Lucintel's latest market report analyzed that constant voltage in the global LED driver provides attractive opportunities in the residential lighting, outdoor & traffic lighting, industrial lighting, and commercial lighting. The constant voltage in the global LED driver market is expected to reach $5.3 billion by 2028 with a CAGR of 15.3%. In this market, type A-lamps is the largest segment by luminaire type, whereas outdoor & traffic lighting is largest by end use.
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Based on luminaire type, the constant voltage in the global LED driver market is segmented into decorative lamps, integral LED modules, reflectors, T-lamps, and type A-lamps. The type A-lamps segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing usage in the outdoor residential applications.
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The Constant Voltage in the Global LED Driver Market is marked by the presence of several big and small players. Some of the prominent players offering constant voltage in the global LED driver include Helvar, Tridonic, LEDVANCE, Enedo, ERP Power, Mean Well, and Inventronics.
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