LED Lighting Driver Market Growth Factor and Investment Analysis by Key Players 2025
“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 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 energythe light keeps flickering or is perceived as choppy. 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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/led-lighting-driver-market