Global LED Driver Market Projected To Grow At A CAGR of 17.4% During 2016-2020

Date: 2016-10-13

Urbanization requires outdoor & traffic lighting and outdoor & traffic lighting are major adopters of the LED lighting, which is pushing the LED driver market growth. According to research, the global LED Driver market is projected to grow at a CAGR of 17.4% during 2016-2020.

As the LED lighting’ quality of efficient energy saving, people all over the world are trying to reduce the energy consumption for economic and environmental purposes, LED lighting is slowly becoming their real choice. High penetration of LED in lighting applications such as office complexes, retail outlets, street lights, and rapidly growing usage within the residential lighting applications for households due to increased focus on energy-efficient lighting are the major drivers for growth of the market.

On the basis of geography, Asia Pacific is expecting to grow at the highest rate in the overall market till 2020, the world largest market such as China, and other emerging countries in Asia such as India, Vietnam and so on, they are estimated to see the huge growth during 2016-2020, in addition, it also has technologically and economically advanced economies of Japan and South Korea.

World top players in this market are Osram GmbH (Germany), Harvard Engineering (U.K.), Texas Instruments (U.S.), Maxim Integrated (U.S.), Macroblock, Inc. (Taiwan), Atmel Corporation (U.S.), General Electric (U.S.), Cree, Inc. (U.S.), Rohm Semiconductors (Japan).

LED Driver market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520

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