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Commercially , the global 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 key driving factors responsible for the growth of global LED lighting drivers market includes growth in demand of LED in lighting applications such as retail outlets , street lights , residential complexes and rapidly growing usage within the commercial applications . Additionally , residential & commercial application of LED lighting propels the market demand for LED drivers . However , the market hindering factors is lack of understanding the gap between cost and benefit by the user .
On the basis of driving method , the global LED lighting drivers market is segmented into constant volume and current volume . On the basis of end-user segment , the global LED lighting drivers market is segmented into residential and commercial . On the basis of luminaire segment , the global LED lighting drivers market is segmented into A-type Lamps and T-type Lamps .
On the basis of geographic segmentation , the global LED lighting drivers market spans North America , Europe , Japan , China , Southeast Asia and India . Southeast Asia is estimated to grow at a higher CAGR during the forecast period owing to faster growing economies like India & China . It has technologically and economically advanced economies of Japan and South Korea . India has a biggest consumer base for LED lighting products which is driving the LED market in Indian market . Strong presence of manufacturers in China are constantly enhancing consumption , conductivity and voltage aspect of LED is anticipated to upsur ge the LED demand .
The key players in the global LED lighting drivers market include Texas Instruments , Inc ., Osram GmbH , Harvard Engineering , Maxim Integrated , Inc ., Macroblock , Inc ., Cree , Inc ., Rohm Semiconductors , General Electric and Atmel Corp .,
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