LED Driver Market Segmentation:
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Driver Type Sgment Analysis
The constant current driver type is anticipated to hold the largest share of 60% by the end of 2035. The growing utilization of constant current drivers in industrial LED lighting applications is expected to propel the segment’s growth. Varying voltage is supplied to the light to maintain a constant current by these current drivers. These designs make the LED just need a fixed current and to withstand a range of voltages. Hence, the rise in the demand for constant current drivers for LED downlights or high-powered LEDs as they can control the electrical current is anticipated to lead the market growth.
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End-User Segment Analysis
The commercial segment is estimated to garner the highest revenue share of 45% by the end of 2035. The high efficiency, extended lifespans, lower energy consumption, and directional nature of LEDs make them ideal for commercial uses. As per research, 50% of commercial buildings in the U.S. use lighting control. Moreover, the rising use of LEDs in parking garage lighting, walkway, street lights, and other outdoor area lighting is anticipated to boost the segment’s growth.
Our in-depth analysis of the global market includes the following segments:
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Driver Type |
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Luminaire Type |
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Component |
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Control Feature |
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Application |
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End-User |
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