Lighting LED Driver Market to Hit 23% CAGR During 2016 - 2022
PUNE, India, May 4, 2016 /PRNewswire/ --
Outdoor & traffic lighting applications are major adopters of the LED lighting, which is pushing the LED driver market growth for lighting at a CAGR of 26.3% predicted between 2016 and 2022 according to the latest research.
Complete report on LED driver market spread across 145 pages, profiling 10 companies and supported with 66 tables and 49 figures is now available at http://www.reportsnreports.com/reports/539050-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-global-forecasts-to-2022.html .
As local authorities 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.
Asia-Pacific is also estimated to grow at the highest rate in the overall market till 2022. Combination of multiple factors make Asia-Pacific the most dynamic region in LED driver market for lighting. Asia-Pacific has some of the fastest-growing emerging economies in the form of India and China; it also has technologically and economically advanced economies of Japan and South Korea. Furthermore, there are many countries within Asia-Pacific which are still seeing rapid urbanization; hence, the overall growth and demand for infrastructure is higher compared to Europe and North America. Since the global initiatives for carbon reductions depend largely on the regions, countries in the Asia-Pacific region have started bringing in regulations to increase the usage of LED lighting which is giving a major flip to growth of the market for LED lighting and consequently of the LED driver market for lighting.
The geographic segmentation in the report covers four major regions of the world, namely, North America, Europe, APAC, and RoW. The report also profiles major players in the LED driver market for lighting. Some of the major 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). Order a copy of 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 - Global Forecasts to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=539050
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35% companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level - 35%, Director Level - 25%, and Others - 40% from various key organizations operating in the global LED driver market. The primary interviews were conducted worldwide covering regions such as North America - 45%, Europe - 20%, APAC - 30%, and RoW - 5%
On a related note, another research on Smart Lighting Market Global Forecast to 2020 says, the total smart lighting market is expected to reach USD 8.1 billion by 2020, growing at a CAGR of 22.07% between 2015 and 2020. The growth of infrastructure, burgeoning population, and focus on energy consumption rate has catalyzed the growth of the smart lighting market. The geographic segmentation of the smart lighting market covers four major regions of the world, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Companies like Osram GmbH (Germany), Koninklijke Philips N.V (Netherlands), General Electric Company (U.S.), and Acuity Lighting Brands Inc. (U.S.) have been profiled in this 160 pages research available at http://www.reportsnreports.com/reports/226128-global-smart-lighting-market-2013-2018-by-component-sensors-controllers-chipsets-others-lighting-type-led-fl-cfl-hid-connectivity-wired-wireless-application-commercial-industrial-public-government-residential-geography.html .
Explore more reports on the IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/.
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