Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 46.50 Billion | USD 98.53 Billion | 9.84% | 2022 |
FrequentlyAsked Questions
Light-emitting diode (LED) is a semiconductor that emits light after being connected to a power source.
The global LED lighting drivers market is projected to grow owing to the rising investments in the development of smart cities and homes across the globe.
According to study, the global LED lighting drivers market size was worth around USD 46.50 billion in 2022 and is predicted to grow to around USD 98.53 billion by 2030.
The CAGR value of the LED lighting drivers market is expected to be around 9.84% during 2023-2030.
The global LED lighting drivers market is projected to be led by Asia-Pacific. In 2022, the region held control over 46.25% of the global revenue.
The global LED lighting drivers market is led by players like Mean Well, Philips Lighting (Signify), Tridonic, Osram GmbH, Thomas Research Products, EldoLED, ERP Power, Inventron Electronics, Inventronics, Advance Transformer Co., Delta Electronics, MOSO Power Supply Technology, MEAN WELL USA, ON Semiconductor, and LIFUD.
The report explores crucial aspects of the LED lighting drivers market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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