LED Drivers Market Report scope & Overview:

LED Drivers Market Size was valued at USD 6.18 billion in 2022 and is expected to reach USD 28.78 billion by 2030, and grow at a CAGR of 21.2% over the forecast period 2023-2030.

LED drivers safeguard LEDs against voltage or current fluctuations. They are intended to operate on low voltage, direct current electricity. They are used to maintain the rated voltage and current flowing through an LED circuit. LED transformers are used to protect LEDs in the residential, industrial, and commercial sectors.

LED Drivers Market Revenue Analysis

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  • Acceptance of Lighting Control Standard Protocols

  • Increasing Demand for Energy-Efficient Lighting Systems.

  • LED Lighting is becoming more popular in general lighting applications.


  • False belief about the high cost of LED driver installation.


  • The innovation of programmable LED drivers.

  • Wireless Technology Development


  • Various manufacturers' lack of common standards.


Covid 19 is rapidly spreading throughout the world. During this time, many manufacturing facilities are experiencing a drop in demand. The shutdown of industries has resulted in a lower supply rate in the market. This virus outbreak is having an impact on the LED driver market. Shipment and supply disruptions are significant market challenges. China is a regional LED driver market player. It is the location of the virus's origin. It is the market's most impacted regional player. The decline in semiconductor demand is affecting the growth of LED drivers. However, the LED driver market demand is expected to skyrocket beginning in 2022. The market is experiencing tremendous growth as a result of increased production. The number of government initiatives for smart cities is growing. LED lighting is used in most smart cities rather than traditional lighting. It is resulting in a massive adoption of LED drivers in recent years. LED Drivers Market Growth is expected to accelerate in the coming years.

Based on supply type, the LED drivers market is segmented into Constant Current, and Constant Voltage. During the forecasted period, constant current LED drivers are expected to be the dominant LED driver by driving method. Constant current LED drivers have an advantage over constant voltage LED drivers because they do not exceed the maximum current specified for the LEDs, preventing burnout/thermal runaway.

Based on luminaire type, the LED drivers market is segmented into Type A-Lamps, Reflectors, Integral LED Modules, T-Lamps, and Decorative Lamps. Type-A lamps are expected to dominate the market for LED drivers segmented by luminaire type. Lamps with integrated modules are expected to grow the fastest, as fully integrated modules inside an LED system are preferred by end users over conventionally assembled LED systems due to cost savings.

Based on component, the LED drivers market is segmented into Discrete Component, Driver IC, and Others. Based on application, the LED drivers market is segmented into Automotive, Lighting Outdoor Display, and Consumer electronics.



  • Constant Current

  • Constant Voltage


  • Type A-Lamps

  • Reflectors

  • Integral LED Modules

  • T-Lamps

  • Decorative Lamps


  • Discrete Component

  • Driver IC

  • Others


  • Automotive

  • Lighting Outdoor Display

  • Consumer Electronics

LED Drivers Market Segmentation Analysis

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The LED driver market is divided into three regions: Asia Pacific, Europe, and North America. Asia Pacific will outgrow the rest of the region. Regional government initiatives are fueling rapid growth. High energy consumption results in high electric bills. The government is launching a slew of initiatives to rein in spending. North America is the second-largest region with the highest growth rate. LED drivers are becoming more popular. Furthermore, investment in North America is massive. The presence of key players in the LED Drivers Market will result in new developments. Furthermore, Europe has a high potential for LED drivers. LED Drivers Market Forecast indicates significant research and innovation opportunities in the coming years.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the LED drivers market are Hatch Lighting, AC Electronics, NXP Semiconductors, Signify Holding, Eaton Corporation, Autec Power Systems, MEAN WELL Enterprises, Crestron Electronics, Lutron Electronics, Hubbell Incorporated & Other Players.

AC Electronics-Company Financial Analysis

Company Landscape Analysis

LED Drivers Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 6.18 Billion
Market Size by 2030 US$ 28.78 Billion
CAGR CAGR of 21.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Supply Type (Constant Current, Constant Voltage)
• By Luminaire Type (Type A-Lamps, Reflectors, Integral LED Modules, T-Lamps, Decorative Lamps)
• By Component (Discrete Component, Driver IC, Others)
• By Application (Automotive, Lighting Outdoor Display, Consumer Electronics)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hatch Lighting, AC Electronics, NXP Semiconductors, Signify Holding, Eaton Corporation, Autec Power Systems, MEAN WELL Enterprises, Crestron Electronics, Lutron Electronics, and Hubbell Incorporated.
Key Drivers • Acceptance of Lighting Control Standard Protocols
• Increasing Demand for Energy-Efficient Lighting Systems.
RESTRAINTS • False belief about the high cost of LED driver installation.

Frequently Asked Questions

The market value is expected to reach USD 28.78 billion by 2030.

False belief about the high cost of LED driver installation factor is limiting the  LED Drivers Market's expansion.

The key players in the LED drivers market are Hatch Lighting, AC Electronics, NXP Semiconductors, Signify Holding, Eaton Corporation, Autec Power Systems, MEAN WELL Enterprises, Crestron Electronics, Lutron Electronics, and Hubbell Incorporated.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. LED Drivers Market Segmentation, by supply type


8.2 Constant Current

8.3 Constant Voltage

9. LED Drivers Market Segmentation, by luminaire type


9.2 Type A-Lamps

9.3 Reflectors

9.4 Integral LED Modules

9.5 T-Lamps

9.6 Decorative Lamps

10. LED Drivers Market Segmentation, by component

10.1 Introduction

10.2 Discrete Component

10.3 Driver IC

10.4 Others

11. LED Drivers Market Segmentation, by application

11.1 Introduction

11.2 Automotive

11.3 Lighting Outdoor Display

11.4 Consumer electronics

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13.Company Profiles

13.1 Hubbell Incorporated

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Hatch Lighting

13.3 AC Electronics

13.4 NXP Semiconductors

13.5 Signify Holding

13.6 Eaton Corporation

13.7 Autec Power Systems

13.8 MEAN WELL Enterprises

13.9 Crestron Electronics

13.10 Lutron Electronics

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments


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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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