Programmable LED Drivers Market size was over USD 14.63 billion in 2024 and is projected to reach USD 313.97 billion by 2037, growing at around 26.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of programmable LED drivers is assessed at USD 17.94 billion.
The growth of the market can primarily be attributed to the increasing consumption of electricity worldwide. According to the International Energy Agency, in the year 2019, world total final consumption of electricity was estimated to be ~80.2 EJ.
The characteristic of programmable LED drivers to provide self- contained power supply to LED modules for optimal light output, dimming curve, and lowest dimming percentage, allowing the driver to match the output of existing luminaires or serve as a flexible platform for new luminaire designs with low energy consumption are responsible for its increasing programmable LED drivers market demand. The requirement for specialized power supplies is completely looked after by the LED drivers with different currents in different applications and requiring different intensities. The surge in the use of LED bulbs and LED lightings is attributed to its benefits such as low energy consumption, greater efficiency, longer lifespan, design flexibility, and the ability to operate in harsh conditions. The demand for programmable LED drivers is on the rise amongst the building sector, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global programmable LED drivers market during the forecast period. For instance, in the year 2021, approximately 50% of buildings sector lighting markets were covered by LEDs globally.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
26.6% |
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Base Year Market Size (2024) |
USD 14.63 billion |
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Forecast Year Market Size (2037) |
USD 313.97 billion |
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Regional Scope |
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The global programmable LED drivers market is segmented and analyzed for demand and supply by driver type into constant current LED drivers and constant voltage LED drivers. Out of these segments, constant voltage LED drivers segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing number of hotels using LEDs and curb the carbon emission level worldwide. For instance, the hotel industry is expected to reduce carbon emissions by 66% and 90% by 2030 and 2050, respectively, in order to keep global warming below the 2°C threshold agreed upon in the 2016 Paris Agreement. To produce the same amount of light, LED lighting consumes ~40% less power than fluorescents, and 80% less power than incandescent bulbs.
Our in-depth analysis of the global programmable LED drivers market includes the following segments:
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By Driver Type |
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By Power Level |
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North America industry is expected to account for largest revenue share by 2037, backed by increasing adoption of LEDs in common applications in the region. According to the U. S. Department of Energy, Office of Energy Efficiency and Renewable Energy statistics, from 2016 to 2018, approximately 2,325 million units LED products installations were recorded in various applications, uplifting LED penetration to 30% of all general illumination lighting in the United States.
Enedo Plc - Efore’s Strato EVO programmable LED Driver series achieves CCC passport to China. It is the smallest LED control gear in its class and ideal power source for smart lightning solutions which offers wide range programmability, DALI, NFC, constant current output and flexibility to embed.
Inventronics Inc. – launched 680W high power LED drivers with high input voltage, designed to address poor power quality and to eliminate additional installation equipment.
Author Credits: Abhishek Verma
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