Global LED Driver Market Size, Trends and Growth Opportunity), By Driver Method (Constant Voltage LED Driver, and Constant Current LED Driver), By Luminaire Type (Decorative Lamps, Integral LED Modules, Reflectors, T-Lamps, and Type A-Lamps), By End User, By region, and Forecast till 2027
Global LED Driver Market
The global LED driver market was valued at USD 22.61 billion in 2021 and is expected to reach USD 59.82 billion by 2027 at a CAGR of 12.95%.
LED driver is the power supply that modulates the power required to energise the LEDs or arrays of LEDs. These drivers are used to rectify the AC to DC (alternating current into direct current), as they work on direct current (DC). LED drivers are able to prevent the circuitry from overfeeding as it is a current-driven component. These are widely used in various industries, such as automotive, general, and back lighting.
Market Drivers
Continuous technological advancement in lighting components has enabled energy-efficiency and improved performance, which is expected to increase the demand for LED drivers during this forecast period. Furthermore, an increase in the penetration of LED lighting in several applications like outdoor, automotive, industrial, and horticulture will positively contribute to market growth. Also, an increase in research and development activities by key competitors for the improvement of existing lighting solutions is expected to drive the market. Governments of many countries are investing on smart city developments and technologically advanced and sustainable living spaces which expected to fuel the market growth. In addition to that, the rise in demand for IOT-based smart lighting solutions is growing, which will significantly led the market growth. 

Market Restraints
However, the high cost of installation for LED drivers is the major challenging factor that is expected to hinder the global LED Driver market's growth. Also, lack of common standards among various manufacturers will affect the global LED driver market's growth during this forecast period.
Market Segmentation
The global LED Driver Market is segmented by driver method, such as constant voltage LED drivers and constant current LED drivers, and Constant Current LED Driver, by luminaire type, such as decorative lamps, integral LED modules, reflectors, T-lamps, and type A-lamps. Further, the market is segmented by end user, such as residential lighting, outdoor and traffic lighting, industrial lighting, commercial lighting, and others. Also, the global LED driver market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Regional Analysis
Asia-Pacific will dominate the market with the largest share. And this dominance of the Asia Pacific region is due to the greater demand for energy-saving lighting systems and an increase in the regional population.
North America and Europe are also anticipated to witness a significant rise with the growing adoption of LED lighting across high- and low-end automotive segments.

Market Key Players
Various key players are discussed in this report, such as Koninklijke Philips N.V., Texas Instruments, Inc., Osram GmbH, Maxim Integrated, Inc., Harvard Engineering, Atmel Corporation, Macroblock, Inc., General Electric, and Cree, Inc.

Industry development
March 2022: Signify Holdings and Perfect Plants expand their collaboration on cannabis under grow lights. As an LED driver is the brain of an LED lighting system, signify supplies flexible GreenPower LED systems. Two new climate cells are equipped with dimmable Philips GreenPower LED toplighting compact grow lights and the Philips GrowWise Control System, providing a light system that can be used effectively and efficiently in every growth phase.
January 2022: Acuity Brands Inc. is expanding its collaboration with Microsoft to bring new capabilities to Acuity Brands' smart lighting, lighting controls, and building automation solutions. Acuity Brands has a bold goal to avoid 100m metric tonnes of carbon emissions due to projected 2020–2030 sales of LED luminaires, lighting controls, LED drivers, and building management systems that will replace older technologies in existing buildings.

Market Taxonomy
By Driver Method
• Constant Voltage LED Driver
• Constant Current LED Driver
By Luminaire Type
• Decorative Lamps
• Integral LED Modules
• Reflectors
• T-Lamps
• Type A-Lamps
By End User
• Residential Lighting
• Outdoor & Traffic Lighting
• Industrial Lighting
• Commercial Lighting
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global LED Driver Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

Global LED Driver Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global LED Driver Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global LED Driver Market, By Driver Method
5.1 Y-o-Y Growth Comparison, By Driver Method 
5.2 Global LED Driver Market Share Analysis, By Driver Method 
5.3 Global LED Driver Market Size and Forecast, By Driver Method
5.3.1 Constant Voltage LED Driver
5.3.2. Constant Current LED Driver
6 Global LED Driver Market, By Luminaire Type
6.1 Y-o-Y Growth Comparison, By Luminaire Type
6.2 Global LED Driver Market Share Analysis, By Luminaire Type
6.3 Global LED Driver Market Size and Forecast, By Luminaire Type
6.3.1Decorative Lamps
6.3.2 Integral LED Modules
6.3.3 Reflectors
6.3.4 T-Lamps
6.3.5 Type A-Lamps
7 Global LED Driver Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global LED Driver Market Share Analysis, By End User
7.3 Global LED Driver Market Size and Forecast, By End User
7.3. 1Residential Lighting
7.3.2. Outdoor & Traffic Lighting
7.3.3. Industrial Lighting
7.3.4. Commercial Lighting
7.3.5. Others
8 Global LED Driver Market, By Region
8.1 Global LED Driver Market Share Analysis, By Region
8.2 Global LED Driver Market Share Analysis, By Region
8.3 Global LED Driver Market Size and Forecast, By Region
9 North America LED Driver Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America LED Driver Market Share Analysis, By Driver Method
9.3 North America LED Driver Market Size and Forecast, By Luminaire Type
9.4 North America LED Driver Market Size and Forecast, By End User
9.5 North America LED Driver Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 EuropeLED Driver Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe LED Driver Market Share Analysis, By Driver Method 
10.3 Europe LED Driver Market Size and Forecast, By Luminaire Type 
10.4 Europe LED Driver Market Size and Forecast, By End User
10.5 Europe LED Driver Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific LED Driver Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific LED Driver Market Share Analysis, By Driver Method 
11.3 Asia Pacific LED Driver Market Size and Forecast, By Luminaire Type 
11.4 Asia Pacific LED Driver Market Size and Forecast, By End User
11.5 Asia Pacific LED Driver Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America LED Driver Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America LED Driver Market Share Analysis, By Driver Method 
12.3 Latin America LED Driver Market Size and Forecast, By Luminaire Type 
12.4 Latin America LED Driver Market Size and Forecast, By End User
12.5 Latin America LED Driver Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East LED Driver Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East LED Driver Market Share Analysis, By Driver Method 
13.3 Middle East LED Driver Market Size and Forecast, By Luminaire Type 
13.4 Middle East LED Driver Market Size and Forecast, By End User
13.5 Middle East LED Driver Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Koninklijke Philips N. V
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Texas Instruments, Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Osram GmbH
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Maxim Integrated, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Harvard Engineering
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Atmel Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments