Market Overview

Global LED Lighting Driver Market to Reach US$ 23,522.3 Mn by 2026: TMR


Global LED Lighting Driver Market to Reach US$ 23,522.3 Mn by 2026: TMR

PR Newswire

ALBANY, New York, August 22, 2018 /PRNewswire/ --

According to a new market report published by Transparency Market Research titled "LED Lighting Driver Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026," the global LED lighting market is expected to reach a value of US$ 23,522.3 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 16.9% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 252.5 million units in 2017. The Asia Pacific LED lighting market is projected to have the highest growth during the forecast period. The market witnessed considerable growth due to increased urbanization and modernization initiatives coupled with installation of energy efficient lighting systems.

     (Logo: )

Request a Brochure for Research Insights at

The LED lighting driver market is influenced by increased penetration of LED lighting products. LED lighting systems are gaining popularity because of its energy efficiency and cost saving properties. Moreover, government initiatives in increasing awareness about using energy efficient and cost saving lighting systems is anticipated to be a growth factor for the LED lighting driver market. However, one of the main challenges impacting the growth of the LED lighting driver market is high initial setup cost which may prove to be a restraint in many developing countries in the short run. On the other hand, increasing use of miniaturized LED lighting drivers is one of the key opportunities for the growth of the LED lighting driver market. Driver miniaturization is projected to create new opportunities for manufacturers operating in the market in the near future.

Get a PDF Sample at

In 2017, based on driving method, constant current accounted for market value of U$ 3805.3 Mn in the global LED lighting market. Constant current LED drivers accounted for larger share because it is widely used to maintain constant current with variable voltage. According to diming method, in 2017, dimmable LED lighting drivers accounted for the major share in terms of value at US$ 4373.8 Mn. According to driver type, internal LED lighting drivers were valued at 137.9 Mn units in 2017. This is because residential consumption of LED lighting systems is more. However, in terms of value, external LED lighting drivers occupied the bigger share at US$ 3,226.7 Mn in 2017 as the price of commercial LED lighting drivers is more compared to lighting drivers used for residential purposes. 

Request for Customization Report at

Under the technology segment, conventional LED lighting drivers acquired the major chunk in terms of value accounting for US$ 4,568.1 Mn in 2017, due to the fact that technological advancement is low in major regions of the world. In terms of application, residential segment acquired the largest share in terms of value at US$ 1913.1Mn in 2017 owing to increased installation of LED lamps and luminaires in home space. In terms of geography, Asia Pacific accounted for the largest share accounting for US$ 2614 Mn, followed by Europe in 2017. Asia Pacific region accounted for the largest share due to increased development in real estate industry, increased research and development spending, infrastructure spending etc.

Download Report TOC for in-depth analysis at

Some of the key players profiled in the global LED lighting driver market are MEAN WELL Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Moso Power Supply Technology Co., Ltd., Eaglerise Electric and Electronic (China) Co., Ltd.,TCI Telecomunicazioni Italia, Delta Electronics, Inc., Osram GmbH, Lifud Technology Co., Ltd., SELF Electronics Co., Ltd., ERP Power LLC., Harvard Technology Ltd., Moons' Electric Co., Ltd., Signify Holding etc.

The LED lighting driver market is segmented as below.

LED Lighting Driver Market 

Driving Method 

  • Constant Voltage
  • Constant Current

Dimming Method 

  • Non-Dimmable
  • Dimmable
  • DALI
  • 1-10V
  • Others (Trailing Edge, DMX, etc.)

Driver Type 

  • External
  • Internal


  • Smart
  • Conventional


  • Residential Lighting
  • Office Lighting
  • Commercial Lighting
  • Industrial Lighting
  • City Lighting
  • Automotive Lighting
  • Sports Facilities Lighting
  • Entertainment Lighting
  • Horticulture Lighting
  • Others

By Geography 

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

Popular Research Reports by TMR: 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. 


Mr. Rohit Bhisey

Transparency Market Research

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453



Research Blog:

SOURCE Transparency Market Research

View Comments and Join the Discussion!