Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Low Voltage DC-DC LED Drivers Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 8.8% during the review period (2022 to 2027).
Low Voltage DC-DC LED Drivers Market Overview
Low Voltage Dc-Dc Led Drivers Market Analysis provides critical features to assist firms in introducing appropriate items into the market. This Low Voltage Dc-Dc Led Drivers market report provides a detailed analysis of the industry's size, share of key competitors, market segmentation, current industry trends, and business growth projections. Furthermore, the research examines the giving stakeholders a better knowledge of their expansion strategy in the following years.
Owing to the energy regulations, the majority of people are aware of energy savings and long-life spans associated with LEDs. These innovative light sources require specialized devices to operate which are called LED drivers. LED drivers are similar to transformers for low voltage bulbs or ballasts for fluorescent lamps. LED drivers convert higher voltage, alternating current to low voltage, direct current.
The Buck segment is dominating the market with the highest market share and is expected to grow substantially and dominate the global market during the forecast period. The section shows each type of production, revenue received price and market share, as well as growth rate. The application, LED Lighting component is witnessing the highest market share with strong market growth during the forecast period in the global market. The Segment centers on the standing and opportunity for significant application value, market share, and growth valuation of each application.
Who are the Major Players in the Low Voltage DC-DC LED Drivers Market?
Top Key Players in the Low Voltage DC-DC LED Drivers Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Low Voltage DC-DC LED Drivers Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Texas Instruments, Analog Devices, Diodes Incorporated, STMicroelectronics, Monolithic power systems, MEAN WELL, Infineon, ON Semiconductor, Richtek, ISSI, Fitipower, XP Power, LUXdrive, and others.
Industry News:
Automotive-Compliant Buck LED Drivers from Diodes Incorporated Provide Simple, Robust Solutions for Internal and Exterior LED Lamps
December 18, 2019 Diodes Incorporated (Nasdaq: DIOD) today announced the AL8843Q and AL8862Q automotive-compliant DC-DC buck converters, designed for driving single LEDs and multiple LED strings in and around vehicles. Applications include daytime running lights (DRL), which many manufacturers now offer as standard, as well as fog lights, turn lights, and brake/stop lights. With a supply voltage from 4.5V and to at least 40V (AL8862Q up to 55V), the AL8843Q and AL8862Q can withstand even severe voltage variations, such as load dumps during low cranking or stop-start operation, without suffering any corresponding degradation in the LED drive current.
What are the major Applications, Types, and Regions for the Low Voltage DC-DC LED Drivers Market?
Low Voltage DC-DC LED Drivers Market is segmented based on the type, applications, companies, and regions.
By Type, Low Voltage DC-DC LED Drivers Market has been segmented into
- Buck
- Boost
- Multi-channel
- Others
By Application, Low Voltage DC-DC LED Drivers Market has been segmented into,
- LED Lighting
- Consumer Electronics
- Others
Low Voltage DC-DC LED Drivers Market Regional Analysis:
The report offers an in-depth assessment of the growth and other aspects of the Low Voltage DC-DC LED Drivers Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
What is our Low Voltage DC-DC LED Drivers Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 8.8% during the review period (2022 to 2027).
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By Type
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- Buck
- Boost
- Multi-channel
- Others
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By Application
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- LED Lighting
- Consumer Electronics
- Others
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By Companies
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Texas Instruments, Analog Devices, Diodes Incorporated, STMicroelectronics, Monolithic power systems, MEAN WELL, Infineon, ON Semiconductor, Richtek, ISSI, Fitipower, XP Power, LUXdrive, and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Low Voltage DC-DC LED Drivers Report
- Evaluate Low Voltage DC-DC LED Drivers to market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Low Voltage DC-DC LED Drivers market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Relay Market is studied from 2017 - 2027.
What is the growth rate of Low Voltage DC-DC LED Drivers Market?
The Relay Market is growing at a CAGR of 8.8% over the next 5 years.
Who are the key players in Low Voltage DC-DC LED Drivers Market?
Texas Instruments, Analog Devices, Diodes Incorporated, STMicroelectronics, Monolithic power systems, MEAN WELL, Infineon, ON Semiconductor, Richtek, ISSI, Fitipower, XP Power, LUXdrive, and others.
What region does this Low Voltage DC-DC LED Drivers Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Low Voltage DC-DC LED Drivers Market?
Buck, Boost, Multi-channel, Others
What are the major end-use applications of Low Voltage DC-DC LED Drivers Market?
LED Lighting, Consumer Electronics, Others
