Tag Archives: LED Driver Market Analysis

LED Driver Market Trends To Reach $24.98 Billion By 2022

According to a new market research report Led Driver Market for Lighting by Driving Method (Constant Current and Constant Voltage), Luminaire Type (A-Type, T-Lamps, Reflectors, Integral Modules), Components (Driver IC and Discrete), End User Application, and Geography – ****** Forecasts to 2022″, the total market is expected to reach USD 24.98 billion by 2022, at a CAGR of 26.3 % during the forecast period. Growing demand for LED lighting due to greater focus on energy savings within the general lighting applications is expected to drive the market.

led-driver-market.jpg

Residential lighting is expected to lead the LED driver market for lighting end-user applications

LED Driver Market at a CAGR of 26.3% between 2016 and 2022

According to a new market research report Led Driver Market for Lighting by Driving Method (Constant Current and Constant Voltage), Luminaire Type (A-Type, T-Lamps, Reflectors, Integral Modules), Components (Driver IC and Discrete), End User Application, and Geography – ****** Forecasts to 2022″, the total market is expected to reach USD 24.98 billion by 2022, at a CAGR of 26.3 % during the forecast period. Growing demand for LED lighting due to greater focus on energy savings within the general lighting applications is expected to drive the market.

led-driver-market.jpg

Residential lighting is expected to lead the LED driver market for lighting end-user applications