increasing energy regulations and
other factors are now resulting into energy savings associated with LED’s. LED
requires driver mainly to run on a low voltage and direct current electricity;
and also LED driver rectifies higher voltage, alternating current to low
voltage and direct current. LED drivers also protect LED’s from voltage or
current flickers. Change in voltage causes a change in current being supplied
to the LED’s. Hence, too much or too little current can cause light output to
vary or degrade rapidly owing to higher temperatures within the LED.
At a glance, LED drivers convert
higher voltage, alternating current to low voltage, direct current and LED
drivers keep the voltage & current flowing through an LED circuit at its
standard level. Also, it is important to make a wise selection between
constant-current drivers, constant-voltage drivers and AC LED drivers.
Commercially, the LED driver
market is anticipated to grow at a higher CAGR owing to green initiatives and
power saving resolutions. Ready availability of LED bulbs and LED lighting
drivers result in saving millions of dollars on energy expenditure. Therefore,
with the rising popularity and overwhelming response by the audience, the LED
lightning driver market is estimated to grow at a double-digit CAGR during the
assessment period.
The key driving factors
responsible for the growth of LED lighting drivers market includes growth in
demand of LED in lighting applications such as retail outlets, street lights,
residential complexes and rapidly growing usage within the commercial
applications. Additionally, residential & commercial application of LED
lighting propels the market demand for LED drivers. However, the market
hindering factors is lack of understanding the gap between cost and benefit by
the user.
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On the basis of end-user segment,
the LED lighting drivers market is segmented into residential and commercial.
On the basis of luminaire segment, the LED lighting drivers market is segmented
into A-type Lamps and T-type Lamps.
On the basis of geographic
segmentation, the LED lighting drivers market spans North America, Europe,
Japan, China, Southeast Asia and India. Southeast Asia is estimated to grow at
a higher CAGR during the forecast period owing to faster growing economies like
India & China. It has technologically and economically advanced economies
of Japan and South Korea. India has a biggest consumer base for LED lighting
products which is driving the LED market in Indian market.
Strong presence of manufacturers
in China is constantly enhancing consumption, conductivity and voltage aspect
of LED is anticipated to upsurge the LED demand. The key players in the LED
lighting drivers market includeTexas Instruments, Inc., Osram GmbH, Harvard
Engineering, Maxim Integrated, Inc., Macroblock, Inc., Cree, Inc., Rohm
Semiconductors, General Electric and Atmel Corp.,
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