The proliferation of LEDs in the general lighting market has ushered the industry into a new phase of intense competition, contracting net profits, increasingly homogenous products and business models. Innovation has stagnated in the industry. To cope with these difficult market conditions, many companies have turned to niche lighting markets, such as LED dimmable driver which has a higher entry barrier. The less explored market has become a main development highlight for many companies.
LED dimmable driver has a high market penetration rate in China, due to the costs, technology barriers, and market demands. However, many LED dimmable driver manufacturers develop quickly, revealing the LED dimming technology is increasingly obvious and more and more people accept the dimming lighting.
According to the latest report shows that the global LED dimmable driver market for lighting is expected to reach USD 24.98 billion by 2020, at a Compound Annual Growth Rate of 26.3% between 2016 and 2022. Growing adoption of LED lighting in general lighting applications, increasing demand for the energy-efficient lighting system, and acceptance of standard protocols for lighting control are driving the growth of this market.
The target audience:
- LED module manufacturers
- LED IC manufacturers
- Lighting integrators
- Government bodies
LED driver market, by driving method:
- Constant current LED driver
- Constant voltage LED driver
LED driver market, by luminaire type:
- Commercial lighting
- Industrial lighting
- Residential lighting
- Outdoor and Traffic lighting
If you want to develop LED dimmable driver fast, there are many different factor that need to be taken into consideration such as budgets, policies and different types of demand. We sincerely hope that LED dimmable driver fly high.
Post time: Sep-20-2019